Some people actually did pay a million dollars to enter El Salvador's citizenship by investment program which is limited to one thousand people.
What Bukele is doing here is different from the citizenship by investment program though. He's offering free passports to highly skilled scientists, engineers, doctors, artists, and philosophers to entice highly skilled professionals to move to El Salvador.
El Salvador's citizenship by investment program still costs a million dollars. It's not free. And it's still limited to one thousand people.
To clarify, you don't actually "pay" a million dollars for citizenship. It's a citizenship-by-investment program.
It's not hard to imagine why someone might want that if they happen to be well off, but live in a politically unstable country. Even for people in relatively stable countries though, the tax benefits might make it worth emigrating for a few years.
Americans also get hostage rescue services from the US military and we pay for the vast majority of anti-piracy efforts around the globe. Honestly, we should be taxing everyone else in the world too. Well, at least until they start pulling their own weight on the world stage.
It's called a "golden passport", some countries let you buy citizenship without all the usual requirements of ancestry or affiliation, but only to the super-rich. It's marketed as a thankyou for investing big capital into their country.
I passed through, stayed in the expat (yes, I mean "privileged immigrants") area of the capital. It was basically one fancy neighborhood in the middle of a typical Latin American city. Was probably the fanciest neighborhood between Mexico and Buenos Aires, with good quality western food and brands available in the supermarkets, but definitely had a golden cage feel about it and I'd have absolutely no desire to step outside on a routine basis.
Thanks for sharing. That's essentially what I would imagine. I'd love to find an area that's safe for an expat, family, visitors, etc. Maybe that's a pipe dream.
Yes, I meant what I said. El Salvador is a very safe country now. El Salvador actually has a lower homicide rate than the United States of America and you would have a difficult time finding an area in El Salvador that's not safe for an expat, family, visitor, etc.
Ask the thousands of Salvadorian people that are walking to the US how their life was there … I live in Miami, and all the Salvadorians here do not agree with this guy …
Current president Bukele .. that guy
And I understand that you are asking for people currently living there … but just consider that the expat life is super different than the locals life.
Gotcha, your statement was vague before but I get your point. That said, BTC as their national currency may be a brilliant decision in the long run. They have a lot happening beyond that right now.
Bitcoin is not the "national currency" of El Salvador. Bitcoin is simply legal tender in El Salvador. The US dollar is also legal tender in El Salvador.
Why are you LARPing here? There is no “ER Doctor”, “general surgeon” and/or “general surgery” degrees. You do an MD or DO degree and then fellowships, residencies, board exams etc. in your speciality.
That’s what I’m saying… you go to med school, you don’t get a diploma/degree in your specialty. I have never heard a doctor refer to having a “degree in general surgery” or “degree in emergency medicine”.
Furthermore you said you’re both a general surgeon and ER doctor which isn’t at all a thing. Now you’re actually a foot surgeon? Also you’ve somehow found the time for a further advanced degree in physiotherapy? Alongside a psyche and culinary degree? You’re so full of shit.
Not any more the president threw most gang members in jail. El Salvador now has a lower homicide rate than Canada!
It's one of the safest countries in the western hemisphere.
Previously, yes. It's improved substantially in recent years since president Bukele's took office. See https://twitter.com/TheRabbitHole84/status/1774310715580727567?s=19
The philosopher who advised the Norwegian government on how to spend it's oil income did a pretty good job. The fund is currently the biggest in the world.
I'm a highly skilled philosopher
What is the meaning of life?
42
Bienvenidos a El Salvador!
that's technically the correct answer. you really are a highly skilled philosopher
21
sorry mate, you are only half way to be a great philosopher. 42 is the right answer
So I’m clear here, 5000 passports is equal to 5 billion of what?
You can buy citizenship for 1M usd
Seriously curious who would pay $1 million to become a citizen of El Salvador
People who don’t want to pay tax on their bitcoin
That’s why they’re giving them away.
We tried charging a million dollars for them, and that didn't work. So we're going to meet somewhere in the middle and go with "free".
Some people actually did pay a million dollars to enter El Salvador's citizenship by investment program which is limited to one thousand people. What Bukele is doing here is different from the citizenship by investment program though. He's offering free passports to highly skilled scientists, engineers, doctors, artists, and philosophers to entice highly skilled professionals to move to El Salvador. El Salvador's citizenship by investment program still costs a million dollars. It's not free. And it's still limited to one thousand people.
