The Clean Wave Foundation and Mantas from Costa Rica, together with the BuceoConCiencia initiative from Spain, will promote diving as a practice of environmental sustainability to encourage the conservation of the seas during November 4 and 5 in Islas Murciélago, canton of La Cruz, Province of Guanacaste.

According to Andrés Bermúdez, President of The Clean Wave, the initiative is possible thanks to the Maritime Rescue Center Association (CREMA), Mantas de Costa Rica and the BA Divers Diving Center. The CREMA Association is a Non-Governmental Organization dedicated to protecting, conserving and promoting ecosystem management of marine resources, formed in 2012.

For its part, Mantas de Costa Rica is a non-profit organization that seeks the protection of oceanic manta rays (Mobulabirostris) through monitoring and understanding. The Clean Wave Foundation joined this effort by creating an alliance to disseminate and present to the population the wonder of this species and its importance in the health of the oceans.

As Bermúdez explained, the community of “diving practitioners in the country is a good niche to promote sustainability in the seas, therefore, we wanted to convene this group to carry our message in favor of sustainability because generally these are people who They are imbued with that concept.”

For its part, BuceoConCiencia is a project created by the Spanish, MaibeHermoso, who completed a doctorate investigating the interest of divers in actively participating in science. In that study she realized that divers really wanted to be an active part of marine conservation, but they did not have the knowledge in marine biology, nor did they find a way to acquire it. That is why almost 3 years ago he founded BuceoConCiencia, a marine conservation academy for divers and sea lovers.

Witnessing of what happens underwater

“Diving places us in a privileged position as witnesses of what happens underwater; Therefore, we encourage divers to act accordingly by taking an active role in their protection. From our academy we teach about marine biology in online format, Consciousness Expeditions or international diving trips that focus on the recognition of the marine biodiversity of the places we visit,” explained Hermoso.

Islas Murciélago is a rocky archipelago in Guanacaste just west of Isla Colorada. It is a protected territory as part of the Santa Rosa National Park that has a diverse variety of fauna and marine life in an area regularly visited by tourists and divers.

Academic meeting

During the trip to Costa Rica, Hermoso will visit marine conservation projects in the country carrying out different activities. Apart from the diving tour to Murciélago Islands, on November 3 (4 p.m.) a talk titled “The Importance of Sharks in Marine Ecosystems” will be offered in the Auditorium of the School of Marine Biology of the University of Costa Rica (UCR). The meeting will have interpretation in LESCO language.

The Shark Tower page explains that the ocean ecosystem necessarily requires a good population of sharks because these large predators are responsible for regulating the food chain, providing the ecosystems with a balance necessary for their sustenance.

“The shark is the specimen in charge of maintaining the oceanic food chain, since it feeds on the most abundant species, generating a balance between the population levels of the different species that make up the ecosystems,” points out that digital source.

In addition, on November 10, at 2 p.m., another conference called “Diving as a tool for economic transformation in fishing areas” will be offered in the Pacific Marine Park of Puntarenas.Those who wish to know more details about both events in Murciélago Islands and San José can call Mantas Costa Rica at 6046 9363.

The post Promoting Diving as a Marine Conservation Practice in Costa Rica appeared first on The Costa Rica News.

 2023 will mark a record year for tourism by Costa Ricans abroad.Not only will the number of travelers be recovered before the Covid-19 health emergency, but a new record will be set.

 At the end of August, the authorities of the Costa Rican Tourism Institute (ICT) counted 767,752 national travelers, for an average of 95,969 per month.This means that if the average is maintained, at the end of December the country would add 1,151,628, which is slightly lower than the 2019 record of 1,152,758.However, it is also true that in the last months of the year a high travel season begins and with it the average skyrockets.

 For example, for December of last year, 132,624 domestic travelers were registered, which almost doubled some months in 2022 and was the highest record of the period.

Solid recovery

 “Our recovery is solid, as shown by the figures for the first half of 2023, and the effects of the pandemic are being felt less intensely,” said William Rodríguez, previously Minister of Tourism.

2023: the year of full recovery

After the pandemic, which meant an abrupt drop in the number of domestic travelers for 2020, tourism by Costa Ricans abroad has been recovering, but without yet reaching the number of travelers before the health emergency.

