15
One must add the caveat that the above is true for export-oriented greenfield FDI, but not for
other forms of FDI. For instance, Costa Rica is closed to mining investment (the law specifies that
due to environmental concerns, there is a moratorium on most mining endeavors) and the
facilitating institutions don’t see as their role to help investment aimed at the domestic market, real estate investment, or the acquisition of ongoing operations. Furthermore, the laws granting rights to
minority stockholders are weak and the restrictions on large acquisitions, especially of companies
registered in the stock exchange, are arcane. Finally, companies who do business with the
government (build infrastructure, BOT public facilities, or provide services to the general public
charged to the Treasury) find a nightmare of controls and, worse still, harshly inquisitive attitudes
by Congress, press and the Comptroller General. But, all this aside, for private, aimed-at-export,
greenfield FDI, the legal and institutional regime in Costa Rica is as attractive as any in the world.
15One must add the caveat that the above is true for export-oriented greenfield FDI, but not for other forms of FDI. For instance, Costa Rica is closed to mining investment (the law specifies that due to environmental concerns, there is a moratorium on most mining endeavors) and the facilitating institutions don’t see as their role to help investment aimed at the domestic market, real estate investment, or the acquisition of ongoing operations. Furthermore, the laws granting rights to minority stockholders are weak and the restrictions on large acquisitions, especially of companies registered in the stock exchange, are arcane. Finally, companies who do business with the government (build infrastructure, BOT public facilities, or provide services to the general public charged to the Treasury) find a nightmare of controls and, worse still, harshly inquisitive attitudes by Congress, press and the Comptroller General. But, all this aside, for private, aimed-at-export, greenfield FDI, the legal and institutional regime in Costa Rica is as attractive as any in the world.
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