The World's Countries
El Salvador
svEl Salvador acts as a unique bridge for global commerce due to its strategic Pacific position and integrated dollarized economy. As a pioneer in formalizing digital assets it has become a global center for financial technology and innovation. The nation facilitates investment through transparent legal frameworks allowing total foreign ownership. Entrepreneurs benefit from a central location in the Americas and robust trade networks while digital nomads find a dedicated residency infrastructure.
Features
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Territorial Tax
Taxes only local income. -
Fast Company
-
Crypto Friendly
Highly crypto-friendly country
Cities in Country
| Name | Timezone |
|---|---|
| San Salvador | America/El_Salvador |
Tax Information
| Category | ||
|---|---|---|
| Corporate | 30.00% | Standard rate on net taxable income |
| Corporate | 25.00% | For companies with gross income up to USD 150,000 |
| Capital Gains | 10.00% | Or as ordinary income if held for less than 12 months |
| VAT | 13.00% | No specific conditions listed. |
| Personal | 0.00% | Annual income up to $6,600 ($550/month) is tax-exempt |
| Personal | 10.00% | Of the excess over $550.00 + $21.50 fee |
Local Currencies
| Currency | ISO | Value | Rank | |
|---|---|---|---|---|
| US Dollar | USD |
$ | $1.00 | #1 |
| Bitcoin | BTC |
₿ | $67,039.31 | #0 |