 The good news is that if the average number of national departures is maintained for the rest of the year, Costa Rica would reach the 2019 figures and possibly have a record number at the end of 2023 according to figures from the Costa Rican Tourism Institute.

 Favorite destinations

On the other hand, the favorite destinations of Costa Ricans are Panama, the United States and Mexico. Likewise, the ICT reports thousands of trips to other places such as Nicaragua and Colombia, also motivated in part by the family ties of migrants in national territory.

 In that sense, Mauricio Ventura, former minister of tourism, referred to the importance of tourism for Costa Ricans, since it is also part of the engine that moves the economy.

 “The tourism development of recent decades in Costa Rica has been considered for several years as the engine of economic and social development of the country.  “No one doubts today the contribution in investment as well as in the production of employment distributed throughout the national territory and much less the generation of foreign currency, positioning itself in the pre-pandemic years as the main productive sector,” said Ventura.

The post 2023 Will Mark a Record Year For Tico Tourism Abroad appeared first on The Costa Rica News.

The Costa Rican – North American Chamber of Commerce (AmCham) celebrates the exclusion of Costa Rica from the list of non-cooperative countries in tax matters of the European Union (EU), an achievement that will enhance the country’s image and its ability to attract greater foreign investment . .

 It is essential to highlight that the country will maintain the territorial income system, an appropriate model for emerging economies and net importers of capital, which require encouraging local and foreign investment, as is the case of Costa Rica.

Overcoming significant challenges

 “This paves the way to overcome significant challenges facing businesses and foreign investment in Costa Rica. This milestone reflects constructive cooperation in promoting fair and transparent business practices. In addition, it allows us to provide greater legal security to promote the attraction, retention and generation of investments,” highlighted Silvia Castro, president of AmCham.

AmCham recognizes the work of the deputies who resealed the law to remove the country from said list, as well as the collaboration of the European Union and all the parties involved in this process.

The post Exclusion of Costa Rica from the EU Blacklist Will Boost Foreign Investment, According to Amcham appeared first on The Costa Rica News.

After months of controversy over how to amend the situation, Costa Rica was finally left off the list of non-cooperative countries in tax matters of the European Union.Minutes before 6:00 a.m. local time, the European Council published the official update to the list.

Regarding the country, they highlighted that the necessary legal adjustment was made. “Costa Rica was removed from the list because it has modified the harmful aspects of its foreign income exemption regime,” they point out.

 The discussion in the country included a special commission in the Legislative Assembly, a veto from the Government and constant communication with the counterpart.

 The Legislative Assembly approved a law reform to address the observations of the European bloc, which was partially vetoed by the president, Rodrigo Chaves, when he questioned changes included and which, he argues, benefit companies in the payment of taxes.

 After the debate and almost at the limit of the deadline to comply with the EU review, the Legislative Assembly achieved the reseal with 38 votes, the minimum required.

The list of controversy

The list of non-cooperative countries emerged in 2017. The European Union justifies that it is a global contribution to tax governance around the world, above all to avoid the erosion of the tax base and profit shifting.

 The EU Economic and Financial Affairs Council (Ecofīn) evaluates countries based on “fiscal transparency and fairness and the application of international standards.”This body is made up of the ministers of the European countries that are members of the bloc.

 Since 2020, an update has been made twice a year.  These generate two lists: I (with countries with problems, where Costa Rica was) and II (with countries in improvement processes).

The post A crucial time to redefine practices in the tourism industry appeared first on The Costa Rica News.

Investing in Costa Rica has become an attractive option for many individuals and businesses looking to expand their portfolios or establish a presence in Central America. Known for its stable democracy, commitment to environmental sustainability, and strong economic growth, Costa Rica offers numerous opportunities across various sectors. However, like any investment destination, there are pros and cons to consider before making the decision to invest in this vibrant country.

Pros of Investing in Costa Rica:

Political Stability: Costa Rica has maintained political stability for decades, with a long-standing history of democracy and peaceful transitions of power. This stability provides a favorable environment for investors, reducing the risk of political upheaval and ensuring the protection of property rights and contracts.

Strong Economic Growth: Costa Rica has experienced consistent economic growth, driven by sectors such as tourism, technology, agriculture, and manufacturing. The country’s strategic location, skilled labor force, and investment-friendly policies contribute to its robust economy, offering potential returns on investments.

