Why Playa Hermosa
Located less than 2 hours from the international airport, Jaco/Hermosa is the closest beach destination to San José and offers the most consistent surf break in Costa Rica offering year round, world class conditions. The once small surf destination has quickly become one of the best selling real estate destinations due to very well priced homes and lots with surfing right out the front door.
This area is perfect for those looking for a vacation home, and investment income. We have homes, condos, as well as development land available. With plans for a new road from San José which will cut the drive time down to just over 1 hour, this is a very solid investment region. This area is home to the world class Marriott Los Suenos resort, which has brought the only full service marina south of Mexico prior to Panama.
This resort has obviously brought an entirely different investor to the area seeking full service resort facilities and is host to hundreds of first class condos, million dollar home sites, etc…There is an 18-hole golf course, several restaurants, marina and condos start in the $500’s with home sites starting at $900,000 and finished homes starting at $2MM.
The town of Jaco is the commercial center and hub for the surrounding areas providing a very advanced and complete infrastructure including banks, restaurants, bars, shops, supermarkets, pharmacies, etc…There are currently a number of condo projects underway in the area providing ocean views, or direct beach access all of which are selling tremendously fast! There are plenty of opportunities in this area for any type of investment, but you need to act fast while prices are still accessible.
CINDE (Costa Rican Investment Board)
Costa Rica:
- Area: 51,000 sq. km
- Capital: San Jose
- Ports in the Atlantic and Pacific Oceans
- Less than 240 km between the two coasts
- Strategic Location: At the center of the Americas
- Time zone similar time central USA
- 2:50 hour flight to Miami
- Duty-free access to US Through the ICC
Strategic Market Access:
- Free access taxes:
- United States of America through the ICC
- Mexico Canada
- Central America
- Chile
- Dominican Republic
- By signing
- Preferential Access
- Europe and Asia through the GSP
- Letters of Intent
- Trinidad & Tobago
Political Stability:
Tradition of peace and stability
Government
- Over a hundred years of democracy
- 3 independent powers
- Periods presidential 4 years
Population:
- Population 2007: 4.1 million
- 15 to 35 years: 34.2%
- Workforce 2003: 1.7 million
- Unemployment in July 2003: 6.7%
- Underemployment July 2003: 8.3%
- System universal health and education
- Pillars for national stability
- 6.5% of GDP devoted to education
Population statistics:
- Life expectancy: 78.1 years
- Percentage of households with drinking water: 95%
- Access to telephone services: 92%
- Percentage of households with electricity: 92%
- Coverage of public health services: 90%
- Infant mortality similar to industrialized countries: 9 1000
Education:
- Universal, free and compulsory since 1870 (the first in Latin America)
- Elementary schools focused not only on reading and writing
- Laboratories computing 50% of primary schools and 100% of the secondary
- Teaching English in 50% of schools
- Training centers:
- Technical Colleges
- Foundations university
- INA Free Training spot
- CEFOF: Centre to train coaches
- Universities including HBS / INCAE: 50 (46 private, public 4)
- R & D centers globally recognized
Workforce:
- Fast learning
- High productivity
- Pro workplace: non-union (Solidarismo)
What they say ...
"Costa Rica continues to be for us a strategic location and our best products are manufactured here. I think that speaks for itself. "
Paul Otellini, Intel Corporation President and COO
"The significant investment made by the government and people of Costa Rica in education and infrastructure, have made the country an excellent location for manufacturing high-quality products."
Bourns Gordon, CEO Burns Inc.
"From the home of the project, I found benefits such as an abundant supply of highly educated manpower, and easily motivated capacitable, eager to demonstrate their skills. A stable government, good infrastructure, a positive environment for business and a quality of life that is not found elsewhere in the world. "
Greg Crane, CEO, Inamed Costa Rica
Attractive Investment Environment:
- Foreigners have no restrictions on the ownership and can lead business activities freely
- Foreigners have equal constitutional rights and obligations
- Free repatriation of capital or funds
- Laws of intellectual property according to guidelines of the WTO
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Incentives for Investment:
- Minimum Investment:
- $ 150,000 within industrial park
- $ 2,000,000 out of industrial park
- Possibility of sale to exporters within the country and up to 25% of production in the local market.
- Outside the metropolitan area provides:
- Training program subsidized
- Rate preferential electricity
Regime Refining Assets:
- Suspension of 100% import duties on:
- Raw materials
- Components
- Packing materials and packaging
- Machinery and equipment
- Not applicable minimum amount of investment
- Payment proportional tax sales to Central American markets
- Procedure:
- Apply PROCOMER
- Registration with the General Customs Directorate
Great Potential:
- 3rd place within the Potential of Technology Leaders according to the Human Development Report of the United Nations, 2001.
- The leader in high-tech exports (2001).
- One of the six countries most successful in attracting and utilization of FDI according to the UNCTAD World Investment Report, 2002.
Infrastructure:
- Industrial Parks
- Areas designated for businesses under Zone
- Property administered by the private sector
- Available services:
- Customs
- Health
- Security
- Maintenance
- Nursery
- Garbage removal, etc.
- Water and Electricity:
- Availability of abundant water
- Electricity sufficient and reliable
- Hydroelectric, geothermal and others.
- Installed capacity of 1,701 MW
- Approximate cost: 7 cents to $ 11 per kW / hour fare Industrial
- Rate average total consumption / kW / hour
- Mains power redundant
- Transportation
- Ports on both coasts
- Service 24 lines maritime cargo
- Main Airport located 15 kilometers from San Jose
- Rates competitive shipping to the USA, Europe and Asia
- Road network of 35,705 km. (22,186 miles)
- Telecommunications
- Marked direct World
- Digital Services
- Network fiber optic redundant
- Direct access through fiber optic cables by Maya 1 and ARCOS
Quality of Life:
San Jose is a city with the best quality of life in Latin America according to the Intelligence Unit of The Economist "(2002) The index was 22% below the average of the study (27.3%) and well below the regional average of 35.6% This study also highlights Costa Rica as the country with democracy stronger and uninterrupted.
Assistance Free Cinde:
- Assistance to investors from its offices in New York, California and Costa Rica
- Active promotion of foreign investment, local support services and post establishment
- Support for new projects and reinvestment
Costa Rica in brief:
- Workforce educated, skilled, capacitable easily at a reasonable cost
- Stability social, political and economic
- Guarantees legal predictability and economic freedom
- Strategic location in the center of the Americas, with hours similar to the slot in central U.S.
- Infrastructure to direct for export
- Preferential access to major markets
- Incentives attractive
- Companies worldwide recognition in the country
- Attendance professional free by CINDE
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