Articles written by this author include Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Professional Employer Organization (PEO) news, Q&A with experts, and more.
Starting a new business can be a challenging experience, especially when doing it in a foreign country. The clash of cultures can become an obstacle if you don't understand how people of different nationalities do business. Therefore, when incorporating a company in Central America, it is vital to understand and embrace El Salvador's business etiquette. Effective communication with a Salvadoran...
Although El Salvador is one of the smallest countries in Central America, it has a dynamic and promising economy. The government offers multiple tax incentives for local and foreign companies doing business in the country, reducing administrative burdens when setting up a business. Likewise, current social conditions position El Salvador as one of the best destinations to form an NGO. El...
The COVID-19 pandemic has given nations around the world a strong blow. Latin American jurisdictions and businesses are beginning to evaluate what measures are most suitable to manage health, economic, and social uncertainties. While you do business in El Salvador under COVID-19 restrictions, there are some tips to consider for your business. Here we outline 5 useful tips that you can apply to...
Multinational companies are increasingly choosing Latin American as the location for commercial expansion. There are two main ways to establish a local presence in El Salvador: creating a legal entity or utilizing a PEO to hire local staff. How you establish your local sales presence in a country will be the key to the success of your business. Some generate greater profits and others better...
Expanding companies must appoint a Legal Representative in El Salvador when incorporating their company. Business owners in this new market must be clear about the government requirements and their obligations they must comply with. Foreign companies should engage with a knowledgeable local expert to guide them through the company incorporation process. Regardless of the type of legal entity, a...
Understand the process to liquidate a company in El Salvador, and find out how to get expert support to carry out the correct procedure. Despite being one of the smallest countries in the Central American region, El Salvador demonstrates high economic potential compared to neighbouring countries. This is because the country has a privileged geographical position, which allows it to make many...
Latin America has welcomed a number of technological revolutions in recent years, including online business activity (known as electronic commerce or ‘e-commerce’) and financial technology or ‘fintech’ innovation. With El Salvador right at the forefront, this development consists of introducing and implementing new technologies to perform activities and services such as transactions, purchases,...
Register a trademark in El Salvador to protect your brand and company's profitability in the country. This includes carrying out a comprehensive trademark search in El Salvador. El Salvador’s economic landscape offers great opportunities for foreign business. As a small country with a small set of staple revenue generators, potential for development lies in almost every sector. El Salvador’s new...
With the right momentum and enablers at their disposal, companies can experience consistent growth that support their eventual expansion either regionally or globally. More than ever the Latin American region is grabbing some of the spotlight as the fastest-growing region in the world. Businesses are gaining momentum and expanding into regional and local markets. El Salvador is one of the...
In February 2019, El Salvador held its presidential elections, with Nayib Bukele emerging as the country’s victor. In June, Nayib Bukele took office as the new President of El Salvador, a position he will hold for the next 5 years. This was a historic moment for El Salvador, as in the last 30 years the country had only been governed by its largest political parties, Nationalist Republican...