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On What a Free Trade Zone Is In Costa Rica

 

April 22, 2019 (Investorideas.com Newswire) The country of Costa Rica is one of the top destinations for BPO services. For the last 20 years or so, since they inception of Intel in this country a barrage of businesses, from medium-sized to mega-corporations have found a home in a location that provides the best conditions for a company to grow.

For example, this year only, IBM announced a $21 million investment to expand its Global Security Services Center in Heredia, at the America Free Zone, just to mention one of the big global players.

The Free Trade Zone Regime is the mainstay of Costa Rica‘s export and investment promotion strategy. It is a set of incentives and benefits granted by the Costa Rican government to companies making new investments in the country and it provides tax incentives.

GBT Technologies is an emergent BPO services company rapidly growing and cutting distance from big corporations. The range of services offered and the human capital taking charge of operations ranks as one of the most capable and productive in Central America. The kind of companies that may apply to a Free Trade Zone System Regime are:

  1. Export Services and companies: To apply 50% from its services must be exported.
  2. Scientific research firms: Either companies or organization can apply.
  3. Focus on Strategic Sectors or Companies: They must apply to a location outside the Greater Metropolitan Area.
  4. 40% of sales must go to Foreign Trade Zones (FTZ).

GBT Technologies has found it possible to grant its clients advantages that will guarantee ROI and time developing new business techniques. Able to handle more demanding tasks and opening opportunities to new approaches and successful strategies. Among those, one of the most appealing is the EBC building in San Rafael, Escazú.

Costa Rica´s tax incentives and benefits are standardized. They apply to any and all companies according to their operation, so there is no need for negotiation on a per case basis. Within the Greater Metropolitan Area, in the capital province of San José, the EBC building itself is a Free Trade Zone. As such, it has been granted permission to assure its clients Tax Excemption with a No-Expiration Period For All Sectors:

  • Custom duties on imports/exports
  • Withholding tax on royalties, fees, dividends
  • Interest income
  • Sales tax on local purchases of goods/service
  • Stamp duty

Your company may be able to apply for an additional 8-year renewals periods if significant reinvestment is made.

Companies already tied to GBT Technologies, such as the emerging AVANT! Ai, an intelligent browser that recognizes the personal search patterns for every user, has already joined forces with GBT Technologies, placing all of its operations including control and managing the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.

GBT Technologies a leading company in the field of Business Process Outsourcing and Costa Rica is the place to be. If you are an emerging business in need of a partner that can organize daily operations as you target objectives, consider the country of Costa Rica and GBT Technologies as a solution and a strong option.

Go to:

https://gbttechnologies.com/

For more information on the Genesis Exchange App please refer to:

https://genesisexchange.io/

http://gbttechnologies.com

http://tokenizeit.cr

Investorideas.com - GBT Genesis Blockchain Technologies

Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)

@GenesisBlockch

GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io


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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

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