Free Zone Regime Law

The Free Zone Regime Law constitutes the regulatory framework that establishes the set of incentives and benefits that the Costa Rican State grants to companies making new investments in the country, dedicated to the manipulation, processing, manufacturing, production, repair and maintenance of goods and provision of services primarily intended for export. It defines free zones as delimited areas, without resident population, where companies benefiting from the regime are established, and establishes a minimum initial investment of US$150,000 in fixed assets. It creates an institutional structure to supervise and administer the regime, granting fiscal and customs exemptions, and establishing obligations and sanctions for beneficiary companies, with special emphasis on promoting investments outside the Greater Metropolitan Area (GAM).