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Business

inflation Stiff Penalties for Tax Dodgers in Costa Rica

Failure to report income from business operations or from professional services rendered through self-employment activities in Costa Rica could result in up to $80K in penalties. Not all business owners or self-employed professionals are potentially affected by this fine; only those who acquired goods up to $5K in value or who rendered a professional service worth more than $100 throughout the tax...

Cosi Fast-Food Sector Continues Expansion in Costa Rica

Quick-service restaurants (QSR) make up one of the most active and potentially lucrative business sectors in Costa Rica. As previously reported by The Costa Rica Star, Tico consumers have an ongoing love affair with fast food, particularly when some level of novelty is involved. Enter Cosi, a United States-based restaurant chain specializing in the fast-casual dining segment. This company has gott...

cell phone and tablet Mobile Subscriber Growth Predicted in Costa Rica

When it comes to mobile communications and paid television markets, Costa Rica is poised to grow and foster a solid landscape for business competition. Such is the determination of a new report being offered by Research and Markets. This new report is titled Costa Rica: Pending LTE Auction Will Help Balance Mobile Operators' Spectrum Holdings, Boosting Competition, and it was produced by Pyramid R...

mosquito Fighting Dengue and Malaria with Blankets in Costa Rica

Although Costa Rica has the lowest regional mortality rate for vector-borne diseases such as dengue and malaria, the fact remains that children from low-income families are the most affected by mosquito bites. As recently reported by The Costa Rica Star: The most dangerous organism in Costa Rica is not even a vertebrate, but it kills approximately three quarters of a million humans each year. ...

Precision Wire Irish Medical Device Firm Could Bring Jobs to Costa Rica

A medical device outsourcing firm based in Galway, province of Connacht, has acquired the assets of a foreign firm operating in Costa Rica that could result in additional jobs for their manufacturing facility in Heredia, a municipality where outsourcing is a major industry. According to a recent news article by Gavin Daly of the Sunday Times of London, Creganna, a Galway-based medtech group, is li...

Source: Spirit Spirit Will Fly 4 Times a Week to Costa Rica in 2015

Source: Spirit One of the most successful discount airlines in the United States recently announced an increase in the frequency of its flights between Houston and Costa Rica starting on May 28, 2015. Earlier this year, Spirit Airlines made news when it repainted many of its aircraft in a bold and bright yellow pattern that makes their passenger jets look like big New York City taxis in the sk...

Al Dia Costa Rica: 2 News Dailies and 1 Magazine Stop Circulating

Grupo Nacion, the most powerful media group in Costa Rica, is restructuring its operations by shutting down two daily newspapers and a monthly magazine. Sports daily Al Dia will cease publishing in late November and home design magazine Su Casa will circulate for the last time in December. The other news daily being axed is Ahora, which was a trial newspaper that aimed to reach younger middle clas...

Chicken Rice The Chicken Rice Index: New Economic Indicator in Costa Rica

First there was the Big Mac Index, then the Casado Index and now the Arroz con Pollo (Chicken Rice) Index. Costa Rica has no shortage of innovative and highly informal methods of pointing out the numerous shortcomings of the national economy. As previously reported by The Costa Rica Star, our country is not as expensive as the Big Mac Index, created by The Economist, suggests. When it comes to pur...

inflation IMF Recommends Higher Taxes in Costa Rica

Following an official staff visit (known as a mission) by representatives from the International Monetary Fund (IMF) to Costa Rica, the mission's preliminary findings have been published with the consent of our country's authorities on finance and economics. You can read the entire text of the Concluding Statement at the IMF website; The Costa Rica Star is pleased to bring you the following highli...

Tires Major Tire Industry Event in Costa Rica Next Year

Costa Rica is quickly becoming a hub for regional and international business conventions. For TyreExpo2015, organizers have even scheduled Hall of Fame Astronaut Franklin Chang-Diaz, whom we interviewed in 2011 about the up-and-coming aerospace industry in our country. TyreExpo is the preeminent international trade fair for the tire and accessories industry, bringing together suppliers and buyers ...

