Foreign Direct Investment
in Central America
Thursday, May 24, 2012
Permanent residency has been granted to Argentineans, Brazilians, Uruguayans, Chileans, Spanish, and nationals of other countries friendly to Panama.
Executive Decree No. 343 of May 16, 2012, creates a new Permanent Resident Immigration Category and subcategory Permanent Resident Foreign National for specific countries with which there are relations that are friendly, professional, economic and relating to investment in Panama.
Thursday, May 17, 2012
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.
Wednesday, May 16, 2012
Nicaraguan industry provides the greatest added value to its products and is the largest FDI recipient ($226.4 million in manufacturing, $114.3 million in mining, and $217.1 million in energy).
Sugar producers now not only process sugar, but they also generate energy and biofuel. Mining has diversified and dairy companies are making more investments in technology in various products.
Friday, May 4, 2012
Foreign Direct Investment in 2011, in millions: Panama - $2,790, Costa Rica - $2,104, Honduras - $1,014, Guatemala - $985, Nicaragua - $460, El Salvador - $386.
Notable for its importance to the respective economies, is the growth of the arrival of foreign direct investment in Nicaragua, which increased by $460 million compared to 2010.
Wednesday, May 2, 2012
In Costa Rica, 7% of GDP is not enjoyed in the country, but it goes abroad as profits of foreign companies.
In 2011, the Gross Domestic Product (GDP) in Costa Rica reached $48.585 billion, but the earnings of the productive activity of foreign firms in the country should be deducted from that amount , which take to their countries of origin $3.4 billion. The National Disposable Income (NDI), which is what remains in Costa Rican territory was $45,185.
Friday, April 27, 2012
About 16 reforms have been made, driven by a need to improve the environment for doing business in the country.
Two major reforms reported by the Government to the World Bank in preparation for the next Doing Business ranking are the modification of procedures for paying income tax (Tax Law Update) and installation of an electronic payments system for Social Security Institute (IGSS in Spanish) payments.
Thursday, April 26, 2012
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.
Thursday, April 26, 2012
The government is preparing drafts laws on insolvency, real estate collateral and electronic signatures.
The Government is refines this package of draft laws in order to influence and improve the business climate in El Salvador, following complaints from the private sector, reported Elmundo.com.sv.
Tuesday, April 24, 2012
The investment agency is trying to persuade Japanese corporations to establish sites in Panama, having already convinced the company Tadano, manufacturer of hydraulic cranes.
Last November, the Bureau of Investment Attraction and Export Promotion in Panama (PROINVEX) moved the conference "Invest Panama" to Tokyo, in order to turn the attention of Japanese corporations towards the country.
Tuesday, April 17, 2012
In 2011, Foreign Direct Investment (FDI) reached $910.8 million, an increase of 13% compared to 2010.
According to the Bank of Guatemala (Banguat), FDI in 2010 amounted to $805.8 million.
The bank expects that by 2012 foreign direct investment will exceed $900 million.
Wednesday, April 11, 2012
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.
Wednesday, April 4, 2012
Legislation packages are being prepared to grant exemptions to exports, logistics and industrial parks.
The government and employers are holding talks regarding legislative proposals and measures to attract more foreign investment.
Monday, April 2, 2012
In 2010 foreign direct investment in the country had reached $2.812 billion, driven by the installation of telecommunications and insurance companies after the privatization of these sectors.
Central Bank statistics show that Costa Rica received $2.104 billion in FDI in 2011, well below the $2.812 billion which came in the year before.
"The move represents a brake on influx of capital that had been coming into the country because of the initial investment of new telecommunications and insurance companies," reported Elfinancierocr.com.
Thursday, March 22, 2012
The best evidence for the current dynamism in the Nicaraguan economy is the figure of close to $1 billion in foreign direct investment which was reached in 2011.
Nicaragua managed to attract $967.88 billion in foreign direct investment in 2011, 90% more than in 2010, which closed with $460 million in FDI.
Thursday, March 8, 2012
The multinational company Covidien has opened a $50 million plant, which will produce supplies for the treatment of cardiovascular diseases.
With an investment of approximately $50 million, the medical products manufacturer Covidien has inaugurated its new medical manufacturing facility in Alajuela on Thursday, which occupies 18,000 m2 in the Coyol Free Zone and will create 350 new jobs.
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