El Salvador provides opportunities for investment across multiple industries such as aeronautics, agroindustry, medical devices, electronics, and offshore business services. It has a solid political and economic environment with a young workforce and is centrally located for access to large markets in North and Central America. The country works to promote investment through legal incentives and tax benefits while ensuring compliance with international standards in sectors like aircraft maintenance.
Medical devices industry in Mexico will show you some of the most important medical devices companies already doing business in Mexico and the way to leverage on this country as a cost competitive strategy
Medical devices industry in Mexico will show you some of the most important medical devices companies already doing business in Mexico and the way to leverage on this country as a cost competitive strategy
when you go through this ebook, you will learn:
Key indicators and growth trends about the automotive and auto parts industries in Mexico.
Top 10 Automotive OEMs and their forecasts for the following years
Top 10 Auto parts demanded for imports and exports in Mexico
Mexico's Industrial incubator program
Should you have more questions in regards to how to start doing business in Mexico, contact us at www.AmericanIndustriesGroup.com
Head and Regional Office Sector Profile Value PropositionHalifax Partnership
The Greater Halifax Partnership released the findings of their Head and Regional Office (HRO) Report. This value proposition illustrates why HROs are viable for the city of Halifax.
The Mexico's Industrial Incubator Program was designed to help companies to start business operations with automotive, aerospace, electronics, medical devices and oil and gas supply chains in key regions throughout Mexico minimizing the investment and risk of entrance into a country with unfamiliar laws, culture and even language or most importantly: how to do business and WHO to do it with.
The incubator program will help you to try Mexico and to see if being in this country will be profitable for you or not.
To learn more go to www.AmericanIndustriesGroup.com/incubator
Soaring club growth morgan hall pasco 2013Morgan Hall
Slide deck from my talk on growing club membership for soaring clubs. Glider operations that are clubs or commercial can improve their membership, attrition and activity with some simple actions.
21 Flavors of Medication Adherence: One Sheet of 21 ideas presentedErin L. Albert
Here are 21 ideas on how to increase or improve medication adherence for patients, as presented by the respective speakers at the Butler University COPHS CE Symposium on July 25, 2013.
Compartir conocimientos. ¿Solo una tendencia o una nueva forma de actualizaci...Ignacio Basagoiti
"La informatica sin duda ha cambiado los habitos de conducta de la poblacion en general. Imagenes tomadas de peliculas de ciencia ficcion son cada vez mas cotidianas en nuestra realidad, y la mayoria de las innovaciones tecnologicas hace nuestra vida mas comoda.
El entorno de la salud, considerado en sentido amplio (organizaciones asistenciales, politicas preventivas, la educacion sanitaria, los autocuidados, etc.) tambien esta cambiando. Todos los que en el trabajamos tenemos la obligacion de adaptarnos y mejorar nuestros resultados gracias al uso de las Tecnologias de la Informacion (TIC), no solo por pura profesionalidad y etica, sino porque los pacientes nos exigiran pronto aquellas utilidades que ya su banco, su cine o su trabajo les ofrece.
when you go through this ebook, you will learn:
Key indicators and growth trends about the automotive and auto parts industries in Mexico.
Top 10 Automotive OEMs and their forecasts for the following years
Top 10 Auto parts demanded for imports and exports in Mexico
Mexico's Industrial incubator program
Should you have more questions in regards to how to start doing business in Mexico, contact us at www.AmericanIndustriesGroup.com
Head and Regional Office Sector Profile Value PropositionHalifax Partnership
The Greater Halifax Partnership released the findings of their Head and Regional Office (HRO) Report. This value proposition illustrates why HROs are viable for the city of Halifax.
The Mexico's Industrial Incubator Program was designed to help companies to start business operations with automotive, aerospace, electronics, medical devices and oil and gas supply chains in key regions throughout Mexico minimizing the investment and risk of entrance into a country with unfamiliar laws, culture and even language or most importantly: how to do business and WHO to do it with.
The incubator program will help you to try Mexico and to see if being in this country will be profitable for you or not.
To learn more go to www.AmericanIndustriesGroup.com/incubator
Soaring club growth morgan hall pasco 2013Morgan Hall
Slide deck from my talk on growing club membership for soaring clubs. Glider operations that are clubs or commercial can improve their membership, attrition and activity with some simple actions.
21 Flavors of Medication Adherence: One Sheet of 21 ideas presentedErin L. Albert
Here are 21 ideas on how to increase or improve medication adherence for patients, as presented by the respective speakers at the Butler University COPHS CE Symposium on July 25, 2013.
Compartir conocimientos. ¿Solo una tendencia o una nueva forma de actualizaci...Ignacio Basagoiti
"La informatica sin duda ha cambiado los habitos de conducta de la poblacion en general. Imagenes tomadas de peliculas de ciencia ficcion son cada vez mas cotidianas en nuestra realidad, y la mayoria de las innovaciones tecnologicas hace nuestra vida mas comoda.
El entorno de la salud, considerado en sentido amplio (organizaciones asistenciales, politicas preventivas, la educacion sanitaria, los autocuidados, etc.) tambien esta cambiando. Todos los que en el trabajamos tenemos la obligacion de adaptarnos y mejorar nuestros resultados gracias al uso de las Tecnologias de la Informacion (TIC), no solo por pura profesionalidad y etica, sino porque los pacientes nos exigiran pronto aquellas utilidades que ya su banco, su cine o su trabajo les ofrece.
