Great Metropolitan Area will host new industrial parks │ Costa Developers

Free Zone and Business Park,

New industrial parks will begin construction in the next few years in different sectors of the greater metropolitan Alajuela, Santa Ana, Heredia.

One of the industrial parks will be installed in the province of Alajuela in the sector of El Coyol, an area that has been characterized by attracting businesses of real estate and commercial investments, there will be located Life Free Zone and Business Park, which will be built in 10 years and will have 8 stages.

In Alajuela is also installed Green Park, in the District of Ulloa in Heredia Tech Park and a quarter will occupy a space in Wells of Santa Ana Lindora Park.

These four real estate developments are at the stage of proceedings and subsequently will be included in the list of industrial parks suitable for foreign companies seeking to invest in the country.

To start the facility, companies must first pass the stage of building permits and environmental, is expected to start operations during the second half of the 214 and the first six months of the year 2015.

Green Park for example, is led by group developer of industrial parks S.A., represented by Oller lawyers in the country, and its investment comes from El Salvador, in accordance with their representatives.

For its part of the project Life Free Zone and Business Park is represented by Cuestamoras real estate Sector and is developed in association with Garnier and Garnier.

This last will occupy an area of 50 hectares in El Coyol, according to the Director, Luis Montero, will begin the first of eight stages in the second half of 2014.

"Segment of Life is quite similar to the of the Coyol free trade zone, there are no major differentiators between the two, with the exception of the tracts of land into lots," said Montero.

In the case of Lindora Park, will feature six stages, will include a Centre offices of 10 buildings and common green areas.

According to data from the trade promoter (Procomer) in Costa Rica, there are at least 36 industrial parks, most of them under the free zone regime.

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Zöllner German company will be installed in Costa Rica with a $10 million investment │ Costa Developers

maxres

Firms settle in Costa Rica for different reasons, as the skilled labour.

Zollner Elektronik AG is a German company that will begin operating in Costa Rica soon.

The company announced on Wednesday that it will open a plant manufacturing and support services in the country, this will be the first plant of operations that installs Zöllner in Latin America.

According to the Costa Rican Coalition initiatives (CINDE) the installation of the plant will have an investment of 10 million dollars from the company, what you include from the purchase of the equipment, the construction of all its facilities physical, from this place provide services of engineering, development, support, and research. It will provide support to the US operations for Zollner based in California.

In accordance with the company aims to generate 200 jobs during the next three years, and this will include posts from management, human resources, technical and manufacturing personnel.

Gene Lindberg Gerente General de Zöllner CR Ltd, said that the company created an email address where you will be receiving resumes of people who are interested in applying to the various posts to jobs@zollner.cr.

"Post offices must indicate salary expectations and must include the name of the job for which you want to participate, followed by the first name in the subject of the email", said Lindberg.

Anabel González, Minister of Foreign Trade said that the arrival of this company "is a clear example of the diversification of the sources of foreign direct investment that Costa Rica has been able to attract".

Gonzalez also emphasized that a total of 40 new projects of high-tech direct foreign investment came to the country, coming from non traditional markets such as Japan, Korea of the South, India, Italy and Germany.

Last year's Costa Rica received a total of $2.265 million in FDI, 5% more than during 2011, according to official data, provided by La Nacion.

In the first quarter of 2013 FDI reached $866,3 million, up 41.3% obtained during the same period from 2012.

According to the company, Zöllner release is within the top 15 companies worldwide in electronics manufacturing.

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English company starts operations in Costa Rica

imats

Costa Rica is known for attracting foreign investment in different industries

IMATS show is one of the latest companies to announce that it will begin operations in the Central American country. This company is dedicated to the plastics molding and injection processes.

The new plant of IMATS show opens in the province of Carthage and will be a modern establishment of 850 square meters.

Its homologous company in England, ClemCleat is originally from Herftforshire, England and has been on the market for 45 years. This signature will arrive in Costa Rica to attend companies engaged in manufacturing technology.