UN-Cruise Ship La Pinta Award-Winning Cruise Line Sailing to Costa Rica in 2016

UN-Cruise Ship La Pinta Un-Cruise Adventures is a specialty line of cruise ships that emphasize in luxury and adventure on smaller vessels. This unique cruise line is the recipient of the 2016 Reader's Choice Award by Porthole Cruise Magazine, and CEO Dan Blanchard took the opportunity to announce the inclusion of Costa Rica as a destination for the 2016 cruise season. Here's the official pres...

Brighstar Wireless Solutions Provider Unveils Ops Center in Costa Rica

Brightstar Corp. is exactly the type of major foreign direct investment (FDI) that President Luis Guillermo Solis has been trying to bring to Costa Rica. This global supply chain and retail solutions provider for the wireless industry is headquartered in Miami, and its new operations center, located in Barreal de Heredia near the CENADA, is creating 150 jobs. Here's the official press release by t...

Pineapple Global Pineapple Conference Underway in Costa Rica

The future of one of the most lucrative and controversial crops in Costa Rica is being discussed by major business and agricultural players at the Cariari Double Tree by Hilton near San Jose. The International Pineapple Organization (IPO) Global Pineapple Conference is the world's most important trade meeting on Ananas comosus, a fruit that has resulted in major profits for farmers in Costa Rica w...

london Costa Rica Seeks to Charm More British Tourists

With spa vacations and delicious traditional cuisine, officials from the National Tourism Board of Costa Rica (Spanish initials ICT) are currently in London along with 32 tour operators and hoteliers for the 2014 World Travel Market. In preparation for this event, the ICT contacted 25 important tourism business entities in the United Kingdom and key Eruopean markets for the purpose of making our c...

inflation Costa Rica Could Avoid Economic Collapse

Economists and business leaders gathered this Monday at the San Jose Palacio Hotel to discuss a topic that is in the minds of millions in Costa Rica and others with financial ties to this country: ¿Hacia dónde vamos?  (Where Are We Headed?). The 17 experts agreed that this nation is in deep economic crisis, but they also agreed that not all hope is lost. This business forum was hosted by Summa Con...

PF Chang This Restaurant Cost $2.5 Million in Costa Rica

Grupo Enjoy, an investor group in Costa Rica working with 100 percent domestic capital, is preparing to unveil its latest $2.5 million investment in early November. According to finance reporter Evelyn Fernandez of business weekly El Financiero, Grupo Enjoy will welcome diners to the very first P.F. Chang's China Bistro in Costa Rica, located in the ritzy Avenida Escazú, on November 3rd. Reader...

Leonora Jimenez Mercedes-Benz Fashion Week in Costa Rica Moves to Guanacaste

In late 2014, the sashay will no longer be confined to San Jose. The Mercedes-Benz Fashion Week is Costa Rica’s most prominent event for the haute couture and prêt-à-porter industries, but until recently this extravaganza only took place in the lovable city of San Jose. In recent years, however, the Guanacaste region has been flourishing in terms of fashion design. To this end, Allan Andino of nat...

redken Upscale Loft Redken Beauty Salon Opens in Heredia

The exclusive and stylish Redken brand of hair care has a new location in Costa Rica, specifically at the Paseo de las Flores shopping plaza in Heredia. Redken Laboratories is a global leader in the hair salon industry, and the company’s certified salons are subject to rigorous standards of quality. The first Loft Redken salon opened in Escazu at the Plaza Golden shopping center a few years ago; i...

Rios Tropicales Eco-Tourism Firm from Costa Rica Wins International Award

San Jose, Costa Rica (PRWEB) October 26, 2014 Skål International announces Rios Tropicales, Costa Rica’s leading adventure company, as the winner of its 2014 Sustainable Tourism Award in the category of Tour Operators. What began in 1985 as a simple dream to pursue a love of paddling, provide jobs for fellow Costa Ricans and support rainforest land protection developed into Rios Tropicales, Cos...

stem cells New Stem Cell Research Subsidiary in Costa Rica

A stem cell research company firm is opening an office in Costa Rica, according to a press release issued by the Global Stem Cells Group, Inc. In Costa Rica, clinical trials and stem cell research on humans was a gray area of the law for about four years. One of the last Executive Decrees signed by former President Laura Chinchilla gave more freedom to stem cell research in Costa Rica, which ha...