Menu

Free Tropical Toolkit

Free 44 Page Report: Where to Live Abroad - Your First Steps

Quickly find out which country is right for you.
No-hype updates & resource guides. No Spam. Ever.
Limited offer. Instant Download.

Join More than 34,163 people who are breaking free


we value your privacy

El Salvador: Lowest Levels of Foreign Investment in Central America

Businessmen in El Salvador are increasingly unhappy about the absence of policies to attract foreign investment. Foreign direct investment has declined in recent years, making the country the lowest recipient of FDI in Central America, according to their perception.

Photo Credit: Prensa Grafica

Original Article Text From Prensa Grafica via Google Translate :

El Salvador Without Offering Investment Incentives

Private regret that the country has the lowest levels of investment. The rest of CA executes plans to attract capital.

The private sector regrets that El Salvador will be staying with the smallest slice of the pie of investment in Central America. Each country thought more aggressive strategies for foreign dollars will bring progress, create jobs and be a magnet to attract more companies. Incentives, policies and facilitate the conditions for investors to stay with them.

Guatemala, for example, preparing the Act on Investment Incentives, which provides tax exemptions for export, logistics and infrastructure investment.

Honduras, meanwhile, last year offered benefits and incentives to investors, with the Law on the Promotion and Protection of Investments, and promised all the scaffolding government for items identified as priorities. The country opened to them a range of over 150 projects, valued at $ 15.000 million.

While Nicaragua has also been aggressive and last year opened a forum on investment and benefits offered to investors. It was not bad: Adidas and Nike will begin operating in the country this year and investment in textile sector as a whole could reach $ 125 million.

But the cake investment, Costa Rica and Panama have larger portions: Costa Rica has been allocated this year $ 1.700 million for infrastructure (port, a corridor and roads) and Panama has a five year plan of public investment for more than $ 13.000 million.

According to ECLAC, in the first six months of 2011, Panama received $ 1.426 million investment, Costa Rica $ 1.057 million, Honduras $ 486 million, $ 485 million Guatemala, El Salvador and Nicaragua $ 376 million $ 284 million.

For Arnold Jimenez, executive director of the National Association of Private Enterprise (ANEP), El Salvador does not have the ability to develop large projects in public-private asocios that have allowed other countries stimulate the economy and create jobs. “There is potential for megaprojects. With what you pay for the transportation subsidy ($ 56 million in 2011) can create the articulated buses, but this is a project that is not done for political reasons, “he said.

He added that the lack of legal certainty also haunt the investor, as they hope to recoup their investment in 20-25 years, but this must be sure that they change the rules of the game.

Ismael Nolasco, executive director of the Salvadoran Chamber of Construction (CASALCO), also referred to that if the government spends too much money for grants (totaling the government paid $ 340 million in 2011), is neglected investment, which generates more opportunities, “When investing in ports, remodeling, this does come to work positively to the economy because it comes to generating jobs, taxes and greater availability of the Government for social programs.”

Meanwhile, Ana Vilma de Escobar, Vice President in the previous administration, said that the company APM-to build a port in Costa Rica valued at $ 992 million, is one of the companies that wanted to invest in the port of La Union, but without a concessions law was not intended to more. “The lack of vision of the country makes progress pass us on the one hand and that El Salvador is only a spectator of what is happening, when it could be an actor, a leader in the region, “said De Escobar.

Last year, the Government announced public investment by $ 1.200 million, but only managed to run between 60% -65% of that amount. This year, the goal is $ 900 million.

In a ranking of the 48 most attractive cities in Latin America for investment attraction, produced by a Colombian university, Panama is ranked 7, San Jose, Costa Rica is ranked 23, Guatemala City in 37, in Tegucigalpa Managua on 41 and 43. San Salvador and San Pedro Sula are the tail, 44 and 46, respectively.

Link to Original Article:

From Prensa Grafica

Up Next

Best Place to Live in the World: Power Rankings

The best place to live in the world? Our Power Rankings report will shed some light on how the Latin Tropics stack up against the competition. (Read It)

Central America's Best Real Estate Buy

Don't miss this up and commer. It has the tropical lifestyle, stunning beauty, and smokin appreciation potential. (Read It)

Start Using Your IRA to Invest Overseas

Disappointed in your IRAs past performance? Find out how you can invest in real estate to improve your returns and better your retirement prospects. (Read It)
panama-health-care-01

Panama Health Care – Plan for the Unexpected

It may come as a surprise that Panama health care is as good as in the U.S. and at a much lower cost. However, there are always the unexpected events that can catch even the …

(Read It)
Screen Shot 2015-06-23 at 2.40.55 PM

Podcast – What Happens When a Filmmaker Sets Out to Find the World's Most Notorious Criminal?

After escaping prison in 2001, Joaquin "El Chapo" Guzman became the most wanted criminal in the world. The DEA, FBI, and Mexican authorities were all hunting him, but for some reason they couldn't find El …

(Read It)
love-cuenca-01

Why We Love Cuenca (And You Should, Too!)

The continuing growth in popularity that Cuenca, Ecuador is enjoying comes as no surprise to expats and investors who have made the decision to become part of this thriving Andean Highlands town. The combination of …

(Read It)
photo by Unsplash via pixabay

Those Expats Really Get Around: A Guide to Transportation in the Latin Tropics

When it comes to travel and exploration, they say that getting there is half the fun.  And for expats in the Latin tropics who are just learning how to discover and explore their new surroundings, …

(Read It)
tulum mexico

Tips for Getting the Most out of Tulum, Mexico

When Tulum, Mexico is mentioned, the first images are often of impressive Mayan ruins, stunning beaches, and the vibrant party scene of nearby Riviera Maya. However, the best of Tulum encompasses much more, which is …

(Read It)
boca chica panama

The Honest Truth about Island Living in Boca Chica, Panama

Boca Chica, Panama is the tropical island that can truly be said to be the stuff of dreams. The special combination of a secluded setting that is still less than an hour a away from …

(Read It)

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Hot Real Estate Offer

Real Estate In The Area

Uvita
Costa Rica
Perfectly located hotel for sale in Bahia Ballena within walking distance to Ballena Marine Park, and one of Mother Natures creations, the kilometer long sand b...
For Sale
7 beds
8 bath
Land Size:1 acres
Building Size:4,306 sq.ft.
$349,000
Costa Rica
Brand new 2 bedroom / 2 bathroom House located in the mountains above Dominical at about 1600 ft elevation. It sits on over 7 acres of land with ample flat buil...
For Sale
2 beds
2 bath
Land Size:7 acres
Building Size:1,991 sq.ft.
$349,000
Desamparados
Costa Rica
The farm is located 35 kilometers from San Jose, capital of Costa Rica. It has good access roads, internal and external, the entire estate is surrounded by seve...
For Sale
Land Size:1,396 acres
$16,000,000
See All Listings In The Area
Free Tropical Toolkit
Free 44 Page Report: Where to Live Abroad - Your First Steps
  • Quickly find out which country is right for you.
  • No-hype updates & resource guides. No Spam. Ever.
  • Limited Offer. Instant Download.
*We value your privacy. No spam. Period.