Antonio Arreaga, Hon. Consul General
Honorary Consulate Office of Costa Rica (BC)
consulado.vancouvercr@gmail.com
Costa Rica continues to stand out in Latin America as a stable, innovation-driven economy. Growth in 2025–26 is projected to remain solid and anchored by med-tech manufacturing and shared services, two sectors that have consistently drawn foreign direct investment (FDI) under the country’s free trade zone (FTZ) regime.
Infrastructure upgrades, investments in education, and a strong emphasis on environmental, social, and governance (ESG) leadership underpin Costa Rica’s competitiveness. Its reputation for political stability, rule of law, and sustainability has made it a preferred hub for companies looking for reliability in the region.
The country has also carved out a niche as a regional leader in renewable energy (with more than 95% of electricity generation coming from renewables), supporting both its ESG brand and its value proposition for international investors.
Costa Rica offers Canadian companies a unique blend of stability, innovation, and access.
Key Sectors
- Med-tech and life sciences manufacturing
- Shared services and bilingual customer experience hubs
- Electronics and advanced manufacturing exports
- Renewable energy and green economy solutions
- Tourism and eco-hospitality infrastructure
Strengths
- Proven FTZ regime with attractive incentives for high-value exports
- A strong sustainability brand with global recognition
- Political stability and highly educated, bilingual workforce
- Growing role as a regional technology and innovation hub
Canadian businesses can leverage opportunities in:
- Med-tech components and advanced manufacturing
- Customer experience/shared services (CX) and R&D support
- Renewable energy and green service branding
- Sustainable tourism infrastructure and education exchanges
Entry Links
How to do Business in Costa Rica
Join the Surrey & White Rock Board of Trade Country Spotlight as we take you to Central America this time to find out about doing business in Costa Rica.
Hear Consular Agent in Commercial Affairs-Director Canada, Consulate of Costa Rica-Procomer, Michelle Corriols discuss the many ways Canada can benefit from doing business with Costa Rica and vice versa.
