SAN JOSÉ, Costa Rica,
May 6, 2024 /CNW/ -- The Trade and
Investment Promotion Agency of Costa Rica (PROCOMER) will
bring together investors from around the world in San José, as part
of the first edition of the FDI Summit, which will take place
between June 11 and 12, at the
Convention Center.
The event will allow for two days of immersion in the country,
with the aim of allowing companies to learn first-hand about
investment opportunities in Costa
Rica, the tax incentive system and the capabilities of Costa
Rican talent.
The FDI Summit is focused on the country's strategic sectors
such as agribusiness, light and advanced manufacturing, life
sciences, corporate services, digital technologies, semiconductors
and tourism infrastructure. This diversification of sectors seeks
to guarantee investment opportunities in all regions of the
country.
Laura López, General Manager of PROCOMER, stressed that the FDI
Summit represents a strategic platform for attracting Foreign
Direct Investment (FDI) to Costa
Rica. "Our nation offers an environment conducive to foreign
investment thanks to the solid value proposition, made up of
factors highly recognized worldwide such as sustainability,
political stability and geographic location, the incentives of the
free zone regime, highly specialized human talent, legal security,
as well as a robust ecosystem of local suppliers. These conditions,
as well as the support of an institution like PROCOMER in 100% of
the establishment and post-establishment processes, make
Costa Rica a leading destination
for investment and that is what we are going to show at the FDI
Summit."
In addition to increasing the positioning of Costa Rica (where more than 400 multinationals
already operate), another objective of the FDI Summit is to share
international trends in foreign direct investment and the
opportunities offered by Costa
Rica in this line, for established companies that want to
grow even more in the country.
The event will offer a comprehensive experience, both for
companies already established in the country and for potential
investors, during two days of face-to-face business in Costa Rica. This will include sessions on the
local business environment, field visits and tours to business
parks, personalized agendas and individual meetings with investors,
personalized support and talks with
international speakers about the global context of
FDI.
Costa Rica is a strategic
partner for investment companies, being a country synonymous with
stability as it is the oldest democracy in the region. 75 years
ago, it made the decision to abolish the military and invest in
peace, education, and health.
Lopez added that in less than 40 years these types of decisions
made Costa Rica diversify its
export matrix and become the main per capita exporter of medical
devices throughout the continent. Likewise, Costa Rica has established itself as an
attractive destination for Foreign Direct Investment, ranking first
worldwide in Greenfield investment attraction.
Recently, the US government placed Costa Rica in a prominent position globally by
announcing it as the first beneficiary country of the Chips &
Science Act, which aims to explore opportunities to diversify and
grow the global semiconductor ecosystem, as well as create a
transparent, safe and sustainable global value chain. Therefore,
the government of Costa Rica
launched the Semiconductor Roadmap, the focus of which lies across
four axes: talent, incentives, investment attraction and regulatory
improvement.
For more information and registration for the FDI Summit, go
to Event - Investment - PROCOMER (investincr.com).
About Costa Rica
In 2023, Costa Rica reached a
record in foreign direct investment (FDI) flows by registering an
inflow of $3,921 billion, exceeding
by 131% the estimated goal for that year of $3 billion; an amount that is also 24% higher
than that registered in 2022.
This Central American nation stands out as an excellent
investment destination due to factors such as:
- Political stability that ensures a safe environment for
investments. More than 75 years ago it abolished the army, and
invests 7% of GDP in education and 8% in health.
- Since 1990, it has had a free zone regime with attractive tax
incentives for companies that invest.
- Specialized human talent. Costa Rican software developers are
among the best in the world, and Costa
Rica ranks 2nd in the Global Talent Competitiveness Index
(2021).
- Strategic location with easy connectivity to the world's main
markets, with direct flights to the US and Europe, free trade agreements with more than
50 countries and 16 bilateral investment treaties. It is also a
member of the WTO and the OECD.
- It offers first-rate support for companies to invest: a solid
institution like PROCOMER that provides support in all processes.
As well as law, accounting and real estate firms; state-of-the-art
business parks and a wide ecosystem of local suppliers,
- Costa Rica has the largest
foreign direct investment (FDI) in the world relative to the size
of its economy, according to the Greenfield FDI Performance Index
prepared by fDi Intelligence.
All these and other factors have made the Greenfield FDI
Performance Index, by fDi Intelligence, place Costa Rica as the country that attracts the
most FDI in relation to its GDP.
CONTACT: Ofelia Fernández Valverde,ofernandez@procomer.com;
Esteban Chaves
Trejos,echaves@procomer.com
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SOURCE Promotora del Comercio Exterior de Costa Rica