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The Business Environment

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Home / Preface
5 - Costa Rica in Brief
6 - Map of Costa Rica
8 - Symbols of Costa Rica
9 - Introduction
12 - Getting a Bird's Eye View
14 - Why Choose Costa Rica?
18 - Costa Rica Has Many Firsts to its Name
22 - A Place That Accepts All Races
30 - The Friendliness of the Costa Ricans
33 - Ticos are Individualistic
35 - Ticos Are Different and Procrastinators
38 - Why Others Have Gone Abroad
42 - Specific Reasons for Leaving Home
45 - Culture Shock
48 - Enjoy Your Retirement by Adjusting
49 - Ways to Adjust to Your New Life
56 - Making Your Stay More Satifying
58 - Cost of Living
67 - Addresses and Directions
69 - Your Car and Driving
71 - How Not to Be Obnoxious to Locals
74 - Adjusting to the Weather and Climate
76 - Choosing the Right Climate for You
77 - City Living versus Country Living
79 - Where to Live in Costa Rica
82 - Living in Your American Style
84 - Top Quality Health Services
87 - Medical Centers in San José
89 - Dying in Costa Rica
91 - Security and Safety in Costa Rica
94 - Personal Experiences of Petty Thievery
98 - Sex and Romance
101 - Going into Business Yourself
105 - Expatriates Production Enterprises
110 - Expatriates Service Businesses
114 - The Business Environment
120 - Helpful Tips for the Newcomer
125 - National Holidays and Festivities
128 - Religion, Churches & Support Groups
131 - The Optimism and Health Link
133 - The 8 Point Formula for Anti-Aging
134 - Obtaining Insurance
136 - Early Colonial History in Brief
139 - English Language & Tico Expressions
144 - Misdemeanors That Are Now Felonies
146 - Closing Words
148 - Bibliography
149 - For More Information and Contacts
151 - Appendix
155 - Index

The saying by Costa Ricans that musico pagado no toca buen sonido (a musician paid in advance plays no good tune) is often true. Sometimes it's difficult to get paid. A topographer cousin of mine occasionally sends out a 6' 6" hard-faced, strong-voiced acquaintance of his to collect bills which have been pending payment for many months. This practice has given him good results.

Not all workers are motivated or enthusiastic about their work

It's advisable to see how you can properly motivate them for better results. You'll gain from it. If you've had some business experience back home, you'll quickly discover for yourself what the differences are between doing business in your home area and doing it in Costa Rica or, for that matter, in practically all of Latin America. Many owners never motivate their employees. The successful ones do.

Aproperly motivated employee will likely work his heart out. Generally it pays to give an extra bonus or a special reward to an exceptional employee if profits are good. Once I made the down payment on a small house that one of my employees wanted to buy for himself and his family. Afterwards, he always thanked me for it by exerting extra effort on the production line.

More on doing business

Costa Rica has much to offer in the way of top quality production, good tax incentives and lower costs than the United States and European countries. Labour is easily trainable as a result of the good educational system existing and the country's 96% literacy rate. Although education has always been of a humanistic nature, over the past ten years technology has been given extra emphasis to meet demand of the many international companies being established in the country. Today all grammar and high schools offer English as an obligatory subject considering that economic globalization will require much bilingual personnel. All this makes for the availability of a very versatile and productive workforce attractive to international investors.

Costa Rica offers many advantages. An important one is that income tax is computed solely on a territorial basis; that is, entirely on income produced locally. All foreign income produced out of the country is tax-free, although the transaction may have been started from Costa Rica. But this could change in the future. Another advantage is that there are no capital gains taxes. Also there's strict banking secrecy as mandated by the Constitution. Managing a corporation is

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All texts of How to Retire Happily in Peacefull Costa Rica are copyrighted © by Frank J. Thomas Gallardo and Editorial Texto Costa Rica. We recommend to buy a hard copy of How to Retire Happily in Peacefull Costa Rica.