With its young and economically active population, easy access through the Panama Canal, modern infrastructure, and with US dollars as legal tender, El Salvador is one of the USA’s biggest trading partners. Add tax incentives and ‘free trade zones’ (where investors pay no import duty on machinery, equipment, or raw materials for production and have income tax exemptions for 8 years), and it’s easy to see why El Salvador is a favourite for foreign investment.
There are also separate specific laws to promote economic growth and foreign investment – benefits of which ensure fast-tracking bureaucracy, equal treatment for all investors and repatriation of profits.
El Salvador ranks 91/190 on the World Bank’s Ease of Doing Business. Setting up a business takes 9 processes over 16 days, but running a business will require an estimated 180 hours per year put aside for bureaucracy.
AUXADI can become your ideal investment partner in El Salvador. From our office, located in San Salvador, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.