Because of the searing European tax havens like Switzerland feelings and emotions ran high at the moment. Switzerland was threatened with an entry in the black list of the OECD (Organization). This pressure from all sides now enables to work out dragnet investigations in order to catch tax evaders.

According to the recent verdict of the Federal Administrative Court of Bern Switzerland not only will carry out administrative assistance with tax fraud but also with defraudation of tax. For this reason also dragnet investigations on tax evaders could be carried out. The international famous and protected banker’s secrecy of Switzerland is weakened by these legal changes.

The secure anonymity of former days for international investors is no more guarantied. Costa Rica poses an interesting alternative. The country is already called “Switzerland of Central America” and offers in various fields a similar anonymity as it was in Switzerland a short time ago. There are no numbered accounts, but via corporations you can act, open bank accounts and invest. There are no taxes on revenues of foreign countries. Tax on profits with the highest rate of 30% are on a comparatively low level and no taxes are charged on private capital.

Costa Rica is the oldest stable democracy of Latin America and abolished military already in 1949. The high standard of living, a good general education as well as free medical care give the country an outstanding position in comparison to other emerging nations.

Because of its great basic conditions already now Costa Rica offers an attractive alternative for European investors. This is a fact which only will get stronger due to the current European tax politics.