Presentation made by Ms Ana María Badel, Director of Probarranquilla (Infrastructure/ports), Columbia at the India LAC Investment Conclave. The conclave is being organised by FICCI in New Delhi. More details at indialacconclave.com
Opportunity Arabia conference
Thursday 2nd October 2014
Omar Bahlaiwa
Secretary General, Saudi Committee for International Trade
'The Kingdom of Saudi Arabia: The Gateway to Investment Opportunities in the Middle East'
This workshop is organized by the MNIB in collaboration with the Ministry of Finance and the Inter-American Council for Integral Development of the Organization of American States (OAS/CIDI). It is the first phase of the ‘Cluster Formation Project’ which is carried out under the ‘Export Competency Development in Support of the Export Strategy of Grenada’.
This presentation is an overview of the Marine portfolio that Reed Exhibitions U.S. International Sales Group has to offer. In addition, it overviews Reed Exhibitions relationship with the U.S. Department of Commerce.
PROESA invita a empresas exportadoras o con potencial exportador a formar parte del programa Exportar en Línea, donde conocerán acerca de las Herramientas Virtuales para la Internacionalización de Productos y Servicios. Fecha Límite para aplicar: 11 de Octubre de 2013. Inscríbase llenando este formulario: http://proesa.gob.sv:8080/
More from Organismo Promotor de Exportaciones e Inversiones de El Salvador (20)
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
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what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
El Salvador, a Country of Opportunities - January 2014
1. A country of opportunities
January 2014
1
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
2. El Salvador
Capital
San Salvador
Official Language
Spanish
Area
21,041 Km2 / 8,124 sq mi
Population
6.2 million (2012)
GDP Nominal (2012)
23,865 million USD (2012)
Currency
$USD
Time Zone
UTC -6
Chalatenango
Santa
Ana
Cabañas
Ahuachapán
EL SALVADOR
San
Salvador
Sonsonate
La
Libertad
La Paz
Morazán
San
Vicente
Usulután
San
Miguel
La
Unión
Gulf of
Fonseca
islands
2
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
3. El Salvador
• Solid economic environment
• International view of El Salvador
• Commercial openness & strategic location
• Investment Opportunities in El Salvador
3
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
4. Central American Market
Central
America
Country
EL SALVADOR
GUATEMALA
HONDURAS
NICARAGUA
COSTA RICA
PANAMA
San Salvador
Guatemala City
Tegucigalpa
Managua
San Jose
Panama City
Spanish
Spanish
Spanish
Spanish
Spanish
Spanish
Area (‘000 Km2)
21.0
108.9
112.1
130.4
51.1
75.4
498.9
Population (‘000,000)
6.2
15.1
8.2
6.0
4.7
3.7
43.8
GDP PPP 2012
(Bn USD)
46.3
78.7
37.8
26.7
58.8
57.1
305.4
GDP per capita PPP (USD)
7,438
5,209
4,610
4,458
12,606
15,617
6,966.2
Average inflation rate
2008-2012
2.7%
4.8%
6.3%
8.8%
6.6%
4.9%
Currency
Dollar
USD
Quetzal
GTQ
Lempira
HNL
Cordoba
NIO
Colon
SJC
Dollar
USD
Time Zone
UTC -6
UTC -6
UTC -6
UTC -6
UTC -6
UTC -5
Capital
Official Language
70% of the population and commerce
concentrates in ES, GT, and HN.
Source: Multi –Purpose Household Survey,
Central Reserve Banks, and IMF.
4
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
5. Fringe benefits
represent 20.67% of nominal wage
140%
Fringe Benefits + Annual
Severance Provision
29%
120%
Sector
Monthly
Minimum Wage*
Daily Wage
100%
Agriculture
$ 113.70
$ 3.79
80%
Maquila
$ 202.80
$ 6.76
60%
Industry
$ 237.00
$ 7.90
Commerce & Services
$ 242.40
$ 8.08
Nominal
Wage
100%
40%
20%
0%
1
Fringe benefits paid by the employer (20.67% of nominal wage)
Social Security (ISSS)
7.50%
Retirement Fund
(AFP)
6.75%
Christmas
Bonus
* Effective since January 2014
** Provision in case of termination of contract
*** Applies to companies with more than 10 employees
Source: Ministry of Labor El Salvador
Annual Severance
Provision**
8.33%
4.17%
Training Fund
(INSAFORP)***
1.00%
Vacations paid yearly
1.25%
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
5
6. Young Population
Female
52.8%
Male
47.2%
Average Age
(Estimates)
Guatemala
>= 70
20.7 years
65 - 69
60 - 64
Honduras
45 - 49
23.7
El Salvador
50 - 54
21.6
Nicaragua
55 - 59
25.1
40 - 44
35 - 39
M 23.7
30 - 34
F 26.6
25 - 29
Panama
15 - 19
10 - 14
28.0
Costa Rica
20 - 24
29.6
5-9
0
0-4
15.0%
10.0%
5.0%
0.0%
0.0%
5.0%
10.0%
10
20
15.0%
EAP: 2,724,754
Source: Multi-Purpose Household Survey 2012, CIA World Factbook
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
6
30
7. El Salvador
•
Solid political & economic environment
•
International view of El Salvador
•
Commercial openness & strategic location
•
Investment Opportunities in El Salvador
7
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
8. International view of El Salvador
Index
El Salvador
Guatemala
Honduras
Nicaragua
Costa Rica
Panama
Human Development
Index (2012)
107
133
120
129
62
59
Index of Economic
Freedom (2013)
53
85
96
110
49
71
Ease of Doing Business
(2014)
118
79
129
124
102
55
Freedom in the World
(2013)
Free
Partially
Free
Partially Free
Partially
Free
Free
Free
97
86
111
99
54
40
88
72
58
56
31
61
129
78
90
71
32
85
135
115
114
97
102
80
88
105
79
99
107
132
129
76
125
57
42
125
47
37
48
5
4
89
Rankings (2013-2014)
• Global
Competitiveness
• Procedures to start
a business
• Infrastructure
• Roads
• Airports
• Mobile Telephones
• Taxes
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
8
9. El Salvador
•
Solid political & economic environment
•
International view of El Salvador
•
Commercial openness & strategic location
•
Investment Opportunities in El Salvador
9
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
10. Legal Framework
• Equal treatment to national & international investors
Investment Law
• Liberty to transfer funds and profits abroad
• Access to local financing
International
Services Law
• Incentives to strategic sectors (contact centers, BPO’s, maintenance and repair
of airplanes, logistics, etc.)
