There are many things that separate Costa Rica from other off-shore locations.

Education

Costa Rica puts a tremendous amount of resources into the education of its young. The armed forces were abolished in 1948 and the monies previously spent are now directed to education. Schooling is compulsory to the 9th grade and the literacy rate is at 95.6%. There are 56 universities in a country of just over 4 million.

Costa Rica has the highest Labor Force Rating of all countries in Latin America. This rating includes training speed and productivity.  Because of this advantage, the local work force is able to comprehend and master difficult assemblies quickly and efficiently.

The population’s largest segment by far is made up of those under 30 years of age. This means a large number of available workers.

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Location

Costa Rica is in relatively close proximity to the U.S. with easy access by air or sea. The country is in the same hemisphere and the same basic time zone as the U.S. (between 1 – 2 hours from either coast depending on whether it is daylight savings or not).

Getting into Costa Rica by air is not a problem as most major carriers go there in addition to many direct flight options from major cities.

As the country is narrow, just under 200 miles across, receiving sea containers is also not a problem. Once a shipment arrives at port, we normally get them that same day.

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Pricing

Costa Rica has competitive labor pricing. Overall, the country has a lower cost structure than areas like Mexico, especially along the U.S./Mexican border.

And because there are no taxes of product going into or out of our Free Zone, overall price comparison becomes even more attractive compared with other sites.

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Stability

Costa Rica has a strong and fast growing economy. It is a democracy with its president serving a one four year term and with judicial and legislative branches. It is pro business and foreign investment is encouraged. Land purchased belongs to the buyer, either citizen or non citizen. It has one of the lowest risk rating of all countries in Latin America.

Foreign copyright laws are protected. There are few labor unions, primarily in the public sector.

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Other

Turnover – The countries turnover rate is approximately 7% and Tico Electronics is around 3%.

Land – When you buy property in Costa Rica, you own the land as well. There are no problems with 99 year lease disputes as in other off-shore areas.

Tax Free Zones – The country has duty free zones set up throughout the country.

Natural Disasters –Tico Electronics is located in Costa Ricas Central Valley at approximately 3,000 ft. above sea level and surrounded by mountains. Hurricanes in the Caribbean have no affect on this area other that an increase in rainfall.

Vacation – Costa Rica is a great vacation spot for many activities or just to relax. Whether you like golf, deep sea fishing, traveling through the canopy of tall trees, river rafting, horse back riding, surfing, ATV, etc… or just to lay on a beach, relax by a pool or spend time in a rain forest, Costa Rica offers a great place for business and pleasure.

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