Avianca airlines has announced the suspension of the direct flights from San Jose to Miami, effective Janurary 16th. The airline stressed that the measure comes due to a lack of demand, and is temporary. Avianca, a Colombian flagged carrier purchased the Central American conglomerate of TACA airlines, and shifted its hub to San Salvador from […]
Archives for January 2014
Employers must allow employees to vote
According to the Constitution, every citizen every who is registered to vote may not be prevented from casting their vote every four years in national elections. Under Article 614 of the Labor Code, employers who bar their employees from voting may be fined between 399,400 to 9,186,200 colones ($810 to $18,633). Although there is no set time for […]
Corporate Ownership of Home Triggers FATCA Requirement
A frequent practice among expats in Costa Rica is to use a corporation to control ownership of property. However, doing so creates additional obligations under U.S. tax law. Enacted in 2010 as part of Obama’s economic stimulus package, FATCA is designed to stem offshore tax evasion and turn foreign banks, brokerages and insurance companies into […]
Care network hopes to open 30 news centers
The National Network of Care and Child Development is a flagship projects for the administration of President Laura Chinchilla, and to date has opened 18 centers. The government now hopes to open 30 more centers within the next four months, in a program which to date has cost 30 billion colones ($60 million) for infrastructure […]
Costa Rica aims to attract more foreign high-tech investment
Costa Rica will continue to work this year in attracting companies from high-tech and manufacturing sectors, and estimates are that foreign direct investment (FDI) will total $2.3 billion. Last year the country attracted 43 companies, which generated 7,123 new jobs. The technology sector alone generated $600 million in FDI, last year. Representatives from the Costa […]
Police officers arrested on charges of bribery at border
Two police officers in La Cruz, Guanacaste have been arrested by judicial police and are accused of taking bribes from food vendors operating in the border area. The investigation was started after three food vendors brought a complaint before the attorney general in Liberia. It is believed that the officers saw increased holiday traffic at […]