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Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.Best For:
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El Salvador Facts And Figures
Facts About El Salvador
Spanish is the official language of El Salvador, however,caliche, or Salvadoran slang, heavily inflects the language.
Also, even if you are a proficient Spanish speaker, getting used to the idioms may take a while.
Basic English is spoken widely, as an elementary level is taught in schools.
It’s a good idea to pick up some Spanish phrases, as locals will appreciate any effort to speak their language.
Click here for currency conversion at today’s exchange rate.
| Information Type | El Salvador Data |
|---|---|
| Population | 6,486,205 (June 2020 est.) |
| Gross Domestic Product (GDP) | $27 billion (2020 est.) |
| GDP Per Capita | $3,700 (2020 est.) |
| Inflation Rate | 0.06% (June 2020 est.) |
| Currency | US Dollar |
| Exchange Rate | 1:1 (US Dollar is the official currency) |
| Language | Spanish (official), Nahua (among some Amerindians) |
| Capital | San Salvador |
| Population of Capital City | 3,839,076 (2020) |
| Time Zone | UTC/GMT -6 hours |
| Seasons | Rainy season (May to October); dry season (November to April); tropical on coast; temperate in uplands |
| International Dialing Code | 503 |
| Electricity | 115V, 60Hz |
| System of Government | Republic |
| Income Tax Rate for Residents | Residents are only taxed on their Salvadorian-sourced income at progressive rates, from 10% to 30%. Non-residents are taxed via withholding at 20% or 25% on certain types of Salvadorian-sourced income. |
| Property Tax | 0.00% (Other fees include; 0.63% for registration, 3.00% for transfer, 0.15%-1.00% notary) |
| Capital Gains Tax | Capital gains earned by non-residents from selling property in El Salvador are taxed at 10% |
| Inheritance Tax | Inheritance is subject to income tax rates |
| Rental Income Tax | Non-residents are charged 30% tax on net income derived from leasing properties. |
| Sales Tax | 13% |
| Restrictions on Foreign Ownership of Property | No |
| Local Chamber of Commerce | |
| American Chamber of Commerce | |
| Primary Exports | offshore assembly exports, coffee,sugar, shrimp, textiles, chemicals, electricity |
| Residency and Visa Requirements | To enter the country by air or sea, U.S. citizens must present a current U.S. passport and either a Salvadoran visa or a one-entry tourist card. The tourist card may be obtained from immigration officials for a ten-dollar fee upon arrival in country at an airport or seaport. |
| Residents or Retirees | no |
| National Airline | Avianca |
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