• Total permanent tax exemptions (income and municipal taxes) and import
duties.
• Incentives to industrial activities
Free Zones Law
• Tax exemptions (income, municipal taxes and real estate transfers) and
import duties.
Tourism Law
• Incentives to industrial activities
• Total permanent taxes exemption (income and municipal taxes) and
import duties.
Renewable Energy
Incentives Law
Construction
Projects Procedure
Streamlining Law
• Customs duties exemption on imports of machinery, equipment and materials
• Income tax exemption for a period of 5 to 10 years
• Total tax exemption on revenues from the sale of Certified Emission Reductions
• Creation of a One-Stop-Office for the reception and processing of construction and
land fragmentation project applications.
• Development of a centralized computer system to track applications.
• Publication of updated information about requirements, administrative
procedures, criteria and environmental and cultural zoning.
• Procedure streamlining (if a public authority does not resolve within the
established deadlines, it shall be understood that the resolution has been issued in
favor of the applicant).
10
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
11. Commercial Openness
Access to a potential market of
1,200 million people
11
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
12. Main Trade Partners and Export Products
Main Trade Partners*
Others
5%
El Salvador Exports 2012
USD 6,659 million
United States
46%
Goods: USD 5,339 million
Services: USD 1,320 million
Japan
1%
Chile
1%
Canada
1%
Germany
1% Spain
Central America
38%
Main Export Products*
Apparel
37%
1%
Dominican
Republic Mexico Panama
2%
2%
2%
Agroindustry
16%
Food and
beverages
8%
Others
5%
Source: Central Reserve Bank
Mineral
products
4%
Textiles
4%
Chemical products
5%
Machinery and
Metal-mechanic
mechanical
industry
products
5%
5%
*The trade partners and export products´ share are calculated as a percentage of
total goods exports for 2012.
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
Plastics and rubber
6%
Paper products
5%
12
13. Strategic
Location
•
•
•
•
•
Main airlines serving
El Salvador
Main Freight Companies
Air Cargo
Maritime
• DHL
• UPS
• Arrow
•
•
•
•
MAERSK
CROWLEY
MSC
SEABOARD
•
•
•
•
NIPPON
CSAV
APL
Hamburg Süd
Regular charter
flights
(Montreal, Toronto)
13
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
16. El Salvador
•
Solid political & economic environment
•
International view of El Salvador
•
Commercial openness & strategic location
•
Investment Opportunities in El Salvador
16
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
17. Foreign Direct Investment
Stock 2012 USD 8,634.9 million (36.2 % of GDP)
17
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
19. El Salvador offers an aircraft
maintenance, repair and overhaul
(MRO) industry for commercial
aircraft, which has successfully placed
the country on the global aviation map.
The successful operations of
Aeroman, a member of Canadian MRO
group Aveos, are widely recognized
within the emerging Latin American
aeronautical clusters.
Aeronautics
Compliance with international certifications ensuring the
highest quality required in aircraft maintenance services.
19
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
20. El Salvador:
Quality in aircraft maintenance services
Technical Universities and Institutes have specialized curricula
developed in conjunction with the private enterprise to ensure the
availability of skilled labor.
In addition to maintenance services for commercial aircraft, a
variety of other companies in the emerging aerospace clusters
offer the following services:
• R44 helicopter and corporate airplane maintenance.
• Distribution and warehousing services for aircraft parts.
• Component maintenance shops.
• Ground Services.
• Light sports aircraft (LSA) airframe, wing tip, and engine
part manufacturing in composite materials, etc.
• Aircraft harness system assembly.
• Refurbishment on older Light Sports Aircraft (LSA) models.
A Free Trade Zone Law and an International Services Law which
provides tax incentives to these types of manufacturing.
Available land for the development of industrial operations next
door to the International Airport of El Salvador, under Public
Private Partnership (PPP) mode.
Investment Opportunities in Aeronautics:
• Commercial aircraft maintenance service operations.
• R44 helicopter maintenance operations.
• Light Sports Aircraft (LSA) airframe part manufacturing.
• Painting and maintenance of commercial aircraft interiors.
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
20
21. For investors in agro industry and
entrepreneurs who seek a platform to
produce and export, El Salvador offers
attractive opportunities in the following
sectors:
• Fruit Farming
• Aquaculture
• Ornamental plant farming
• Food & Beverages
These sectors are highly favored by
good weather and easy access to
regional and international markets.
Agroindustry
Climate, tax incentives and a platform connected
to additional markets.
21
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
22. El Salvador:
A production and export platform
• El Salvador possesses suitable climatic and soil conditions for
fruit and ornamental plant farming.
• Suitable soil and climatic conditions for the production of a
wide variety of tropical fruits.
• Availability of water resources for the sustainable development
of aquaculture.
• Negotiated trade agreements open the possibility for the sector
to expand to regional and international markets.
• The country has optimal interconnections for the trade and
• Competitive labor costs.
transport of agro industrial products.
