Business

The 15th edition of the CINDE Job Fair will search for talent from March 6th to 8th in the Costa Rican Convention Center, in Heredia. Organized by the Costa Rican Investment Promotion Agency (CINDE), the fair will include more than 50 leading companies in services, advanced manufacturing, and academia. They will offer more than 3,000 positions available for the first semester of 20020. Command...

The worldwide leader in the development, manufacture, and sale of innovative medical devices used in infusion therapy and critical care applications, ICU Medical, Inc., announced a US$13,2 million investment at its Costa Rica manufacturing facility. The operations were visited by the President of Costa Rica, Carlos Alvarado Quesada, and other national dignitaries marking the company’s 20th anniver...

Teradyne announced that it will invest over $20 million in a new facility in Coyol Free Zone, Alajuela, Costa Rica. The new 11,000 square meter facility brings together over 350 employees who are now located in multiple offices in the area. The project will begin this January and is expected to be completed in 2021. The Minister of Foreign Trade, Dyalá Jiménez, said: “We start this year with ve...

In the ranking of “The Top Best Countries to Invest In” 2019 Costa Rica took the third position in the world only after Uruguay and Saudi Arabia. This study is updated once a year by U.S. News & World Report with the backing of Wharton school of the University of Pennsylvania and BAV Group. It has the specific analysis on investment topics that gathers answers given by 20,300 people from 36 cou...

Applebee’s closed its operations in Costa Rica, confirmed the franchise owner Dine Equity Applebee’s had three restaurants in the country, one in Terrazas shopping center in Lindora, Santa Ana, another one in Plaza Carolina , San Pedro and the third one in Cariari. According to Julio Villegas, operations manager of Applebee’s Costa Rica the reason the decision was made obeyed to profitabili...

JH Biotech, a subsidiary of Jianghuai Horticulture seed Co. of Anhui, China, opened its new facilities in Guanacaste, where it will carry out research and development, quality control, marketing, and sales, as well as export and import products logistics. Costa Rica will be the company’s hub to commercialize seeds from China to other markets on the continent. The company established in Nanda...

The Costa Rican Investment Promotion Agency (CINDE) announced its 2019 performance results. CINDE's work directly contributes to the country's Sustainable Development Goals (SDGs) as set by the United Nations. CINDE particularly contributes to 4 SDGs - Decent Work and Economic Growth, Gender Equity, Industry, Innovation and Infrastructure, and Quality Education - and as such reports its Foreign D...

Visional Technology LLC, an American company dedicated to supply dimensional metrology and inspection of manufactured components, has chosen Costa Rica as its first expansion outside Puerto Rico. This new operation will assist its clients in that country as well as the United States, Dominican Republic and Central America. Founded in 2001, Visional Technology LLC provides measurement technology...

Costa Rica has cultivated a reputation as a medical tourism mecca. Patients come from all over the world to take advantage of the highly trained medical teams operating in Costa Rican hospitals, at prices often lower than in other countries. Now there’s a return of a problem first discovered in 2017: illegal organ trafficking. The illegal organ trafficking business was first brought to light tw...

Cheetah Digital, a cross-channel customer engagement solution provider, has expanded its operations in Costa Rica to meet growing demand for its solutions and help support clients’ global growth strategies. Cheetah Digital is the largest independent marketing technology company in the world, with more than 1,300 employees in 26 offices across 13 countries. In Costa Rica, Cheetah Digital has inv...

Procter & Gamble (P&G) continues to consolidate its presence in Costa Rica, and has announced that it will hire 150 more people during 2020 in the areas of information technology, finance and logistics. The announcement was made during P&G's celebration of its 20th anniversary in the country, which was attended by the President of Costa Rica, Carlos Alvarado; David Taylor, CEO of P&G; Dyalá Jim...

Modus Create, a multinational company within the digital technologies’ industry, has officially established in Costa Rica and plans to triplicate its current workforce by 2020. The digital transformation company combines Consulting, Design, and Software Engineering to streamline projects and products of global clients, helping them face the new digital economy. The company currently seeks ...

$3.9 million is the approximate amount that will be invested in the opening of three Olive Garden restaurants in Costa Rica in the upcoming three years. The investment group AR Holdings, member of Promerica Group will bring to Costa Rica the Italian food chain restaurant, the biggest in the United States with 850 locations. The first restaurant is scheduled to open in Escazú in 2020, with an...

