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Business opportunities in costa rica
 

Business opportunities in costa rica

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A brief look at business opportunities for expats in Costa Rica

A brief look at business opportunities for expats in Costa Rica

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  • Thank You for posting this information and presenting it in a positive shade. I'm married to a Tica, but I've been trying to convince her to move for about 14 years. I have one preteen and a teen and want them to absorb the culture and the language. I think this would be a great experience for all.
    I surely don't want any regrets!
    Any more advice,contact me at ozzieusmc@hotmail.com --it'll be appreciated!
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  • You never know what you’ll come across
  • Fauna (frog)
  • We can live anywhere in the world
  • Lots of activities in the area, diving, surfing, kayaking, fishing
  • Advantages of living in Costa Rica, Low cost of living, slower pace, strong sense of community, healthy lifestyle among others.
  • Many US based companies have chosen to invest in Costa Rica
  • Taxes in Costa Rica 1.45 per 1k in Key West 9.17 per 1k. 300k home 435 yearly tax in Costa Rica vs 2751 in Key West
  • Insurance in Costa Rica 245 per 100k in value. 300k home would be 735 year
  • According the the United Nations Population fund the life span in Costa Rica is actually a full year longer than in the US. 78.5 vs 77.5
  • Home example
  • Construction process
  • Examples of some of the homes we’ve built
  • When looking back at life it’s not usually what we did that we regret, it’s what we didn’t do.

Business opportunities in costa rica Business opportunities in costa rica Presentation Transcript

  • Business Opportunities and Challenges in Costa Rica This presentation will look at the business climate in Costa Rica in hopes of identifying potential opportunities for Expats
  • Costa Rica Is Easy To Get To
  • Foreigners can not work for Costa Rican Companies. You can be arrested for doing so. They can however, run their own businesses.
  • With Tourism being the number one source of income in Costa Rica, look to this area for potential opportunities
  • There are some road blocks to doing business in Costa Rica. The biggest challenge is Bureaucracy
  • Costa Rica is the top destination on the planet for Eco Tourism
  • The market for tourism in Costa Rica comes from many places
  • Always Dreamed of Opening a Dive Charter?
  • A Surf Camp or Surf School?
  • You can do some things in Costa Rica that you could not do in the US. Costa Rica is not a litigious society!
  •  
  • Costa Rica Prohibits Foreigners from Operating Charter Fishing Boats, You Must Partner With a Costa Rican or Operate through a Corporate Entity
  • With over 800 species of Birds, Opportunities exist for Bird Watching Tours
  •  
  • This retired Pan Am Pilot is now the largest breeder of Macaws in the World!
  • Advantages of Doing Business in Costa Rica
    • Low Cost of Employees
    • Strong Economic Growth
    • Stable Currency vs the Dollar
    • Slower Pace, Less Stress
    • Friendly
    • New Opportunities under CAFTA
  • American Standard Baxter Healthcare Bristol Meyers Squibb Chevron Corporation (Worldwide Headquarters) Cisco Systems Citigroup Coca-Cola Colgate-Palmolive Computer Associates Dole Food Company Ernst & Young Global GE Hilton Hotels Intel Johnson & Johnson L.L. Bean Lucent Marriott Merck Company Microsoft Motorola Oracle Pfizer Philip Morris International Price Waterhouse Coopers Procter & Gamble Radisson Hotels Sony Music Entertainment The Gillette Company Tommy Hilfiger 3Com 3M Company Unisys (Corporate Headquarters) UPS (Corporate Headquarters) Western Union Well known US Companies doing business in Costa Rica
  • Taxes
    • Costa Rica Corporate Tax Environment
    • For Corporate entities the following tax table prevails:
    • Gross income up to �$43,000 10%
    • Gross income up to �$86,500 20%
    • Gross income over �$86,500 30%
    • There is also a 13% “Sales Tax” which is levied on Hotels and Restaurants
  • Insurance in Costa Rica Full Coverage including liability, natural disasters, fire, flood, etc… Runs about 1% of declared value on property
  • Tree Farms Are Another Popular Investment in Costa Rica and the Government Gives Incentives to Expats – Including Easing Residency Restrictions
  • Many Expats Operate Restaurants in Costa Rica
  •  
  • And Hotels. There is a Current Shortage of Hotel Rooms in Costa Rica and Demand Exceeds Supply, Making Room Rates High
  •  
  • Dreaming of Owning a Hotel? Here’s one for $950k plus a 3 bedroom 2 bath house.
  • Opportunities Also Exist in Real Estate Development, Investment and Services. Many Well Known US Real Estate Franchises are Now Opening Offices in Costa Rica. Remax, Century Twenty One and Coldwell Bank Have Multiple Offices in Costa Rica and are Adding More
  • Construction Services are in High Demand
  • The Vacation Rental Market Has Strong Demand. A Home and Land costing $350,000 has a Weekly Rental Income of $2000 per Week!
  • Specialty Retail Opportunities Abound
  • Who are the Entrepreneurs of Costa Rica Ticos, Americans, Canadians, French, Dutch, German, Students, Retirees, Professionals, Farmers, Entrepreneurs, Artists, Bakers, Designers, Families….
    • “ When looking back at life it’s
    • not usually what we did that we regret, it’s what we didn’t do.”