Investment Opportunities in Agro Industry:
•
Aquaculture Sector: Development of the production chain through the supply of young fingerlings, feed and other inputs to attain
productivity and quality of aqua cultured products.
•
Fruit Farming Sector: Development of supporting industries for the provision of supplies, equipment, quality vegetative materials
and processing technology for the expansion of crops of avocado, Persian lime, coconut and organic products.
•
Processed Foods Sector: Opportunities in the development of complementary industries in a sector in continuous growth in areas
22
such as: packaging, process technology, machinery and equipment.
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
23. International medical device
manufacturing companies will
find in El Salvador a strategic
partner to be used as a
platform for export to markets
in North America, Central
America and the Caribbean.
Medical Devices
Rapid access to markets
23
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
24. El Salvador:
A strategic partner in medical devices
• El Salvador has tax incentives that encourage the
establishment of foreign companies within a regulatory
framework.
• Investors enjoy rapid access to markets with a potential of
1,200 million people through the existing FTAs and thanks to
its strategic location.
• The country has focused on developing industrial and service
parks boosting industrial growth, especially in the textile and
plastics sectors.
• El Salvador is a pioneer in Latin America in the training of
professionals in prosthetics and orthotics, putting a highly
skilled workforce at the disposal of businesses.
Investment Opportunities in Medical Devices:
• Disposable laboratory and diagnostic equipment.
•
Hospital linen and disposable clothing.
•
Hospital furniture.
•
Orthopedic products.
•
Packing and packaging of disposable medical devices.
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
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25. El Salvador offers a successful platform for
electronic component manufacturing, with
over 30 years of proven credibility. The
country has experience in the manufacture of
ceramic and tantalum capacitors in
compliance with required international
standards.
This has enabled the country to acquire and
implement state-of-the-art technology and
know-how.
The high quality, efficiency and productivity
of operations in El Salvador have ensured the
transfer of manufacturing plants from
England, the Czech Republic, Mexico, China
and the U.S., achieving continued expansion
in all processes.
Electronics
High productivity and quality manufacturing at competitive costs.
25
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
26. El Salvador:
A platform for electronic components manufacturing
• Setting of strategic alliances with academia to ensure availability
of skilled workforce.
• Existence of a Law on Free Zones offering tax incentives to this
type of manufacturing.
• E-cluster in formation around the AVX Kyocera Company in El
Salvador.
• The best international airport in the region just 35 minutes from
San Salvador, and 2.5 hours from Miami.
• Wide local supply chain in place in the areas of
metalworking, plastics, support systems, automation
systems, engineering, transport and chemicals, among others.
• Available land for the development of industrial operations next
door to the International Airport of El Salvador under Public
Private Partnership (PPP) mode.
• Electrical network system with strong capacity for expansion.
Investment Opportunities in Electronics:
• Electronic component manufacturing and production.
• Electronic equipment and parts assembly.
• Cell phone electronic component repair.
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
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27. For offshore business service firms seeking
to enter markets in the U.S. and Spanishspeaking countries, El Salvador is a strategic
partner for providing quality multi-region
business services.
Our dynamic business
environment, strategic location for nearshoring, time-zone complementarity and
the outstanding performance of our
bilingual human resources
(English/Spanish), makes us a strategic
platform for companies offering global
services.
The modern and advanced local
telecommunications infrastructure ensures
the delivery of quality services and costeffective location for this industry.
Offshore Business Services
Cost effective near-shore location, based on a state of the art
telecommunications platform which guarantees your global offer.
27
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
28. El Salvador:
Complementary strategic partner for multi-region operations
• Strategic location in relation to English- and Spanish-speaking
customers (shorter flight times from North and South America).
• Exceptional performance against key indicators (KPIs) such as
Sales, C-Sat, FCR, etc.
• Same time zone for primary customers (U.S. and Canada) and
Spanish-speaking markets (91% of the global Spanish-speaking
population).
• Complementary service to other geographical areas and highend front-office services.
• Time-zone complementarity for customers in Europe and Asia
(24/7 possibility).
• Young and committed workforce (60% of the population under
35 years).
• Cultural affinity of the workforce with priority markets.
• Friendly, hardworking and service-oriented people with neutral
English and Spanish accents.
Investment Opportunities in Offshore Business Services:
• Voice Business Process Outsourcing (Call Centers)
• Non-voice Business Processes Outsourcing (BPOs)
28
• Shared Service Centers (KPOs)
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
29. El Salvador offers the opportunity to
invest in health establishments
catering to patients living in the U.S.
and Canada, taking advantage of the
geographical proximity to those
markets, the low costs of health
professionals and the fast connections
between medical facilities and
enviable landscape sites..
Health Services
Geographical proximity to the main countries of origin of medical
tourism, offering quality services at low costs
29
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
30. El Salvador:
Strategic location and excellent connectivity between touristic sites
• The strategic location of El Salvador and the presence of TACA
airline's hub in the country provide excellent air connectivity to the
U.S. and Canada (2 hours from Miami and 5 hours from Los
Angeles by direct flight).
• The best road infrastructure in the region allows visiting the wide
variety of tourist attractions the country offers in a short time
(beaches, lakes, volcanoes, colonial cities, etc.) .
• The community of Salvadorans abroad, about 2 million people, is
A natural market who constantly visits the country and buys
health treatments locally.
• The existence of qualified medical professionals who have earned
postgraduate degrees abroad offer their services at very
competitive costs.
• There is a Law on International Services that encourages the
establishment of health centers.
Investment Opportunities in Health Services:
• Hospitals
• Specialized clinics
• Rehabilitation centers
• Medical spas
• Hospitals Resorts for treatment of chronic diseases.