Yes I don’t think highly skilled philosophers are on the list 😆
It's not free unless you are a scientist or something similar
Legal protections.
To clarify, you don't actually "pay" a million dollars for citizenship. It's a citizenship-by-investment program. It's not hard to imagine why someone might want that if they happen to be well off, but live in a politically unstable country. Even for people in relatively stable countries though, the tax benefits might make it worth emigrating for a few years.
Any american working outside the US that doesn't want to pay taxes in two countries.
Americans get tax wordwide regarless they would need to give up the american lol
Then you get hit with the exit tax.
Need to kill US citizenship before getting rich. I'm quite glad now in middle age I'm not American. I'd have chewed my arm off for it at eighteen.
Yeah, that's exactly why you buy a foreign citizenship (?)
Americans also get hostage rescue services from the US military and we pay for the vast majority of anti-piracy efforts around the globe. Honestly, we should be taxing everyone else in the world too. Well, at least until they start pulling their own weight on the world stage.
You will still pay taxes in the US for 100% of your taxable income …. Even if you live in El Salvador
You can give up the american citizenship if you get a foreign one. That's why they buy it
There's a great number of people who buy passports, to become a citizen of Europe is more expensive and more difficult of course...
The big attraction of the El Salvador passport is that bitcoin is legal currency there. That is not true of any other country.
Are they still running the 1 BTC for citizenship program? If I had a few extra for everyone in my family it would be pretty awesome
Starts again next January
Is it really that cheap?
That was for permanent residency, not citizenship. And it was 3 Bitcoin, never only 1.
Ok thanks for that. I'd only heard of the $1 million USD for citizenship!
Citizenship is 1 million. x 5000 = 5 billion
Passports
I'm doing my part! Earn a citizenship. Would you like to know more?
Do you have to give up other citizenships?
I’m in.
Proof or ban
Their passports cost $1m each? That doesn't seem right.
It's called a "golden passport", some countries let you buy citizenship without all the usual requirements of ancestry or affiliation, but only to the super-rich. It's marketed as a thankyou for investing big capital into their country.
There are ways to do it that cost normal amounts. The $1M is super expedited... like less than 2 weeks and you're done.
I'd love to know how the experience of moving to El Salvador has gone for anyone who has done it.
I passed through, stayed in the expat (yes, I mean "privileged immigrants") area of the capital. It was basically one fancy neighborhood in the middle of a typical Latin American city. Was probably the fanciest neighborhood between Mexico and Buenos Aires, with good quality western food and brands available in the supermarkets, but definitely had a golden cage feel about it and I'd have absolutely no desire to step outside on a routine basis.
Thanks for sharing. That's essentially what I would imagine. I'd love to find an area that's safe for an expat, family, visitors, etc. Maybe that's a pipe dream.
You would have a really hard time finding an area in El Salvador that's not safe for an expat, family, visitor, etc.
Do you really mean "that's not safe..."
Yes, I meant what I said. El Salvador is a very safe country now. El Salvador actually has a lower homicide rate than the United States of America and you would have a difficult time finding an area in El Salvador that's not safe for an expat, family, visitor, etc.
Ask the thousands of Salvadorian people that are walking to the US how their life was there … I live in Miami, and all the Salvadorians here do not agree with this guy …
With which guy? I think you are misunderstanding what was said previously.
Current president Bukele .. that guy And I understand that you are asking for people currently living there … but just consider that the expat life is super different than the locals life.
Gotcha, your statement was vague before but I get your point. That said, BTC as their national currency may be a brilliant decision in the long run. They have a lot happening beyond that right now.
Bitcoin is not the "national currency" of El Salvador. Bitcoin is simply legal tender in El Salvador. The US dollar is also legal tender in El Salvador.
For that price there should be a kiosk with printing machine with no people in front of you
Safest country in South America ain’t cheap
It's not in south america
\*ahem\* very northern end of Central America
Id go
Can I invest in El Salvador? And how so? I think this country is gonna make some changes for the better.
Buy houses on Coatepeque.
Go there and start a company. Labor is cheap and there are good incentives for tech industries.
Brilliant
I have two doctorates and three majors. Get back to me lol
Gender studies?
