Dune Renaissance : El Salvador Takes Bold Step To Boost Technology Innovation With Tax-Free Push But Also By Importing The Creatives
Last updated on June 20th, 2023 at 10:04 am
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El Salvador Proposes Tax Elimination for Tech Innovations, says President Nayib Bukele
Authored by Nayib Bukele Ortez via Statement on Twitter
Next week, I’ll be sending a bill to congress to eliminate all taxes (income, property, capital gains and import tariffs) on technology innovations, such as software programming, coding, apps and AI development; as well as computing and communications hardware manufacturing.
— Nayib Bukele (@nayibbukele) March 24, 2023
It’s the new El Dorado.
El Salvador’s President, Nayib Bukele, made a bold announcement that could spell a new era of innovation for his country. Next week, he plans to send a bill to Congress to eliminate all taxes on technology innovations such as AI development, software programming, and computing hardware manufacturing.
This move could attract global talent and investment, and also encourage local talent to pursue new ideas and opportunities.
But what could this mean for El Salvador beyond just a boost in technology innovation? we believe that importing creatives could help give birth to a cultural renaissance in the nation.
By opening the doors to new perspectives and ideas, El Salvador could become a hub for creativity and artistic expression across various industries, including AI.
This combination of technological and cultural growth could be the foundation of a deeper, more transformative “Matrix Renaissance” in El Salvador.
With the right incentives and support, the nation could emerge as a beacon of progressive values and innovation within Latin America, and beyond.
It’s exciting to think about the possibilities that could arise from this vision, and it will be interesting to see how this plays out in the years to come.
Maybe we could just set us there our new base. Actually we’re really considering it, probably we shall launch a probe in next months.
The future looks bright for El Salvador, and for who will believe in it.
We, the creatives, could own at our disposal a real Nation and its laws for our superior and advanced needs.
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“Do Not Question The Nature of One’s Own Reality It’s A Sin Against God”
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