Costa Rica holds the rank for second in Latin America and 15th in the world for retaining local talent. With progressive industrialization and economy, Costa Rica has developed better opportunities for its people.
San José, Puerto Limón, Alajuela, Heredia
Finance Manager, Human Resource Manager, Data Analysts, Machine learning
Top local universities with world rank are mentioned below:
Average salary data of some job titles in Costa Rica:
|Job Title||Average Monthly Salary (CRC)||Average Monthly Salary (USD)|
|Financial Manager||4,690,000 CRC||7119.08 USD|
|General Manager||4,260,000 CRC||5661.87 USD|
|Business Development Manager||3,670,000 CRC||5570.79 USD|
|Financial Analyst||3,060,000 CRC||4250.20 USD|
|Business Analyst||2,800,000 CRC||3992.15 USD|
|Project Manager||2,630,000 CRC||3339.44 USD|
The payroll cycle is Monthly in Costa Rica.
In Costa Rica, the minimum wage varies from CRC10,875.11 to CRC696,873.72 per day for Unskilled workers to Technical Workers (University graduates), respectively.
The standard working hours in Costa Rica are 8 hours a day and 48 hours a week. Overtime in the country is termed as exceptional, and an individual is allowed to extend working hours only on high necessity. The overtime pay is generally 50% of the regular daily wage. However, overtime on a holiday must be compensated at twice the regular wage.
The 13th-month pay in Costa Rica is mandatory.
|Type of Contribution||Contribution|
|Health and Maternity||9.25%|
|Basic Pension Scheme||5.25%|
|Banco Popular Employer Fee||0.25%|
|Social Aid (IMAS)||0.5%|
|Contribution from Banco Popular Employer||0.25%|
|Labor Capitalization Fund||3.00%|
|Complementary Pension Fund||0.5%|
|National Insurance Institute (INS)||1.0%|
|Medical and Maternity||5.5%|
|Disability, Old age and Death Benefits||4%|
|Annual Income (CRC*)||Tax Rate|
|Ranges from 0 to 3,836,000 CRC||0%|
|Ranges from 3,836,000 to 5,729,000 CRC||10%|
|Ranges from 5,729,000 to 9,555,000 CRC||15%|
|Ranges from 9,555,000 to 19,150,000 CRC||20%|
|19,150,000 and above CRC||25%|
*CRC is Costa Rica Colones.
Standard rate of VAT in Costa Rica is 13%.
In Costa Rica, either the employer or the employee can terminate the employment contract without any responsibility.
The notice period in Costa Rica is 14 days.
The severance pay is the average earning of the individual in the last six months of service in Costa Rica.
In order to stay and work in Costa Rica, individuals have to get a “Special Category Permit”. This permit allows the individual to stay and work in Costa Rica under the Ministry of Labour and Social Security.
Special Category Permit includes the following;