Bitcoin bull country El Salvador invites talented people for free citizenship
Nayib Bukele confirmed that his country is ready to invite 5,000 foreigners to the country for free citizenship & with additional incentives.
El Salvador is a Bitcoin bull country. Under the presidency of Nayib Bukele, this country adopted Bitcoin as a currency in September 2021. At present, this country holds more than 2,849 BTC.
To increase Bitcoin holdings, this country buys 1 Bitcoin per day by using government funds and also motivates citizens to invest in Bitcoin via Bitcoin bonds, issued by the El Salvador government.
In late 2023, the El Salvador government also started to offer foreign people to donate one million US dollars in Bitcoin for El Salvador citizenship.
Many Bitcoiners showed a significant inclination toward this country because of the zero-tax policy for Bitcoin holders. This year, the El Salvador government proposed the idea to reduce the huge amount of tax from businesses.
On 7 April 2024, El Salvador president Nayib Bukele announced that they are offering 5,000 people free citizenship in the country and also the government will impose zero tax for the property relocation procedure.
With this free citizenship program, El Salvador aimed to attract highly skilled scientists, engineers, doctors, artists, and philosophers in the country from abroad.
Bukele confirmed that officially some additional information will be shared with the people who are willing to shift to the country.
This is a very big step by the El Salvador government because it will not only increase the number of talent in the country but also it will attract high-level businesses to the country. All these efforts will help to further boost the economy of the country.
It is worth it to note that the pump in the economy of this country will significantly impact the trade price of Bitcoin, as this is the top Bitcoin supporter country & further growth of this country will act as a catalyst factor for Bitcoin.
Between 2021-2023, El Salvador saw an inflow of huge numbers of tourists in the country. Many people visited Bitcoin Beach, a popular beach town where all small & big businesses accept Bitcoin payments called El Zonte in El Salvador.
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