Costa Rica with its
unique landscape and his stable conditions presents a safety
and charming country for foreign investments in Latin America.
The democratic government in Costa Rica, one of the oldest and
most stable ones in this area, with its adjuvant legal framework
for foreign investors makes Costa Rica a very safe place for
foreign investors.
Economy
In the last few years the economic structure in Costa Rica has
changed. Some important economic sectors increase besides the
traditional agriculture sector. Now the tourism sector with
a growing number of foreign visitors each year is of high importance.
Furthermore Costa Rica made successful efforts to get foreign
companies to invest in the country, especially in the high-tech
sector.
Since 1990 Costa Rica is a member of the GATT and was one of
the founder members of the WTO in 1995. Besides it is a member
of the Central American Common Market and has a free trade agreement
with Mexico, and is actively involved with the implementation
of the Free Trade Area of the Americas.
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Government
Costa Rica presents a democratic republic and has the oldest
continuous democratic government in Latin America. The current
president is Dr. Abel Pacheco and is elected by popular vote
every four years. The current foreign politics stands for
a promotion of foreign investments in the country and the
Free Trade Agreement.
Ownership
Costa Rica provides secure property rights and there are almost
no restrictions to the ownership of land in the country, with
the exception of direct beach front property. The first 50
meters above the mean high-tide line are public lands.
Citizenship, residency or even a presence in the country are
required for land ownership and foreigners authorized with
the same rights as citizens of the country.
A secure form of title registration in the National Registry
provides safety for the ownership records.
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