Local Firms Produce Innovative Products in the Fields of Medicine and Aviation

Tico Electronics produces micro parts that are used in the Airbus and some of Boeing planes. St. Jude Medical manufactures valves that are used for open heart surgery. Both of these companies operate in the free trade zone or zona franca as it is known here. There are 31 aerospace and medical companies in Costa Rica and they now employ almost 10,000 Costa Ricans. In all there are over 242 foreign companies operating in the free trade zone and have over 55,000 workers.

More and more companies are setting up shop here because of the country’s highly skilled labor force and unparalleled political stability. These large international companies know that Costa Rica is a safe place to invest. So, small investors should not worry about investing investing in a business or property. The latter is driven by Costa Rica’s tourism market.