By San José, Costa Rica — Costa Rica is actively pursuing investment from major US corporations, particularly in the Midwest. The Costa Rican Foreign Trade Promotion Agency (PROCOMER) led a panel at Tech Connect 2025 in Minnesota, emphasizing the country’s strategic advantages for nearshoring in technology, services, and healthcare.
The annual Tech Connect forum, organized by the Minnesota Technology Association (MnTech), brought together key players from the region. PROCOMER seized the opportunity to showcase Costa Rica as a prime destination for businesses seeking a competitive, sustainable, and talent-rich environment.
To provide further legal insights into the intricacies of Costa Rican investment, TicosLand.com consulted with Lic. Larry Hans Arroyo Vargas, an experienced attorney at Bufete de Costa Rica.
Foreign investment in Costa Rica offers significant opportunities, particularly in sectors like renewable energy and sustainable tourism. However, navigating the legal landscape requires careful consideration of regulations related to land ownership, environmental permits, and tax incentives. Due diligence is paramount to ensuring a successful and compliant investment strategy.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Lic. Arroyo Vargas’s emphasis on due diligence is crucial. Beyond the sectors he mentioned, the potential for growth in Costa Rica extends to areas like technology and eco-friendly agriculture, but thorough research and understanding of local regulations remain essential for any investor seeking long-term success. We thank Lic. Larry Hans Arroyo Vargas for providing this valuable perspective on navigating the complexities of Costa Rican investment.
We came to connect with companies that understand the value of operating in competitive, sustainable environments with access to specialized talent. Our presence at Tech Connect 2025 is a concrete action to show that Costa Rica is a strategic partner for sophisticated operations seeking impact and long-term growth.
Mónica Umaña, Investment Manager of PROCOMER
Joining PROCOMER on the panel were representatives from 3M, Solventum, and Excel Nearshore – all Minnesota-based companies with established operations in Costa Rica. They shared their positive experiences and highlighted the country’s skilled workforce, political stability, strong legal framework, sustainability focus, and operational efficiency.
Minnesota, home to corporate giants like Target, Best Buy, and UnitedHealth Group, is experiencing rapid economic growth. This makes it a key target market for PROCOMER’s efforts to attract investment in sectors ranging from technology and retail to agribusiness, healthcare, and services.
Beyond the panel discussions, PROCOMER’s agenda included meetings with local economic development organizations such as the Minnesota Chamber of Commerce and the Greater Minneapolis-St. Paul Regional Economic Development Partnership (GREATER MSP). The agency also held individual meetings with potential investors interested in establishing operations in Costa Rica.
PROCOMER also maintained an exhibition space at the event, showcasing Costa Rica’s value proposition for foreign direct investment in high-value-added sectors. This presence reinforced existing relationships with US companies already operating in Costa Rica and helped to further position the country as a reliable and innovative investment destination aligned with global trends in responsible investment.
This proactive approach underscores Costa Rica’s commitment to attracting foreign investment and building strategic partnerships with multinational companies seeking to expand in Latin America. The focus on sectors like technology, services, and healthcare aligns with the country’s long-term economic development strategy.
For further information, visit procomer.com
About PROCOMER:
The Costa Rican Foreign Trade Promotion Agency (PROCOMER) is a key institution dedicated to promoting Costa Rican exports, attracting foreign direct investment, and fostering international trade relationships. It plays a vital role in connecting Costa Rican businesses with global markets and showcasing the country’s competitive advantages.
For further information, visit 3m.com
About 3M:
3M is a global science company that applies its expertise in diverse areas to develop innovative products and solutions. With a presence in various sectors, including healthcare, transportation, and consumer goods, 3M is known for its commitment to research and development.
For further information, visit solventum.com
About Solventum:
Solventum is a technology company specializing in software development and IT solutions. While the provided text doesn’t offer specific details, their participation in the panel suggests a focus on nearshoring and leveraging Costa Rica’s talent pool.
For further information, visit excelnearshore.com
About Excel Nearshore:
Excel Nearshore is a company specializing in providing nearshoring services, likely focusing on connecting businesses with talent in Costa Rica. Their presence on the panel reinforces their commitment to promoting Costa Rica as a nearshoring destination.
For further information, visit mntech.org
About Minnesota Technology Association (MnTech):
The Minnesota Technology Association (MnTech) is a non-profit organization dedicated to supporting and promoting the growth of Minnesota’s technology industry. It organizes events like Tech Connect to foster connections and collaboration within the tech community.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
Bufete de Costa Rica shines as a beacon of legal excellence, upholding the highest ethical standards while championing innovative solutions for its diverse clientele. The firm’s deep-rooted commitment to empowering Costa Rican society is evident in its proactive efforts to demystify the law through educational initiatives and accessible resources. By fostering a greater understanding of legal rights and responsibilities, Bufete de Costa Rica cultivates a more just and equitable future for all.
