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El Salvador Approves Law for the Promotion of Technological Innovation and Manufacturing

21 April 2023

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Approved Changes

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El Salvador

El Salvador's Legislative Assembly has announced the approval of the Law for the Promotion of Technological Innovation and Manufacturing. The Law provides tax incentives to natural or legal persons, national or foreign, that invest within El Salvador in innovation projects or technological manufacturing including: Programming, management, maintenance, consulting, and analysis of computer systems or software; Development and commercialization of cloud computing and data flow services, artificial intelligence, massive data analysis, and cybersecurity solutions; Manufacturing of parts, materials and equipment or installations, assemblies, including manufacturing plants for technological equipment or hardware, semiconductors, telecommunications technologies, robotics, nanotechnology, aircraft, and unmanned vehicles; and...