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
30
31. El Salvador offers attractive
investment opportunities to
specialized textile and clothing
companies wishing to enter the
regional Central and North American
markets based on the favorable tariff
conditions of FTAs with the U.S.
(CAFTA) and the European Union.
El Salvador offers a vertically
integrated industry, which promotes a
competitive high-fashion, highturnover garment manufacturing
industry.
Specialized Textiles and Apparel
Vertically integrated industry with easy access to markets
31
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
32. El Salvador:
Specialized textile and apparel sector environment
• More than 260 textile and apparel companies have established
themselves in the country, including internationally recognized
companies such as Pettenati, George C. Moore, UNIFI, Swisstex, CS
America and APS.
• The rule of origin granted by the CAFTA-DR Free Trade Agreement
allows free access for textiles manufactured in the region with yarn
produced in Central America.
• A cluster of companies that use synthetic fibers
(nylon, polyester, micro fiber, among others –products paying a 32%
tariff when imported from Asia through the U.S.) is in the process of
consolidation.
• The country offers a wide variety of services, including
embroidery, industrial laundry, dyeing and finishing, cutting and
packing, which have been a great support to the manufacturing
operations of companies such as HBI, Fruit of the Loom, Adidas and
Lacoste, among others.
• The evolution of the manufacturing scheme from "maquila" to "full
package" has developed the supply chain through materials
distribution centers, required for vertical integration and
sustainability of the industry.
Investment Opportunities in Specialized Textiles and Apparel:
• Manufacture of yarn and fabrics.
• Manufacture of knitted garments with accessories and embellishments (embroidery, screen printing, heat transfers, etc.).
• Manufacture of garments included in the “Single Transformation” category: bras, girl dresses, boxer shorts, sleepwear and luggage.
32
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
33. El Salvador offers attractive tourism projects
in various stages of development that take
advantage of a wide array of attractions
located close to each other (surf
spots, beaches, mountains, lakes, volcanoes).
The country has a historical past inherited
from the Maya, a pleasant climate all year
round, competitive pricing of land, low
construction costs and proximity to
important markets of origin of international
tourism.
Tourism
Surf, fishing, adventure tourism and the
Maya world ... all in one place.
33
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
34. El Salvador:
Variety of close-by touristic attractions
•
Tax incentives regulated by a Law on Tourism.
• Short flight times from North and South America.
• Foreign investors have the opportunity of acquiring property
in their own name.
• The International Airport of El Salvador handles more than
470 arrivals and departures every week.
• Competitively priced land and low construction costs.
• Pleasant climate all year round.
• Rapid access to a variety of tourist attractions.
• Warmth and friendliness in tourist service.
Investment Opportunities in Tourism:
• Mixed-use developments .
• Hotels: Urban, Resort, Boutique, Bed & Breakfast, Eco-lodge, Hostels.
• Vacation homes.
• Properties with tourism potential
34
• Marinas
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
35. For companies producing consumer
goods seeking to sell to larger
markets, El Salvador, the ‘logistics hub of
Central America,’ provides air and
seaport zones with tax incentives for
manufacturing, logistics and
distribution, becoming a gateway to
U.S., Asian and European markets.
El Salvador has the
infrastructure, geographical proximity
and free trade agreements to ensure
easy and timely access to large markets.
Logistics
Easy and timely access to large markets.
35
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
36. El Salvador:
Strategically located and available infrastructure
• Convenient location: Proximity to the trans-Pacific route
(connecting Asia and the Americas); proximity to the Panama
Canal (1. 5 days by sea); rapid maritime access to U.S. markets on
the East and West coasts; and rapid road access to the Southern
and Eastern U.S. markets.
• Maritime infrastructure available to receive large ships: La Union
Centroamericana Port with the potential to become the leading
container port on the Pacific coast of Central America.
Puerto de Acajutla, located in Sonsonate
• Land connectivity: The port is located 371 km. away from Puerto
Cortes (Honduras Atlantic Coast); 8 hours from the border with
Mexico; and 34 hours from the U.S. border (Texas).
• Air connectivity with rapid access to U.S. markets from the
International Airport of El Salvador. Approximate flight durations:
Miami: 2:30 hours; Los Angeles: 4:00 hours; Houston: 4:00 hours;
New York: 5:00 hours; Panama: 1:30 hours.
Puerto La Unión, located in La Unión
Investment Opportunities in Logistics:
• Logistics activity zones in the proximity of seaports.
• Airport logistics center
36
• Distribution centers
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
37. El Salvador is an ideal destination for
companies wishing to do footwear
manufacturing operations at competitive
costs, and offers:
FTAs with flexible rules of origin and
preferential access conditions
Attractive tax incentives, and
A productive and young labor force
El Salvador's commitment is to develop a
vertically integrated production
chain, ranging from the manufacture of
components to the production of
finished footwear.
Logistics
Footwear
Easy and timely access to large markets.
A platform to export to large markets.
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
38. El Salvador:
An ideal platform for assembly and export of footwear
• The FTAs signed by El Salvador provide flexible rules of origin to
facilitate the entry of this product in important markets:
Advantages:
• The Free Zones Law offers attractive tax incentives to this type of
manufacturing.
• Availability of a competitive, productive and committed
workforce.
• There is a developed industry with over 50 years of experience
and with the participation of foreign investors such as Nanyang
Footwear, that already has assembly operations in the country.
• The rule of origin issued by the United States allows the manufacturer
to incorporate prefabricated components in third countries and access
the market without tariffs. This rule of origin does not set a minimum
requirement of value added.
