The Ministry of Economy and Finance, through Executive Decree No. 364 of July 23, 2020, regulates the incentive to investors in securities issued by tourism or real estate investment companies, which consists on granting a tax credit equivalent to 100% of the sums invested in the acquisition of bonds, stocks and other financial instruments for the development of tourism projects or new stages and extensions of existing real estate programs.

You can download Executive Decree No. 364 of July 23, 2020 in Spanish here.