Costa Rica- Business News and Updates


Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Q&A with experts, and more.

Overview: Trade Relations Between the United States and Costa Rica

Overview: Trade Relations Between the United States and Costa Rica

The United States and Costa Rica have maintained a relatively close trade relationship throughout its history. According to the Embassy of the US in Costa Rica, this relationship was born in 1851 and reinforced in 1852, when the “Treaty of Friendship, Commerce and Navigation” between both countries came into effect. Interactions between both countries cover diverse trade matters and allow them to benefit and strengthen their commercial and diplomatic relations. Costa Rica receives from the US...

August 2020 Regulatory Update: South and Central America

August 2020 Regulatory Update: South and Central America

Our legal and accounting professionals report notable regulatory updates for August 2020. At Biz Latin Hub, our team of accounting and legal professionals operating across key markets in Latin America report the following notable regulatory updates for August 2020 in Argentina, Bolivia, Costa Rica, Ecuador, El Salvador and Panama. We enable foreign companies operating in Latin America to comply with all their corporate legal, accounting, and tax obligations to ensure their ongoing success and...

Produce Exports in Costa Rica Show Promising Future

Produce Exports in Costa Rica Show Promising Future

Although Costa Rica is a small country, it is considered as one of the most attractive destinations in Central America for foreign investment. Costa Rica holds a strategically advantageous geographic location, with ease of access to the main economic powers in the region through comprehensive maritime logistics. The country has been no stranger to the economic impact of Covid-19 on certain industries. However, there have been new recovery initiatives designed to positively reinvent . Where...

Key Developments for Fintech in Costa Rica

Key Developments for Fintech in Costa Rica

Fintech ecosystem in Costa Rica is rapidly evolving. Not only because technology is being applied to the finance sector, but because systems are being improved, becoming more efficient, equitable and accessible. Furthermore, Costa Rica is currently a center of technological convergence. Large shared services, IT, outsourcing and customer service companies turn to this country to make large investments. This is the product of Costa Rica’s political and democratic stability, its quality...

July 2020 Regulatory Update: South and Central America

July 2020 Regulatory Update: South and Central America

Our professionals report notable regulatory updates for July 2020. Biz Latin Hub’s team of legal and accounting specialists operating across all key markets in Latin America report the following notable regulatory updates for July 2020 in Bolivia, Brazil, Chile, Costa Rica, Guatemala, Mexico, Panama, Paraguay, and Uruguay. We support foreign companies in Latin America comply with all corporate regulatory compliance obligations to ensure their success in new markets. For more information on how...

Explaining Developments in Digital Tax in Latin America

Explaining Developments in Digital Tax in Latin America

Economies in Latin America are changing rapidly. One important regulatory development for many countries in the region is digital tax, because it captures services delivered online or electronically. The OECD claims that Latin American economies are making real progress to address the tax challenges arising from the digitization of the economy. This international entity also expects that further digital tax developments in Latin America provides stability and certainty in the international tax...

Nicholas Baker, Trade Commissioner & Counsellor Commercial at Austrade, Shares Insights on Australian Trade Connections and Opportunities

Nicholas Baker, Trade Commissioner & Counsellor Commercial at Austrade, Shares Insights on Australian Trade Connections and Opportunities

Dr Baker shares his insights on Austrade's new client services and trade opportunities in Latin America post Covid-19. This month, Biz Latin Hub’s Chelsea Heywood was privileged to connect with Dr Nicholas Baker, Trade Commissioner and Counsellor Commercial for Australia’s Trade and Investment Commission (Austrade), based in Mexico, Central America and the Caribbean. Dr Baker shares his insights on Austrade’s new client services and trade opportunities in Latin America post Covid-19. Learn...

Why Should US Companies Do Business in Costa Rica?

Why Should US Companies Do Business in Costa Rica?

There are multiple benefits for US companies doing business in Costa Rica. The country offers to foreign investors a politically stable environment, closeness to major cities in the world, and an international reputation that precedes it in education, tourism, technological, manufacturing and service matters. Plus, businesses have a number of options when expanding into the country. These attributes undoubtedly generate a powerhouse for US companies doing business in Costa Rica. In this...

What is the Nature of Canada-Latin America Relations?

What is the Nature of Canada-Latin America Relations?

Canadian companies looking to expanding their businesses should consider the opportunities available to them through strengthening Canada-Latin America relations. This means they ought to think about the commercial and bilateral trade and opportunities and agreements granted by the developing relationships between Canada and key Latin American markets. Canada-Latin America trade relations have been interlocked for many years and continue to promote and support each other in economic, social...

Colombia and Costa Rica Join the OECD: What Does This Mean?

Colombia and Costa Rica Join the OECD: What Does This Mean?

The Organisation for Economic Co-operation and Development (OECD) is an international organization with the aim of designing policies for a better way of carrying out development and economic co-operation. These policies would bring prosperity, equality, opportunities, and well-being for everyone. The OECD works with the organization’s member governments to set international standards to produce solutions too different social, economic, and environmental challenges. They are described as “a...

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