In El Salvador a system has been presented which new companies can use to carry out online registration procedures.
The new platform was created by the Regulatory Improvement Agency, and aims to simplify and accelerate the process of registering new companies in the country.
Elmundo.sv explains that "...At the website Miempresa.gob.sv, users can register the deed of incorporation and the registration of a company with the National Center of Records (CNR).They can also obtain the Tax Identification Number (NIT), the Taxpayer Registration Number(NRC) for those who will act as VAT retention agents."
The new legislation gives legal value to certified electronic signatures and establishes the basis for regulating service providers.
From a statement issued by the Legislative Assembly of El Salvador:
The Legislature has unanimously approved the Law on Electronic Signatures, these regulations give legal security to the certified use of electronic signatures, which through this means allows the country to be incorporated into the global environment, in which secure interactions occur within the information society.
The Government of El Salvador has announced an initiative called "MiEmpresa.gob.sv" which from next May will reduced from five to one the number of forms required for filing and commencement of operations of a company.
A press release from the Ministry of Economy of El Salvador reads:
As part of efforts being made in the country to improve the business climate, the Government of El Salvador announced today an initiative called "MiEmpresa.gob.sv" which from next May will reduce the number of forms required for filing and commencement of operations of a company from five to only one. This is the result of joint work carried out by 8 institutions of government and some local governments.