At the beginning this company will provide parts of plastics which will use engineering VITEC, which is a leader in advanced manufacturing, produces in Costa Rica elements in the film, aerospace, industry Government and photographic has been in the country since 1985.

The English company will also work directly with other suppliers of VITEC, which are related to production processes.

"IMATS show is a clear example of the diversification of Costa Rica has experienced in the origins of the foreign direct investment received." Similarly, installation of this company is a sample of the chain nationally and internationally that generate the multinationals that operate successfully in Costa Rica as a VITEC have steadily grown and have been consolidated on national soil," says Gabriela Llobet, Director general of the Costa Rican Coalition for development initiatives (CINDE) in Revista Summa.

Under the company ClamCleat has been exported previously products to VITEC in Costa Rica during the last 10 years and with the opening of IMATS show deepens the business relationship with Costa Rica.

In the same way, the operation in Costa Rica will allow lIMATS to acquire additional production capacity and expand its services to new markets.

"The new plant in Costa Rica will allow us improve customer service, increase capacity, reduce delivery times and offer cost efficiency. We are proud to expand our operations in this country and thus better serve our customers," said Julian Emery, co-Chair of IMATS show to Revista Summa.

IMATS show currently has eight people in its initial phase and a projection of growth to 20 by the end of 2013.

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Presidente of China will visit Costa Rica to promote cooperation mutual

Xi Jinping and laura chinchilla

Trade relations between China and Costa Rica were consolidated during the Government of former President Oscar Arias

The President of China, Xi Jinping will visit the city of San José, Costa Rica from 2 to 4 June as part of his tour of Latin America, announced President Laura Chinchilla.

One of the main objectives of the visit of the Chinese President is mutual agreements between the two countries, especially on investment in infrastructure, clean energy and education area.

Already been in Costa Rica about the investment that plans to make the Chinese Government in the construction of a road in the region of the Costa Rican Caribbean, this investment amounts to $400 million.

Since Costa Rica established relations with China, approximately seven years ago, the Government of the Asian giant has generously cooperated with some US$ 500 million to various projects in Costa Rica, in addition to the free trade agreement that exists between the two Nations.

The President Laura Chinchilla describes relations between Costa Rica and China as a luxury, since he says that few countries can be given the opening to important groups in the Asia-Pacific sector.

The visit of Jinping will be characterized by the conversations and search for agreements on issues such as the development of an exclusive economic zone, to attract foreign investment and generate an export platform to other countries in the world.

"China is critical for us," says President Chinchilla, who seeks that Costa Rica is part of the most recognized groups of economies around the world.

Costa Rica maintains excellent trade relations with China, who in turn has been responsible for investments in Costa Rica, not only in the real estate industry but also in means of transport, promotion of education through scholarships, among others.

Due to the great influence and strengthen the relations between the two countries, Costa Rica inaugurated at the beginning of the year 2013 Chinatown located in the capital San Jose.

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Important details about moving to Costa Rica

Many people move to Costa Rica for different reasons, here below the most common if you intend to live in the country should know.

Costa Rica is one of the countries with greater beauty in the world, while in the country if you choose to live in this paradise, don't forget to know Panama and Nicaragua, extremely attractive and very close, regions and low coast to make a tour.

If you want for example to settle permanently in Costa Rica, you can enjoy 90 day grace period with a tourist visa, which means if you want to live in the country while their residency paperwork are accepted, you can stay in it until 90 days and leave the borders for a period of 72 hours and come back again, your driver license documents and passport will be fully accepted.

If your plans include the purchase of a property in Costa Rica, should take into account that in the country you will find all kinds of ownership of property, from beach to mountain homes condominiums; explore opportunities of a fractional residence, as the program that offers you coast Developers in its coastal projects, an opportunity of having a residence for a fraction of its price and receive the benefits.

Take note that fractional properties have a much more affordable cost, since the House utilities and maintenance fees are divided among all owners, many foreigners buy properties which then become headaches when maintenance should be a distance alone.