Renewable Energy Focus: Costa Rica is a global leader in renewable energy production, with a goal of becoming carbon-neutral by 2050. The country’s commitment to sustainability presents opportunities for investing in clean energy projects, such as solar, wind, and hydroelectric power, which align with global environmental trends.

Highly Educated Workforce: Costa Rica boasts a well-educated workforce, with a literacy rate of over 97%. The country invests heavily in education, emphasizing English language skills and technical training. This educated labor pool provides investors with access to skilled professionals across various sectors.

Rich Biodiversity and Natural Beauty: Costa Rica is renowned for its rich biodiversity and stunning natural landscapes. The country’s commitment to ecotourism and sustainable development attracts visitors from around the world. Investors can take advantage of the growing tourism industry by investing in hotels, resorts, or eco-friendly ventures.

Cons of Investing in Costa Rica:

High Cost of Living: While Costa Rica offers numerous advantages, the cost of living can be relatively high compared to other countries in the region. This can impact business expenses, salaries, and ultimately, profitability. Investors need to carefully analyze the cost structure and potential returns on investment.

Complex Bureaucracy: The bureaucracy in Costa Rica can be cumbersome and time-consuming, particularly for foreign investors. Navigating through permits, licenses, and regulatory processes may require patience and local expertise. Engaging legal counsel or consulting with experienced professionals can help streamline the investment process.

Infrastructure Challenges: While Costa Rica has made significant progress in developing its infrastructure, there are still challenges to overcome. Some remote areas lack quality roads, telecommunications, and reliable public transportation systems. Depending on the nature of the investment, these infrastructure limitations may impact operations and accessibility.

With a population of approximately 5 million people, Costa Rica has a relatively small domestic consumer base. This may pose challenges for businesses primarily reliant on the local market. However, the country’s strategic location and free trade agreements can provide opportunities for exporting goods and services to larger markets like North America.

Fierce Competition: Costa Rica’s attractiveness as an investment destination has led to increased competition, particularly in sectors such as tourism, real estate, and technology. Investors must carefully assess market saturation and competition levels to ensure the viability and profitability of their investments.

Investing in Costa Rica offers a range of benefits including political stability, strong economic growth, a focus on renewable energy, a highly educated workforce, and natural beauty. However, potential investors should also consider the high cost of living, complex bureaucracy, infrastructure challenges, limited domestic market, and fierce competition. Conducting thorough market research, seeking local expertise, and weighing the pros and cons will help investors make informed decisions and maximize their chances of success in Costa Rica.

The post Investing in Costa Rica: A Sound Decision for You to Consider appeared first on The Costa Rica News.

Costa Rican automotive authorities confirm that the country is experiencing a rise in the sale of electric automobiles, due to an increase in supply and models.  In addition, people lost that ‘fear’ of acquiring them, finding security, better infrastructure and options.

 According to data from the Ministry of Environment and Energy, during 2022 more than 1,800 electric vehicles were registered with the Property Registry, which meant an increase of more than 40% compared to 2021.

Just another normal vehicle

 “The commitment that is being felt by consumers and the offer of electric vehicles is very important to achieve the objectives and goals that Costa Rica has for decarbonization.  The consumer now sees the electric vehicle as just another normal vehicle, they are no longer afraid of it and see options for its use,” said Alberto Antillón, energy director of the Ministry of Environment and Energy (MINAE).

 During 2022, Costa Rica reached 99% clean energy production, according to the National Energy Control Center (CENCE).  The country promotes decarbonization and the development of clean energy for mobility, it is an important part of that objective.

 “I think the most important thing to highlight is that we are in an excellent year for the automotive market, we are going to close the year with more than 55 thousand units, which shows a great opportunity for the electric mobility sector,” said Carlos Aguilar, Executive Director of the Association of Vehicle and Machinery Importers (AIVEMA).

Promoting the Sustainable Future

 The information emerged after the discussion “Electromobility: Promoting the Sustainable Future”, which included the participation of different figures from the automotive and environmental sector such as Alberto Antillón, Energy Director of MINAE;  Carlos Aguilar, Executive Director of AIVEMA;  Daniel Castillo, President of ELCO and Alberto Phillips, Regional Product Manager at AutoStar.