• The Association Agreement with the European Union gives free and
immediate access to this market for footwear products manufactured
in El Salvador. The rules of origin allow use of third-country raw
materials and parts, and export the final product duty free.
• The FTA with Mexico allows the aggregation principle to meet the
requirement of 50% of national value added.
Sector opportunities
•
Manufacturing and production of footwear.
•
Assembling components of footwear.
•
Manufacturing of components and supplies footwear industry.
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
38
39. Services provided by PROESA
Business
opportunities
Information on investment opportunities in strategic industries, as well as of
the incentives and investment advantages of those industries.
Statistics and customized industry information.
Strategic
information
Information on set-up and operational costs, regulations, availability of human
capital, business climate and any other information required in the country
evaluation process.
Personalized attention to specific enquiries.
Advisory and
technical
assistance
Organization, logistics and coordination of tailored agendas for visits to El
Salvador. Specialized support before, during and after commercial and
recognition visits.
Assistance to potential investors in the generation of local business contacts.
Comprehensive support in procedures required to establish or expand
business operations in the country.
39
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
40. EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
Edificio D'Cora Primer Nivel, Urb. Santa Elena, Antiguo Cuscatlán, La Libertad, El Salvador, C.A.
www.proesa.gob.sv
+503 2241 6400
info@proesa.gob.sv
@Proesa_sv
PROESA El Salvador
40
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
Editor's Notes
Source: Multi-Purpose Household Survey 2012 and Central Reserve BankTotal population: 6,249,262 inhabitantsGDP nominal (2011) USD 23,139 millionGDP nominal (2012) USD 23,865 million
El Salvador’s population data is based on the Multi-Purpose Household Survey. The population data from the restof countries are IMF estimates of2013. ________________________________________________________________________________________________________________________Updated: January, 2014Quick facts of El Salvador:Dollarized Economy Hedges Currency RiskLowest average inflation rates in Central America (2.7% for the period 2008-2012)Low Interest Rate EnvironmentGross domestic product based on purchasing-power-parity (PPP) valuation of country GDPGross domestic product based on purchasing-power-parity (PPP) per capita GDPGDP per capita PPP (US$) for Central America: Total GDP PPP of C.A./ total population of C.A. InflationEnd of period consumer prices, percent changeSource: IMF. El Salvador’s Inflation rate (2012) was verified with BCR data. The Central Reserve Bank updates inflation rates monthly.IMF updates its databases every 6 months.Country 2008 2009 2010 2011 2012 Prom 2008-2012 Estimatesafter:Costa Rica 13.9 4.0 5.8 4.7 4.6 6.6 2011El Salvador 5.5 0.1 2.1 5.1 0.8 2.7 2011Guatemala 9.4 -0.3 5.4 6.2 3.4 4.8 2011Honduras 10.8 3.0 6.5 5.6 5.4 6.3 2011Nicaragua 19.8 3.7 5.5 8.1 7.2 8.8 2012Panama 6.8 1.9 4.9 6.3 4.6 4.9 2012
January 2014Sector Monthly Min Wage Daily WageAgriculture $113.70 $3.79Maquila $202.80 $6.76Industry $237.00 $7.90Commerce & Services $242.40 $8.08Effective since: January 2014July 2013Sector Monthly Min Wage Daily WageAgriculture $109.20 $3.64Maquila $195.00 $6.50Industry $228.00 $7.60Commerce & Services $233.10 $7.77Effective since: July 2013Christmas BonusPaid annually in December (it is not necessary to make a monthly provision). The amount is calculated according to the number of years served:1-3 years =15 days salary 3-10 years =19 days salary 10 years or more =21 days salary).Christmas Bouns: 4.17%Fringe benefits paid by the employer (20.67% of nominal wage)FringeBenefits Total: 29%Effectivesince:January 2014Christmas BonusPaid in December (it is not necessary to make a monthly provision) and is calculated according to the number of years served in the company: 1-2 years = 10 days of salary3-9 years = 15 days of salary10 or more = 18 days of salaryChristmas Bouns: 2.78%Fringe benefits paid by the employer (19.28% of nominal wage)Fringe Benefits total: 27.61%Effectivesince:July 2013_______________________________________________________________________________________________________________________Labor Laws (Regulations)Work Day Period 8 hours Work Night Period 7 hoursTotal Weekly Period 44 hours for day shifts and 39 hours for night shifts. The Law considers day shifts to be from 6:00a.m. to 7:00p.m. and night shifts to run from 7:00p.m. to 6:00a.m. For night shifts, there is a 25% surcharge on salary.Overtime: Day 100% basic salaryNight 125% basic salaryHolidays 100% basic salaryNumber of Payable Official Holidays• January 1st• Holy Week’s Thursday, Friday, and Saturday• May 1st• June 17th• August 3rd, 5th and 6th• September 15th• November 2nd• December 25th Annual Vacations:Vacations are paid once per year and correspond to 30% of a 15-day salary. Social Security (ISSS): The Employer pays an amount equivalent to 7.5% of the base salary. For the calculation of this contribution, a maximum of USD685.71 will be considered as base salary. Training Fund (INSAFORP)Applicable only to companies with 10 or more employees. The employer pays an amount equivalent to 1% of the base salary.Retirement Fund (AFP):The Employer contributes with 6.75% of the base salary, divided as follows:4.05% To the Employee´s Fund2.70% AFP Commission. Annual Severance Provision (Compensation for unjustified dismissal): This provision is used in case of unjustified dismissal. Thirty days will be paid for each year of service provided, and proportionally for fractions of a working year. To calculate compensation, no salary will be greater than for times the current minimum wage (Art. 58, Labor Corde). The law does not require companies to maintain this provision, but obliges payment in case of unjustified dismissal.
