Business accounts: El Salvador
An honest assessment before work starts, the quote is fixed in writing.
We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, and careful preparation improves the odds.
We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.
A company for the account in El Salvador
A corporate account in El Salvador is opened for a local company: it is registered in the national register, obtains a tax number and appoints a legal representative. Payments in the country are in US dollars, so there is no currency risk on local revenue. El Salvador taxes only income from Salvadoran sources, which matters for a company with foreign clients when choosing the structure.
How opening an account works
| Stage | What happens | Timeline |
|---|---|---|
| 1. Chances check | we look at activity in El Salvador, counterparties and the source of capital | 2-3 days |
| 2. File | founding documents, tax number, owners, business description, turnover, reference letters | 1-2 weeks |
| 3. Bank review | follow-up questions, a meeting with the company's representative | from several weeks |
Why accounts are declined
- No real activity in El Salvador and no local representative with documents and an address.
- Inflows from crypto platforms without a clear source of funds.
- Incomplete beneficial owner information.
We prepare the file to the bank's requirements and support you until the decision. If the bank will not take the structure, we suggest another country in the region or a payment solution for settlements.
Company taxes and bitcoin after the 2025 reform
A company in El Salvador pays 30% income tax, or 25% if its taxable income for the year does not exceed $150,000. VAT is 13%. On 29 January 2025 parliament amended the bitcoin law: accepting bitcoin is now voluntary and taxes are paid only in US dollars. For the bank this means crypto inflows are checked as strictly as anywhere else, and their origin must be documented.
What we do
- Corporate account - opening assistance
See also
Personal account · Investment property · All country programs
We will calculate online the cost of opening an account for your company and maintaining it for a year.
FAQ
Can a foreigner open a company account in El Salvador?
Do I need a local representative for a company account?
What does a Salvadoran bank ask for on a corporate account?
Do Salvadoran banks work with crypto?
In what currency is a company account opened in El Salvador?
Does El Salvador tax a company's foreign income?
What income tax does a company pay in El Salvador?
Can taxes be paid in bitcoin in El Salvador?
Planning a company account in El Salvador?
We assess your company's chances with Salvadoran banks, prepare the compliance pack and guide the opening of a US dollar account. The catalogue covers every country.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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