El Salvador Incorporation of Foreign Non-Profit Associations or Foundations.
Foreign associations and foundations wishing to carry out activities in El Salvador, in accordance with our laws on this matter, have the same rights as Salvadoran legal entities, and may therefore establish agencies, subsidiaries, branches, or offices.
Requirements for the application in El Salvador of branches or subsidiaries of foreign non-profit legal entities:
- Certification issued by the Authority that registered the Foundation in the country of origin, legalized by Apostille or by an El Salvador consulate, which must state that the entity is current and legally constituted in accordance with the laws of the country of origin; or a notarized and apostilled copy of the registration or entry thereof.
- Copy of the Foundation's Statutes, authenticated by APOSTILLE or by the Consulate of El Salvador.
- Certification of the Minutes of the General Assembly, essentially reflecting the decision of the NGO members to open a branch in El Salvador, also authenticated or apostilled.
- General Administrative Power of Attorney, stipulating that the attorney-in-fact will represent the Branch in El Salvador, and must remain in El Salvador or have temporary (verifiable) residence in El Salvador. We can provide you with the Power of Attorney template, which must also be notarized and legalized by apostille or by a Salvadoran consulate.
- List of foreign personnel who will remain in the country.
- Initial balance sheet, which will be prepared by our firm. For this purpose, you will need to have initial capital allocated to developing projects in El Salvador. You must also send a certification issued by the Foundation's Board of Directors from your country of origin, stating the means with which your capital will be established.
NOTE 1: Our fee schedule includes review, notarizations, preparation of a duly audited initial balance sheet, and any legalizations requested by NGO Registry Offices. You must also pay the official fees corresponding to the registration of the power of attorney and the foreign branch, which are paid upon approval of the documents.
Note 2: It is important to highlight that the Foreign Agents Registry – RAEX, is mandatory only for natural or legal persons, whether national or foreign, who directly or indirectly receive funds from a foreign person.