Costa Rica: Tax-related incentives for investment outside greater metropolitan area

Incentives for national and foreign companies that invest outside the greater metropolitan area

Incentives for companies that invest outside the greater metropolitan area

The Congress approved on 27 April 2022 bill number 22.607 known as the "law to strengthen territorial competitiveness for promoting the attraction of investments outside the greater metropolitan area.”

The law provides that national and foreign companies that relocate outside the greater metropolitan area can opt for the benefits, exemptions and incentives established in law number 7210 known as the "free trade zone regime law” if they make the following new kinds of investments outside the greater metropolitan area:

  • Construction projects aimed at improving or conserving public infrastructure, including educational centers and human care centers
  • Activities aimed at developing human capital, including research and development of and investments in skills training providers

In addition, the law provides that companies that relocate outside the greater metropolitan area will benefit from certain tax exemptions and legal permitting benefits.

Read a May 2022 report (Spanish and English) [PDF 292 KB] prepared by the KPMG member firm in Costa Rica

 

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