El Salvador Offers Citizenship and Tax Incentives to 5,000 Skilled Foreigners

President Nayib Bukele aims to bolster the nation's economy by attracting global talent with offers of citizenship, tax, and tariff exemptions.

El Salvador's President Nayib Bukele announces a plan to offer 5,000 free passports to highly skilled professionals worldwide, including scientists, engineers, doctors, artists, and philosophers.
The initiative grants full citizen status, including voting rights, and promises 0% taxes and tariffs on moving families and assets, aiming to have a significant impact on the country's future.
El Salvador, the first country to adopt Bitcoin as legal tender, continues its efforts to attract foreign investment and talent through innovative policies.
The move has been seen as part of Bukele's broader strategy to stimulate economic growth and secure El Salvador's position as a global innovation hub.
Critics raise concerns over Bukele's strong-arm tactics in governance, including a controversial crackdown on crime resulting in human rights abuses.