El Salvador Analyzes Improvements to Tourism Incentives

The proposal presented by the Ministry of Tourism would reduce the minimum investment necessary to qualify for the incentives.

Monday, August 2, 2010

Napolén Duarte, Minister for Tourism, indicated that the intention is to halve the amount required, which currently stands at $50,000.

In an article in Laprensagrafica.com he is quoted saying, "we are working on presenting a reform to the president to update the law with the aim of allowing smaller investments and giving more opportunity to small and medium sized businesses".



More on this topic

Tourism in Panama: Investment Incentives

January 2015

Summary of laws that encourage tourism investment in Panama, and procedures to follow to get the related tax benefits.

From the website of the Tourism Authority of Panama:

Laws on Incentives for Tourism Investment

In recent years, Panama has seen a boom in the tourism sector; coupled with the development of economic policies which promote investment across the country.

$20 million Awarded in Tourism Incentives in Nicaragua

May 2013

During the first quarter, the Intur approved tourism incentives for the purchase of aircraft and three hotel projects.

"Between January and March this year, the Nicaraguan Institute of Tourism (Intur) approved $20.5 million for tourism incentives for small and medium businesses, and expects to increase that amount to more than $51 million at the end of the first half of 2013 ", reported Laprensa.com.ni.

El Salvador: Plans for Further Fiscal Stimulus to Tourism

April 2013

The Ministry of Tourism is discussing with private companies and a group of consultants draft amendments to the existing Law on Tourism.

According to Jose Napoleon Duarte, chief of tourism, what they are looking for is a legal framework consistent with the current reality of tourism, integrating unions, tour operators, transportation companies, universities, and other stakeholders.

El Salvador Launches Tourism Campaign

March 2011

The $1 million campaign will promote the country in the U.S. and Central America.

It will take place in the months of March, April and May and aims at attracting tourists for Easter holidays, said Tourism Minister Napoleon Duarte.

According to Duarte, the objective is to attract between 5.000 and 7.000 more tourists than in 2010.

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