Gerson Martinez

Gerson Martinez's avatar
Gerson Martinez
npub17rn8...dlyk
tick tock next block | strategy @ Volcano Energy
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 🇸🇻🔥