Costa Rica is attractive for investment and has significant potential for developing large multinational companies. This is due to the high level of education of the population, as well as high standards of modern services, and social and political stability. In recent years, the country’s government has been actively supporting industrialization and eco-tourism development, seeking to shift the focus away from traditional businesses such as timber production and export. It is important to note that Costa Rica is a full member of the World Trade Organization (WTO). This fact opens up opportunities for cooperation with many European countries and the United States within the global trading system.
Currently, this jurisdiction has become a popular destination for companies actively involved in online gambling. However, it should be noted that the gambling industry in the country is still unregulated and is not authorized to provide services in Costa Rica itself. Nevertheless, the jurisdiction attracts startups and small businesses looking to test and implement new business ideas at minimal cost in a flexible entrepreneurial environment.
Despite the lack of a legal framework for gambling, Costa Rica is considered a trustworthy jurisdiction. As a member of the Organization for Economic Cooperation and Development (OECD), the country demonstrates compliance with international standards applied in the most developed economies. Investors and customers generally show confidence in businesses registered in OECD member countries.
Costa Rica is not included in the Financial Action Task Force (FATF) list of countries that have been identified as having strategic weaknesses in Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT). This further confirms the trusted status of this jurisdiction. FATF also notes that Costa Rica continues to make notable progress in addressing the identified technical deficiencies and other challenges.