In terms of the business in the country, foreign investment is very well received, it is important to also take into account that it must consult with people who have knowledge about investment, laws and business in the country since the paperwork and other details will be much easier to perform.

Matter what your plan, Costa Rica is a country open to the thousands of foreigners who visit every day, will fall in love with the country and eventually opting to move, buy properties or starting your business, don't miss the opportunity to be one more experience the Pura Vida!

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The establishment of industrial parks grows in Costa Rica

Foreign investment has been one of the core points of the Government of the President Laura Chinchilla.

The city of Greece in Alajuela sector La Argentina will be the site where a new industrial plant of 230 hectares, will be located in seeking to attract all kinds of companies that offer different types of technology, including medical technology.

According to the Coordinator of the project, Francisco Bogantes, Green Valley technology centre will be built in 230 acres which is mostly land that is not being used for crop and that it will be delivered by the municipality.

Bogantes said that the municipality works closely with the Coalition's initiatives for development (CINDE) and the Association of export processing zones (AZOFRAS) to attract companies to this new business centre. The project will generate about 360 jobs per hectare.

The intention to build this Center was revealed in the framework of the celebration of the 175th anniversary of the canton of Greece.

In the country, there are several free zones, located in the province of Heredia and Alajuela. These sectors have been propitious for in conjunction with the benefits that the country offers are established service centers to the customer, production technology and others that provide a massive source of employment to the country.

According to the Director of CINDE, Gabriela Llobet, year 2010-2012 the foreign investment reached much higher levels exceeding at any time in history, the sum that was invested during those three years at 62% the investment that was made in the previous three years.

Costa Rica is a country that has offered unparalleled benefits in the region, foreign companies during these years have established 40 foreign companies that have generated around 8230 jobs, causing a national welfare.

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Costa Rica to regulate short term investment from abroad

The Central American country has the right qualities to those foreigners who wish to invest in Costa Rica.

Costa Rica is a favorable destination for foreign investment, not only because it is one of the country’s most attractive for foreign investment, the economics conditions and policies allow thousands of Americans and others place their money in the country in search of generating successful and lucrative business.

The Vice-President of the Republic, Luis Liberman said on Tuesday night, officials of the Legislative Assembly to receive a draft law to limit the entrance of capital investments in the short term that have been detected in recent months, since this takes advantage of attractive interest rates on Costa Rica colones.

According to financial authorities in the country, the Central Bank has detected a large amount of dollars entering the country and are aimed at short-term, dollars that are then exchanged colones quickly. Interest rates are much higher than the dollar in their countries of origin.

The bill which is going to be proposed by Liberman, seeks to tax short term investments from abroad to avoid that this situation will continue.

"The increase in short-term capital investments increases the amount of cash in circulation, causing a fall in rates change, increasing requests for loans and the interest of the banks", said Vice-President Liberman, who thinks that it is a measure of stabilization of the country's economy.

Also experts have commented that it is important for people who invest in Costa Rica or applying for loans, to assume this responsibility in colones, since it could affect them the exchange rate.

Costa Rica will remain a destination desired by foreign investors, growth in the real estate market as well as the arrival of franchises in the country in the coming months are emerging.

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Costa Rica will see an increase in the sale of commercial properties

Costa Rica Real Estate indicates that it has been an interest of investors for commercial properties in the country.

Costa Rica Real Estate, entity of real estate in the country indicated that foreign investors not only seek properties of rest and pleasure, but have also shown great interest in the purchase of commercial real estate.

Investors are increasingly seeking a diversification of its business, adding to its portfolio of properties, those of commercial type, which generates an important benefit for Costa Rica in terms of popularity internationally and market growth.

"Almost daily we receive calls from investors seeking to invest in commercial properties, including hotels, restaurants and other tourism businesses," mentions Costa Rica Real Estate sales manager Jerad Portner.

This not only indicates that there are many business possibilities and opportunities for persons seeking re located in the country, but is also a sign that the easy access to the Costa Rican market has allowed foreigners see the country a source of income and a place to live in retirement.

