"El Salvador to Provide 5,000 Free Passports to Skilled Foreign Workers"

1 min read
Source: Benzinga
"El Salvador to Provide 5,000 Free Passports to Skilled Foreign Workers"
Photo: Benzinga
TL;DR Summary

President Nayib Bukele of El Salvador announced a plan to offer 5,000 free passports to highly skilled professionals from around the world, granting them full citizen status, including voting rights, and promising 0% taxes and tariffs on moving families and assets. This move is part of El Salvador's efforts to position itself as a global hub for innovation and talent, following recent initiatives such as adopting Bitcoin as legal tender and passing a new migration law that allows expedited citizenship to foreigners who donate Bitcoin to the country's development projects.

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