Costa Rica

Costa Rica

Broadens eligibility to investment incentives for certain economic activities in existing Special Economic Zones

25 May 2022

On 25 May 2022, the Government of Costa Rica enacted Law No. 10.234, "Ley de Fortalecimiento de la Competitividad Territorial para promover la inversión fuera de la GAM" ("Law for the Strengthening of Territorial Competitiveness to promote investment outside the Great Metropolitan Area").

The new law reforms the legal regime on Special Economic Zones (Law No. 7.210) and expands the incentives for investment in SEZs to selected new economic activities, including:

  • Investments in construction projects for the enhancement or development of public infrastructure, such as roads, bridges, sewerage, drinking water supply networks, energy or telecom transmission lines, as well as community care centers, educational centers and human care centers.

  • Investments in human capital by companies already operating in one SEZ, such as developing new skills for business transformation, research and development projects and capacity building/training projects for suppliers or new workforce recruits.

The law entered into force on 25 May 2022.