Alejandro Giammattei, elected president of Guatemala, will propose to the authorities of the North American country that a special economic zone covering both sides of the border be developed.
Guatemala's president-elect is wasting no time, since four months after taking office, he is already making investment proposals to neighboring countries. In this case, he will do so in Mexico, where on September 20 he will meet with Lopez Obrador and will deliver a file on the issues he proposes to work on in the coming years.
Puerta del Istmo, Centro Logístico Quetzal and ZDEEP Piedras Negras, are the projects advancing in Guatemala in the process of becoming Zones of Special Public Economic Development.
In El Salvador, it is proposed that the law discussed in the Assembly, considers the reduction of minimum requirements for investments made in special economic zones, to compensate for the disadvantages of lack of productive activity in the area.
In July 2018, the Executive Branch presented to the Legislative Assembly the draft Law on Special Economic Zones (LZEE), which is being analyzed by the Economy Commission.
In Guatemala, five private projects to build economic development zones are already in the process of being processed, only two months after the regulation defining the fiscal benefits to develop them came into force.
On February 4, the Law on Special Public Economic Development Zones (ZDEEP) came into effect, which provides for tax benefits consisting of a 10-year exemption from 100% income tax, as well as the temporary suspension of taxes associated with imports, among others.
Israeli government officials have announced that they plan to invest close to $2 billion in various businesses in the sectors of agriculture, medicine and education.
The investment will be made through the Guatemalan-Israel Fund for Investment and Development in Guatemala, and this seeks to make the Central American country the center of Israeli business in the region.
Through an agreement with the business sector, the government of Honduras has announced that it intends to simplify procedures for licenses and registration of companies.
As part of a plan to facilitate private investment, the Hernandez administration has announced that they will also be talking with mayors so that local governments facilitate the operation of companies nationwide. In addition they"... announced that from April they will start using customs' forward looking statement."
34 thousand new companies started operations in 2016, recording an 8% increase over 2015.
The sector in which the most Operating Notices were recorded is retail and tourism, which includes restaurants, bars, beauty salons and supermarkets, among others.
Anpanama.com reports that "...According to the statistics, from January 1 to March 22, 8,267 Operating Notices were issued with an invested capital of US $459 million, less than in 2016 when 8,923 were issued generating US $826 million."
Five out of ten Guatemalan entrepreneurs believe that the current legal landscape of the country "could have repercussions" for the business sector.
From a statement issued by the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations, CACIF:
Industrial and financial sectors are forecasting the best results, while construction and tourism show lags in different variables that are analyzed in the diagnosis of Perception of Business Activities.
A value of more than $5 billion has been given to the investment projects that the Ortega administration intends to carry out through public, private and investment partnership deals.
Among the projects proposed by the Nicaraguan government and open to funding proposals are:
Knowing how to laugh at yourself is a virtue that every entrepreneur in Costa Rica should have, even though it might all end in tears.
This is what Alfonso Carro does in his article on Crhoy.com: laugh at himself, at the same time bringing to light the helplessness felt in light of the deteriorating conditions for investment in an economy such as Costa Rica, which was once number one in Central America.
The private transport company has announced it will invest $3.5 million in the opening of a service center and support for the operation of the company in Latin America.
From a statement issued by the CINDE:
San Jose, January 26, 2016 -Uber has announced the establishment in Costa Rica of its first Center of Excellence in Latin America. The center will create more than 300 jobs by the end of this year.
Poverty has declined, foreign investment has quintupled in a decade, the economy has grown more than the average in Central America and Nicaraguan businessmen are applauding it.
Carlos Pellas, one of the most successful Central American businessmen with investments in sectors relating to financial insurance, agribusiness, information technology, energy, vehicle distribution, and production and beer and spirits, did not make a statement in a merely personal capacity but rather one relating to the economy of his country, Nicaragua, when he said that "people think that things are going well, there is a lot of investment, construction has grown, it is a dynamic sector, you can tell that from one look".
Authorization has been given for the investment of surpluses from the Private Contributions Regime to be invested in financial transactions under the supervision of the National Commission of Banks and Insurance.
The agency´s surpluses amount to around $250 million.
From a statement issued by the National Congress:
ECOSOC will decide fate of the economic surplus of RAP
When you look at Nicaragua without prejudice and without political bias, you can see a country which unlike before, offers good opportunities for investment.
EDITORIAL
Central America Viewed from Within
When you look at Nicaragua without prejudice and without political bias, you can see a country that offers good opportunities for investment.
And who better to do that exercise than a businessman linked to actual production.
The lack of a clear political course charted by the government of El Salvador is preventing the business sector from getting involved in large investment projects, affecting job creation, which in the first months of the year grew by only 1.1%.
The low levels of domestic and foreign investment in recent years in El Salvador is taking a toll on the economic level, given the limited possibilities for the business sector to create more and better jobs.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...