 The Costa Rican Investment Promotion Agency, CINDE, is a private non-profit apolitical organization. It was founded in 1982 and in 1984 it was confirmed by the government to be of public interest. CINDE endeavors to advance the country's social and economic development by promoting foreign direct investment (FDI) into the country.
The Board of Directors and Associates represent both the private and business sectors of the country. The combined vision that both sectors bring forward has strengthened CINDE's ability to cope with market needs.
CINDE has promoted and facilitated the installation of widely recognized companies in the country including leading companies such as Intel, Baxter Healthcare, SYKES, Western Union, Remec, Procter & Gamble, Boston Scientific, CYTYC, Inamed, and Pycon, amongst others.
CINDE's effort to attract foreign direct investment has been acknowledged by several international entities, such as the Economic Commission for Latin America and the Caribbean (ECLAC), which has stated that "without a doubt CINDE, with few resources and tons of creativity, has been able to assimilate successful experiences from other latitudes, and has positively contributed to the modernization and development of Costa Rica." Another study conducted by the Inter-American Development Bank in September of 2003, stated that "CINDE's activity generated a change in the country's foreign commerce structure in conjunction with the establishment of investment incentives". In addition, the United Nations Conference of Trade and Development (UNCTAD) recognized and granted CINDE the classification of "Advanced Investment Promotion Agency" in its 2002 World Investment Report.
CINDE also actively participates in internationally recognized forums, which are related to the monitoring and promotion of foreign investment, and currently holds a seat in the steering committee of the World Association of Investment Promotion Agencies (WAIPA).
Vision:
To achieve sustainable growth in a number of foreign direct investment projects in areas that have proven to be competitive in Costa Rica, by generating income, employment, linkages, technological transfers and knowledge for the benefit of all Costa Ricans.
Mission:
To lead foreign direct investment, oriented towards exporting, in strategic areas for Costa Rica, through the country's positioning as an attractive investment location, with excellent and quality services for the investor, fostering a better investment climate as a facilitating agent and jointly working with related institutions and companies.
Values:
1. Integrity
2. Excellence through total quality.
3. Respect
4. Commitment
5. Initiative, pro-activity and enthusiasm.
6. Perseverance and discipline
7. Collaboration and solidarity
Sectors
CINDE currently concentrates its efforts in promoting Costa Rica as a competitive place for investing in sectors which can be benefited from the country's strengths, such as: medical devices, electronics and services. Furthermore, it assists those investors that wish to develop projects in sectors different from those previously mentioned.
Links:
Board of Directors
Annual Report
Organizational Chart
Services
Investment Opportunities
Sitemap
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