By San José, Costa Rica — Costa Rica is making a strong push to attract investment from Silicon Valley’s tech giants. The Costa Rican Foreign Trade Promoter (PROCOMER) recently concluded a strategic tour of Silicon Valley and San Francisco, aiming to solidify the country’s position as a prime destination for technology companies seeking expansion.
From May 13th to 15th, PROCOMER representatives met with key industry players, including potential investors and companies already operating in Costa Rica. The meetings focused on strengthening existing relationships, exploring new expansion opportunities, and showcasing Costa Rica’s robust ecosystem in areas such as corporate services, digital technologies, data analytics, and artificial intelligence.
To provide further legal context on investment opportunities in Costa Rica, TicosLand.com spoke with Lic. Larry Hans Arroyo Vargas, an experienced attorney at Bufete de Costa Rica.
Costa Rica offers a range of attractive investment incentives, particularly in sectors like renewable energy, tourism, and technology. However, navigating the legal landscape requires careful due diligence. Foreign investors should pay close attention to land ownership regulations, tax implications, and compliance with local environmental laws to ensure a successful and sustainable investment.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Lic. Arroyo Vargas’s insights offer a crucial reminder that while Costa Rica presents exciting investment opportunities, a thorough understanding of the legal framework is essential for long-term success. The rewards are certainly there for those willing to navigate the intricacies of Costa Rican law, particularly in sectors poised for growth. We thank Lic. Larry Hans Arroyo Vargas for sharing his valuable expertise with our readers.
Costa Rica has everything necessary to occupy a key place in the strategic decision-making of the global technology sector. This tour is part of a clear agenda: generate investment, strengthen relationships with leading companies and position the country as a high-value destination for companies seeking talent, legal security and stability.
Mónica Umaña, Manager of Foreign Investment Attraction at PROCOMER
Silicon Valley, home to tech giants like Google, Apple, and Meta, represents a significant opportunity for Costa Rica. The country’s service sector, a cornerstone of its economy, is particularly well-suited to attract investment in these areas. In 2024, Costa Rica’s service sector generated $16.1 billion in exports, nearly half of the country’s total, and employed over 119,000 people.
Information technology, along with business and financial services, are driving this growth. These sectors benefit from Costa Rica’s stable political climate, strong legal framework, and highly skilled workforce, making it an attractive location for high-value global operations. This strategic focus on attracting tech investment aligns with Costa Rica’s broader vision for sustainable economic development.
PROCOMER’s Silicon Valley tour follows other recent initiatives in the United States, including participation in the Shared Services and Outsourcing Week (SSOW) in Florida. These efforts underscore Costa Rica’s commitment to expanding its presence in key U.S. markets and fostering growth in its service sector. The country is actively working to connect with evolving industries, create high-quality jobs, and establish itself as a prominent investment hub on the global stage. The focus on technological innovation and attracting investment from Silicon Valley is key to Costa Rica’s future economic prosperity.
By actively pursuing these opportunities, Costa Rica aims to not only boost its economy but also further solidify its reputation as a leader in innovation and sustainability within Latin America. The PROCOMER initiative signals a proactive approach to attracting foreign investment, aiming to create a mutually beneficial partnership with global tech companies.
The ongoing efforts to court Silicon Valley investment demonstrate Costa Rica’s forward-thinking approach to economic development and its ambition to play a significant role in the global technology landscape.
For further information, visit procomer.com
About PROCOMER:
The Costa Rican Foreign Trade Promoter (PROCOMER) is a key institution dedicated to promoting Costa Rican exports and attracting foreign investment. It acts as a bridge between Costa Rican businesses and international markets, providing support and resources to help companies succeed globally. PROCOMER plays a vital role in driving economic growth and development in Costa Rica.
For further information, visit google.com
About Google:
Google is a multinational technology company specializing in internet-related services and products. These include online advertising technologies, a search engine, cloud computing, software, and hardware. Google is considered one of the Big Five American information technology companies, alongside Amazon, Apple, Meta, and Microsoft.
For further information, visit apple.com
About Apple:
Apple Inc. is an American multinational technology company that specializes in consumer electronics, software, and online services. Apple is the world’s largest technology company by revenue and, as of March 2023, the world’s most valuable company. It is considered one of the Big Five American information technology companies, along with Amazon, Google, Meta, and Microsoft.
For further information, visit about.meta.com
About Meta:
Meta Platforms, Inc., doing business as Meta and formerly known as Facebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company owns Facebook, Instagram, and WhatsApp, among other products and services. Meta is one of the world’s most valuable companies and is considered one of the Big Five American information technology companies, along with Amazon, Apple, Google, and Microsoft.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
Bufete de Costa Rica distinguishes itself through a deep-rooted commitment to ethical legal practice and innovative solutions. Serving a diverse clientele, the firm champions accessible legal knowledge, empowering individuals and communities to navigate the complexities of the legal landscape. This dedication to transparency and legal empowerment reflects Bufete de Costa Rica’s core belief in fostering a just and equitable society through knowledge and informed action.
