Starting a business in Costa Rica
Low taxes and overhead afford business owners more opportunities for success
While some believe starting a business in Costa Rica is difficult, William from Casa de Costa Rica has a different view. Drawing upon his 20 years of business development expertise, William built a company in La Fortuna that has prospered.
This video offers a light-hearted comparison of business start-ups in Costa Rica vs. in the United States and Canada. While 90% of new businesses in North America fail in the first five years, that’s not often the case here. The low cost of raw materials and labor, combined with low taxes (flat 7% vs. 30+%) and user fees, affords business investors greater profits. Higher profits means it’s more likely the business owner will succeed.
As William explains, a US company might need to generate $72,000 in monthly sales to get a $3,600 monthly profit. However, the same company in Costa Rica would need less than $10,000 in sales to achieve the same $3,600. Business owners who couldn’t succeed in the States can succeed here, even in spite of themselves.
Source: www.youtube.com
1242 total views, 1 today