 Electric mobility is already a reality in the country, and it is where these vehicle companies seek to head as a mobility route.  This creates a unique opportunity to go hand in hand with the brand’s future plan, where it gradually seeks to have 100% electrification of their product portfolio.

The post Costa Ricans “Lose Fear”: Purchase of Electric Vehicles Increases in the Country appeared first on The Costa Rica News.

An alliance developed between Reserva Conchal, McGill University of Canada and the Salve Monos Foundation, will allow, among other advantages, to create real-time alerts to report accidents involving wildlife to take immediate measures and;  Incidentally, generate information on the points where these types of incidents occur most frequently.

 This effort promotes the integration of learning in sustainability and the generation of support strategies for Non-Governmental Organizations in Guanacaste together with advanced students in areas such as data analysis, artificial intelligence and sustainability from McGill University.

 According to SalveMonos records, in 2022 there were a total of 206 wildlife accidents such as run overs, dog attacks or falls.  80 percent of that figure were electrocutions, mostly from howler monkeys (Allouatapalliata).

Taking immediate action

 The new tool consists of a report that can be located at mono-sos.com where the person can access to enter the accident data so that SalveMonos can take immediate measures such as taking the animal to a veterinarian or transferring it to a wildlife shelterif necessary.

 Inés Azofeifa, Researcher and Field Director of SalveMonos, indicated that the information entered by citizens through the reports will generate information on which are the geographical points where accidents are reported with the greatest recurrence.

Allowing better decisions

 “This will allow us to make better decisions such as;  For example, if on the site it is more appropriate to build wildlife crossings, locate underground wiring or put in wiring protected with insulation,” Azofeifa explained.

 First steps

In an official event organized and held in ReservaConchal on October 11, the results were shown by McGill University, which indicated that the collection of reports in relation to the areas most prone to wildlife accidents has already taken five months.

The web tool instantly offers “heat maps” that identify, according to report coordinates, the sites with the highest frequency and type of accident presented.  Based on this information, ReservaConchal, within its sustainability strategy, will invest a budget of $25,000 in order to design and install flyovers for monkeys in Guanacaste.

Magnifying the positive impacts

 “We faithfully believe that it is possible to magnify the positive impacts of our actions if we enhance them with ideas, knowledge and technologies from allied organizations.  “We are very pleased to present the first results of the joint work with McGill University and excited about everything new that is coming,” said Fabián Fernández, hospitality manager at FIFCO ReservaConchal.

 Juan CamiloSerpa, specialist in Artificial Intelligence at McGuill University, pointed out that the use of technology is essential to promote environmental sustainability.

 “I want us to promote the use of artificial intelligence for sustainability and the environment.  What we want to do is place QR codes on rented cars in Guanacaste where people can enter the report form,” explained Serpa.

 The president and Founder of SalveMonos Costa Rica, Simonetta Danielle, added that the application is characterized because it is easy and immediate to use for nationals and foreigners, tourists or residents and for this reason, it will prevent accidents that affect wildlife.

 In conjunction with McGill, other additional applications were also developed that will soon be made known to the population, some of them related to improving crop control through applications and others related to monitoring potential environmental impacts of business units in real time in the zone.Among the goals of this project is to create a leading interactive center in sustainability using artificial intelligence.

The post Technological Tool Will Allow Reporting Wildlife Accidents in Real Time and Detecting Sites for Construction of Air Bridges in Costa Rica appeared first on The Costa Rica News.

Traditionally, the last months of the year stand out for being the high season for the commercial sector due to the Christmas season, specifically, due to the greater number of celebrations and purchases made by consumers.  Due to this, businesses tend to increase the hiring of personnel for a certain period of time;  that is, only during that high season.

 However, according to specialists, it is important to take certain considerations before making this type of hire.  With this, carry them out correctly and avoid situations that affect the worker or the employer.

Fix term

 Precisely, Ricardo Nassar, specialist at Baker Tilly Costa Rica, commented that the first characteristic that employers who want to hire workers for a fixed term in the coming months have to take into account is that the fixed-term contract is an exceptional contract.

 This means, he mentioned, that it is prohibited to agree on a contract for a specific period of time or for work, if there is no extraordinary reason that forces the business or employer to do so.

