Representatives of government and the Association of Coastal Marine Tourism Developers (Promar) held a meeting this week in which Promar presented its portfolio of projects for the development program Fomilenio II.

"Marco Guirola, president of Promar, during the meeting, listed what are, in his opinion, the biggest obstacles to attracting foreign direct investment (FDI)", reported Elmundo.com.sv.

Lengthy administrative procedures, lack of a uniform rate of municipal taxes, poor infrastructure and poor promotion of competitive investment in the tourism sector, were the elements mentioned by the businesses in Promar, who also proposed setting up an agency to attract investments with the participation of private enterprise.

Source: elmundo.com.sv

More on this topic

El Salvador Fails at Legal Certainty

June 2015

Chambers of developed countries and their ambassadors in El Salvador are warning that expressions made by members of government against the decisions of the Constitutional Court threaten the arrival of more foreign investment.

Added to the demonstrations against some decisions of the Constitutional Court on the part of authorities is also the inability that the government has shown to implement effective measures against insecurity, lack of speed in the definition and implementation of much needed infrastructure and no long-term plans.

Legal Insecurity Highlighted in Honduras

June 2014

The U.S. Ambassador highlights the existence of the high perception of corruption, lack of legal certainty and obstacles to the establishment of foreign investment in the country.

An article on Laprensa.hn reports that "U.S. Ambassador Lisa Kubiske, emphasized that every country needs investment and Honduras ...

New Laws to Attract Investors

April 2012

The Salvadoran government is preparing a package of incentives to attract investment to the country, which will be presented in October at an international forum for investors.

Among the laws that are to be analyzed are the law on international services, the law on free zones, the investment law, and reducing red tape and other things.

Tourism Projects in El Salvador

February 2012

In order to attract the attention of investors, entrepreneurs have created a portfolio of six major projects for tourism development.

The Association of Coastal Marine Tourist Developers (Promar in Spanish), led by renowned Salvadoran entrepreneurs, recently presented the Government with an ambitious portfolio of six mega resorts with high potential to attract investment to the country, to be run in the next 14 years, and which is valued at $2 billion.