Some of the factors that attract more investors are the fact that Costa Rica meet unique conditions and possibilities for their businesses to grow and thrive in the country, among the most significant factors are: a high standard of living with a wide expectation, excellent medical conditions, pleasant temperatures and its educational system.

Also plays a role in this phenomenon of business purchase, the closeness that exists in Costa Rica with many cities in the United States, for example, short flights and almost daily that has been growing by several airlines allow investors living only a few hours of its business establishments, easy access and reception afforded to foreigners also stimulates these purchases.

Costa Developers offers you the possibility of acquiring a property in one of the country's major tourist areas, if you seek to become a businessman in Costa Rica, this mode is of great benefit, because you'll save money if you purchase a property that you can use some times a year, without assuming the total cost and not pay high hotel bills whenever you comes to the country to oversee your business.

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Costa Rica materialize this year its country brand

The Chamber of exporters (CADEXCO) and the promoter of foreign trade (PROCOMER) join forces to consolidate country brand plan for Costa Rica and could be ready very soon.

The project presented in Costa Rica foreign trade authorities responds to needs identification and positioning of the country as a brand at a global level, especially by the necessity of creating identity in more than 4000 products which are exported to more than 145 destinations.

According to PROCOMER last year exports of goods generated the country $11 298 million, a significant change that gave from the previous year, 2011, where the same figure is $10 376 million, an increase of 8.9%.

PROCOMER’s General Manager indicated that country will work on the project of brand this year and that it is a propitious time to it already that the institution that represents both CADEXCO believe innovation, differentiation and diversification will enable you to national exports to stimulate sales abroad in Europe and the United States.

The increase of foreign investment and the acceleration of exports for small producers, has made that the Government put more attention on this project, which is part of its strategy for international consolidation.

In previous years, the country has used the slogan "no artificial ingredients", a concept which seeks to define to Costa Rica as a natural, green country, and where the enjoyment of natural resources and comfort come together in a unique destination for foreigners.

The Future Brand consultancy company catalogued Costa Rica as the best country brand in Latin America for the year 2012-2013, especially by the work that has been carried out in sustainable development and environmental issues.

The slogan that has been used Costa Rica not only has attracted the attention of visitors, but it has attracted thousands of foreigners who have opted to choose this lifestyle, and moved to the country after their retirement or to enhance their investments.

For the year 2013, the exporters Guild considers to be elementary creation and solidification of this project for the sake of continue to deepen in the field of marketing to achieve position national products abroad.

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Costa Rica will see revitalization of industry in 2013

This year 2013 promises to attract large amount of foreign investment which will be allocated to different sectors of the national economy.

The year 2012 was characterized in Costa Rica by the large influx of foreign investment and large buildings, offi-centers and hotels developments, not only in the tourist regions but also in the capital.

This year suggests that foreign investment will attract industrial, commercial, tourist and real estate companies. It includes also clothing shops, supermarkets, restaurants and others.

The Central Bank indicated that at the end of the year 2013 foreign direct investment would reach $2 250 million, which corresponds to a 2.27% above what was estimated in 2012.

Sectors where the investments will focus will be distributed in different sectors, for example 25% will be allocated to the sector of high technology, clean energy, and services that will be installed in zones. Residential projects will also be included in the sectors of Escazú and coastal as the Central Pacific and Guanacaste, establishment of shopping centers and hotels.

The real estate firm Colliers International, commented with outstanding artworks in the country that seek to end this year; in the 2011 consolidated the construction of 142 846 square meters and in 2012 about 964 103.

Sonesta Hotel and Casino aims to be the most significant hotel development of the greater Metropolitan Area and is scheduled to open in the first half of the year; with an investment of 40 million dollars and 171 rooms at 1500 square meters.

In Guanacaste is also expected to inaugurate the hotel Andaz papaya and San Jose Hotel Park Inn three stars.

The Director of the Costa Rican Coalition of Development Initiatives (CINDE), said is expected to consolidate at least 30 projects in the areas mentioned above for the next twelve months. This investment not only stimulates the economy but that in turn works as important generation of employment.

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