A strategic location is key to business success. Zona Franca Grecia, located within the Costa Rica Green Valley project, meets several key characteristics that make it an ideal place for business development.
In addition to Costa Rica’s incredible landscapes, lush mountains, and sustainable development, investing companies can leverage the following three advantages that the Zona Franca Grecia offers:
1. Convenience to Points of Interest: Via Route 1, Zona Franca Grecia is only 17.5 miles(approximately 20 minutes) from Juan Santamaría International Airport; there are alsoalternate routes available, such as route 230 (Naranjo-Grecia-Alajuela) and route 233 (Grecia-Poás). Likewise, it’s located 41.8 miles from Costa Rica’s Pacific port of Puerto Caldera, which is one of the largest and most important commercial-use ports in the country. Zona Franca Grecia is also just 120 miles from the Caribbean’s APM Terminals.
Regarding transportation, 13 routes serve the area and connect the surrounding cantons to strategic points throughout the country. It’s important to highlight the extensive route network that allows for interconnection between districts and facilitates movement of people and transportation, both of raw materials and finished products ready for export.
2. It Offers Differentiated Tax Incentives: Costa Rica's tax incentives create a solid framework to achieve return on investment. In addition, companies within the Grecia Free Zone enjoy even greater incentives, thanks to its location outside the Greater Metropolitan Area (GAM). Companies with investments of more than $10 million and 100 employees receive benefits such as a 100% tax exemption in perpetuity, 100% income tax exemption during the first 12-year period, and a 50% exemption for the following 6-year period; additional 12-year terms may be granted, if reinvestments are made.
3. Human Talent: The area’s workforce is one of the best. Consider that the total population is 617,361 people and of these, 432,085 belong to the active population group. The region’s inhabitants enjoy an excellent quality of life and a high human development index, which indicates that many have received a professional education and are skilled in technical fields.
Likewise, the region boasts 18 technical high schools, 10 National Learning Institute (INA) campuses, and 14 university campuses. Primary areas of knowledge include the economic sciences (28%), engineering (20%), education (14%), computer science (11%), and other (27%). Another important aspect to consider is the workforce’s level of English: 49.9% are at Level A1 – A2, while the remaining 50.1% record Levels of B1 – C2.
All this adds up to the fact that Zona Franca Grecia offers a prosperous and growing business environment, which increases business success on the global market.
For more information, please visit our websites at https://www.greenvalley.co.cr/ and https://www.portafolio.cr/.