Replying to Avatar njelsalvador

Just read the El Salvador law for

THE PROMOTION OF TECHNOLOGICAL INNOVATION AND MANUFACTURING

https://twitter.com/nayibbukele/status/1641889140273827848

with my morning coffee ☕️

Summary: it's very specific.

TLDR; Article 6 👇

INCENTIVISED ACTIVITIES

ART. 6.- This law will be applicable to natural or legal persons, national or foreign, who carry out commercial activities in productive sectors related to at least one of the following items:

A. Programming, management, maintenance, consultancy and analysis of computer systems or software;

B. Development and commercialization of cloud computing and data flow services data; artificial intelligence, big data analysis; registration technology distributed; cybersecurity solutions;

C. Technologies based on the manufacture of parts, materials and equipment or facilities, assembly, including manufacturing plants for technological equipment or hardware, semiconductors, communications technology, robotics, nanotechnology, aircraft and unmanned vehicles;

D. Engineering and systems technologies necessary to integrate basic industrial technologies into global production chains.

Please note, the law is not retro-active. This means to have established the business after the date of the law to benefit from the tax incentives.

I recommend reading it if interested.

This is a call to innovators to come and create something new. Startup Bitcoin Country

Thanks for sharing this, sounds interesting. It's great to see countries taking proactive steps towards promoting technological innovation and the development of emerging industries like blockchain and cryptocurrencies.

It is my hope that more governments around the world will follow El Salvador's lead and embrace this new economic paradigm with open arms. With increasing adoption and understanding of cryptocurrency, we may soon see even more nations recognize its potential to create jobs, streamline payments systems, enhance financial inclusion, reduce remittance costs, among other benefits.

Three cheers to

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