How to Get a Digital Asset Service Provider (DASP) License in El Salvador

Why El Salvador is the Best Jurisdiction for Your Crypto License

El Salvador is fast becoming the world’s leading hub for digital asset businesses. With its Bitcoin-friendly legal environment, 0% tax incentives, and streamlined licensing process, it's no surprise that global crypto companies are seeking a DASP license in El Salvador to operate legally and efficiently.

The Digital Asset Service Provider (DASP) License, issued by the National Commission of Digital Assets (CNAD), allows companies to legally provide crypto services ranging from exchanges to custody, trading platforms, and more.

Zitadelle AG, a global regulatory advisory firm, offers comprehensive support to crypto, fintech, and blockchain companies seeking licensing in El Salvador.

What Is a DASP License in El Salvador?

The DASP License is a regulatory authorization that allows businesses to operate in the digital asset sector in El Salvador. It falls under the Digital Assets Law and is issued by the CNAD.

There are six categories of licenses under this law:

1. Digital Assets Service Provider (DASP) – Entities offering one or more digital asset services listed in Article 19 of the law.

2. Issuers

3. Issuances

4. Certifiers – Entities conducting legal, financial, and technical due diligence on public offerings.

5. Structurers

6. Issuance Platforms – Including platforms for public, private, or stablecoin offerings.

The DASP category is the most sought-after, offering the broadest operational scope for exchanges, wallet providers, and trading platforms.

What Services Can You Offer Under a DASP License?

With a DASP License in El Salvador, your company can legally provide the following services:

• Crypto-to-fiat and crypto-to-crypto exchange

• Trading platforms for digital assets or derivatives

• Token and digital asset placements

• Digital asset transfers across wallets or platforms

• Custody, safekeeping, and management of crypto assets

• Provision of digital wallets and related access infrastructure

This regulatory license is functionally similar to VASP licenses in the UAE, Seychelles, or the Cayman Islands but comes with unique tax exemptions and streamlined compliance.

Capital Requirements for a DASP License in El Salvador

The CNAD does not mandate a fixed minimum capital amount. However, your business must demonstrate sufficient financial strength based on its planned activities. Generally, companies applying for a DASP license should prepare to show a minimum capital base of USD 70,000 or more.

Your capital adequacy will be reviewed through:

• Audited financial statements

• Financial capacity declarations

• Business model viability assessment

Mandatory Staffing and Governance

The CNAD requires every licensed digital asset firm to have a minimum internal structure that ensures operational integrity and local oversight:

• Board of Directors (mix of local and foreign)

• Legal Representative (must be resident of El Salvador)

• Chief Compliance Officer & Deputy Compliance Officer (suggested to be resident)

• Anti-Money Laundering (AML) Committee

• Cybersecurity Officer

• Customer Support Department

This governance framework helps mitigate risk and ensure compliance with AML/CFT and consumer protection laws.

Tax Benefits for Crypto Businesses in El Salvador

One of the strongest incentives to apply for a DASP License in El Salvador is the zero-tax regime for licensed digital asset activities:

✅ 0% Corporate Income Tax
✅ 0% Value-Added Tax (VAT)
✅ 0% Capital Gains Tax on crypto-related revenues

However, if your business also engages in non-digital asset activities, you’ll be subject to regular local taxation:

• 13% VAT

• 10% Corporate Income Tax

This tax efficiency gives El Salvador a competitive edge over other crypto-friendly jurisdictions.

Regulatory Compliance and Audit Requirements

DASP License holders must comply with mandatory reporting and audit obligations to maintain their license:

• Appoint an External Auditor registered with the Commercial Registry

• Submit Annual Financial Statements with the auditor’s report

• Monthly Trial Balance to the Superintendency of the Financial System (within 10 business days)

• Quarterly Financial Reports to the CNAD (January, April, July, October)

These obligations ensure transparency, accountability, and trust with regulators.

How Zitadelle AG Can Help You Get a DASP License in El Salvador

Zitadelle AG is a leading international consultancy specializing in regulatory licensing for digital asset companies. We provide end-to-end assistance for crypto firms applying for the DASP License in El Salvador.

Our services include:

• Feasibility study and eligibility analysis

• Company incorporation and structuring

• Appointment of local officers and compliance personnel

• Drafting AML, compliance, and operational policies

• Full license application and submission to CNAD

• Ongoing compliance and reporting support

With experience across Mauritius, Malaysia, the AIFC of Kazakhstan, and now El Salvador, Zitadelle AG can help you launch your licensed crypto business with confidence and speed.

📩 Get in touch today to schedule your free consultation.

Conclusion: El Salvador Is the New Home for Regulated Crypto Businesses

Whether you are launching a crypto exchange, wallet provider, DeFi platform, or token issuance venture, the DASP License in El Salvador gives you legal clarity, tax relief, and global legitimacy.

With the backing of experienced regulatory consultants like Zitadelle AG, your path to full licensing and operation in this Bitcoin-powered nation has never been clearer.