Pacific Ocean seacoasts, mountainous and steep terrain, surf spots, the Ruta de Las Flores, dreamy waterfalls, rainforests, coffee farms, volcanoes, galleries, bright wall paintings, and Juayúa’s weekend food festival are few of the characteristics which make El Salvador one of the most extraordinary Central American nations. Although small, El Salvador’s LLC business might just be another perk in extension to its long list of perquisites!
Timeframe: within 7 weeks
Minimum paid up capital requirement: GBP 1535
The most general administrative entity in El Salvador is a Limited Liability Company (LLC).
It is significant to note, that corporate income tax charge in El Salvador is 30%, and implements on the total value of the company’s earnings. However, corporate income tax is based on the regional principle, and, in general, is paid on goods located, activities realized, and capital invested in El Salvador as well as on services given in the country.
Even though there are no limitations in relationships to the shareholder’s citizenship or residency, it is essential to take into thought that a special withholding tax rate of 25% is implemented when profits, interests, and royalties are paid to a resident of tax havens.