Know why you should consider an investment in El Salvador
With a booming and still rising economic growth, Central America has paved countless opportunities for people who want to start a business. Countries like Panama and Costa Rica remain as the continent’s economic leaders because of their literate locals, sector diversification and the advantage of having the Panama Canal to create an ease in trading. Even though it remains true that these countries seem to promise positive business results, El Salvador, the smallest country in the continent, is starting to gain foreign interest. Being the country that connects between North and South America, an array of promising sectors, and countless private business opportunities, you might soon want to seek investment in El Salvador.
It was said that El Salvador regained its economic success when the civil war ceased and when the signing of the peace accords took place back in 1992. Ever since, its agricultural and export-based sectors have expanded while their manufacturing and service sectors continued to grow.
By 2017, the little nation has reached 2.1% GDP growth because of its burgeoning production in the industries such as, livestock, agriculture, forestry, mining, and manufacturing. The country also boomed not only in the economic field, but in the social and political fields as well that increased
Why should I invest in El Salvador?
If you wish to place an investment in El Salvador, here are some reasons why you should be considering it now:
- El Salvador offers easier access between cities and communities, thus ease transactions and trading
- The country has developed free trade zones and service parks to cater companies involved in importation and exportation of goods
- It offers low total tax rates
- An unbiased treatment between local and foreign investors
- You are free to transfer your profits abroad
- A strategic location where you can easily access cities in both North and South America
What are the benefits of investing in El Salvador?
Your investment in El Salvador would not be put to waste because it advocates equality wherein everyone in the community benefits from its economic development. Its government has provided “business-friendly” policies to motivate private investment.
Moreover, trading has played a significant role in boosting El Salvador’s GDP. In fact, international trade has molded the small country to be a great way for businesses to conduct their transactions and trading. So, if you decide to go for an investment in El Salvador, you should expect a hassle-free trading.
El Salvador’s Service Sector
The increase in GDP was also due to the country’s service sector. In fact, 63% of the country’s GDP came from this sector. To this day, there are said to be 19,000 companies in this sector that renders over 430,000 job opportunities in the community. Major sectors of export of services include: Travel, Maquila, Transport, Telecommunication and Information Technology, and Maintenance and Repairs. Should you consider an investment in El Salvador, this is worth noting.
El Salvador’s Manufacturing Sector
The manufacturing sector is successful since the early 1970’s when there has been a notable increase in the production of chemicals and textiles. This growth was still prevalent in 2000, when the sector increased 4.5% in rating, making it a large contributor to the country’s GDP.