Gambling License in El Salvador: New Opportunities for Gambling Operators

El Salvador is rapidly becoming one of the most attractive markets for online gambling. The country’s gambling regulation began in December 2021, when a body responsible for monitoring and supervising this area was created. This has led to the development of a stable and safe environment for operators and players.

One of the key advantages of running a gambling business in El Salvador is the legal status of Bitcoin, which is recognized as an official means of payment. This allows gambling operators to conduct transactions in Bitcoin and exchange them for US dollars at the market rate through the Development Bank of El Salvador (BANDESAL). This mechanism greatly simplifies the work of companies, providing flexibility in settlements.

The El Salvador gaming license is recognized by the international community and is not blacklisted, which gives operators the opportunity to legally operate around the world. The license covers both B2B and B2C segments, making it universal and cost-effective for various types of businesses.

Conditions for obtaining a gambling license in El Salvador

To obtain a gambling license, it is necessary to fulfill a number of requirements:

• Registration of a local company in El Salvador;
• Minimum start-up capital – 2000 USD (25% is contributed at the start);
• At least two directors (without citizenship restrictions);
• At least two shareholders (individuals or legal entities, without citizenship restrictions);
• Appointment of a secretary;
• Opening a local office;
• Accounting for a corporate bank account in El Salvador;
• Appointment of a registered representative, who can be a resident or a foreigner living in El Salvador;
• Registration with the National Lottery of El Salvador (LNB) and obtaining a permit to operate.
• In addition, gambling companies are required to maintain accounting records and undergo an annual audit.

Types of Gambling Licenses in El Salvador

The country has a unified system for registering gambling operators through the National Lottery of El Salvador (LNB). The license obtained covers both B2B and B2C operations, making it universal for various types of activities.

Documents required to obtain a license

To begin the application process, you must provide:

• Notarized copies of the passports of all directors and shareholders;
• Notarized documents confirming the residential address of each director;
• Taxpayer Identification Number (TIN) of shareholders (if any);
• Bank statements of directors;
• Two letters of recommendation from lawyers for each director and shareholder;
• CVs of all directors and shareholders;
• Higher education diploma of the founder;
• Certificate of no criminal record.

The process of obtaining a license in El Salvador is considered relatively quick and takes about 2-3 months.

IT-OFFSHORE will help you obtain a gambling license in El Salvador, providing full support at all stages of registration and paperwork.