The spearhead of Costa Rica’s high tech FDI for over 5 decades
Bolstered by this experience, Costa Rica is leader in production process sophistication in Latin America, showcasing a consolidated industry that operates with a high level of complexity, broad diversity of products manufactured and great dynamism…and yes, we do rocket science!
A strong educational system and skilled workforce in manufacturing has helped boost the high tech industry in Costa Rica increasing the number of companies in this sector 2x versus 2000 and immersing the country to become part of the Global Value Chains (GVC).
Just take a look at how fast we’re growing:
The employment in this sector is 2 times higher than in 2000.
The number of companies in this sector is 2x higher than in 2000, from 30 to 52.
Average output per employee increased from $103K in 2000 to $294K in 2012 (+40)
Increase in exports:
High Tech exports represented 4% of manufactured products exports in 1996, nowdays it represents 43%.
Knowledge intensive industrial exports represented 35.2% of total exports in 2015 up from 25% in 1994.
Among many things, Costa Rica is an R&D hub for AdAstra Rocket and VASIMR (Variable Specific Impulse Magnetoplasm Rocket) a technology for advanced rocket propulsion.
Also, throughout the years, companies such as Vitec and Samtec have grown their operations in the country to the point of vertically integrating processes by leveraging a robust local supplier base to reduce costs.
What exactly can we do in this sector? explore Business opportunities
Costa Rica offers the right
conditions for your business
Here are 8 reasons to choose us
- 1.track record
A proven track record with 50 high tech multinational companies in this sector operating in the country.
We are the second most consolidated democracy and second most politically stable country in Latin America, safeguarding long-term investment and risk reduction.
- 3.constant improvement
We rely on a highly collaborative and open academia to improve our human capital skills according to market needs.
We share a time zone and are in close proximity to the USA, with +1000 international flights worldwide weekly.
- 5.ready for business
With multiple fully equipped industrial business centers located around the country.Learn more here
- 6.fast track immigration
To ease the process of starting a business, we provide fast track immigration procedures.
- 7.shipping & Logistics
Competitive shipping costs and easy logistics
We have the most attractive tax incentives package in Latin America.
- BONUS:strong supplier base
A well-established supplier base in the country operating in compliance with international quality standards which supports high-tech multinational companies in several of their core processes including design and engineering, automotive, contract manufacturing, packaging, rubber, plastic injection, precision machining, special finishing, and sterilization, among others.
want to know more about suppliers? check the full list here
Advanced Manufacturing Sector executive contacts
Mónica UmañaLead, Advanced Manufacturing Sectormonicaumana@cinde.org