The Legislative Assembly of El Salvador approved key reforms to the country’s migration law on Tuesday, eliminating the $12 Migratory Entry Card (TIM) fee previously required from foreign visitors. The measure is part of broader legislative changes aimed at attracting foreign investment and simplifying immigration processes.

Ricardo Cucalón, Director of Migration and Foreigners Affairs, had previously addressed the Assembly, describing the TIM fee as “incongruent with the country’s goals of openness and investment.” He also presented additional amendments to facilitate permanent residency for foreign investors.

Lawmakers voted in favor of the proposed decree and a favorable opinion issued by the commissions on Salvadorans abroad, legislation, and government. The new provisions are expected to enhance El Salvador’s appeal to international business.

In the same session, the Assembly ratified El Salvador’s accession to the Constitutive Agreement of the Multilateral Investment Fund IV (FOMIN IV), aimed at promoting sustainable and inclusive development through private sector initiatives benefiting vulnerable communities.

Additionally, the budget of the Ministry of Finance was increased by $105,981.57 to hire an external auditing firm. The audit will oversee the use of funds from a contingent loan intended for disaster and public health emergencies.

Deputies also approved a special budget of $12 million for the State Cybersecurity Agency (ACE), which is tasked with developing the country’s cybersecurity and information security policies.