El Salvador is providing 5,000 “free passports” to extremely skilled workers from overseas, President Nayib Bukele introduced Saturday in his newest try to enhance the nation’s financial system with foreign funding.
Scientists, engineers, medical doctors, artists, and philosophers shall be granted “full citizen status” together with voting rights, the president stated in a press release posted to X.
El Salvador can even assist their relocation by eliminating taxes and tariffs on “moving families and assets” resembling gear, software program, and mental property.
Bukele wrote that the the group’s contributions would have a big impact on the way forward for the Central American nation.
CNN has reached out to El Salvador’s authorities for particulars on the plan.
El Salvador has seen a number of radical and infrequently controversial reforms beneath the strong-arm president’s leadership.
In 2021, El Salvador adopted Bitcoin as a authorized tender alongside the US greenback. But the International Monetary Fund has repeatedly really useful that the nation ditch the cryptocurrency, citing risks together with high volatility.
Last yr, the legislative meeting accepted a migration regulation meant to expedite citizenship to foreigners who help social and financial growth applications by donating Bitcoin, Reuters reported.
Bukele has additionally overseen a brutal and extensively criticized crackdown on crime, which he claims has considerably improved safety, however opponents say it has resulted in large-scale human rights abuses, together with mass detentions and alleged torture in jails.
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