Flexibility in the Free Trade Zone Regime: Adapting to New Realities Over the years

The Free Trade Zone Regime has consistently proven its ability to adapt to the evolving landscape of international trade. Originally created to support product exports, it now supports a diverse range of sectors including innovative service companies, research centers, specialized human health facilities, sustainable adventure parks, and the film industry.

A Key Driver of the Costa Rican Economy

The free trade zone regime plays a vital role in Costa Rica’s economic development. To attract more foreign investment and enhance national competitiveness, various strategies have been explored—such as the Global Minimum Tax proposal, where this regime is expected to make a strategic difference. One notable sector is audiovisual production, a dynamic and expanding industry that contributes significantly to a broad and integrated value chain.

Embracing the New Industrial Revolution

We are currently living a new industrial revolution, driven by technologies such as Artificial Intelligence (AI), Virtual and Augmented Reality (VR/AR), robotics, quantum computing, cybersecurity, and digital transformation. These advancements enable both small and large companies to scale operations, form partnerships, and modernize processes—ultimately generating employment and boosting technological competitiveness.

Strengthening Talent Through Education

Costa Rica’s most valuable asset is its human talent. With a bilingual and highly specialized workforce, the country has invested heavily in STEM education from early schooling through higher education. This focus ensures the development of the technical skills demanded by global investors and tech-driven industries.

Becoming the Silicon Valley of Latin America

Since Intel’s arrival in the 1990s, Costa Rica has maintained a strong presence in the semiconductor industry. Today, with the support of a strategic alliance with the United States government, Costa Rica is positioning itself as the next Silicon Valley of Latin America, ready to welcome top-tier international technology companies.

Competitive Location and Business Environment

Costa Rica’s strategic geographic location offers advantages for distribution and logistics throughout the Americas. Combined with breathtaking landscapes in six regions and a well-established network of local and international suppliers, the country provides a comprehensive environment for business growth.

Conclusion

Costa Rica continues to support and strengthen its flexible free trade zone regime, recognizing it as a cornerstone for sustainable investment, technological advancement, and talent development.

Disclaimer: The information provided in this blog post is for general informational purposes only and is not intended to constitute legal advice. While we strive to ensure the accuracy and timeliness of the content, laws and regulations are subject to change. For the most accurate and up-to-date information, please contact our office directly. Some images may be AI generated.