Salvadoran President Nayib Bukele wants to offer citizenship to those who invest in the small Central American nation. Recall that in September, El Salvador became the first country to recognize bitcoin as a legally recognized currency, and seems to want to continue with reforms to attract foreign capital. El Salvador's President Nayib Bukele said in a tweet on Sunday that he plans to introduce a series of reforms including offering citizenship to foreign investors.
I’m sending 52 legal reforms to congress, to remove red tape, reduce bureaucracy, create tax incentives, citizenship in exchange for investments, new securities laws, stability contracts, etc.
— Nayib Bukele 🇸🇻 (@nayibbukele) February 20, 2022
The plan is simple: as the world falls into tyranny, we’ll create a haven for freedom.
Among the most important proposals, Bukele called for removing red tape, reduce bureaucracy, create tax incentives and also offering citizenship to foreigners seeking to invest in the nation. Another step for the populist leader's plan to bolster the country's economy by attracting non-traditional capital.
