"Next week, I will send to the Legislative Assembly a bill that will eliminate all taxes (income, property, capital gains and import charges) applied to technological innovations, such as, for example, software programming, coding, applications and development of Artificial Intelligence; and likewise, for the industrial manufacturing of equipment for communications and computing", informed the President.

The initiative will serve as a powerful attraction for companies to implement projects of this type in the country and generate employment, and will once again make El Salvador a pioneer in the region.

One of the strategies that President Bukele began to implement since the beginning of his government is the Digital Agenda 2020-2030, which involves all aspects: economy, social protection and competitiveness abroad.

For example, Enlaces con la Educación will bring substantial changes, as it has practically eliminated the digital gap that existed. The delivery of 1.2 million laptops and tablets connected to the Internet free of charge will provide modern tools for the performance of students in the future.

In addition, the Ministry of Economy maintains active training on topics such as cloud storage and other technology-related topics to prepare salvadorans with the skills of the future.

The legal circulation of Bitcoin is a complement to this strategy, especially because it expands the possibilities of potential partners, without the use of the currency being an impediment.

Translated by: A.M