Free Trade Zone in Caribbean to Break Ground

Source: www.Ticotimes.net

Promoters of the first free-trade zone in the Caribbean province of Limón will break ground this month. The free-trade zone, to be located in the community of Búfalo, will be large enough to host the manufacturing operations of 12 companies.

The free-trade zone will be administered by Guanazul JRV S.A.

The new zone comes after a December 2009 reform of the law governing areas that provide incentives such as tax breaks to attract companies to set up operations in less developed and less populated areas of the country. Most of the 247 companies operating in free-trade zones are based in the Central Valley.

Free-trade zones offer companies the opportunity to import and export goods without barriers such as quotas or tariffs. Countries use them to attract foreign investment, critical for developing countries like Costa Rica. In 2008, companies operating in free-trade zones in Costa Rica accounted for $4.98 billion in exports, more than 54 percent of the country’s total.

To start operations in the new Limón free-trade zone, a minimum investment of $100,000 is required.

Costa Rican President Laura Chinchilla recently said she aims to bring in $9 billion in foreign direct investment during her presidential term.

The nearest free trade zone for residents of The Village of San Buenas real estate development is located in Golfito. Golfito is an easy 1.5 hour drive from San Buenaventura.

Costa Rica, Laura Chinchilla

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The house and pool area are beautiful, just as pictured. Outside patio, grill area, and pool were great. We saw toucans, monkeys, all kinds of amazing birds. Inside the house was comfortable, AC worked great in the bedrooms, bathrooms were modern....

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Un pequeño paraíso…

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Un pequeño paraíso, una casa super bella y la piscina con un tamaño super cómodo para pasar un buen rato en familia o con amigos, el administrados Marco fue super atento con nosotros y hasta tuvieron el detalle de obsequiarnos unos Snacks a nuestr...

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I would highly recommend the house to anyone who prefers to be away from the hassle of motels and likes to enjoy absolute beauty.

We were so grateful to be able to stay in…

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March 5, 2023
We were so grateful to be able to stay in the treehouse! You literally felt like you were sleeping in the trees with the monkey’s. One of the days we didn’t even leave the house because there was a family of money that decided to take a nap above ...

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If you are an early riser, you will LOVE to wake and hear the birds chirping in the mornings. The villa is located in a secluded area, yet we still had easy access to get out to the community. It is surprisingly comfortable with just the ceili...

Excelente lugar familiar

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August 18, 2022
Un lugar bastante bonito para una estancia familiar o con amigos, zona amplia y los cuartos en excelente condiciones, la piscina es grande y puede estar un poco mejor con respecto al acabado de la misma, mi única observación para el lugar es que c...

Bonita lugar para desconectar , con cocina bien equipada. Se…

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October 10, 2022
Bonita lugar para desconectar , con cocina bien equipada. Se pueden observar numerosos animales como colibris, morphos, coaties , iguanas, patos, etc.No me ha gustado que puedan entrar al recinto animales del vecindario como perros y gatos. Mole...

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March 30, 2022
The condo is really excellent. It is a very comfortable place. Everything is new and works great. The kitchen is very well stocked. We really enjoyed the balcony overlooking the golf course. It is an excellent week long home in a great location.

Wonderful stay in Dominical

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We had a wonderful stay in Dominical. We have three kids - there is plenty of room inside and outside. Beautiful home and well appointed and easy communication

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El lugar es simplemente espectacular! Son hermosas vistas a donde…

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July 27, 2020
El lugar es simplemente espectacular! Son hermosas vistas a donde quiera que uno vea. La casa es divina. Los anfitriones súper dispuestos a ayudar y a informar. De los mejores lugares en que me he hospedado. Súper recomendado

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December 22, 2020
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Absolutely felt right in with the jungle! Only downside is we weren’t warned about the massive insects so had to run through thousands at night. So keep outside lights off at night. Otherwise WOW! I have never felt so embraced into nature and love...

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This contemporary home checks all the boxes needed for a luxurious Costa Rican vacation. Home is so well thought out with views from every single room; even the commode rooms have views! Beds are comfortable. Kitchen is well appointed. Pool and ho...

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Josh F
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October 7, 2022
Beautiful villa with more than enough room for our large family. We could spend all day lounging out back in the infinity pool treated with gorgeous sunsets and views of the Pacific Ocean. Loved the wildlife esp the toucans! Will definitely be back!

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If you are an early riser, you will LOVE to wake and hear the birds chirping in the mornings. The villa is located in a secluded area, yet we still had easy access to get out to the community. It is surprisingly comfortable with just the ceili...

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August 28, 2020
Nice relaxing retreat close to everything

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Muy linda casa, muy bien equipada, super aseada y cerca de playas, restaurantes y supermercado.

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March 24, 2022
Beautiful oasis near the beach and restaurants. Louey gave 5 star service from the start. He was very communicative and responsive during booking and leading up to our visit. The home was in a great location, very clean, and had all the amenities ...

Casa Cusinga

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Excellent experience in the small community of San Buenas! The house is nestled up against the jungle, with lost of wildlife and nature to enjoy! The design of the house makes you feel like you are one with nature! Monkeys, Birds, Butterflies, li...

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July 22, 2021
Great place to stay. Relaxing!

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