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Costa Rica
Costa
Rica is known is a pro-American country located in Central America.
Besides incredible beauty, friendly locals, a great location, and
endless activities, it also has the most stable government and the
best infrastructure of any Latin American or Caribbean country.
Costa Rica is situated in Central America, flanked by the Pacific
Ocean and Caribbean Sea, with a distance of approximately 248
kilometers (155 miles) between coasts. With a total area of 51,200
square kilometers (20,480 square miles), Costa Rica is no larger
than the state of West Virginia, yet it contains 6% of the world’s
biodiversity.
Education and
Healthcare
In
1949, Costa Rica abolished their army and allocated the defense
budget to education and healthcare. Education has been a priority
for the country of 4 million, and because of it, they boast the
highest literacy rate in the western hemisphere at a whopping 94%.
The healthcare system is very modern, especially in San Jose, and
the cost of living is extremely low compared to the United States
and Europe.
Investment
Opportunities
Land values in Costa Rica have been steadily rising over the past 10
years, and there is every reason to believe it has only just begun
for this tropical destination.
Costa Rica’s past growth and obvious future growth ensure that real
estate investors will continue to enjoy an excellent return on their
investments and re-sale market, both in terms of increasing land
values, and an ever-increasing amount of qualified buyers.
When comparing Costa Rican property on a global level, one finds
property in Costa Rica is clearly a much better investment
opportunity than any similar tropical destination.
Land Ownership
There are no restrictions for foreign ownership of land in Costa
Rica. Foreigner ownership rights are the same as Costa Rica
nationals and are protected by the constitution. There are
regulations which apply to everyone if buying beach front property
within 200 meters of the high tide mark.
Crime Rate
Costa Rica has a very low crime rate. Most of the crime is typically
petty theft; the violent crime rate is one of the lowest in the
Western Hemisphere. Costa Rica is a very safe place and the locals
are warm and friendly. In addition, with the escalation of worldwide
terrorism in the United States, Europe and Asia, Costa Rica has been
recognized as a paradise removed from any threat.
Industry
Costa
Rica’s industry mainly processes agricultural products. The
production of other consumer goods is still just taking off.
However, there are many business incentives to bridge these gaps.
Many real estate investors fall in love with tourist projects,
especially those related to ecotourism. Many hotels are being built,
bought and managed by foreigners. Tourism has developed into a very
important source of foreign currency. The national economy is made
up of services (58%), industry (26%), and agriculture (16%).
Costa Rica has managed to create one of the most attractive
investment environments in Latin America for the development of
industries. Costa Rica’s unique characteristics-its strategic
location, political stability, business incentives (including free
trade zones), supply of high quality human capital-and its proactive
promotion of these assets-have all contributed to an increase of
investments by high-tech companies in the fields of power
technologies, systems integration technologies and call centers.
Companies that have
invested in Costa Rica:
• "Intel Marriott Hotels",
• "Microsoft Abbott Laboratories",
• "PricewaterhouseCoopers Baxter Healthcare",
• "CitiGroup Siemens",
• "Proctor & Gamble Dole",
• "Texaco Wal-Mart Stores",
• "Hilton Hotels Four Seasons Hotel".
Electricity
The country’s mountainous terrain and abundant rainfall have
permitted the construction of a dozen hydroelectric power plants,
making it largely self-sufficient in most energy needs. Costa Rica
exports electricity to Nicaragua and has the potential to become a
major electricity exporter when plans for new generating plants and
a regional distribution grid are completed.
Roads and Highways
The
country has an extensive road system of more than 30,000 kilometers,
with many road improvement projects currently on the way. Getting
around in Costa Rica is relatively easy although there are some
areas which do require four-wheel drive. The main highland cities in
the country’s Central Valley are connected by paved all-weather
roads from the Atlantic and Pacific coasts, and by the Pan American
Highway between Nicaragua and Panama, the neighboring countries to
the north and south. The main highland cities in the country’s
Central Valley are connected by paved all-weather roads with the
Atlantic and Pacific coasts and by the Pan American Highway with
Nicaragua and Panama, the neighboring countries to the
Communications
Modern communication amenities - From conducting a global business
to staying in touch with family and friends, Costa Rica offers
up-to-date means of communication. Easy Internet access, cellular
phones, fax machines, and an efficient surface mail system are all
available.
Television and
Broadcasting
Costa
Rica has thirteen local station TV stations. Currently the three
cable TV providers in the country are: AMNET, Cable Tica and Cable
América. These companies offer many of the channels available to US
cable subscribers. DirecTV also operates in Costa Rica. The company
offers 152 digital TV channels and 33 music channels. The country
has 50 AM, 43 FM and 19 short-wave stations.
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