Costa Rica’s Zona Franca regime is administered by PROCOMER and offers the most comprehensive package of investment incentives available in the country. This guide covers eligibility, the application process, ongoing compliance obligations, and a complete breakdown of available benefits.
Who Can Apply
Manufacturing companies, service exporters (IT, BPO, shared services), and logistics companies all qualify. Minimum investment thresholds: $150,000 USD for service companies; $2,000,000 for industrial companies; reduced thresholds available for small and medium enterprises.
Available Benefits
Income tax exemption (100% for 10 years, 50% for 4 more years); zero import duties on inputs, equipment, and components; exemption from sales tax and selective consumption tax; exemption from real estate transfer taxes; and free repatriation of profits and capital.
The Application Process
Applications are submitted to PROCOMER. Required documentation includes: business plan, 5-year financial projections, employment plan, description of production/service process, and documentation of initial investment. Approval typically takes 60–90 days.
Ongoing Compliance
FTZ companies must file annual reports with PROCOMER demonstrating compliance with employment commitments, investment levels, and export percentages. Non-compliance can result in loss of benefits, so maintaining accurate records is essential.
Operating Within an Authorized Park vs. Stand-Alone
Companies can operate within an authorized industrial park (simpler — park operator handles much of the infrastructure) or as a stand-alone FTZ operator (more flexibility, but direct relationship with PROCOMER and more administrative burden).