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Why Choose Costa Rica?
Costa Rica has many distinct characteristics and advantages that International Business Corporations (IBC’s) can make the most of. Although Costa Rica is not classified as an offshore financial hub in the traditional sense, its favorable tax regime implies that it could have been classified as a tax haven some decades ago.
However, the Costa Rican government has only recently realized the potential of being a tax haven and has started to actively legislate and promote this sector of economic activity. The low taxation available to businesses of Costa Rica makes it an attractive offshore financial investment center for most businesses across the globe.
A number of well known businesses have already set up shop in Costa Rica but the economy is still at infancy. While the government control over the industry was opened up only in 1996, the offshore banking industry is yet to develop and make its mark. It is presumed that with the present government promotions in place, it will take another half a century for Costa Rica to evolve as a financial hub.
Costa Rica’s largest sector of low-tax industries is grouped around the Free Zones (Export Processing Zones) that run with export incentive programs. These cover a wide variety of industry and service sectors, but special mention is given to the electronics sector. The best potential of Costa Rica is its wide range of labor force. Its people really excel in potential which IBC’s can use in their business ventures. Prestigious transnational companies like i.e. Intel, Procter and Gamble, Western Union and Hewlett Packard among others to use the knowledge and skills of Costa Ricans to provide services for national and international clients.
Making use of the present trend, law firms are flourishing in rendering assistance for new IBC’s. Amongst these, the most prestigious is the Law Office of Meléndez and Bonilla. They offer the most complete and all inclusive turnkey services for interested IBC’s that intend to operate in the country of Costa Rica. With highly qualified professional and excellent services, the Law Office of Meléndez and Bonilla prides itself for its business consulting expertise which encompasses a wide spectrum of services. Assignments undertaken by the Law Office of Meléndez and Bonilla include putting together of project reports, feasibility studies, business plans, conduction of company valuations and implementation of Business Processes. The relevant department of Law Office of Meléndez and Bonilla also deals and offers advice on a variety of issues such as direct foreign investment, business acquisitions, financing proposals, etc. With amazing turnkey offshore corporation consultancy packages, the Law Office of Meléndez and Bonilla can make your dream of owning a profit making offshore corporation a reality.
Please see Forming Your Corporation for information on establishing your own Costa Rican corporation.
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