El Salvador: Tax Breaks for Tourism Projects

$91 million is the estimated amount of the investment projects which have already been approved or are pending which will receive the tax incentives offered by the government for investment in the tourism sector.  

Friday, October 31, 2014

From a statement issued by the Ministry of Tourism of El Salvador (MITUR):

The Minister of Tourism, Lic. Jose Napoleon Duarte Duran announced that during 2014 and 2015, private investment in the tourist industry which has been or is in process at the institution which is eligible to benefit from tax incentives, amounts to $91,731.

During 2014, MITUR declared six projects as of National Interest, valued at $36.8 million, which include the construction of the golf courses, clubhouse and hotel constructions in the projects El Encanto Villas & Golf, CBC Bar and Restaurant, The Grape, Quality Hotel Royal and Hotel Sheraton Presidente.



More on this topic

Tourism Reports $92 Million in Investments

January 2019

Of the $91 million invested in tourism projects in El Salvador during 2018, 87% went to finance private works and 13% to public infrastructure.

The Ministry of Tourism (MITUR) reported that among the projects with private investment are works located in the Ruta de las Flores with an approximate investment of $6.27 million, in El Tunco beach with $3.8 million, in Boquerón $1.36 million and in the Ruta Fresca $1.8 million.

Nicaragua: Bureaucracy Slows Tourism Investments

August 2015

Employers claim that at least six projects have been delayed pending analysis by the Board of Tourism Incentives, which has not been in session since the departure of its president two months ago.

There are at least six investment projects in the tourism sector that should have been analyzed by the Board of Tourism Incentives, which, drowning in bureaucracy, is unable to hold sesion because a new president has not been formally chosen.

Nicaragua: $56 million in Tourism Exemptions

June 2014

Up until May incentives have been authorized for 22 tourism investment projects, including the construction of the airport in Costa Esmeralda, for $12 million.

Tourism growth and incentives granted to investment projects in the tourism sector are boosting investment in the country, which, according to estimates by the Nicaraguan Institute of Tourism, will amount to $400 million in the year.

$45 million for Two Tourism Projects in El Salvador

March 2009

Two tourism projects, one on the beach and another on the mountains, are being built in Chalatenango and Usulután.

The projects have a total investment of $45 million and are being developed by entrepreneur Jose Ramon Barahona from El Salvador along with US investors. They consist of a golf and fishing club in Usulután and a mountain tourism project in Chalatenango which would begin to operate in late 2010 or early 2011.

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