Nassar explained that, in this sense, article 26 of the Labor Code indicates that “the employment contract may only be stipulated for a specific period in those cases where its conclusion results from the nature of the service to be provided.  If after expiration of its term the causes that gave rise to it and the subject matter of the work subsist, it will be considered as a contract for an indefinite period, as long as it benefits the worker, that in which the nature of the work is permanent.

 This, he added, means that the employer necessarily has to have an extraordinary reason that allows him to agree to that contract for a specific time and this reason must persist over time.

The Christmas season

 Precisely, an example of this is the Christmas season, in which businesses traditionally project a considerable increase in customer visits to their premises compared to other months of the year, which forces them to have more staff to attend to this increase of customers.

Errors when hiring for a specific period

According to the Baker Tilly Costa Rica specialist, the main mistake of employers is precisely to hire people for a certain period of time without having an extraordinary reason that allows them to do so.  This is because, in labor law, there is a principle of continuity that is established as a rule, which is why fixed-term contracts are exceptional.

 Another aspect to take into account is that a fixed-term contract can only be agreed for a maximum duration of one year.  This unless the services being contracted require special technical preparation, in which a period of up to five years can be reached.

 “There is an illegal employer practice, which consists of the signing of several consecutive fixed-term contracts, which, together, exceed the terms indicated above.  This is done with the aim of evading legal responsibilities such as labor settlements;  or, use compliance with a contractual deadline as an objective reason to terminate a pregnant woman’s employment contract, for example, without incurring discriminatory dismissal,” Nassar mentioned.

 He added that it is important to note that, at the end of a contract for a fixed period, the employer must not pay notice or severance pay to the worker.  This occurs because at the end of the agreed term, what occurs is a termination of the contract, and not a dismissal with employer responsibility.  However, what must be paid to the worker at the end of his contract for a fixed period is the equivalent of the proportional vacation and bonus.

Nassar mentioned that the fixed-term contract has the same characteristics as any other employment contract.  In it, he said, all aspects regulated in the Labor Code must be included and that the parties are interested in agreeing on from the beginning of the employment relationship.  The only difference is that in the fixed-term contract the period that will be worked is established;  that is, one, two, three, or more months and the reasons why it is contracted under that modality.

Sustained over time

 Another important aspect that the specialist highlighted is that the extraordinary reason or justification that the employer is giving for making a contract for a specific period of time must be sustained over time, which means that, once the term of the contract has expired, the employer will There should not be the need to count on the person hired for a specific time.

“The main recommendation that can be given is that employers seek specialized advice when making contracts, this to avoid contingencies due to poorly made contracts.  This advice will allow us to know if the employer can really make a contract for a specific time or for a specific project,” concluded Nassar.

The post Will You Hire Staff for the High Season in Costa Rica? Take These Recommendations into Account appeared first on The Costa Rica News.

Investing in Guanacaste, Costa Rica can be a profitable venture, as the region is known for its stunning beaches, rich biodiversity, and growing tourism industry. If you’re considering small business ideas for investing in Guanacaste, here are some options to explore:

Eco-tourism

Guanacaste is home to several national parks and protected areas, making it an ideal location for eco-tourism ventures. Consider starting a nature tour company that offers guided hikes, birdwatching tours, or wildlife spotting excursions. You can also offer educational programs and eco-friendly accommodation options to promote sustainable travel.

Beachside café or restaurant

With its pristine coastline, Guanacaste attracts a significant number of beach-loving tourists. Investing in a beachside café or restaurant can be a great way to capitalize on this influx of visitors. Consider offering a menu that includes fresh seafood, tropical drinks, and local cuisine to give customers an authentic taste of Costa Rica.

Adventure sports center

Guanacaste appeals to adventure enthusiasts with its diverse landscapes and thrilling activities. Establishing an adventure sports center can cater to these adrenaline junkies. Offer activities such as surfing lessons, zip-lining, scuba diving, ATV tours, or even paragliding adventures. Providing equipment rentals and expert guides will attract both beginners and experienced adventurers.

