Overseas Property Investment

Savvy investors are looking to Costa Rica more and more as world markets continue to teeter uncertainly.

According to a report on Forbes.com, Moody’s Investors Service “revised the outlook on Costa Rica’s key ratings to positive from stable following ’significant improvement in fiscal and debt positions and the likelihood of the improvement continuing in the medium term’.”

This follows closely on the heels of a similar announcement last month by Standard & Poor’s, which upgraded Costa Rica’s risk rating from “stable” to “positive”.

So, despite a general decline in markets and ratings on the global level, things are humming along in Costa Rica, as the country continues to draw new investors and business ventures. Among the latest and certainly one of the most prestigious new investments, is Amazon.com, Inc., which has announced plans to open a call center in San José to help with the growing demand for customer service in Spanish. The electronic commerce giant will also be hiring English speakers in Costa Rica to help with the coming holiday rush.

Amazon is one of the most popular online retailers in Latin America even though it didn’t even have a Spanish language version of its website until recently. Given the combination of lower wages and an eager and well-educated workforce, the decision to open the San José call center was a no-brainer for the online giant.