Ingresar
Promoting innovation through tax relief
By Eproint
El Salvador's President Nayib Bukele said he will send to the Congress a bill to eliminate all taxes on technology innovations as well as computing and communications hardware manufacturing, software programming, coding, apps and AI development, according to Reuters.
Currently El Salvador ranks 19th among the 36 lower-middle-income group economies in the Global Innovation Index, which ranks world economies according to their innovation capabilities. Consisting of roughly 80 indicators, grouped into innovation inputs and outputs, the index aims to capture the multi-dimensional facets of innovation.
According to a report by the World Bank, Salvadoran firms identify e-commerce, fintech, automation, and artificial intelligence as the vital technologies that will affect their businesses in the next decade. However, most firms in the country are still not using these technologies intensively. Access to finance, skilled labor, and cybersecurity concerns are among the most important barriers to digital entrepreneurship in El Salvador.
The World Bank reccomended modernizing legal and regulatory frameworks for infrastructure investments, authentication, personal data protection, and fintech as needed to adapt to the opportunities and challenges of the digital economy and foster confidence in digital transactions and promote further digital technology adoption.
Eproint
Whether your company is big or small, at Eproint you are our priority and we can take care of everything regarding legal processes to create and protect your brands, and provide you with an Intellectual Property strategy to achieve your goals.
In El Salvador, Practice Head Edy Guadalupe Portal is a partner at Eproint and has more than 25 years of experience in Intellectual Property. Since 1995, she has been recognized as the Salvadoran voice of Intellectual Property protection for always informing the IP community about changes to IP law and international treaties.
During her career, Mrs. Portal has helped numerous international law firms and in-house counsel with all facets of their IP matters in El Salvador and Central America. Her extensive practice includes work in trademarks, patents, industrial designs, utility models, copyrights, unfair competition, foreign investment, regulatory law/health registrations, licensing, franchising, appellations of origin, geographical indications, IP litigation, fashion law, new technologies, data privacy, cybersecurity, domain names, entertainment law, advertisement law, trade secrets, valuation of intangibles, and IP due diligence. She is also recognized for the great anti-piracy and anti-counterfeiting results she has delivered for her clients. She also helps coordinate Latin America Intellectual Property Protection for the firm.