Why El Salvador?
A free, export-oriented market economy, El Salvador’s opportunities are seemingly limitless. It has proven macroeconomic stability, using the US dollar as legal tender, and is open to global trade and investment.
It is among the most free economies in Latin America. Sitting in the heart of the Americas, right between north and south America, El Salvador has been evolving for the last 20 years and now presents businesses with the chance to grow alongside the country.
Our core areas of expertise
TMF Group has a solid core of local experts in El Salvador assisting local and international clients, providing financial, legal, HR and payroll services across the country. We can get you set up, provide a single point of contact and take care of those non-core elements that keep your business moving, allowing you to focus on what you do best: selling your products and services.
When entering a new market, companies must ensure a complete understanding of local laws and regulations - otherwise they could face risks to their reputation, fiscal penalties, loss of business opportunities and legal action. TMF Group helps companies keep compliant with local regulations and filings and set up in El Salvador with speed, safety and efficiency.
Understanding the complexities of local laws, regulations, processes and requirements is at the heart of what we do. From whatever country you are in, our wholly-owned and independent offices across the globe can help launch your entry into the Salvadorian market, ensuring you reduce risk and simplify operations.
Our full range of services includes:
- Accounting and Tax services: We take care of local statutory bookkeeping, full consolidated accounts and management reporting to relevant local and international standards. We also help you manage your tax and reporting obligations.
- Global Entity Management services: We provide support at every stage of your business lifecycle. Our multi-disciplinary expertise - in corporate secretarial, regulatory compliance, fiduciary services and more - is your outsourced answer to managing and maintaining entities across borders.
- Governance services: We help you stay compliant, manage your risk and regulatory obligations, including your local legal requirements for Common Reporting Standard (CRS), Foreign Account Tax Compliance Act (FATCA), Know Your Customer (KYC), CbCr notification, Master File / Local File and Ultimate Beneficial Owner (UBO) register.
- HR and Payroll services: We help you to apply and implement international policies in employment contracts and handbooks, and pay your staff in compliance with local law.