Coyol Free Zone (CFZ) ranked 7th on the Top Free Zones by Site Selection.

Site Selection Magazine, a real estate oriented magazine, has included Coyol Free Zone, in Alajuela, Costa Rica, on the Top Global Free Zones per Capita ranking for 4 consecutive years. In the 2020 ranking, Coyol Free Zone appears in the seventh place. Free zones are one of the reasons why Costa Rica is always an excellent destination when thinking about international real estate investment opportunities.

This designation is very important to place Costa Rica as an ideal destination for international direct investment. Costa Rica is a provider of world class human resources and infrastructure.

What is Site Selection Magazine?

Site Selection Magazine is aimed toward the real estate industry and foreign investment attraction worldwide. Backed by a global community of advisors and investors who analyze on a daily basis, the operation of free zones all over the world.

Costa Rica is one of the strongest countries in Latin America for free zones development. These type of rankings help reinforce that leading positioning.

Coyol Free Zone’s other international recognitions

CFZ received a recognition as the Best Free Zone in Latin America in year 2020, by The European, a Thomposon Reuters publication. It was also awarded the following recognitions: the Most Innovative Free Zone of year 2020. Best Business Center for Life Sciences and Advance Manufacture of the Latin American Region.

fDi Intelligence, the monitoring tool of investments specialized publication fDi Magazine, also awarded some important recognitions to Coyol Free Zone. It granted awards in categories such as: Susteinability, Academic Collaboration, Medical Equipment Specialties, Recruitment Assitance and Large Size clients.

What is Coyol Free Zone?

Coyol Free Zone is a leading free zone in Costa Rica’s exports of medical equipment. The exported amount is $2,071 million USD, which accounts for 58% of total country exports for this type of equipment.

Some of the 29 companies that operate out of Coyol Free Zone are: Medtronic, Philips, Cardinal Health, Abbott Medical, Smith & Nephew and Hologic. All the companies in CFZ provide 16,000 jobs in Costa Rica. Besides, Coyol Free Zone is the first Smart Park in Costa Rica because of its Access to telecomunications and world class infraestructure.

Also, it has multiple alliances with universities and technical education institutions. As well as support programs for attraction, recruitment and selection of human talent.

Contact us to find out why Costa Rica is an excellent destination for your next international real estate investment.