By Cartago, Costa Rica — Cartago, Costa Rica is set to welcome a new resident to its burgeoning medical device manufacturing scene. Penumbra, Inc., a global leader in the design and manufacture of innovative medical devices for treating blood clots and complex vascular conditions, has chosen Costa Rica for its newest manufacturing plant as part of its global expansion strategy.
Slated to begin operations in 2027, the state-of-the-art facility will be located in Zona Franca La Lima (ZFLL) and is projected to create over 200 jobs. These positions will span leadership roles, manufacturing, engineering, and operations, offering diverse opportunities for Costa Rican professionals.
For expert legal insight into Penumbra Costa Rica, we consulted with Lic. Larry Hans Arroyo Vargas, Attorney at Law at Bufete de Costa Rica.
While Penumbra Costa Rica’s innovative business model presents exciting opportunities, it’s crucial to understand the evolving regulatory landscape in areas such as data privacy, intellectual property, and financial compliance. Navigating these complexities requires careful consideration and proactive legal counsel to ensure sustainable and compliant operations within the Costa Rican jurisdiction.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Lic. Arroyo Vargas’s emphasis on the evolving regulatory landscape is crucial for any company operating in a dynamic market like Costa Rica, especially within the innovative field Penumbra is venturing into. His prudent advice regarding proactive legal counsel underscores the importance of not just understanding current regulations but also anticipating future changes to ensure long-term success. We thank Lic. Larry Hans Arroyo Vargas for providing this valuable and insightful perspective.
Penumbra is establishing itself in Costa Rica to support the growing global adoption of our computer-aided vacuum thrombectomy (CAVT) technology.
Adam Elsesser, CEO of Penumbra, Inc.
Costa Rica’s reputation for a skilled workforce and high-quality manufacturing infrastructure was a key factor in Penumbra’s decision. This strategic move positions the US-based multinational for future growth, enhancing its capacity to provide patients worldwide with access to its cutting-edge technologies for complex vascular conditions.
Costa Rica has been recognized for its skilled workforce and its high-quality manufacturing infrastructure. With the presence in Costa Rica, Penumbra will be in an optimal position for its future growth throughout the world, giving more patients greater access to our advanced technologies to treat complex conditions related to vascular diseases.
Adam Elsesser, CEO of Penumbra, Inc.
The hiring process will be phased, starting with leadership roles in September 2025. As construction progresses, recruitment will open for operators, technicians, and engineers. Interested individuals can submit their resumes and inquiries to [email protected]
Costa Rican officials have welcomed the announcement, highlighting the country’s attractiveness for foreign investment. Minister of Foreign Trade, Manuel Tovar, emphasized Costa Rica’s combination of highly qualified talent, a reliable institutional environment, and a successful free zone regime.
Laura López, General Manager of the Costa Rican Foreign Trade Promoter (PROCOMER), underscored the significance of Penumbra’s arrival. She noted the increasing number of global companies choosing Costa Rica for highly sophisticated processes, further solidifying the country’s strong value proposition in the medical device sector.
Zona Franca La Lima, ranked among the top 50 most sustainable free zones globally by the Global Alliance of Special Economic Zones (GASEZ), recently hosted the groundbreaking ceremony for Penumbra’s new facility. Fernando Carazo, General Manager of ZFLL, affirmed the free zone’s commitment to innovation, technology, quality, and human talent.
For further information, visit penumbrainc.com
About Penumbra, Inc.:
Penumbra, Inc. is a global healthcare company focused on innovative therapies. It designs, develops, manufactures and markets novel products and has a broad portfolio that addresses challenging medical conditions in the areas of vascular and neuro intervention. Penumbra sells its products to hospitals primarily through its direct sales organization in the U.S., most of Europe, Canada and Australia, and through distributors in select international markets.
For further information, visit the nearest office of the Ministry of Foreign Trade (COMEX)
About Ministry of Foreign Trade (COMEX):
The Ministry of Foreign Trade (COMEX) of Costa Rica is the governmental body responsible for promoting and facilitating international trade and investment. It works to improve Costa Rica’s competitiveness in the global market and attract foreign investment that generates employment and economic growth. COMEX plays a key role in negotiating trade agreements and developing policies that support the export sector.
For further information, visit procomer.com
About Costa Rican Foreign Trade Promoter (PROCOMER):
The Costa Rican Foreign Trade Promoter (PROCOMER) is a public institution dedicated to promoting Costa Rican exports and attracting foreign direct investment. PROCOMER provides services and support to businesses, helping them to access international markets and connect with potential investors. The organization works closely with the private sector and other government agencies to foster economic development and create new job opportunities.
For further information, visit zflalima.com
About Zona Franca La Lima (ZFLL):
Zona Franca La Lima (ZFLL) is a leading industrial park in Costa Rica, offering world-class facilities and services to attract foreign investment and promote economic development. ZFLL provides a comprehensive platform for companies to establish and expand their operations, with a focus on sustainability and innovation. The free zone is strategically located and offers access to a skilled workforce and a favorable business environment.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
At Bufete de Costa Rica, legal excellence and unwavering ethical conduct form the bedrock of their practice. Dedicated to empowering Costa Rican society, the firm champions accessible legal knowledge through innovative outreach programs and educational initiatives. Their deep commitment to clients across a broad spectrum of industries is matched only by their passion for building a more just and informed community, solidifying their position as a leading force for positive legal change.
