Living in Costa Rica Retirement Relocation Tours.

Costa Rica Attracts Some Big Players from the U.S.

People often ask me, “Is it safe to invest in Costa Rica?” I don’t claim to be an expert in the field of international investments but lately have seen a growing number of big name U.S. companies and individuals investing in Costa Rica. They would never think of putting their capital here if the investment climate was not favorable.

Intel was the first major play to invest in Costa Rica in 1998. A significant amount of Intel’s major manufacturing and technology development has taken place at its award-winning site in Costa Rica. This site includes two manufacturing plants and one distribution center dedicated to the assembly, testing and distribution of the world’s fastest processors.

Let’s look at who else has invested recently in Costa Rica.

• General Electric purchased 50% of the Bank of San Jose, a private local bank. As a result the bank plans to expand to other areas of the country.
• Walmart just purchased stock in Supermercados Unidos, the largest supermarket chain in Central America.
• Steve Case, the founder of AOL and of Time Warner fame, just purchased 23 million dollars worth of beach property. He plans to build an upscale resort at Punta Cacique.
• Wendy’s Hamburger chain will open over 15 stores in Costa Rica starting in May of 2006. All 15 of the stores should be completed by 2010.