Costa Rica Ranks In Top 20 Attractive Countries For Invesment
21-Jun-2012 | News-Press Release
Jaco Beach, Puntarenas ( prsafe ) June 19, 2012 - When you hear about Costa Rica, the first thoughts that come to mind are exotic vacations, incredible beaches, wild adventures, and tropical rainforests. Though these all are true, more and more people are looking to Costa Rica as a hotbed for foreign investment. This has recently been supported in a study undertaken by accounting giant, Ernst & Young ranking countries in an emerging economies index. The company brings another level of legitimacy to the already growing reputation that this little Central American nation is a global competitor in the emerging market sector and becoming very attractive for direct foreign investment. In this study, Costa Rica has ranked 19 in the Top 20 emerging economies and is 5th in Latin America behind the behemoths such as Brazil, Mexico, Chile and Argentina. This is no small feat and there are several factors contributing to these impressive results.
Often referred to as "The Switzerland of Central America", Costa Rica from an investment and business standpoint is rapidly becoming newly known as the "Silicon Valley of Latin America". Investing in Costa Rica is becoming increasingly appealing due in part to its foreign-investment friendly government policies, and social and economic climates. With many global companies deeply impacted in 2009 by the financial crisis, Costa Rica became an attractive option for moving elements of business units and operations for cost-cutting, offshore purposes to this fertile ground of skilled workers and a highly educated population. Companies such as Microsoft, Hewlett Packard, Western Union, Intel, GE and more are continuing to make sizeable investments in this country.
The World Bank has tipped its hat to Costa Rica's political stability and robust democracy as one of the best in Latin America. With a conservative central bank, a real estate market that came out of the U.S. housing crisis practically unscathed, and a healthy economic growth rate, there are several positive points when weighing up Costa Rica against other emerging markets. Organizations such as CINDE offer gateways to foreign investors looking for assistance in participating in various sectors such as; services, manufacturing, life sciences, clean technologies, and more. Free zones offer security beyond the government incentives. Often these office parks are nestled in beautiful, safe, and accessible areas of the Central Valley. 2 Costa Rica Real Estate is another top-level liaison organization with offices currently located in 3 of the hottest investment markets in Costa Rica. Specializing in real estate investments and business consulting, this organization provides sound business and investment advice from experts in the field.
As China leads the rankings in this index, followed by India, Russia, and Brazil, small markets like Costa Rica have become increasingly competitive on the global business playing field. With low-cost labor, highly skilled and educated workers, all supported by a universal health care system, Costa Rica is becoming less dependent on its natural resources and agriculture, and stepping up to go toe-to-toe with multinational giants in services and manufacturing. These emerging markets are projected to constitute 50% of the world's GDP by 2020, and foreign investors are driving that growth. The index is compiled using 13 variables within 3 categories: overall integrity, global image, and global integration. These 3 criteria are practically taken out of the Costa Rican government's playbook on political strategies and economic incentives to attract further foreign investment.
With estimates from Ernst & Young predicating 70% of global growth to come from emerging markets such as Costa Rica, these nations are attracting just short of 50% of global inflows of FDI (foreign direct investment), representing 25% of FDI outflows. With numbers as impressive as these, and a "rising tide raises all boats" foreign investment strategy, small markets like Costa Rica are on for the ride and showing that this small country has big potential.
Contact: 2 Costa Rica Real Estate
Tel. 916-226-9077 USA / 506-8875-4111 Costa Rica
Tel. 866-403-1345 Toll Free
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