El Salvador Company and Investments

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bandanna

bandanna

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Apr 1, 2023
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With the unstoppable growth of El Salvador and the announcement of zero taxes on foreign tech companies, I'd love any advices on:
1. Have anybody gone through the process of incorporation in El Salvador and could please explain how-to? Any recommended services to lean on with help?

2. Given the recent and projected growth, I'd like to consider buying investment property/ies there. Any tips you could share as of good areas, listing websites, non-foreigners-rip-off agencies? Or just in general where to start?

Thanks!
 
Not being rude but have you ever been to El Salvador?


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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
bandanna said:
bandanna said:
With the unstoppable growth of El Salvador and the announcement of zero taxes on foreign tech companies, I'd love any advices on:
1. Have anybody gone through the process of incorporation in El Salvador and could please explain how-to? Any recommended services to lean on with help?

2. Given the recent and projected growth, I'd like to consider buying investment property/ies there. Any tips you could share as of good areas, listing websites, non-foreigners-rip-off agencies? Or just in general where to start?

Thanks!
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I looked into some numbers for El Salvador because I don't know much about the country.

Potential industries seem to be clothing manufacturing, sugar, coffee, packaging, and electronic manufacturing. The EU invested money into the renewable industry there.

One of the worlds worst countries to do business in (ranks 109th).

Why not use a structure outside the country? Panama corp, Uruguay, Costa Rica, USA, etc. I don't think I would trust a local structure.
 
bandanna said:
bandanna said:
Not sure how how is this related to the question?

It doesn't sound like you know to how get incorporated in El Salvador, neither about investment there.
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I don't think you done any research on the country and are running of emotion. It is not a high growth country despite short lived post covid jump in GDP growth...lol.

bandanna said:
bandanna said:
With the unstoppable growth of El Salvador
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Lol....not sure where you got this from. You may want to look at facts and figures first. Otherwise you may end up upside down in your investment choices...lol.


https://tradingeconomics.com/el-salvador/gdp-growth-annual
https://www.worldbank.org/en/country/elsalvador/overview

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
  1. First question, Do you speak Spanish?
  2. How fluent is your Spanish? Would you be able to read an opinion of Corte Suprema de Justicia de El Salvador and understand it?
  3. Can you blend into the regular Salvadorean crowd?
  4. Latinos have a completely different culture than Europeans, Americans, Asians, Arabs, Africans etc. You have to be able to "dribble" them and navigate through their idiosyncrasies. Not difficult per se, but one can't impose their "ways & culture" on them. It would be analogous to speaking Swahili to me. I just won't understand. Are you willing to learn new ways of doing things & will you be able to compromise?
These are just some pointers on how to deal with Latin America that I have acquired in the last +4 decades. It's not an exhaustive list.

Good luck.
 
jafo said:
jafo said:
  1. First question, Do you speak Spanish?
  2. How fluent is your Spanish? Would you be able to read an opinion of Corte Suprema de Justicia de El Salvador and understand it?
  3. Can you blend into the regular Salvadorean crowd?
  4. Latinos have a completely different culture than Europeans, Americans, Asians, Arabs, Africans etc. You have to be able to "dribble" them and navigate through their idiosyncrasies. Not difficult per se, but one can't impose their "ways & culture" on them. It would be analogous to speaking Swahili to me. I just won't understand. Are you willing to learn new ways of doing things & will you be able to compromise?
These are just some pointers on how to deal with Latin America that I have acquired in the last +4 decades. It's not an exhaustive list.

Good luck.
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The answer to all the questions above is simply, Yes!

Now, IMHO - I don't think I need to speak the language of every country I invest or have a legal entity / company in.

I understand it's not gold and shiny there, but so did other places I invested in like Tanzania, Egypt , and even UAE back in 2009. I don't mind risk in my portfolio, and still bullish on the future of El Salvador.

In a shortsighted thought, I don't it is ready now. Agreed. But looking beyond that and following my regular personal advisor: my gut, I do believe in its future. Of course there is data to show promising growth there.

Then, I will not listen to hypocrite fake EU/US dictators to tell me who to like or not. They have their fair share of crime and unfaithful act. A lot of it actually.

Of course nothing here is a financial advise. I'm already looking at some plots in El Salvador and found a some agencies online to help incorporating. Just would've preferred a word of mouth from trustworthy members here if anybody went through a similar route.
 
bandanna said:
bandanna said:
The answer to all the questions above is simply, Yes!

Now, IMHO - I don't think I need to speak the language of every country I invest or have a legal entity / company in.

I understand it's not gold and shiny there, but so did other places I invested in like Tanzania, Egypt , and even UAE back in 2009. I don't mind risk in my portfolio, and still bullish on the future of El Salvador.

In a shortsighted thought, I don't it is ready now. Agreed. But looking beyond that and following my regular personal advisor: my gut, I do believe in its future. Of course there is data to show promising growth there.

Then, I will not listen to hypocrite fake EU/US dictators to tell me who to like or not. They have their fair share of crime and unfaithful act. A lot of it actually.

Of course nothing here is a financial advise. I'm already looking at some plots in El Salvador and found a some agencies online to help incorporating. Just would've preferred a word of mouth from trustworthy members here if anybody went through a similar route.
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I think you are ready then. Keep us updated! 😉

Good luck!

bandanna said:
bandanna said:
I will not listen to hypocrite fake EU/US dictators to tell me who to like or not
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You are in the top 0.01% of the population right here with this comment. Few people can have this level of fierceness & independence! You'll win in El Salvador for sure. 😎

Last edited: Sep 2, 2023
 
bandanna said:
bandanna said:
The answer to all the questions above is simply, Yes!

Now, IMHO - I don't think I need to speak the language of every country I invest or have a legal entity / company in.

I understand it's not gold and shiny there, but so did other places I invested in like Tanzania, Egypt , and even UAE back in 2009. I don't mind risk in my portfolio, and still bullish on the future of El Salvador.

In a shortsighted thought, I don't it is ready now. Agreed. But looking beyond that and following my regular personal advisor: my gut, I do believe in its future. Of course there is data to show promising growth there.

Then, I will not listen to hypocrite fake EU/US dictators to tell me who to like or not. They have their fair share of crime and unfaithful act. A lot of it actually.

Of course nothing here is a financial advise. I'm already looking at some plots in El Salvador and found a some agencies online to help incorporating. Just would've preferred a word of mouth from trustworthy members here if anybody went through a similar route.
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I think your call on el salvador is right and I'm interested too, please share some knowledge whenever you can
 
daniels27 said:
daniels27 said:
This is not an investment in the long term. It is only an opportunity.

In countries with low government power, typical investments include mobile payment solutions, cross-border payments etc.
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He made it clear which three investments he is interested in, but they don't seem to be the same ones we care about. 😉
 
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