El Salvador’s President Bukele: Citizenship For Foreign Investors
El Salvador’s Preisdent Bukele is very serious about turning his country into a major hub for Bitcoin and cryptocurrency, along with freedom. The latest is Bukele is offering citizenship to foreign investors, he made an offer last year to investors that invest in the country’s proposed bitcoin fund.
Bukele tweeted early Sunday he’s sending 52 legal reforms to El Salvador’s congress, including offering “citizenship in exchange for investments,” saying his plan will “create a haven for freedom.”
Bukele, whose embrace of bitcoin has made him a social media star but controversial internationally, has received more than 42,000 likes on his tweet.
El Salvador would become one of the first countries to offer citizenship to foreign investors, joining Turkey, Malta and several other countries mostly in the Caribbean, according to U.K.-based citizenship consultancy Henley & Partners, which pegs the minimum investment to obtain a passport in those countries in the hundreds of thousands of U.S. dollars.
