GENERAL AGREEMENT GATS/SC/29
15April 1994
ONTRADE INSERVICES (94-1027)
ELSALVADOR
Schedule ofSpecific Commitments
(This isauthentic inSpanish only)
____________________ELSALVADOR -SCHEDULE OFSPECIFIC COMMITMENTS
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
I. HORIZONTAL COMMITMENTS
ALL SECTORS INCLUDED
INTHIS SCHEDULE
3) Foraforeign company tobeableto
engage incommercial activities in
ElSalvador, itmust:
-prove thatitislegally established in
accordance withthelawofthe
country inwhich ithasbeen setup;
-permanently maintain inthecountry a
representative withbroad powers to
perform alltheactsthatmust be
carried outandmust have effect in
thecountry;
-accept tobesubject tothelaws,
courts andauthorities ofthecountry
inrespect oftheactsperformed or
having effect inthecountry.1),2)3)and4)Anytypeofincome obtained in
thecountry, other thandividends, paidto
legal persons notdomiciled inthecountry
issubject toadeduction of20percent.
GATS/SC/29
Page1ELSALVADOR (continued)GATS/SC/29
Page2
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
Allforeign investors wishing tobeeligible for
thebenefits andguarantees extended totheir
investment must beregistered intheforeign
investment register keptbytheMinistry ofthe
Economy. Forthispurpose, theMinistry shall
takeintoaccount thenature, value, origin,
destination anddateofentry oftheinvestment,
aswellasanymodification during itspresence
inandexitfrom thecountry.
Registered investment issubject tothefollowing
limitations:
-inthecaseofinvestment in
commercial andservices activities, the
amount ofthenetprofits obtained in
each financial yearthatmaybe
remitted abroad isupto50percent
oftheregistered investment;
-freeremittance ofpayments forrights
touseforeign trademarks andpatents,
technical assistance andother similar
services, provided thevalue does not
exceed 10percentofnetsales.
Small-scale trade, industry andprovision of
services arereserved exclusively forpersons
whoarenationals ofElSalvador bybirth, and
thelawshall establish theceilings forthe
classification ofsuch activities.ELSALVADOR (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
4) Every employer must employ Salvadorian
nationals inaproportion ofatleast 90per
centofthepersonnel ofhisenterprise. In
special circumstances theMinistry of
Labour andSocial Security mayauthorize
theemployment ofmore foreigners when
itisdifficult orimpossible toreplace them
bynationals, butemployers remain obliged
totrain Salvadorian personnel under the
supervision andcontrol oftheMinistry
within aperiod ofnotmore than
fiveyears. Theamount ofwages to
Salvadorians maynotbelessthan85per
centofthetotal wages paid. This
percentage maybechanged withthe
authorization oftheabove-mentioned
Ministry.
Foreigners maynotholdthepositions of
administrator, director, manager or
representative ofasmall-scale enterprise in
thetrade, industrial orservices sector.
GATS/SC/29
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Page4
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
II. SECTOR-SPECIFIC COMMITMENTS
1. BUSINESS SERVICES
A. Professional services
a) Legal services
Solely: legal advisory and
information services
(86190)1) None
2) None
3) None
4) Inorder topractise asalawyer, inother
words, toactasanattorney inaccordance
withnational law,theauthorization ofthe
Supreme Court ofJustice isrequired. Ifa
Salvadorian whohasacquired hisdegree
outside ElSalvador applies tobe
authorized topractise law,hemust present
hisdulyauthenticated degree andshow
thatitisrecognized bytheUniversity of
ElSalvador. Aforeigner wishing to
practise asalawyer inElSalvador must
beagraduate ofaSalvadorian university.
