El Salvador: a new service for obtaining a crypto license in the country


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Obtaining a crypto license in El Salvador? Estonian company Gofaizen & Sherle is on it, with its new service dedicated to companies and startups around the world. 

El Salvador: Gofaizen & Sherle offer new service to get crypto license

Estonia’s leading crypto and fintech consulting firm, Gofaizen & Sherle, has announced the launch of its new service dedicated to businesses and startups around the world. 

It is a new comprehensive and simplified solution for obtaining a crypto license in El Salvador, a country where Bitcoin is recognized as a legal currency from September 2021

Specifically, the new service by Gofaizen & Sherle sees three distinct packages: Basic, Fully Operational and Complete. In the Basic service, there is included turnkey company formation, essential corporate documents, AML/KYC policies and the coveted cryptocurrency license

The Fully Operational package, on the other hand, includes other benefits such as customized KYC and AML policies, assistance in opening bank accounts, and the crucial service of finding and hiring a dedicated compliance officer. 

Finally, the Complete package, in addition to all the features of Base and Fully Operational, also sees a one-year office lease and one year of full accounting services, including preparation of annual reports.

El Salvador: how to easily obtain a crypto license

Thanks to Gofaizen & Sherle’s service, companies can easily obtain a crypto license in El Salvador within 4-5- months

In this regard, Mark Gofaizen, Senior Partner at Gofaizen & Sherle, said: 

“Gofaizen & Sherle presents a full cycle service for obtaining crypto license in El Salvador. We take care of all the paperwork and provide robust legal support for our clients, allowing them to focus on their business and operational activities.

El Salvador stands out as one of the most favorable jurisdictions for crypto projects due to its early adoption of Bitcoin as legal tender and its accommodating tax regime, offering the full tax exemption for companies which obtained a crypto license. Moreover, the country offers a secure and reliable crypto-friendly banking system, making it an attractive destination for crypto projects. Gofaizen & Sherle helps crypto companies to start business in El Salvador, offering a comprehensive and streamlined solution for obtaining crypto license in this unique jurisdiction.”

Embracing the digital revolution

El Salvador is increasingly emerging as the country of legal Bitcoin, embracing the digital revolution and attracting the attention of governments, economists and crypto enthusiasts from around the world. 

The leader of this unprecedented move has been President Nayib Bukele, who, although he has been much criticized and supported, seems to be continuing with his revolution over the past two years. 

Indeed, the country of more than 6.5 million people seeks to not only revolutionize its economy, but also improve financial inclusion and unleash a wave of innovation that could redefine global financial systems

Among the latest news, El Salvador is in the public-private partnership with the Volcano Energy group to carry out the ambitious project of creating one of the largest Bitcoin mining farms in the world

Not only that, in addition to new crypto projects, the country with legal Bitcoin has also attracted big industry names, such as Dr. Saifedean Ammous who recently also became an economic advisor to the National Bitcoin Office

Ammous is also the author of the celebrated book “The Bitcoin Standard,” which offers a comprehensive exploration of Bitcoin’s properties as a sound monetary system.