Nicaragua: Changes to Tourism Incentives LawThe draft amendments to the Law which could be approved before the end of the year, would generate increased investment in the sector.Tuesday, October 5, 2010
The proposal provides a reduction to $ 10 thousand minimum investment in order to receive tax benefits and a reduction of between 25 to 30% in electricity rates and drinking water. Source: laprensa.com.ni ¿Busca soluciones de inteligencia comercial para su empresa?Reforms to Tourism Incentives Act in NicaraguaOctober 2013 The current law provides a number of incentives for tourism but does not include some segments such as medical tourism and residential real estate for foreigners. Panama: Incentives for Several Hotels TerminatedJune 2011 Failure to comply with projected investment plans in time has led to the cancellation of tourism incentives for several hotel projects. Reforms to Salvadoran Tourism Law Due in 2011November 2010 The reform plan reduces the minimum amount of investment required to access government incentives. Tourism Law Generates $51 Million InvestmentsJuly 2009 Between January and May, tourism investment in Nicaragua was 5 times higher than the same period of 2008.
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