TradeStation, a multinational company in the services sector, announced that it has 20 open positions for systems and computer engineers. The company will be receiving job applicants in its facilities, located in Ultrapark 1, building 7B, in Heredia, on October 24, 25 and 26. Thursday and Friday from 2 pm to 7 pm, and Saturday from 9:30 am to 5 pm. Prospects will go through an interview proces...

Refinitiv, a leading global provider of financial data and infrastructure which delivers data, insight and analytics to the financial community, opened its offices on Monday. The company plans to expand its operations in the short term, with 50 additional positions. The company has two departments in the country, including Operations and Finance & Accounting. Currently, Refinitiv is hiring pers...

Do you feel that your organization needs to be more innovative? Are you facing challenges that are not easily addressed through conventional problem-solving approaches? Are you finding that planning for the future, both personally and professionally, is more complex than before? If you’ve answered yes to any of these questions, you may want to consider approaching your professional and personal...

Edwards Lifesciences Corporation, a world leader in innovations for structural heart disease and critical care monitoring aimed at patients, expanded its presence in Costa Rica with a $100 million investment and the addition of 500 new jobs by the end of 2020. The brand new facility is located in La Lima Industrial Park in Cartago and has an extension of 274,000 square feet. This new buildi...

Civil Aviation in Costa Rica confirmed that airline Air Europe has presented its formal request to operate in the country. According to information released, the permit to operate the San Jose – Madrid route could be ready by April 2020 if the airline complies with all requirements, the company would compete with Iberia which is currently operating this route. Air Europe is putting its eyes...

Seven years ago, VMware started operations in Costa Rica with just five employees. Today, it has more than 665 direct jobs and plans to open 130 positions in the near future. The company made the announcement this Thursday in an event that gathered the President of the Republic, Carlos Alvarado, the Minister of Foreign Trade, Dyalá Jiménez; the Minister of Science, Technology and Telecommunicat...

President Carlos Alvarado has officially signed the work-from-home bill into law, which allows telecommuting as an alternative work arrangement for employees in the public and private sector. The new law sets the standards for the work from home policy, strengthening Costa Rica’s competitiveness to develop business and Foreign Direct Investment. The Congress passed the 21.141 bill on August ...

MicroPort , a multinational orthopedics company, will establish a new services center in Costa Rica in addition to its current R&D operation for orthopedic medical devices. The company started operations with 30 people this year and will grow to approximately 70 employees by the end of 2020. MicroPort is located at Oficentro Torre La Sabana part of Improsa SAFI real estate fund. Currentl...

Clothing store Forever 21 plans to declare bankruptcy this Sunday, September 15 according to The Wall Street Journal. The retailer apparently has been affected by the change of consumer habits which has brought low sales. Many people now prefer to shop online and the competition is very strong. According to a statement released by Forever 21 the stores are currently operating normally, and t...

Medtronic, the largest employer of precision mechanics in Costa Rica inaugurated this week its new manufacturing facility in Coyol, Alajuela. Medtronic has had a commercial presence in Costa Rica since 2015. The company established its manufacturing facility in 2017 with over 100 employees and has subsequently grown to more than 500 professionals in 2019. The facility manufactures components gl...

Kimberly-Clark will invest $42 million in its production and supply center as well as in its Global Shared Services Center in Costa Rica. With the new investment, the company will buy high-tech equipment to manufacture more baby, kids and feminine care products, as well as expand the production plant and the Global Shared Services Center, promoting more employment in the country. “This is...

Gap store returned to Costa Rica and opened doors this weekend in Avenida Escazú shopping center. The international franchise had operated two stores in Costa Rica in the past, one in Multiplaza Escazú and another one in Lincoln Plaza, however, these closed doors in 2016 after three years in the country. Now they come back strong, with an aggressive expansion plan, from the hand of Central A...

Boston Scientific Corporation, specialized on the design, manufacture, distribution and sale of minimally invasive medical devices of the highest technology, celebrated its 15th anniversary in Costa Rica reaching a workforce of 4,500 employees and collaborators. This makes Boston Scientific the largest medical device manufacturer in Costa Rica. The President of Costa Rica, Carlos Alvarado, visi...

The multinational company specialized in high-tech services, SYKES, today announced that it will hire 1,000 people with an advanced English level for its operations in finances services and technology. The hiring process will be developed from August to December. The company will create too 1,950 spaces for the SYKES English Academy to train people with 70-90% English level. This is part of the...

