El Salvador’s president, Bukele, has announced the distribution of 5,000 $5 billion passports to highly qualified professionals, aiming to attract foreign scientists, engineers, physicians, artists, and philosophers. The plan promises eased migration, no taxes, and no tariffs on family and valuables movement.
El Salvador’s president, Nayib Bukele, has declared the distribution of 5,000 complimentary passports valued at $5 billion. If rumors are to be believed, highly qualified professionals will be eligible to get these free passports. This $5 billion plan, part of the nation’s passport program, seeks to attract foreign scientists, engineers, physicians, artists, and philosophers.
Bukele announced this will impact less than 0.1 percent of the country’s population. With such a small group, granting them full citizenship, including voting rights, would pose no real challenges. He also vowed to simplify their migration. They won’t face taxes or tariffs when moving families or possessions, even software, hardware, or intellectual property.
Bukele highlighted how these few individuals could dramatically shape the nation’s path, even though their numbers are small. These experts, although being few in number, will have a significant influence on their society. Furthermore, El Salvador pledges to waive taxes and tariffs related to the migration process for the individuals who benefit from this passport program, therefore promoting an atmosphere that supports their assimilation and involvement.
With less than 10 million people living there, El Salvador is noteworthy for being the smallest nation in Central America. Along with Honduras and Guatemala, it borders a vast stretch of the Pacific Ocean. The capital city is San Salvador.
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