Sunday 2 April 2023

Costa Rica still does not have the regulations ready to attract film investments: Law was signed in 2021

Costa Rica could be a good investment attraction for shooting major blockbuster films

Paying the bills


United States Announces $25 Million to Strengthen Costa Rica’s Cybersecurity  

QCOSTARICA - the United States and Costa Rica affirmed...

US Embassy Costa Rica Semana Santa 2023 Hours

QCOSTARICA - The Embassy and the Consular Section of...

What is Copart & IAAI Auto Auction Bid History?

Are you considering bidding on an automobile at auction...

Top Five Industries for Job Seekers in Costa Rica

Costa Rica is experiencing a booming and diverse economy...

Benefits of using automated trading software

People who are actively involved in trading have definitely...

Government promises to present bill to regulate Uber and DiDi

QCOSTARICA - The Government of Rodrigo Chaves promises to...

Dollar Exchange

¢537.94 Buy

¢545.40 Sell

01 April 2023 - At The Banks - BCCR

Paying the bills


QCOSTARICA – No movies or series. The regulation of the Law to attract film investment has not yet been published and the Foreign Trade Promoter (PROCOMER) confirmed that it is not yet ready.


The legislation was signed in November 2021 and took effect in May 2022.

After a consultation, PROCOMER indicated that on October 14 the regulation was sent for consultation by the Ministry of Economy, Industry and Commerce (MEIC), an institution that issued a report on regulatory improvement with several observations that were coordinated with Immigration and Customs.

- Advertisement -

Given this, some articles that originally appeared in the public consultation were modified and, therefore, a validation process must be carried out with the institutions involved.

Former legislator for the Partido Liberación Nacional (PLN), Carlos Ricardo Benavides, criticized the time that the government has taken to regulate the Law.

The Law allows a refund of up to 90% of the Value Added Tax (VAT) to those productions that exceed half a million dollars, exempts from income tax the payment to actors and producers who receive their remuneration abroad and exempts taxes on the importation of production equipment, costumes, makeup, and scenery, among other things.

For Benavides, the country is losing a lot of money for not having the regulations ready.

In May 2022, PROCOMER confirmed that there are international projects of up to US$8 million that are interested in recording in Costa Rica.


- Advertisement -


- Advertisement -
Paying the bills
Avatar photo
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Government simplifies procedures for foreign investors

QCOSTARICA - President Rodrigo Chaves in the company of the Minister...

Government signs regulations of the Cannabis Law for medicinal and therapeutic use

QCOSTARICA - The regulation of the Cannabis Law for medicinal and...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.