Tuesday, August 12, 2008

Why invest in Costa Rica?

Costa Rica is the oldest democracy in Central and South America with the Pacific Ocean to the West and Caribbean to the East.

Costa Rica shares Central America with Panama, Nicaragua, Honduras, El Salvador, Guatemala and Belize

It was the first country in the world to constitutionally abolish it’s army and is an American protectorate.

The economy has been growing at 7% pa, with major inward investment via big multinationals such as Hewlett Packard, Intel, Microsoft, Abbott Laboratories, Merck Sharpe and Dome

The population is 4 million, of which 96% are literate – one of the highest literacy rates in the world, with more teachers than police

5% of the worlds biodiversity can be found in Costa Rica (i.e. 1 in 20 of all living organisms), and NASA described it as having the best climate in the world – with average temperatures of 25-30 degrees

The country is ranked 5th – 2008 Environmental Performance Index with over 25% of Costa Rica declared a protected nature reserve

There is a $1.9 billion pa tourism industry, with many American celebrities choosing Costa Rica for their pad – such as Oprah Winfrey, Bruce Willis, Leonardo DiCaprio, Lisa Marie Presley.

Land prices in Costa Rica have shot up in recent years driven by
  • massive demand from mainly American holiday makers looking for their little piece of paradise, in this beautiful stable country
  • foregin inward investment from multinational companies

In the best areas land has doubled year on year over the past 5 years. Of course this land price has started from very low price levels, but these increases will not be sustained forever, so invest now and benefit from the land price increases while you can!!

Read a BBC News profile of Costa Rica here.

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