What are the documents required to establish a company in El Salvador?

To establish a company in El Salvador, you must complete the following paperwork:

1. Deciding on the type of company: The most common company types in El Salvador are sole proprietorship (Persona Natural) and limited liability company (Sociedad de Responsabilidad Limitada). You need to decide what type of company you will establish.

2. Determining a company name: You should choose a name that suits your company. It is important to make sure that the name you choose is unique and not used by another company.

3. Preparing a company contract: You need to prepare a company contract that determines the purpose of your company, its management structure, and the rights and responsibilities of shareholders. This contract must be approved by a notary.

4. Tax liability registration: You must apply to the El Salvador Ministry of Finance to register your company and obtain tax liability. You must obtain a tax identification number.

5. Registration in the commercial registry: You must register your company in the El Salvador Commercial Registry. You cannot officially establish your company without registering with the Trade Registry.

6. Determining the location of the company: You need to determine a workplace or office address for your company.

7. Other permits and licenses: Depending on the industry in which your company wants to operate, you may need to obtain additional permits or licenses. For example, a company dealing in food may need to obtain food safety certification.

8. Worker documents: You must complete the documents for the employees you plan to hire. These documents include employment contracts, Social Security records, and other employee documents.

9. Opening a bank account: You need to open a bank account to carry out your company's financial transactions. After completing these documents, you will officially establish your company. However, the setup process and paperwork required may vary, so it is important to seek professional help from a lawyer or a local incorporation service provider.