www.ebizguides.com
68
Investment & Legal Framework
TRANSFER OF CAPITAL
AND PROFITS
There are no limits on cash flow, nor, in general,
to foreign capital participation and there is free
repatriation and transfer of capital. There are still
some restrictions on foreign capital inflows on
investments in television and radio, and the purchase
of land.
RULES AND REGULATIONS
ON IMPORTS AND EXPORTS
Imports
(merchandise that does not require prior
permit).
Currently, there are three ways of importing to El
Salvador, which demand some documentation or
paperwork that may vary according to the individual
case.
• Land imports
• Air imports
• Ocean imports (with or without physical
inspection)
Working activity at Acajutla harbour (CEPA)
The minimum wage is 210 US Dollars/month.
The Labor Code establishes that the schedule for day
work, unless there are legal exceptions, will not exceed
8 working hours, and 7 hours for night work. For
dangerous and unhealthy activities, the work schedule
may not exceed 7 hours or 39 hours per week for day
work, and 36 hours per week for night work.
Legal representation of the company may be held by a
foreigner but they must reside in the country and have
LABOR REGULATIONS
Exports
(merchandise that does not require prior
permit).
The opportunities offered by international commerce
are very important. Free Trade Agreements grant tax
exemption to many products and this makes them
more competitive.
• Land imports
• Air imports
• Ocean imports