EAP: El Salvador´s 2012 Economically Active PopulationThe young workforce in El Salvador is prone to learn fast.MPHS 2012 EmploymentUnemployment 6.1%Underemployment 30.7%Workforce (PEA) 20122,724,754Schooling 20126.4 grades
Global Competitiveness Index 2012-2013 (total countries evaluated: 144)RankingsIndicadores El Salvador Guatemala Honduras Nicaragua Costa Rica Panamá Number of proceduresTostart a business Ranking 88 129 135 88 129 47Value 8 12 13 8 12 6Infraestructure Ranking 72 78 115 105 76 37 Score (1-7) 4.01 3.83 2.81 3.14 3.92 4.89Roads Ranking 58 90 114 79 125 48 Score (1-7) 4.28 3.45 2.92 3.74 2.73 4.75Airports Ranking 56 71 97 99 57 5 Score (1-7) 4.81 4.45 3.99 3.95 4.81 6.27Mobile Telephones Ranking 31 32 102 107 42 4subscriptions/100 pop 138.07 137.32 93.15 89.77 128.32 186.73Taxes Ranking 61 85 80 132 125 89Value (% profits) 35 40.9 40.3 65 55 42Values are on a 1 to 7 scale with 7 being the most desirable outcome.Human Development Index 2012 (total countries evaluated : 187)____________________________________________________________________________________________________________________Updated January 31st 2013.The Heritage Foundation Index of Economic Freedom is updated in January, once a year.The closer to 1 the better. El Salvador Guatemala Honduras Nicaragua Costa Rica PanamáIndex of Economic Freedom 2011 3979 99 98 49 59Index of Economic Freedom 2012 41 82 93 101 44 55Index of Economic Freedom 2013 53 85 96 110 49 71Index of Economic Freedom 2013. Total number of countries evaluated: 185Human Development Index (2011)ES 105GUA 131HN 121NI 129CR 69PAN 58Human Development Index (2012)ES 107GUA 133HN 120NI 129CR 62PAN 59DOING BUSINESS 2013(total countries evaluated: 185)El Salvador Guatemala Honduras Nicaragua Costa Rica Panama 93 125 119 110 61DOING BUSINESS 2014(total countries evaluated: 189)El Salvador Guatemala Honduras Nicaragua Costa Rica Panama118 79 129 124 102 55
LEGAL FRAMEWORKConstruction Projects Procedure Streamlining Law This law aims to speed up the approval of permits and authorizations for construction and land fragmentation projects throughout the national territory, regardless of its nature. Benefits: Creation of a One-Stop-Office (Oficina Integrada) for the reception and processing of construction and land fragmentation project applications. Development of a centralized computer system to track applications. Publication of updated information about requirements, administrative procedures, criteria and environmental and cultural zoning. Procedure streamlining (if a public authority does not resolve within the established deadlines, it shall be understood that the resolution has been issued in favor of the applicant, enabling him to continue with the process)Construction and land fragmentation projects prohibited by the legal system are excluded from the benefits established in this Law. Likewise, it excludes individual projects for the construction of houses or commercial premises; as well as remodeling, modifications, restorations or rehabilitationsof immovable cultural heritage; subparcelling, simple land segregations and projects regulatedby the Special Law of Land Fragmentation for Housing Purposes (Ley Especial de Lotificaciones y Parcelaciones de UsoHabitacional). ____________________________________________________________________________________________________Investment lawObjective: Aims to encourage investment in general, and in particularforeign investment, with the purpose of contributing to economic and social development of El Salvador, through an increase in productivity, the generation of new jobs, exports of goods and services, as well as production diversification.Benefits:Procedure Streamlining: so domestic and foreign investment can be easily established and developed.Equal treatment to all investors: foreign and national investors have the same rights and obligations, discriminatory measures that hinder the establishment, administration, use, extension, sale and liquidationof investments may not be used against them.Freedom to invest: Any natural or legal person, national or foreign, can invest in El Salvador, except for those investments limited by law, without discrimination of nationality, place of residence, race, gender or religion.Transfer of funds abroad: foreign investors are guaranteed the right to transfer funds abroad, without delay and with the freedom to convert currency through the banking system.Access to local financing: foreign investors have access to local financing available through the financial system and its institutions.Protection of property and Security: in accordance with the Constitution, foreign and national investors are guaranteed protection of their property and the right to the free disposition of their assets.Creation of the national Office of investment (ONI): This Office was created as a dependency of the Ministry of economy. It is responsible for facilitating, centralizing and coordinating government procedures carried out by domestic and foreign investors for the execution of their administrative, tax, immigration, and economic obligations, as well as the production of statistics related to these investments. International Services Law (includes 2013 reforms)Objective: This law was approved in 2007 and reformed in 2013 by the Salvadoran Government to promote foreign investment in strategic services:International DistributionInternational logistics operationsInternational call centers (call centers o contact center)Information technologiesResearch & DevelopmentAircraft Maintenance Repair and Overhaul (MRO)Vessel Maintenance Repair and Overhaul (MRO)Business Process Outsourcing (BPO)Heatlh ServicesInternational Financial ServicesContainer Maintenance Repair and Overhaul (MRO)Technological equipmentRepairElderly and nursing careTelemedicineCinematographyInternational services law provides tax incentives to companies dedicated to providing services to foreign customers. To enjoy these benefits companies may establish in services parks or service centers, a unique concept in the Central American region.Benefits:Exemption of tariff and other duties on the import of machinery, equipment, tools, spare parts, accessories, furniture and other goods which are necessary for the execution of the activity, during its operation in the country.Total exemption on