Costa Rica Geography, Economy, and Culture

Costa Rica has coastlines on the Pacific Ocean and Caribbean Sea and has borders with Nicaragua to the north and Panama to the south. It is a prosperous and politically stable country in the Central American region, enjoying one of the highest standards of living in the area.

Costa Rica’s rich biodiversity makes it a popular destination for eco-tourists who clock to it for its beaches, mountain ranges, volcanoes and varied wildlife. Traditionally a producer of agricultural goods such as coffee and bananas, its economy has diversified and tourism now ranks as the country’s number one contributor to the nation’s economy.

2021
April 1Maundy Thursday
April 2Good Friday
April 11Battle of Rivas
May 3Labor Day / May Day
July 26Annexation of Guanacaste
August 2Our Lady of Los Ángeles
August 15Mother’s Day
September 13Independence Day
November 29Day of Abolition of the Army
December 25Christmas Day
  • S.A. (Sociedad Anónima)
  • S.R.L. or Ltda. (Sociedad de Responsabilidad Limitada)
  • Corporate Tax: 30%
  • Income Tax (Lowest Marginal Rate): 0%
  • Income Tax (Highest Marginal Rate): 25%
  • VAT/GST/Sales Tax: 13% (standard rate), 4% (private healthcare and plane tickets), 2% (medicines and private education), 1% (essential foods and agriculture)
  • Banco Central de Costa Rica (Local Bank)
  • Banco Cathay de Costa Rica (Commercial Bank)
  • HSBC Costa Rica (Commercial Bank)
  • Banco Uno; owned by Citigroup (Commercial Bank)
  • BAC San José; owned by GE Capital (Commercial Bank)
  • Banco Improsa (Commercial Bank)
  • Banca Promérica (Commercial Bank)
  • Banco Lafise (Commercial Bank)
  • Banco BCT (Commercial Bank)
  • Scotiabank (Commercial Bank)
  • Banco Cuscatlan; owned by Citigroup (Commercial Bank)
  • Davivienda (Commercial Bank)
  • Banco de Costa Rica (State Bank)
  • Banco Nacional de Costa Rica (State Bank)
  • Banco Crédito Agrícola de Cartago (State Bank)
  • BICSA (State Bank)

Aadmi can support you with your expansion to Costa Rica. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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