- The new office aims to diversify sources of foreign direct investment by positioning Costa Rica in one of the world’s major decision-making centers for global business.
SingaporeMay 1, 2026 /PRNewswire/ — To place Costa Rica at the heart of global investment decision-making, the Costa Rican Foreign Trade Promotion Agency (PROCOMER) has officially opened a new Investment Promotion Office (IPO) in Singapore.
Laura López, CEO of PROCOMER.
The establishment of the new office is designed to forge direct connections with companies and investment funds in the Asia-Pacific region and beyond that are actively expanding, relocating, or launching new operations. This move also marks a key breakthrough in PROCOMER’s three-year strategy to diversify foreign direct investment (FDI) and represents significant progress in reducing reliance on traditional markets.
“Costa Rica is pursuing a long-term, visionary development strategy aimed at becoming a premier destination for high-quality, high-value investment,” said Manuel Tovar, Costa Rica’s Minister of Foreign Trade. “We are not waiting for opportunities to come to us; we are actively seeking them out. The strategic deployment in Singapore is a key part of this effort, helping the country establish a solid operational foothold in the Asia-Pacific region, expand its global influence, and build direct links with key players in global supply chains. Leveraging a stable market environment, world-class talent, and a reliable business climate, Costa Rica continues to attract high-end industries and drive long-term sustainable development.”
The choice of Singapore was a carefully considered strategic decision. With a GDP exceeding $500 billion, Singapore has developed into a major global hub for finance, logistics, and technology innovation, and serves as a crucial gateway to key markets such as Japan, South Korea, and Southeast Asia. Singapore has become a destination for investment in priority industries including semiconductors, electronics, advanced manufacturing, and global services.
“Diversifying FDI sources is of great significance for stabilizing economic growth, withstanding global market volatility, and expanding opportunities for local talent,” said Laura López Salazar. “This office will build a direct communication bridge, connecting Asian investors with Costa Rica’s local business ecosystem, and providing support for companies in the evaluation, establishment, and expansion phases through expert practical guidance.”
Through the new office, PROCOMER will proactively identify and attract high-quality foreign investment, focusing on the country’s advantageous industries, including business services, advanced manufacturing such as medical devices and semiconductors, agribusiness, and tourism infrastructure. These initiatives will align with trends in global value chains.
Costa Rica has long maintained mature and stable cooperative relationships with Asia. In recent years, the country has hosted nearly 50 investment projects from Japan, including operations by companies such as Terumo Corporation, Bridgestone Corporation, and Hitachi Ltd. South Korean companies have also continued to increase their presence in the local market, including firms like SAE-A Spinning.
In addition to attracting new investment projects, the Singapore office will play a vital role in serving Asian companies already established in Costa Rica, supporting the retention and expansion of existing businesses, and encouraging reinvestment and upgrades in production capacity.
The official establishment of the Singapore office is a significant step in Costa Rica’s efforts to deepen its global investment footprint, further solidifying its important position on the global investment map.