income tax during its operation in the country.Total exemption from municipal taxes on the assets of the company. Free Zones Law (includes 2013 reforms)Objetive: It regulates and offers tax incentives to exporting companies, domestic or foreign which make use of free zones. Free zones are industrial parks which are allowed to elaborate goods that are considered as if they were not in the national customs territory, with respect to import and export taxes. Incentive activities:Production, assembly, manufacturing, processing, transformation or marketing of industrial goods, covered in Chapter 3 and from chapter 25 thereafter of the harmonized system. Fishing of marine species to be submitted for industrial processing, such as preparations, canned, derivatives or byproducts; as well as their respective processing and marketing.Cultivation, processing and marketing of flora species produced under protected structures in greenhouses and laboratories.Breeding and marketing of species of amphibians and reptiles in captivity.Ethylic alcohol dehydration.Benefits:Exemption of tariffs and other duties imposed on importsof machinery and equipment required for export production, during the period the company carries out its operations.Exemption of tariff and other duties imposed on imports of raw materials and other equipment necessaryfor the implementation of the activity, during the period the company carries out its operations.Exemption of tariff and other duties on lubricants, fuel and other substances necessary for productive activity, during the period the company carries out its operations.Exemption on income tax as follows:Location of the Percentage Period of exemption Period of exemptionFree Zone or DPA of Exemption companies in Free Zone companies operating as DPASan Salvador Metropolitan Area* 100% For 15 years For 10 years 60% For the next 10 years For the next 5 years 40% For the next 10 years For the next 10 yearsOutside the metropolitan area 100% For 20 years For 15 years 60% For the next 15 years For the next 10 years 40% For the next 10 years For the next 10 yearsAdditionally, shareholders benefit, since the profits or dividends from the activity, are exempt from income tax during the first 12 years. Municipal tax exemption according to the following table:Location of the Percentage Period of exemption Period of exemptionFree Zone or DPA of Exemption for companies in Free Zone for companies operating as DPASan Salvador Metropolitan Area* 100% For 15 years For 10 years 90% For the following 10 years For the following 5 years 75% From then on From then onOutside the metropolitan area 100% For 20 years For 15 years 90% For the following 15 years For the following 10 years 75% From then on From then on*Metropolitan area:San Salvador Metropolitan Area includes the municipalities of Antiguo Cuscatlán, Santa Tecla, Apopa, Ayutuxtepeque, Cuscatancingo, Ciudad Delgado, Ilopango, Mejicanos, Nejapa, San Marcos, San Martín, Tonacatepeque, San Salvador y Soyapango.Municipal councils within their legal powers may provide additional benefits in order to promote the development of their respective municipalities.Total exemption of tax on transfer of real estate, for the acquisition of those properties to be used in the promoted activity. As the total exemption period expires, users shall be entitled to an additional period of five years, if it is established that during the last five years of the total exemption they have increased their investment in 100% in relation to their initial investment. (This investment increase should refer to land acquisition, construction of buildings and the acquisition of machinery and equipment, related to the authorized activity).Tourism LawObjective: promote national and foreign investment in tourism activities in El Salvador.With a minimum investment of US $25,000, a company may qualify to be declared a tourism project of national interest and benefit from the following:Benefits:Total exemption from income tax for a period of 10 years.Import tariffs and VAT exemption.Total exemption from tax on transfer of real estate for the acquisition of real estate used in the project.Partial exemption from municipal taxes (up to 50%) for a period of 5 years, starting the fiscal year in which the business starts operations.The minimum investment to qualify for the incentives mentioned above was reduced to $25,000 in December 2010.June 2012. Government announces project to create and reform legal bodies for attracting investment: New legal bodies:Public Private Partnerships Law: Law that will allow the development of infrastructure and the provision of public services through long term contracts between the State and private sector. Currently presented to the Legislative Assembly. Legal stability contracts: Legal body that will ensure investors that once installed the initial conditions of the investment, will remain.Secured transactions: Will allow granting loans with goods such as machinery or similar as an equivalent of warranty.*Metropolitan Area of San Salvador definition: It consists of the municipalities of Antiguo Cuscatlán, Santa Tecla, Apopa, Ayutuxtepeque, Cuscatancingo, Ciudad Delgado, Ilopango, Mejicanos, Nejapa, San Marcos, San Martín, Tonacatepeque, San Salvador y Soyapango.
_______________________________________________________________________________________________Updated: January 2014Total goods exports2010 4,449 million2011 5,308 million2012 5,339 million Salvadoran exports for 2012 registered atotal of US $5,339 million, US $31 million above exports registered at the end of 2011. This represents a growth of 0.6% compared to the same period of 2011. Trading Partners 2012 2011 Ranking in 20111 USA 46.3% 45.7% 12 Honduras 14.3% 13.2% 33 Guatemala 13.4% 13.9% 24 Nicaragua 6.0% 5.6% 45 Costa Rica 4.3% 4.0% 56 Panama 2.3% 2.0% 77 Mexico 1.6% 1.6% 88 Dominican Republic 1.5% 1.3% 119 Spain 1.5% 1.4% 9 10 Germany 1.3% 2.6% 6Exports by product categoryBy product category, non-traditional exports registered a total amount of US $3,766 million in 2012. Maquila exports were US $1,106 million and traditional exports registeredUS $467 million.Export Products 2010 2011 2012Non-Traditional 70% 69% 71%Maquila 23% 20% 21%Traditional 8% 11% 9%
Stock 2011 USD 8,117.6 million (35.1 % of GDP)Stock 2012 USD 8,634.9 million (36.2 % of GDP)