El Salvador recently passed the Law for the Promotion of Innovation and Technology Manufacturing.
Who does it apply to, and what are its benefits?
The law applies to all companies in:
- information systems
- software
- technology management, maintenance, and consulting
- cybersecurity solutions
- 'big data' analytics
- artificial intelligence
- cloud computing services
Additionally, companies that specialize in:
- computer hardware manufacturing
- robotics
- nanotechnology
- technology parts assembly
What are the incentives for these companies?
- income tax exemption
- municipal tax exemption
- capital gains tax exemption
- import tariff exemption
These exemptions will be in place for _fifteen years_.
These benefits will apply to both natural persons and corporations domiciled in El Salvador; to Salvadoran nationals as well as foreigners.
There will be no minimum investment requirements to qualify for these benefits.
All this will position El Salvador as a hub of innovation in the region, catapulting the local economy and creating many opportunities.
The future is in El Salvador 🇸🇻🔥
https://twitter.com/rodrigoayalasv/status/1648862073911230475?s=46
gersonmartinez / Gerson Martinez
npub17r…xdlyk
2023-04-20 05:19:47
Author Public Key
npub17rn8yr2rdev4tc55jtwpcqwluft8zftttuf2r2t5gwnzwvtrw46q4xdlykPublished at
2023-04-20 05:19:47Event JSON
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"content": "El Salvador recently passed the Law for the Promotion of Innovation and Technology Manufacturing.\n\nWho does it apply to, and what are its benefits? \n\nThe law applies to all companies in:\n\n- information systems \n- software \n- technology management, maintenance, and consulting \n- cybersecurity solutions \n- 'big data' analytics \n- artificial intelligence \n- cloud computing services\n\nAdditionally, companies that specialize in:\n\n- computer hardware manufacturing\n- robotics\n- nanotechnology\n- technology parts assembly\n\nWhat are the incentives for these companies?\n\n- income tax exemption\n- municipal tax exemption\n- capital gains tax exemption\n- import tariff exemption \n\nThese exemptions will be in place for _fifteen years_.\n\nThese benefits will apply to both natural persons and corporations domiciled in El Salvador; to Salvadoran nationals as well as foreigners. \n\nThere will be no minimum investment requirements to qualify for these benefits.\n\nAll this will position El Salvador as a hub of innovation in the region, catapulting the local economy and creating many opportunities.\n\nThe future is in El Salvador 🇸🇻🔥\n\nhttps://twitter.com/rodrigoayalasv/status/1648862073911230475?s=46 ",
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