On December 23, 2025, Legislative Decree No. 493 was issued, introducing reforms to the Industrial and Commercial Free Trade Zones Law (the “Law”). The purpose of these amendments is to update the incentive regime, promote reinvestment and employment, and provide greater operational flexibility to Developers, Free Trade Zone Users, and Active Inward Processing Warehouses (“DPA”)….
Category Archives: Blog
Global Wealth Migration and Costa Rica’s Strategic Opportunity The world is undergoing a profound transformation: never before have so many high-net-worth individuals (HNWIs) chosen to live outside their countries of origin. It is no longer just corporate executives relocated by their employers, but entrepreneurs, investors, mobile professionals, and multinational families who decide where to live…
BLP’s summary of the most important regional news and opportunities offers an overview of the economic, social, and political landscape of Central America at a glance. Costa Rica Economic Outlook 2026: Inflation, Interest Rates, and Exchange Rate Analysts foresee relative economic stability, with inflation expected to remain within the Central Bank’s target range. Interest rates…
BLP advised Signature Aviation, the world’s leading network of private aviation terminals, on its participation in the process for the design, construction, and operation of a new general and business aviation terminal at Daniel Oduber Quirós International Airport (Guanacaste Airport) in Liberia, Costa Rica. The firm’s advisory role included the preparation and submission of the…
BLP advised Bancolombia, in its role as structuring bank, and Banco Agrícola, as both structuring bank and lender, on a project finance transaction of approximately US$46 million granted to Renovatio Solar, S.A. de C.V., an AES subsidiary, for the development and construction of a solar power plant with a capacity of up to 55 nominal…
The Government of Guatemala, through Governmental Agreement No. 256-2025, approved an increase to the minimum wage, which entered into force on January 1, 2026, and is mandatory for all employers as of that date. The adjustment applies to all economic activities, with differentiated increases by sector: 5.5%: Agricultural 7.5%: Non-agricultural 4%: Export and maquila As…
BLP advised ResponsAbility AG on a US$10 million credit facility granted to CoopeAnde for the expansion of its SME loan portfolio. BLP advised ResponsAbility AG, a global impact asset manager, in connection with a direct loan in the amount of US$10 million granted to CoopeAnde, aimed at supporting the growth of its small and medium-sized…
In line with its commitment to talent development, the continuous strengthening of its practice areas, and the promotion of female leadership within the firm, BLP announces the promotion of new Partners and Special Counsel in its Business Law and Labor & Employment practices, further consolidating its regional leadership and its ability to support clients in…
Effective management of labor holidays is essential to ensure operational continuity and regulatory compliance, particularly for organizations operating across multiple Central American jurisdictions. With this in mind, the Labor & Employment team at BLP presents the 2026 Labor Holiday Calendar, a comprehensive resource that consolidates the official holidays of Costa Rica, Guatemala, El Salvador, Honduras,…


