List your Property

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.

El Salvador: Lowest Levels of Foreign Investment in Central America

By in All Countries on March 12, 2012
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)
photo by Samoano

Roatan – Jack of All Expat Offerings, Master of Most

So why haven't you already settled on your expat destination in Central America? What's keeping you from pulling the trigger and beginning your official house hunt in your own tropical paradise? Maybe you've fallen in love …

(Read It)
santa-ana-costa-rica-01

Santa Ana, Costa Rica – Traditional Ambience and Modern Convenience

Just a short distance from the bustling and dynamic capital city of San Jose and just minutes from the upscale expat community of Escazu, Santa Ana, Costa Rica has become a unique location where expats, …

(Read It)
Viva Tropical Radio

Podcast – Your Introduction to Biodynamic Farming

Esteban Pereira joins the show to discuss Biodynamic farming. He explains what in the world Biodynamic farming means and how anyone can get started today. The practice originated from talks by Ruldolf Steiner, who was also …

(Read It)
ibarra-ecuador-01

Ibarra: Ecuador's Unique Opportunity for Expat Living and Investing

Far from the vibrant commercial and cultural centers of Guayaquil and Quito, Ibarra, Ecuador offers a potential for a different, more laid-back style of living that can appeal to expats seeking a change of pace …

(Read It)
Investing in el salvador

Here's What Josh Linnes Thinks About El Salvador's Investment Potential

Viva Tropical founder and Latin Tropic Investor, Josh Linnes, just arrived back from a surfing trip to El Salvador where he met a couple of his lifelong friends for an authentic El Salvador surf trip. What …

(Read It)
Viva Tropical Radio

Podcast – How (and Why) to Disappear to Achieve Maximum Privacy

Frank Ahearn, disappearing expert and "Digital Hitman" joins the show to talk about privacy. He tells us how to disappear in a digital world which tracks everything. Also why you have a chance when you move overseas …

(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>

From Our Development

Real Estate In The Area

Nosara
Costa Rica
These large size Villas are located close to Playa Guiones. The property is surrounded with nature retreat with lots of trees and plants around. There are 6 ...
Commercial
Property for Sale
2 beds
$529,000
529,000
USD
Commercial
Property for Sale
Nosara, Costa Rica Latitude: 9.955341
Longitude: -85.663040
Nosara
Costa Rica
This lot in Playa Pelada is ready for your building plans.  Put your mini castle or small mansion right here near the beach.  Featuring beautiful surroundings, ...
Lots/Land
Property for Sale
Land Size:0 acres
$45,000
45,000
USD
Lots/Land
Property for Sale
Nosara, Costa Rica Latitude: 9.958537
Longitude: -85.670471
Nosara
Costa Rica
Surrounded by tropical beauty, you can not go wrong with these gems in Guiones.  Two condominium units to purchase and enjoy, or better yet, use as your investm...
Condos
Property for Sale
2 beds
2 bath
Building Size:861 sq.ft.
$129,000
129,000
USD
Condos
Property for Sale
Nosara, Costa Rica Latitude: 9.944419
Longitude: -85.643730
See All Listings In The Area
List your Property How Listing Works