Maruyama Coffee Co. purchased Costa Rican Coffee of Group Los Grandes de Copey at a price of $65.30 per pound, paying a total $28,073 for the 429.91 pounds of coffee that comes from the region of Santa María de Dota. The negotiation took place during the twelfth edition of the electronic auction Cup of Excellence 2019, recognized as one of the main coffees selling programs worldwide. Not only d...

Mexican company Mexifrutas S.A. of C.V. announced that it will open a modern fruit pulp processing plant in Siquirres, Limón, through its Costa Rican subsidiary Inversiones Corymex MCR, S.A, with an investment of $20 million dollars. In its first stage, this investment will generate direct and formal employment for more than 130 people living outside the Greater Metropolitan Area (GMA). The ...

The multinational company Boston Scientific Corporation, dedicated to the design, manufacturing, distribution and sale of minimally invasive medical devices of the highest technology, announced that it plans to hire approximately 600 new employees in the upcoming months who will join the 4,200 collaborators that currently work in its operations, making it the largest employer in Costa Rica’s medic...

Today, Amazon.com, Inc. (NASDAQ: AMZN) announced the creation of 2,000 job openings. These positions will be based in Amazon’s dedicated centers in Costa Rica and will include specialist roles in areas such as customer service, technology, cloud services, finance and accounting. These specialist roles will support Amazon’s customers around the world and provide 24/7 world class customer servi...

Costa Rica stands out in the latest edition of The European, a renown international magazine that reviews topics such as business, foreign direct investment, finances, technology, among others. Costa Rica: The Natural Choice of Business, is the article's title, which highlights the country’s success formula to attract FDI and how it fosters world-class innovation. "Comparatively, Costa Rica ...

Equifax, a global data, analytics, and technology company announced today that it will hire 200 people in the upcoming weeks to become part of its 1,000-collaborator workforce. “Equifax is undergoing the largest transformation of its recent history,” said Jairo Quiros, Vice President of Global Shared Services. “We are leveraging our Costa Rica Shared Services talent to enable the company to dri...

Bayer’s Shared Services Center started operations in Costa Rica two years ago. Today, the company announced that it will duplicate its payroll to 500 employees by the end of this year. Currently, the center has 285 collaborators in three offices located at America Free Zone, in San Francisco de Heredia. The expansion will be in three departments: Order to Cash, Source to Pay and HR Operations....

It's no surprise that Costa Rica isn't in the best financial shape. Costa Rican Congress approved a new tax package called "Law of Strengthening of Public Finances number 9635". Guess what this means......more taxes. Within the new taxes commencing July 2019 Hacienda will expand the number of products and services that will be taxed with IVA or "Value Added Tax", which is essentially a sales tax o...

Paradise Ingredients, known for its processed juices and beverages in the food industry, opened today its new plant of juices and drinks NEWVANA. Paradise Ingredients is the world’s top banana puree processing company. With this new aseptic juice processing operation, it will create 120 jobs in Cartago. The Minister of Foreign Trade, Dyalá Jiménez, said: “The country’s development requires...

Concentrix, a technology-enabled global business services company specializing in customer engagement, announced today 600 new job positions in the country. This is part of a growth strategy the company is deploying to become stronger in Costa Rica and to establish itself as a specialty high value solutions center. “Our world is demanding changes in the way we make business; this forces compani...

Leading software company Wind River expanded its operations with the opening of a new office in Oficentro Mediterraneo in San José, Costa Rica. It has more than 40 collaborators working in customer support, engineering, finance, and tech support. “Wind River’s decision to open an office in Costa Rica was based on its great economic climate and nascent technology sector; it’s also a place where...

The Costa Rican Investment Promotion Agency (CINDE) announced that NTT DATA, Inc. opened a center of excellence in Costa Rica to serve its Salesforce portfolio. The company, located in America Free Zone industrial park, has been certified as a Platinum Salesforce Partner with more than 15 years of partnership with Salesforce. NTT DATA, a leading IT services provider, currently has a dozen Sales...

Sachs Chemical, Inc. chose Costa Rica to become its distribution center in Central America with an investment over US$2,7 billion. Recognized as a leading chemical distributor serving the Puerto Rico and Caribbean markets, Sachs Chemical was founded in 1986, the company now has two operation plants of 8,400 square meters in Caguas and Carolina, in Puerto Rico. In Costa Rica, it currently has ...