El Salvador - Panama Stock Market Integration

An agreement has been announced which will allow Salvadoran and Panamanian investors to buy securities on the stock exchange of the other country without them being registered in both markets.

Wednesday, September 16, 2015

The stock exchange authorities announced that the agreement implies that each recognizes the other's jurisdiction, allowing a "... Salvadoran investor to order their brokerage house to purchase a share in the Panamanian system directly and deposit the money system in custody in Panama . "

Rolando Duarte, president of the Stock Exchange of El Salvador (BVES), told Eleconomista.net the signing of the agreement is scheduled for September 22, and that "... it will be done in three parts: the superintendents, the exchange and custody of securities. "

".. At the moment, El Salvador has a portfolio of 220 titles registered which Panamanian investors will be able to access. Panama, meanwhile, has a total of 400 titles registered. Duarte sees in this opening an opportunity for investment projects in the country. "These capital flows which could come in could ease financing for large projects and investments. '"

More on this topic

New Attempt to Integrate Stock Markets

July 2018

Using a web platform with key information from all of the markets in the region and the Dominican Republic, Central American stock exchanges propose reviving the plan to create a truly integrated regional market.

Once again authorities at stock exchanges in Central American countries and the Dominican Republic have put back on the table the plan to integrate the stock markets in each each country into a single regional one.

Panama - El Salvador Stock Market Integration

October 2017

Four months after the operations of the two markets were integrated, five brokerage firms are already carrying out transactions and four other are waiting for their operating permit to be processed.

The attractiveness of the Panamanian stock market for both investors and companies raising money explains the great interest that the brokerage firms in El Salvador have shown in being part of the platform that allows them to operate remotely in the Panamanian market.

El Salvador: Tax on Stock Market Gains Lowered

November 2015

A reduction from 20% to 3% has been made on withholding tax on income from investments in securities traded on the local stock market.

From a statement issued by the Financial Supervisory Authority:

Recently, the Legislature approved a decree amending art. 158 of the Tax Code in order to decrease from 20% to 3% withholding tax to foreign persons or entities charged on income from investments in securities traded on the Stock Exchange in the Republic of El Salvador.

Panamanian Stock Market Linked to International Markets

April 2014

The connection to the global capital market will allow for diversification of the sources of financing for local businesses and access to a broader investor base.

The agreement signed between the Panama Stock Exchange, Euroclear Bank and Central Latinoamericana de Valores will provide a direct link to international financial markets.

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