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Why Investing In Costa Rica Is A Good Investment For Foreigners - Investment - Nairaland

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Why Investing In Costa Rica Is A Good Investment For Foreigners by Agroexport101(m): 5:22pm On Nov 08, 2021

https://www.youtube.com/watch?v=QaM1n215xRg
Costa Rica's impressive biodiversity is what makes it a key destination. Eco tourism is over a billion dollar a year business and has complimented Costa Rica's economy. Agriculture is still an important contributor to foreign trade. A real estate investment is pretty safe and guarantees huge returns. Costa Rica is a country located in Central America that is ranked as one of the most visited international destinations.

An investment in Costa Rican real estate will generate income all year long. Costa Rica is home to some advanced electronic and technological industries, as well as the Free Zone Corporation. Costa Rica is bordered by Nicaragua to the north, the Caribbean Sea to the northeast, Panama to the southeast, the Pacific Ocean to the southwest, and Ecuador to the south of Cocos Island. It has a population of around 5 million in a land area of 51,060 square kilometers. The sovereign state is a unitary presidential constitutional republic.

Costa Rica is one of Latin America's most favored investment destinations. It has consistently performed favorably in the Human Development Index. Multinational companies supported by the Costa Rican Investment Promotion Agency created a gross figure of 16,718 new jobs. Most of the job creation that has resulted from foreign direct investment in Costa Rica is in advanced and light manufacturing. Costa Rica is home to six of the 20 largest medical device manufacturing companies in the world.

It has emerged as a leader in hosting medical technology foreign direct investment in Latin America. The arrival of foreign manufacturers in Costa Rica has spurred the development of a robust base of local suppliers. Costa Rica gained prominence as a destination for FDI when Intel installed a microchip manufacturing facility in the Central American nation in 1997. By 2012, Intel accounted for a full 6 percent of Costa Rica's Gross Domestic Product as well as 20 percent of its exports. Today, Costa Rica has succeeded in becoming a regional leader in quality, efficiency and workforce experience.

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