New Law for the Promotion of Innovation and Technology Manufacturing in El Salvador!

June 27, 2023

Authors: Carlos Moreira and David Cáceres

If you are looking for new investment opportunities and are passionate about the world of technology, you have come to the right place. In this post, we will explore the advantages that El Salvador offers for those interested in investing in the field of technological innovation and manufacturing.

We invite you to discover how this country has become a center of attraction for entrepreneurs and technology companies, and how we can provide you with the advice you need to make the most of these opportunities.

El Salvador's potential in technology

El Salvador is in a stage of accelerated growth in the technological field. The government has implemented Decree No. 722, the Law for the Promotion of Innovation and Technology Manufacturing, with the objective of promoting economic and sustainable development through innovation and technological manufacturing.

This has created a favorable environment for investment in the sector, with tax benefits and tax reductions for investors.

Benefits for investors

If you are considering investing in technology, El Salvador offers a number of attractive benefits. Investors can enjoy full exemption from income tax and withholding, exemption from municipal taxes and capital gains tax, as well as exemption from import taxes for goods needed in their operations.

These tax incentives make El Salvador a highly competitive destination for technology investment.

Requirements and personalized advice

To become a beneficiary of these incentives, it is important to comply with certain requirements and to have the appropriate advice.

As experts in the field of technology investment in El Salvador, we are here to help you every step of the way. Our team of highly qualified advisors will guide you in obtaining the Qualification Agreement issued by the Ministry of Economy, as well as in complying with the obligations established by law.

In addition to providing advice on procedures and requirements, we also offer you updated information on the innovation and technological manufacturing ecosystem in El Salvador.

We will connect you with key players in the country, such as employers and educational organizations, to strengthen your network and maximize your business opportunities.

Contact us for personalized advice! If you are excited about technology investment opportunities in El Salvador and would like to receive personalized advice, do not hesitate to contact us. We are here to answer all your questions, help you evaluate investment options and provide you with the support you need to make the most of this thriving market.

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