Publication
Legal services in El Salvador: crypto license and company registration
In recent years, El Salvador has become one of the most attractive jurisdictions for cryptocurrency companies and financial startups. Favorable legislation, tax breaks, and government support for digital assets make this country a profitable place to do business. In this article, we will take a detailed look at all aspects of registering a company in El Salvador, obtaining a crypto license, working with banks, and the main advantages of the jurisdiction.
Why El Salvador?
El Salvador was the first in the world to legalize Bitcoin as a means of payment and actively supports companies working with digital assets. This makes the country ideal for international investors and cryptocurrency entrepreneurs. The main reasons for choosing El Salvador:
- 0% tax on digital assets – companies working with cryptocurrencies are exempt from income and capital gains taxes.
- No requirements for hiring local staff – the company can be entirely made up of foreign employees.
- Minimum requirements for authorized capital – only 2000 USD, while it is enough to deposit only 5% during registration.
- Flexible regulation and transparency of legislation – clear rules for conducting crypto business and international recognition.
- Possibility of opening a bank account in local and international banks that support cryptocurrency.
Company registration in El Salvador
Main requirements:
- Choice of company type – in El Salvador, joint-stock companies with variable capital (Sociedad Anónima de Capital Variable, S.A. de C.V.) are registered. This form allows for flexible capital management.
- Legal address – the company must have a registered address in El Salvador.
- Founders and shareholders – at least two shareholders, full ownership by foreigners is possible.
- Minimum authorized capital – 2000 USD, of which only 5% is deposited during registration.
- Tax Identification Number (NIT) – required for each shareholder.
- Appointment of managers – possible management through the Board of Directors or Sole Administrator.
- Execution of a notarial deed and registration with the Commercial Registry of El Salvador.
The registration process takes from 6 to 10 business days. After registration, it is necessary to obtain a business license and file a tax return.
Obtaining a crypto license in El Salvador
El Salvador offers two main types of licenses for crypto businesses:
- Crypto license from the National Commission for Digital Assets (NCDA) – applicable to issuers of digital assets, cryptocurrency services and public offerings.
- Bitcoin license – issued by the Central Bank of El Salvador and intended for exchanges, exchangers, wallets and processing companies.
Bank accounts and payment systems
After registering the company, entrepreneurs can open a corporate account in one of the banks in El Salvador. Banks work with international payment systems, such as:
- SWIFT – all major banks support international transfers.
- ACH – automated clearing system for domestic settlements.
- Bitcoin Lightning Network – simplifies Bitcoin transactions.
How does Antwort Law help with business registration?
Antwort Law offers comprehensive services for company registration and obtaining crypto licenses in El Salvador. We support clients at all stages:
- Consultation on the choice of jurisdiction and business requirements.
- Turnkey company registration – we take care of all legal formalities.
- Opening bank accounts – assistance in choosing the best bank and submitting documents.
- Obtaining a crypto license – preparation of all necessary documents and interaction with regulators.
- Post-registration support – support in tax and legal matters.
Business registration in El Salvador is a profitable solution for crypto companies and financial startups. Thanks to Antwort Law, you will receive a full range of services for company registration, licensing and banking support. Our experience and professionalism guarantee you a legal and successful business in El Salvador.
Contact us today!
Vladyslav Makarenko
Managing Partner
Antwort Law
Actual Services
Legal advice
Development, verification, proofreading of contracts and contracts
Legal Due Diligence
Registration and maintenance of foreign companies
Selection of jurisdiction for company registration
Making changes and closing companies
Opening accounts in banks and payment systems
Assistance in the selection of local directors and employees
Rent of a legal and virtual address/office
Nominal service
Preparation and submission of tax reports
Payment licenses
Crypto licenses