Wellness retreat

Costa Rica is renowned for its wellness offerings, including yoga, meditation, and holistic therapies. Create a wellness retreat center that offers relaxation and rejuvenation experiences for tourists seeking a break from their hectic lives. Partnering with experienced instructors and offering spa treatments, healthy meals, and yoga retreat packages can be highly appealing to wellness-conscious travelers.

Sustainable accommodations

As more travelers seek eco-friendly options, investing in sustainable accommodations can be a wise choice. Build an environmentally conscious hotel or eco lodge that utilizes renewable energy sources, minimizes water consumption, and promotes responsible tourism practices. Emphasize the natural beauty of Guanacaste in your design and provide amenities that align with sustainable principles.

Artisan crafts and souvenirs

Costa Rica’s vibrant culture and artisanal traditions make it a perfect place to invest in handmade crafts and souvenirs. Set up a store that sells locally made products such as hand-woven textiles, pottery, jewelry, or coffee beans. Collaborating with local artisans and ensuring fair trade practices will add value to your business and support the local community.

Spa and wellness products

Develop your own line of organic or natural spa and wellness products using local ingredients such as tropical fruits, herbs, and essential oils. From soaps and lotions to candles and aromatherapy blends, these products can be sold online, in local shops, or even at your own spa facility.

Remember, before pursuing any business idea, conduct thorough market research, understand the local regulations and cultural nuances, and create a well-defined marketing strategy for success. With a strategic investment and a focus on sustainability and quality, a small business venture in Guanacaste, Costa Rica can provide both financial rewards and the satisfaction of contributing to the region’s thriving tourism industry.

The post SMEs Investment Options In Guanacaste: A Sound Decision appeared first on The Costa Rica News.

The traditional way of raising investments for any real estate or selling a property in a short time will be a thing of the past, according to two entrepreneurs who have combined their knowledge in real estate and technology to develop a business model that promises to revolutionize this market segment.

 Catalina Víquez and Kendall Pecou, COO and CEO of the company Portfolio Token, respectively, have successfully worked on the development and promotion of a concept based on the purchase and sale of properties through blockchain, which allows the asset to be segmented into tokens, non-fungible (NFTs) and allow for greater profits in less time.

Revolutionizing the industry

 “This modality is going to revolutionize the industry for many benefits, among them the increase in liquidity to a business model as ‘square’ as real estate, because a house can cost $100,000 and it can take up to years to sell, while which in this case becomes much more expeditious by being able to sell the NFTs immediately,” explains Pecou.

 Another benefit that this model highlights is the prolonged permanence of the capital value of the property, given that the token is not affected by exchange devaluations or other factors.

How does a real estate NFT work?

         What is it:NFT (Non-Fungible Token) Real Estate represents the possession of virtual properties using blockchaintechnology.  In this case they represent physical properties.

         Benefits:Access to innovative investment opportunities and diversification of digital assets that can be bought and sold in significantly faster times than a normal property.

         Threats:Regulations still in process and lack of market maturity.

Tips for investing in NFT Real Estate:

Evaluate the reputation of the platform, study market trends and understand the underlying value of the virtual property. “The seller can decide how many NFTs he divides his ownership into, and the greater the number of tokens, the greater the chances of making a profit, but the value of each one may be lower;  or he can divide it into fewer parts,” explains Víquez.

 The executives affirm that the learning curve around this new way of negotiating in real estate is in process, however, they have found openness in a good portion of those who make up this segment, by virtue of which they hope to spread this model to the masses very soon and even offer it in other latitudes.

 “Our intention is to provide the necessary advice to people who wish to invest or sell, explaining the model and its advantages.  In this sense, we have had contact with people who, having mastered blockchain technology, find this way of taking advantage of these platforms very attractive, as well as others who, upon learning about it for the first time, are interested in learning more,” adds the expert.

 This process offers important added values such as eliminating geographical barriers when it comes to the purchase and sale of properties, while allowing the participation of a broader group of investors, improving liquidity, according to NicolásSulima, member of the Costa RicaBlockchainAssociation.

“Tokenization also makes it possible to assign minor benefits such as amenities and subscriptions, while blockchain technology records each transaction, guaranteeing the transparency and integrity of the data.  In Costa Rica, real estate tokenization is still in an early stage of development,” indicates the manager.

The post Do You Want to Sell Properties in Costa Rica?  Do It with Cryptocurrencies appeared first on The Costa Rica News.