{"id":154,"date":"2014-11-20T23:17:25","date_gmt":"2014-11-20T23:17:25","guid":{"rendered":"http:\/\/www.langcr.com\/content\/?p=154"},"modified":"2014-11-20T23:17:25","modified_gmt":"2014-11-20T23:17:25","slug":"transfer-of-traditional-free-trade-zone-manufacturing-companies-in-costa-rica-to-the-%e2%80%9cf%e2%80%9d-manufacturing-category","status":"publish","type":"post","link":"https:\/\/www.langcr.com\/content\/transfer-of-traditional-free-trade-zone-manufacturing-companies-in-costa-rica-to-the-%e2%80%9cf%e2%80%9d-manufacturing-category\/","title":{"rendered":"Transfer of traditional Free Trade Zone manufacturing companies in Costa Rica to the \u201cf\u201d manufacturing category"},"content":{"rendered":"

Free Trade Zone beneficiaries in Costa Rica must be included in one or several of the categories specifically established by law. <\/span>\u00a0<\/span>As part of such categories, there are currently important service providers, commercialization companies, and manufacturing companies, such as the ones part of the flourishing Costa Rican medical cluster. <\/span><\/span><\/p>\n

The Free Trade Zone Regime in Costa Rica was recently modified so <\/span>\u00a0<\/span>a specific type of manufacturing company, denominated \u201cf) type manufacturing companies\u201d could be included. Due to the elimination of benefits in favor of traditional manufacturing, which is scheduled for December 31, 2015 and according to specific changes made to the Costa Rican Free Trade Zone Law and its Regulations, on such date, companies of the \u201cf\u201d type will substitute traditional manufacturing companies within the Free Trade Zone Regime, but only for specific cases as explained further below. <\/span><\/span><\/p>\n

This elimination of the Free Trade Zone benefits will not affect manufacturing companies of the \u201cf\u201d type, which are companies that according to the modifications to the Free Trade Zone Law and its Regulations have specific tax incentives notwithstanding the disappearance of tax incentives to traditional manufacturing companies at the end of year 2015.<\/span><\/p>\n

The above indicated means that current traditional manufacturing companies have 4 options in order to keep being part of the Free Trade Zone Regime, as listed below: <\/span><\/p>\n

1) If the company may be classified within one of the strategic sectors (specific investment categories set by the country), such as for example medical and high precision manufacturing companies, then the company may request, before July 2015 (which is considered by Procomer the deadline for filing the application), the transfer to the f) manufacturing category. <\/span><\/p>\n

2) The company may also apply for a transfer of its place of operation outside the \u201cGran Area Metropolitana Ampliada\u201d or \u201cGAMA\u201d (the \u201cGAMA\u201d or \u201cAmplified Greater Metropolitan Area\u201d is basically specific locations within the Central Valley). This means that the company would need to consider transferring its operation to locations such as Turrialba, Puntarenas, Lim\u00f3n, Orotina, specific locations in San Ram\u00f3n, Grecia, etc. <\/span><\/p>\n

3) The company may also apply as a \u201cMega Project\u201d, which requires specific investments (a minimum of US$ 10,000,000.00) within a term of 8 years, and hiring and maintaining a specific number of employees. <\/span><\/p>\n

4) Finally, the company may apply for a transfer of category, switching to a Free Trade Zone \u201cProvider\u201d manufacturing company regime, which requires the sale of at least a 40% of its total production to Free Trade Zone companies<\/span><\/p>\n

Please note that only traditional manufacturing companies (specifically excluding companies providing services, engaging into commercialization activities, or manufacturing companies of the \u201cf\u201d type) will be affected by the elimination of their Free Trade Zone benefits as explained above. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Free Trade Zone beneficiaries in Costa Rica must be included in one or several of the categories specifically established by law. \u00a0As part of such categories, there are currently important service providers, commercialization companies, and manufacturing companies, such as the ones part of the flourishing Costa Rican medical cluster. The Free Trade Zone Regime in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,4],"tags":[],"yoast_head":"\nTransfer of traditional Free Trade Zone manufacturing companies in Costa Rica to the \u201cf\u201d manufacturing category - Lang<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.langcr.com\/content\/transfer-of-traditional-free-trade-zone-manufacturing-companies-in-costa-rica-to-the-\u201cf\u201d-manufacturing-category\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transfer of traditional Free Trade Zone manufacturing companies in Costa Rica to the \u201cf\u201d manufacturing category - Lang\" \/>\n<meta property=\"og:description\" content=\"Free Trade Zone beneficiaries in Costa Rica must be included in one or several of the categories specifically established by law. \u00a0As part of such categories, there are currently important service providers, commercialization companies, and manufacturing companies, such as the ones part of the flourishing Costa Rican medical cluster. 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