La empresa especializada en servicios de la nube, @the_hakkoda, inaugura su moderno centro de trabajo y formación en 🇨🇷 ubicado en Ultrapark ll y contratará a 150 profesionales en ingeniería de datos, analytics y machine learning.
🔎 Leer más: https://t.co/CFjWS41Ukz pic.twitter.com/QP9J2hupGZ
— CINDE – Invest in Costa Rica (@invest_cr) March 29, 2022
The benefits include elimination of import duties on raw materials, corporate income tax, export taxes and capital taxes that typically account for a majority of expense outgo for businesses. Companies can recognize more benefits as well, should they comply with all local and national regulations. Moreover, tax savings increase when the parties re-invest in the local industry.
A rich set of Free Trade Agreements (FTAs) like those with Canada, Chile, China, the EU, Mexico, Peru, Singapore, South Korea and the US further foster and fuel the increasing demand for services in Costa Rica.
Innovation Has an Address
The ease of doing business in any region is not just about cost leverage. The availability of a skilled workforce is critical for the smooth delivery of services, especially in a world where technology innovations change at the speed of sound. Costa Rica delivers on this front as well.
While the World Economic Forum ranks Costa Rica as the top destination for quality human capital, the Coursera Global Skills Index 2020 ranked Costa Rica third in the Latin America for its coding and programming skills.
Costa Rica achieves this by focusing on improving English language skills and bolstering educational innovation. Multilingualism is crucial to the service offerings in Costa Rica, which is validated by its second spot ranking across Latin America in the 2021 English Proficiency Index.
With a young, enthusiastic, educated and typically bilingual workforce, Costa Rica can efficiently provide star employees for companies looking to set up in the country, as most of its human capital is upskilled, providing a massive competitive advantage. In 2021 alone, the services industry employed the highest number of skilled resources in the country, as per CINDE. About 20 new initiatives, including those from Amazon, Intel and Walmart, are currently in the implementation stage.
“Costa Rica is now the tech hub with untapped opportunities”
As an emerging hub for telecommunications and technology, the strategic advances of the Costa Rican service sector have helped mold its potential within the industry. The country has a fair share of access to technology that increases the efficiency of its service sector.
San José, for instance, is one of the most technologically advanced cities in Central America. Investment opportunities flood the city as technology becomes more popular within the country’s service industry. The deployment of Robotics Process Automation (RPA), which has begun to pervade across industries, is a fundamental factor behind growing service exports. With the efficient and futuristic implementation of RPA and upskilling of the local workforce in new age technology, operating out of Costa Rica potentially reduces costs and errors, while improving productivity and quality.
So far, CINDE has observed a 64% adoption rate of RPA in operating companies in the services sector, indicating a fast-growing market for the country. Big Tech companies are already pumping these markets with millions of dollars and resources into Costa Rica to leverage the advantages it offers. As per CINDE, the market size for RPA is slated to increase by 17% by 2025.
One of Latin America’s most prosperous economies, Costa Rica’s rise in the modern trade of technology and services is fueled by robust offshoring/nearshoring platforms, next-gen digital capabilities and a prolific software service industry.
With endless possibilities for investors to make huge economic gains, Costa Rica is now the tech hub with untapped opportunities.
Source link : https://nearshoreamericas.com/a-prolific-it-services-market-is-emerging-in-costa-rica/
Author :
Publish date : 2022-07-11 03:00:00
Copyright for syndicated content belongs to the linked Source.
