Costa Rican Investment and Trade Development Board (CINDE)

The Costa Rican Investment and Trade Development Board (CINDE) is a private, non-profit organization dedicated to attracting foreign direct investment (FDI) to Costa Rica. Established in 1982, CINDE plays a pivotal role in the country’s economic development by promoting Costa Rica as an ideal location for international companies seeking to establish or expand operations in Latin America.

CINDE operates under a unique model, functioning as a strategic partner to both the Costa Rican government and the private sector. Its core mission is to facilitate high-value FDI in sectors that contribute to the country’s economic diversification, innovation, and job creation. These sectors typically include advanced manufacturing, life sciences, business services (including IT and shared services), and tourism infrastructure. CINDE proactively identifies and targets companies in these sectors, presenting them with the compelling advantages of investing in Costa Rica.

What sets CINDE apart is its comprehensive suite of services offered to potential investors. The organization provides tailored information and analysis about Costa Rica’s business environment, legal framework, tax incentives, labor market, and infrastructure. They assist companies in navigating the regulatory landscape, identifying suitable locations, and connecting with relevant government agencies and local partners. Furthermore, CINDE offers ongoing support to companies throughout their investment process, ensuring a smooth and efficient establishment.

CINDE’s promotional efforts extend globally, engaging in targeted marketing campaigns, participating in international trade shows and conferences, and organizing investment missions to key markets. They leverage data-driven insights to highlight Costa Rica’s competitive advantages, such as its highly educated and skilled workforce, stable political environment, strategic geographic location, and commitment to sustainability. The organization actively cultivates relationships with global business leaders, influencers, and media outlets to enhance Costa Rica’s reputation as a premier investment destination.

The impact of CINDE on Costa Rica’s economy is significant. Over the years, CINDE has facilitated the attraction of billions of dollars in FDI, contributing to the creation of tens of thousands of high-quality jobs. The presence of multinational corporations in Costa Rica has also fostered technology transfer, innovation, and the development of local supply chains. CINDE’s efforts have positioned Costa Rica as a leader in attracting investment in sectors such as medical devices and software development, contributing to the country’s overall economic prosperity and competitiveness.

In conclusion, the Costa Rican Investment and Trade Development Board (CINDE) serves as a critical catalyst for economic growth in Costa Rica. Through its proactive investment promotion strategies, comprehensive support services, and strategic partnerships, CINDE continues to attract high-value FDI, creating jobs, fostering innovation, and solidifying Costa Rica’s position as a leading investment destination in Latin America.