Friday, July 25, 2008  | 
President Oscar Arias Announces Incentives to Tourism Investors
 
November 19, 2006
By Zoraida Diaz
 
 
President Outlines Plans To Shake Up Ministry of Tourism
 
Without faster growth in tourism, Costa Rica risked losing 300,000 new jobs,
President Óscar Arias told the country’s biggest industry gathering this
week.
 
“Our priority must be to channel all our efforts to transform the ICT
(Instituto Costarricense de Turismo) into a dynamic institution, aware of
its mission as the industry’s voice, and transforming itself into the
regulating entity in all that affects the tourism sector,” the President
told about 300 professionals at the official opening of the industry trade
show, Expotur.
 
And in further evidence the Arias regime will concentrate on what is
effectively the country’s biggest export earner, the President promised tax
incentives to foreigners willing to invest in tourism.
 
“We must introduce tax incentives, but with control,” he told the
audience. “We cannot afford not to have a policy of foreign investment
incentives. When our competitors are improving daily so that visitors come,
it is because they have simplified the process.
 
“Meanwhile, our investors are subjected to endless nightmares...even just to
build a marina,” Dr Arias said. “There have to be changes”.
 
“The private sector must be integrated in the planning and execution of
programs that look to fulfill tourism needs,” he added.
 
The President also made clear that he aims to jealously guard the country’s
image abroad as a haven for nature that has no army and no history of war.
 
“Love of peace, love of nature: that is to be our country brand,” he told
the audience.
 
That support for tourism and the high priority he clearly gives it has been
received enthusiastically.
 
“There have been commitments made to solve various bottlenecks in the
industry, like infrastructure, security, a reduction in bureaucracy and the
most important, incentives for investment,” said Carlos Lizama, Vice
President of ACOPROT, the Asociación Costarricense de Profesionales en
Turismo.
 
Mr Lizama said there were incentives in place but they had been suspended
for years.
 
“There was a very restrictive interpretation of the legislation for
incentives because there were some abuses, so the reduction has been
gradual, probably starting some ten years ago,” Mr Lizama said.
 
 
 
 
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