Categories: Blog
In a globalized world, companies are constantly looking to expand their borders and explore new opportunities abroad. Costa Rica is definitely the best option for those who are looking for a country with a strong projection in the tourism business, for its paradisiacal beaches, lush rainforest, friendly people, in addition to its stunning natural environment and its focus on sustainability, our small Central American country has become one of the most attractive destinations for foreign investment in tourism, here we tell you why:
- Political stability: Costa Rica is known around the world for being a peaceful and stable country in an often-turbulent region. With more than 70 years of democracy and being an army-free country, Costa Rica prides itself on its political stability and respect for human rights. It is also one of the safest countries in Latin America, providing peace of mind for investors and visitors alike.
- Unique natural wonders: Costa Rica is a Paradise for nature lovers. It has beautiful beaches on its Caribbean and Pacific coasts, as well as a myriad of other beauties, such as a large number of active and inactive volcanoes, as well as an amazing biodiversity, home to a great variety of species of flora and fauna. ¡Imagine investing in a hotel surrounded by this spectacular environment!
- Commitment to sustainability: Costa Rica is a world leader in sustainability and renewable energy. The country has set a goal of becoming carbon neutral within the next 3 decades. This not only helps preserve the environment, but also attracts sustainability-minded tourists and investors committed to a greener future.
- Human talent and bilingual education: The country has a highly skilled and educated workforce. Costa Rica in recent years has made an effort to increase literacy levels and improve the educational system, specifically in education by strongly implementing the English language which is currently of high quality. This provides investors with access to trained and bilingual professionals in the tourism sector, which is critical to the success of any project.
- Incentives for foreign investment: The Costa Rican government has implemented a series of incentives to attract foreign investment in tourism, these incentives include:
- Tax exemptions.
- Residency permits for investors.
- Facilities for profit sharing.
In addition, Costa Rica offers a well-developed tourism infrastructure, which facilities the installation and operation of businesses in the country.
This is why Costa Rica has positioned itself as one of the favorite destinations for foreign investment in tourism due to its stunning natural beauty, political stability, tax incentives, ease of doing business, bilingual human talent, and commitment to sustainability. But remember that having good legal advice is vital for all your businesses. At ERP Lawyers, we have a team of specialized lawyers in this area ready to provide you with the best assistance. If you need more information, do not hesitate to contact us tan info@erplawyers.com