If you’re considering El Salvador as a base for your crypto activities, you’ll need to take several steps: register a company, create a detailed business plan and AML/KYC policies, apply for a crypto license, and ensure compliance with local regulations. We can make the process easy for you!
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Cryptocurrency Exchange
License in El Salvador
El Salvador adopted Bitcoin as legal tender in June 2021 and became the first country to officially recognize the digital currency at the national level.
The government’s rapid development of the cryptocurrency sector is supported by tax incentives and exemptions for companies with a cryptocurrency license in El Salvador. They are exempt from fees, taxes, and duties on digital assets, including capital gains and ordinary income.
However, any other taxes and government fees can be paid with cryptocurrency. In addition, the process of obtaining a crypto license in El Salvador is not too difficult, and the government supports investors by providing loyal business regulations.
Tax Advantages of Licensing in El Salvador
El Salvador has positioned itself as an innovative and forward-thinking commercial jurisdiction, offering opportunities for economic growth and foreign investment. While the cost of business registration may not be the lowest, the country provides unique advantages, particularly for companies involved in cryptocurrency-related activities.
Notably, El Salvador is the first nation to officially recognize Bitcoin as legal tender. This groundbreaking decision has opened new avenues for businesses in the cryptocurrency and blockchain sectors, fostering innovation and technological advancement.
If you are exploring cryptocurrency regulations or planning to establish a business in El Salvador, our team of experts is here to assist you. We offer detailed guidance and comprehensive solutions to ensure the successful registration of your cryptocurrency company in El Salvador. Contact us today to take the first step toward leveraging these opportunities.
Process and timeline for obtaining
a Crypto license in El Salvador
Evaluation of Suitable Banks and EMIs:
Analyze and identify the most appropriate banks or electronic money institutions (EMIs) based on the client’s needs and risk profile. Compare the risk appetite of potential banks with the client’s risk tolerance, ensuring alignment with pre-established Anti-Money Laundering (AML) policies.
Document Collection and Verification:
Assist in gathering all necessary documents from the client to initiate the account opening process. This includes details such as fund flow records, source of wealth verification, account purpose description, key partners’ information, company website, utility bills, and other required documentation.
Comprehensive Guidance Through the Process:
Provide end-to-end support to the client’s company throughout the entire account opening process, ensuring compliance, transparency, and efficiency at every stage.
Get Started with your
El Salvador Crypto License
Looking for help? Get in touch with us
