Fees and timelines in 2022
Fees
El Salvador LLC setup costs in Year 1 will amount to US$5,000 and the average fee per engagement amounts to US$10,135 including i) El Salvador company incorporation ii) corporate bank account setup iii) legal registered office and iv) all government registration fees.
| Different El Salvador entity types | Cost | Draft invoice |
|---|---|---|
| Tax resident LLC | US$10,135 | View invoice PDF |
| PLC | US$10,135 | View invoice PDF |
| Branch of a foreign company | US$10,135 | View invoice PDF |
| Representative office | US$10,135 | View invoice PDF |
| Crypto trading LLC | US$15,135 | View invoice PDF |
Timelines
The average El Salvador company registration period is 14 weeks as outlined below:
| Service | LLC | PLC | Branch | Rep Office |
|---|---|---|---|---|
| Engagement planning | 1 week | 2 weeks | 1 week | 1 week |
| Company incorporation period | 4 weeks | 5 weeks | 6 weeks | 5 weeks |
| Bank account approval | 4 weeks | 4 weeks | 4 weeks | 4 weeks |
| Internet banking approval | 1 week | 1 week | 1 week | 1 week |
| Engagement completion | 1 week | 1 week | 1 week | 1 week |
| Total engagement period | 11 weeks | 13 weeks | 13 weeks | 12 weeks |