Topractise asanotary itisnecessary to
beSalvadorian.1) None
2) None
3) None
4) Unbound, except asindicated inthe
horizontal sectionELSALVADOR (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
b) Accounting andauditing
services
Solely: financial auditing
services (86211);
accounting review services
(86212); bookkeeping
services, except tax
returns (86220)1) Unbound
2) Unbound
3) None
4) Unbound1) Unbound
2) Unbound
3) None
4) Unbound
c) Taxadvisory services
Solely: business tax
planning (86301);
business taxreturn
preparation (86302)1) Unbound
2) Unbound
3) None
4) Unbound1) Unbound
2) Unbound
3) None
4) Unbound
d) Architectural services
Solely: advisory and
pre-design architectural
services (86711);
architectural design
services (86712)1) None
2) None
3) None
4) Unbound1) None
2) None
3) None
4) Unbound
GATS/SC/29
Page5ELSALVADOR (continued)GATS/SC/29
Page6
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
e) Engineering services
Solely: advisory and
consultative engineering
services (86721)1) None
2) None
3) None
4) Unbound1) None
2) None
3) None
4) Unbound
B. Computer andrelated
services
c) Data processing services
Solely:
Input preparation services
(84310);
dataprocessing services
(84320);
timesharing services
(84330);
other dataprocessing
services (84390)1) None
2) None
3) None
4) Unbound, except asindicated inthe
horizontal section1) None
2) None
3) None
4) Unbound, except asindicated inthe
horizontal sectionELSALVADOR (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
E. Rental/leasing services
without operators
c) Rental/leasing services
relating toother transport
equipment without
operators
Solely: leasing ofcars
(83101)1) Unbound
2) None
3) None
4) Unbound, except asindicated inthe
horizontal section1) Unbound
2) None
3) None
4) Unbound, except asindicated inthe
horizontal section
F. Other business services
a) Advertising services
Solely: saleof
advertising space (87110);
planning, creating and
placement services of
advertising (87120);
other advertising services
(87190)1) Unbound
2) Unbound
3) None
4) Unbound, except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) None
4) Unbound, except asindicated inthe
horizontal section
GATS/SC/29
Page7ELSALVADOR (continued)GATS/SC/29
Page8
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
2. COMMUNICATION
SERVICES
C. Telecommunication
services
Value-added services
Solely: mobile telephone
services (75213);
business services by
private satellite networks
(75221, 75222); data
transmission services
(75231, 75232);
programme transmission
services (75241, 75242);
paging services (75291);
teleconferencing services
(75292); radioelectric
linkconcentration systems
(75299); radio and
television cable services
(75300); equipment rental
services (75410);
equipment sales services
(75420); connection
services (75430);
consulting services
(75440); communication
equipment maintenance
services (75450)1) Unbound
2) None
3) Itisnecessary toapply toANTEL fora
concession orlicence toprovide these
services, andtheapplicant must be
domiciled inElSalvador
4) Unbound, except asindicated inthe
horizontal section1) Unbound
2) None
3) None
4) Unbound, except asindicated inthe
horizontal sectionELSALVADOR (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
6. ENVIRONMENTAL
SERVICES
Solely: cleaning services
ofexhaust gases (94040);
noise abatement services
(94050); nature and
landscape protection
services (94060); other
environmental protection
services (94090)1) Unbound
2) Unbound
3) Itisnecessary toapply tothemunicipal
authorities fortheconcession orlicence to
provide refuse disposal services, withthe
requirement thattheapplicant bedomiciled
inElSalvador
4) Unbound1) Unbound
2) Unbound
3) Unbound
4) Unbound
GATS/SC/29
Page9ELSALVADOR (continued)GATS/SC/29
Page10
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
7. FINANCIAL SERVICES
B. Banking andother
financial services
a) Acceptance ofdeposits
andother repayable funds
from thepublic
Solely: sight deposits in
banks andbranches of
foreign banks (81116);
timedeposits andsaving
accounts (81116, 81119)1) Unbound
2) Unbound
3) Branches, orthrough participation inthe
ownership ofdomestic banks orfinance.
Forcompanies thathave been orareinthe
process ofbeing privatized, theceiling on
shareholding byanatural orlegal person is
fivepercentofthecapital ofthe
institution. Foreign entities wishing to
establish branches inthecountry must
obtain authorization from theFinancial
System Supervisory Department.
4) Unbound, except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) Atleast 50percentofownership ofshares
inbanks orfinance companies setupin
ElSalvador must bemaintained for
Salvadorian natural persons. Creditors
domiciled inElSalvador enjoy preferential
rights overassets which aforeign financial
institution owns inthecountry.
4) Unbound, except asindicated inthe
horizontal sectionELSALVADOR (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
b) Granting ofloans
Solely: granting of
mortgage loans (81131);
personal instalment loans
(81132); credit cards
services (81133); issue
andacceptance ofletters
ofcredit anddocumentary
credits inbanks and
branches offoreign banks
(81139)1) Unbound
2) Unbound
3) Branches, orthrough participation inthe
ownership ofdomestic banks orfinance
companies. Forbanks andfinance
companies thathave been orareinthe
process ofbeing privatized, theceiling on
shareholding byanatural orlegal person is
fivepercentofthecapital ofthe
institution. Foreign entities wishing to
establish branches inthecountry must
obtain authorization from theFinancial
System Supervisory Department. This
authorization isalsorequired byforeign
financial institutions intending toopen
agencies oroffices toserve asinformation
centres fortheir clients orforthe
placement offunds inthecountry inthe
form ofcredits orinvestments, without
engaging indeposit operations inthe
national territory.
