On April 27, the Law to Strengthen Territorial Competitiveness that promotes the attraction of investments outside the Greater Metropolitan Area (GAM) was approved.

At its entry into force, the law creates three new company categories to qualify for the free trade zone regime outside the GAM (except for the cantons of Palmares, Sarchí, Grecia, San Ramón and Naranjo): health service centers, sustainable adventure parks, and raw material suppliers.

The benefits for which these companies may opt include an exemption from income tax according to category and a reduction in the payment of social charges for a certain period. Additionally, the reform introduces the possibility that companies outside the GAM can apply investment in public infrastructure and human resources as part of their capital account.