Free Trade Zone Exporting Regulations
Companies that do business in Free Trade Zones are required to acquire an export license and are encouraged to file export declarations electronically through an Automated Export System (AES). The AES is a Costa Rican software called SIVUCE (Sistema de Informacion de Ventanilla Unica de Comercio Exterior). The AES will require your company to get an export license, and an electronic account with a user I. D. and a password to access the system. You install the software in your computer, connect to Costa Rican customs via modem, file your export declarations and take your products to the nearest port of exit.
FAQs
Will I need a lawyer?
Yes, an excellent lawyer will be indispensible to business operations in Costa Rica. Be sure to interview several, and find one with whom you have very little or no language barrier. Your lawyer will help you navigate every stage of starting and owning a business, and will be an integral piece to helping you maintain success.
What kinds of business incentives exist?
The Costa Rican government provides incentives, usually in the form of tax exemption and grants, for business in the following industries: tourism, forestry, agriculture, and certain import/exports.
What business hurdles am I likely to encounter?
The major hurdle you’re likely to encounter is government red tape; expect more forms, lots of stamps, and longer wait times than you’re used to back home.
Can I hire foreigners to work in my business?
By law, your work force may be comprised of no more than 10% foreign employees. All foreign workers must have work permits and/or legal residency that allows them to work legally.
Can I operate my company in a free-trade zone?
Free trade zones, known locally as zona francas, help draw foreign investment to Costa Rica. To operate within a zona franca, your company must have fixed assets of at least $150,000. Tax exemptions include relief from import and export taxes, real estate transfer tax, capital tax (10 years), income taxes (100% for 8-12 years and 50% for the following 4-6 years), property tax, and selective consumption tax.
Last updated: Oct 25, 2023
