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Salvadorans abroad generate USD29 million in investment
By Eproint
A large sector of Salvadorans abroad with financial capacity have decided to make investments in the country, according to a report by the Export and Investment Promotion Agency of El Salvador (PROESA). The government is looking to ease of procedures and opportunities to facilitate such investments, taking steps to reduce cumbersome bureaucracy and improve security conditions, although the COVID-19 pandemic complicated implementation of reforms.PROESA, launched since June 2019 the Directorate for the Attraction of Investments of Salvadorans Abroad and municipalities, with which it has been able to support until the end of February 2022 96 Salvadorans who decided to invest in different areas of the country in tourism, agribusiness, real estate, energy, health and aeronautics projects, among others, which generated an investment of more than USD29 million.
El Salvador has recently proposed several large infrastructure projects, which could provide opportunities for U.S. investment. It has established a technical working group to help prioritize investment projects and attract private sector participation. Project proposals include enhancing road connectivity and logistics, expanding airport capacity and improving access to water and energy, as well as sanitation.
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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.