4) Unbound, except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) Atleast 50percentofownership ofshares
inbanks orfinance companies setupin
ElSalvador must bemaintained for
Salvadorian natural persons. Creditors
domiciled inElSalvador enjoy preferential
rights overassets which aforeign financial
institution owns inthecountry.
4) Unbound, except asindicated inthe
horizontal section
GATS/SC/29
Page11ELSALVADOR (continued)GATS/SC/29
Page12
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
c) Other financial services
Solely: wholesale deposit
services (81115); security
custody services and
financial reporting
services forclients
(81319); issue and
placing ofsecurities,
bonds andmortgage bonds
inlocal orforeign
currency (81321, 81322);
operations withsecurities
ofother companies, the
Central Reserve Bank or
theState Bank or
guaranteed bythelatter;
andoperations onthe
secondary mortgage
market (81321); financial
intermediation forthe
placement ofresources of
national orforeign
institutions andenterprises
(81331); foreign
exchange buying and
selling operations (81333);
transport ofcashand
securities (81334)1) Unbound
2) Unbound
3) Branches, orthrough participation inthe
ownership ofdomestic banks orfinance
companies. Inthecaseofbanks and
finance companies thathave been orarein
theprocess ofbeing privatized, theceiling
onshareholding byanatural orlegal
person isfivepercentofthecapital ofthe
institution. Foreign entities wishing to
establish branches inthecountry must
obtain authorization from theFinancial
System Supervisory Department. This
authorization isalsorequired byforeign
financial institutions intending toopen
agencies oroffices toserve asinformation
centres fortheir clients orforthe
placement offunds inthecountry inthe
form ofcredits orinvestments, without
engaging indeposit operations inthe
national territory.
4) Unbound, except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) Atleast 50percentofownership ofshares
inbanks orfinance companies setupin
ElSalvador must bemaintained for
Salvadorian natural persons. Creditors
domiciled inElSalvador enjoy preferential
rights overassets which aforeign financial
institution owns inthecountry.
4) Unbound, except asindicated inthe
horizontal sectionELSALVADOR (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
9. TOURISM SERVICES
A. Hotels andrestaurants
a) Hotels
Hotel lodging services
(64110); motel lodging
services (64120);
children 'sholiday camp
services (64191); holiday
centre andholiday home
services (64192); letting
services offurnished
accommodation (64193);
youth hostel andmountain
shelter services (64194);
camping andcaravanning
siteservices (64195);
sleeping carservices and
sleeping services inother
transport media (64196);
other lodging services
n.e.c. (64199)1) Unbound*
2) None
3) None
4) Unbound, except asindicated inthe
horizontal section1) Unbound*
2) None
3) None
4) Unbound, except asindicated inthe
horizontal section
* Duetolackoftechnical feasibility.
GATS/SC/29
Page13ELSALVADOR (continued)GATS/SC/29
Page14
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
b) Restaurants
Solely: meal serving
without self-service
(64210-64230 and64290);
meal serving services in
self-service facilities
(64220); beverage
serving services without
entertainment (64310);
beverage serving services
withentertainment
(64320)1) Unbound*
2) None
3) None
4) Unbound, except asindicated inthe
horizontal section1) Unbound*
2) None
3) None
4) Unbound, except asindicated inthe
horizontal section
B. Travel agencies andtour
operators services
Solely: travel agencies
andtouroperators (74710)1) Unbound
2) Unbound
3) None
4) Unbound, except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) None
4) Unbound, except asindicated inthe
horizontal section
* Duetolackoftechnical feasibility.ELSALVADOR (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
C. Tourist guides services
Tourist guides services
(74720)1) Unbound
2) Unbound
3) None
4) Unbound, except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) None
4) Unbound, except asindicated inthe
horizontal section
11. TRANSPORT SERVICES
C. Airtransport services
Solely:
d) Maintenance andrepair
services11) None
2) None
3) Itisnecessary toapply totheCEPA for
theconcession orlicence toprovide
maintenance andrepair services withthe
requirement thattheapplicant bedomiciled
inElSalvador
4) Unbound, except asindicated inthe
horizontal section1) None
2) None
3) None
4) Unbound, except asindicated inthe
horizontal section
1Asdefined intheAnnex onAirTransport, paragraph 6,a).
GATS/SC/29
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