Aeroman’s expansion plans depend upon the solution of the current conflict between the legislative and judicial powers, due to the legal uncertainty it generates.
The Executive Director of Aeroman, Ernesto Ruiz, said that the Canadian company Aveos, the majority shareholder of Aeroman, is closely following the current conflict and will not continue with its expansion plans until it has been resolved.
Located as one of the top 10 places to surf, the country has the potential to attract the attention of more than 30 million surfers worldwide.
From a press release by Proesa:
Surfing has become an emerging industry for countries blessed with suitable waves to take advantage of. According to the Australian website Hotelclub.com El Salvador because of its perfect right breaking waves, ranks as one of the top 10 places to surf, giving it the potential to attract the attention of more than 30 million surfers worldwide.
The Trade and Investment Office at the Ministry of Finance has registered 16 new investments since June 2011 to May 2012 amounting to $10 million.
An article in Laprensagrafica.com reports that "This department at the MINEC keeps track of investments in maquilas, industry and in commercial zones, Flores said. These investments have generated 1.660 direct jobs.
Amendments to the Law on Free Zones will define the rules of the game that employers in El Salvador need to know in order to increase their investments in the textile sector.
The newly formed cluster of synthetic fabric textile companies in El Salvador has temporarily stopped their investment plans in order to see what reforms will be made to the Law on Free Zones. In other words, they want "clear rules".
The International Services Act, which created the environment for the arrival of foreign banks, free zones and call centers, will be modernized.
The government of El Salvador is preparing amendments to the Law on International Services, which in its time allowed a multiplication of foreign investment in the financial, telecommunications and the maquila sector among others.
Four Taiwanese industrial companies are investigating sites to set up plants in Central America, preferably in Guatemala, Honduras and El Salvador.
"Businesses are looking at free zones to establish their operations in Central America and distribute to other countries", said Carlos Liao, director of Central American Trade Office in Taipei, Taiwan. "Companies are interested in operations in the northern triangle countries: Guatemala, Honduras and El Salvador."
Reduced paperwork, standardized municipal tax rates and improved infrastructure are the things being demanded by the private sector in El Salvador in order to develop projects like Fomilenio II.
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.
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.
Alexander Segovia, Technical Secretary of the Presidency said that they are "...
The same company that will invest $992 million in a port in Costa Rica sought to invest in the port of La Union but due to lack of legal certainty regarding concessions, withdrew its intentions.
Businessmen in El Salvador are increasingly unhappy about the absence of policies to attract foreign investment. Foreign direct investment (FDI) has declined in recent years, making the country the lowest recipient of FDI in Central America, according to their perception.
There is still uncertainty among U.S. citizens and companies abroad, regarding the effects of this law’s extraterritorial reach.
The start of registration stipulated by FATCA law (Foreign Account Tax Compliance Act) of the United States is January 1st, 2013, with enforcement beginning on 1st July of that year. However, many questions remain in several sectors such as insurance, securities and pensions, and even the regulators don’t have a clear idea of the effects of the law.
Sell the idea, be energetic, have a good team and stay focused on the project; these are some of the qualities that must be developed in order to convince an investor.
The website IProfesional.com lists the 10 qualities that you need to develop in order to "catch" an investor and bring them into your project, according to the Spanish consulting firm Mola.
Direct investment by Colombian companies came to about $1 billion in 2010, a giant leap forward compared to the $27 million in 2004.
Central America has become a kind of "Promised Land" for large companies in Colombia, writes ElTiempo.com.
The latest example of large-scale landing in the economies of the isthmus is the recent $801 million purchase of the assets of the HSBC bank in Costa Rica, El Salvador and Honduras by Banco Davivienda.
The purchase of Pipasa in mid-2011 gave Cargill 55 to 60% of the chicken market in Costa Rica, and it is now announcing new investments to reinforce its hegemony.
Many of the other competitors are also advertising their own strategies for a trade war that goes beyond the borders of Costa Rica and includes the whole of the isthmus as a battle theater.
The multinational has made projections for a 2012 expansion and modernization of its plant in El Salvador.
Without giving exact figures, Antonio Caicedo, vice president for Central America and the Caribbean, announced the investment. As part of its expansion plan the company has acquired land near the plant currently operating in Sito del Niño, San Juan Opico.
Legally registered companies must also report to the tax authorities of the U.S.
This new measure will be taken to comply with the Foreign Account Tax Compliance Law (FATCA, for short), which requires information disclosure by companies where a U.S. citizen is involved.
In addition, banks who hold deposits belonging to North American clients must also report to the Internal Revenue Service (IRS), and entities that do not will be subject to a retention of 30% on the interest and dividends generated.