Ease of Doing Business in

Costa Rica

Costa Rica Download Profile (1753.5KB, pdf)
Region Latin America & Caribbean
Income Category Upper middle income
Population 4,807,850
GNI Per Capita (US$) 10,210
City covered San José



DB 2017 Rank



DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 62 60 down
68.50 68.49 down
Starting a Business 125 119 down
81.57 81.20 up
Dealing with Construction Permits 53 49 down
74.63 74.61 up
Getting Electricity 27 22 down
85.04 85.01 up
Registering Property 52 52
73.39 73.39
Getting Credit 7 7
85.00 85.00
Protecting Minority Investors 165 166 up
35.00 35.00
Paying Taxes 62 60 down
78.98 79.03 down
Trading across Borders 71 69 down
79.32 79.86 down
Enforcing Contracts 125 125
52.41 52.41
Resolving Insolvency 107 106 down
39.62 39.37 up
  • info_outline Information
  • list View details
  • open_in_new View methodology
  • language Compare all economies

DB 2017 Rank:


DB 2016 Rank:


Change in Rank:


DB 2017 DTF (% points):


DB 2016 DTF (% points):


Change in DTF (% points):


Indicator Costa Rica Latin America & Caribbean OECD high income
Strength of legal rights index (0-12) info_outline 10 5.3 6.0
Depth of credit information index (0-8) info_outline 7 4.8 6.5
Credit registry coverage (% of adults) info_outline 30.5 13.0 12.1
Credit bureau coverage (% of adults) info_outline 100 41.2 67.1
Strength of legal rights index (0-12)  
Does an integrated or unified legal framework for secured transactions that extends to the creation, publicity and enforcement of functional equivalents to security interests in movable assets exist in the economy? Yes
Does the law allow businesses to grant a non possessory security right in a single category of movable assets, without requiring a specific description of collateral? Yes
Does the law allow businesses to grant a non possessory security right in substantially all of its assets, without requiring a specific description of collateral? Yes
May a security right extend to future or after-acquired assets, and may it extend automatically to the products, proceeds or replacements of the original assets? Yes
Is a general description of debts and obligations permitted in collateral agreements; can all types of debts and obligations be secured between parties; and can the collateral agreement include a maximum amount for which the assets are encumbered? Yes
Is a collateral registry in operation for both incorporated and non-incorporated entities, that is unified geographically and by asset type, with an electronic database indexed by debtor's name? Yes
Does a notice-based collateral registry exist in which all functional equivalents can be registered? Yes
Does a modern collateral registry exist in which registrations, amendments, cancellations and searches can be performed online by any interested third party? Yes
Are secured creditors paid first (i.e. before tax claims and employee claims) when a debtor defaults outside an insolvency procedure? Yes
Are secured creditors paid first (i.e. before tax claims and employee claims) when a business is liquidated? No
Are secured creditors subject to an automatic stay on enforcement when a debtor enters a court-supervised reorganization procedure? Does the law protect secured creditors’ rights by providing clear grounds for relief from the stay and/or sets a time limit for it? No
Does the law allow parties to agree on out of court enforcement at the time a security interest is created? Does the law allow the secured creditor to sell the collateral through public auction and private tender, as well as, for the secured creditor to keep the asset in satisfaction of the debt? Yes
Score (number of "yes" responses) 10
Depth of credit information index (0-8) Credit bureau Credit registry Score
Are data on both firms and individuals distributed? Yes Yes 1
Are both positive and negative credit data distributed? No Yes 1
Are data from retailers or utility companies - in addition to data from banks and financial institutions - distributed? Yes No 1
Are at least 2 years of historical data distributed? (Credit bureaus and registries that erase data on defaults as soon as they are repaid or distribute negative information more than 10 years after defaults are repaid receive a score of 0 for this component.) Yes Yes 1
Are data on loan amounts below 1% of income per capita distributed? Yes Yes 1
By law, do borrowers have the right to access their data in the credit bureau or credit registry? Yes No 1
Can banks and financial institutions access borrowers’ credit information online (for example, through an online platform, a system-to-system connection or both)? Yes Yes 1
Are bureau or registry credit scores offered as a value-added service to help banks and financial institutions assess the creditworthiness of borrowers? No No 0
Score ("yes" to either public bureau or private registry) 7
Coverage Credit bureau Credit registry
Number of individuals 6,400,000 986,654
Number of firms 670,000 22,019
Total 7,070,000 1,008,673
Percentage of adult population 100.0 30.5