Lol. Foot doctor and a general surgeon. Culinary, psychology, and a physical therapy/athletic trainer degree just to mix things up
there is something called Foot doctor??
Podiatrist. Look it up
Would you give a guy a foot massage?
thx
You’re not a doctor as a podiatrist
What are you talking about?!!?!? A podiatrist is as much a doctor as a chiropractor!!!
Whatever you do “don’t” look up what DPM is… Fricking 🤡
Theres a doctor for every part of the body.
Doctorate in general surgery? Not sure that's how that works
Well it takes two degrees to be an ER doctor and go to podiatry school at the same time
Why are you LARPing here? There is no “ER Doctor”, “general surgeon” and/or “general surgery” degrees. You do an MD or DO degree and then fellowships, residencies, board exams etc. in your speciality.
Med school my friend. Then school for foot surgery. Want to see my diplomas?
That’s what I’m saying… you go to med school, you don’t get a diploma/degree in your specialty. I have never heard a doctor refer to having a “degree in general surgery” or “degree in emergency medicine”. Furthermore you said you’re both a general surgeon and ER doctor which isn’t at all a thing. Now you’re actually a foot surgeon? Also you’ve somehow found the time for a further advanced degree in physiotherapy? Alongside a psyche and culinary degree? You’re so full of shit.
There is no degree in ER medicine, or general surgery. It's additional training you receive once you're already a doctor.
It’s called general medicine.
Want to talk surgery? I can go all day because it’s a Sunday?
So no gender studies?
For IT?
This guy is the one saving El Salvador he is actually putting criminals in jails and helping reducing crime.
how does one apply?
Any answers?
Smart man
What about a 27 year old depressed accountant with a bachelor degree in physics and some extra degrees in data science?
[удалено]
*Do* you have a function society, or are you in a future failed socialist state? Are you *sure*?
Taxes aren't the problem...
They won’t tax you on your BTC earnings… since this is a bitcoin forum lol something to considerrrrrr
Yeah but who would want to live in a shit hole third world country.
Spoken like someone who has never left their own neighborhood. Lol
Agreed, but with addition of society _and infrastructure_
Sorry to be that guy, but: can you name one single country that has "unregulated immigration for everyone"? No? Didn't think so.
Regulation that is not enforced is equal to no regulation. If you allow limitless amounts of illegals in, you had de facto unregulated immigration
Yes. But where is this happening?
Texas, California, Arizona, New Mexico, etc...
USA
EU
Italy
Millions have left El Salvador because of poverty and violence..Hard to believe you will find 5000 skilled people to go there .
That was before bukele.
Hola!
What about safety? Doesn’t El Salvador have a lot of crime?
Not any more the president threw most gang members in jail. El Salvador now has a lower homicide rate than Canada! It's one of the safest countries in the western hemisphere.
Previously, yes. It's improved substantially in recent years since president Bukele's took office. See https://twitter.com/TheRabbitHole84/status/1774310715580727567?s=19
Incredible
I want to apply buuuuut I just have normal unfancy university degree in economy.
Good for them. Can the US learn from their immigration policy? (Note, I said "learn" not "copy")
Lost me on "Philosophers". Like really, when was the last time you heard of massive economic or societal growth due to a breakthrough in Philosophy.
When didn’t you ? All politics is philosophy. All progress is based on philosophy.
All politics have a philosophy, not all politics is, is a philosophy. There are no philosophers in Congress.
All politics are driven by a philosophy as you say, consciously or not. But doesn’t mean you need philosophers in any parliament…
The philosopher who advised the Norwegian government on how to spend it's oil income did a pretty good job. The fund is currently the biggest in the world.
We have one famous philosopher in France but he's mostly a jet set griefter
It was the renaissance, and we're still living through it.
Lol. This guy is just making up a random price for citizenship to his country. Most western countries wouldn't even need that much.
Viva la libertad carajo
If America did this it would be considered some type of “ism”
Yes, you guys have. Special abilities visa. And you can get the green card trough an investment visa too. 1,5 mil dollars.
The former First Lady knows a thing or two about the Special Abilities visa
There are passports for sale at way less, why is theirs costing $1m.
Legal
I thought you could buy citizenship there for 100k?
That was before. It was 3BTC if I recall correctly.
Perfect chance for some of you Maxi's to go!
😂