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BTC, Technology and Services

An excellent nearshore outsourcing opportunity for the US, Canada and Latin America

Bitcoin

In El Salvador, the Bitcoin Law entered into force in September 2021. This positions us as the first country in the world to adopt the bitcoin as legal tender. This has generated interest from foreign investors to establish operations in the country related to Bitcoin and other sectors such as: tourism, real estate, technology, mining and energy, positioning El Salvador at the forefront of financial technology.

Jessica Bukele
Investment Specialist

Email: jessica.bukele@investelsalvador.com
Mobile: +503 7883-5156

Key facts

Advantages of investing in El Salvador

  • El Salvador has a huge potential market for digital wallets and other services that promote financial inclusion: 70% of citizens remain unbanked.
  • The level of technology and communications adoption in the country could trigger the development of operations related to financial technology: 68% of adults have a smartphone with internet access (According to a survey conducted by BCR).
  • There is a growing knowledge of cryptocurrency ecosystem in the country. According to a survey conducted by Central Bank, 81% of respondents have heard about cryptocurrencies, 65% know about digital wallets and among the people who have used them, they highlighted among their advantages the speed of transactions, trust and lower costs than traditional channels.

Investment Opportunities

  • Digital Wallets
  • Exchange Bureau
  • Bitcoin Custody
  • Bitcoin service providers
  • Bitcoin City

Digital technologies and business processes

The Business Processes sector in El Salvador has experienced an unprecedented growth since its beginning. The Digital Technologies sector has also begun its steep growth curve in El Salvador, where companies of international prestige have found in our country a strategic partner. In turn, these companies provide services to other multinationals from El Salvador with exceptional results in key performance indicators (KPIs) of the industry.

Key facts

Advantages of investing in El Salvador

  • Outstanding Human Talent with exceptional performance in industry key performance indicators.
  • Neutral English and Spanish accents, as well as cultural affinity with major markets such as the United States and Latin America.
  • Generous tax incentives
  • Fast learning curve and loyalty
  • Excellent Telecommunications Platform

Investment Opportunities

  • Contact centers: product sales, order taking, cross sales & up sales, customer relationship management, technical support, customer service, customer prospecting, technical support/warranty, customer acquisition and retention, inbound and outbound calling, appointment scheduling.
  • Business Processing Services: Data capturing, General ledger accounting, Order processing, Bank reconciliations, Transaction processing, Fixed asset accounting, Data reporting, Marketing surveys & research, Inventory accounting, Payroll processing.
  • Business Processing Services: data capturing, General ledger accounting, Order processing, Bank reconciliations, Transaction processing, Fixed asset accounting, Data entry and transcription.
  • Information Technology Services: web development, mobile development, UX/UI design, DevOps, quality assurance.

Startups

The El Salvador Startup Ecosystem is showing a positive momentum. Big private players along with the Government of El Salvador had united under one initiative with the purpose of promoting actions for growth and acceleration of El Salvador’s startup and innovation ecosystem. Besides that, there are funding entities offering venture capital and angel investment, as well as a whole growing support system, including training, incubation, acceleration and visibility programs for entrepreneurs.

Key facts

Advantages of investing in El Salvador

  • The country is advancing toward becoming an emergent location for startups.
  • There are already successful cases of companies that were born from an idea and today are leading startups based in El Salvador.
  • Some of the strengths of El Salvador, according to the Global Innovation Index 2022, are the high level of firms offering formal training as well as the level of high-tech imports as percentage of total trade.

Investment Opportunities

  • Incubators
  • Accelerators
  • Investment funds
  • Innovative business ideas

Logistics

El Salvador has the conditions to offer a quick response to the market, ideal attribute to be the logistics hub for international companies. It offers the possibility to capture cargo from diverse origins: regional (imports and exports), transshipment, transit and that generated by off-shore manufacturing companies. One of the main achievements already reached is the awarding of the expansion of the AIES-SOARG air cargo terminal. The Public Private Partnership of the Cargo Terminal is focused on increasing efficiency in the handling of import and export cargo, which will greatly enhance El Salvador as an aeronautical and logistics hub in the region.

Key facts

Advantages of investing in El Salvador

  • Strategic location for regional logistics hub.
  • The Government continues to bet on the modernization of borders. El Salvador is moving forward on its way to becoming a regional leader in trade facilitation.
  • Tax benefits that can be obtained by being benefited by one of the two available laws that are attached to the economic activity:
  • Free Zones Law. Commercialization of industrial goods produced in free zones or inward processing warehouses of products that have not undergone a transformation process by the marketer.
  • International Services Law. National distribution and international logistics operations to third parties or indirect users. One of the main advantages is that the logistics company is authorized to fraction, select and pack merchandise for third parties.

Investment Opportunities

  • Logistics center for supplying extra-regional, intra-regional and domestic trade.
  • Product distribution service.
  • Package consolidation service with a variety of products.
  • Manage cargo from diverse origins: regional (imports and exports), transshipment, transit and cargo generated by offshore manufacturing and logistics operators.

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