Tax Incentives

The Costa Rican legal framework offers ULTRAPARK clients a package of fiscal incentives that provides valuable economic and operational benefits. Specific benefits that impact savings for manufacturing and service institutions include:

Exemption from payment of all consular duties and taxes on imports of merchandise and goods required for operation.
Exemption from payment of all consular duties and taxes affecting imports of machinery and equipment, as well as their accessories and spare parts, and imports of automotive vehicles necessary for operation.
Exemption from payment of all consular duties and taxes on the import of fuels, oils and lubricants required for operation, as long as these goods are not produced the country.
Exemption from all taxes associated with product export or re-export.
Exemption, for a period of 10 years from company operation start-up, from payment of taxes on capital and net assets and from payment of real estate transfer taxes.
Exemption from sales and excise taxes on the purchase of goods and services.
Exemption from any foreign remittance tax.
Exemption from all taxes on capital gains, as well from any other deriving from gross or net profit, dividends paid to stockholders or income or sales.
Exemption from all municipal taxes and patents for a period of 10 years.
Exemption from all taxes on imports and exports of commercial or industrial samples, after prior authorization by PROCOMER.
Companies operating in Free Export Zones located in the areas of “lesser relative development” shall have the right to receive a 10% discount of the amount paid in salaries during the preceding year. This benefit is granted for a period of 5 years and shall decrease by two percentage points per year.

Source: PROCOMER Export & Import Directory Costa Rica 2003