El Salvador is offering an immediate permanent residency for crypto investors.
You can get El Salvador golden visas for as low as 3 Bitcoins.
In September 2021 El Salvador made history announcing Bitcoin as legal tender. The small country in Latin America you might have never heard of thus becomes the first territory where you can pay with BTC for literally everything.
Be it a cup of coffee or your real estate taxes, every commercial or state entity of EL Salvador accepts Bitcoin now.
There is one more thing that makes El Salvador an utterly attractive place to be now. El Salvador is a tax free country for Bitcoin investors.
But there is more.
President of El Salvador has recently announced the new golden visa scheme. It basically means you can become a legal resident of El Salvador if you invest Bitcoin in the El Salvador economy.
El Salvador gives golden visas for Bitcoins
El Salvador is offering an immediate permanent residency for Bitcoin investors.
This new golden visa scheme was announced by President of El Salvador after announcing Bitcoin as legal tender to attract wealthy crypto investors.
Bitcoin investors can invest 3 BTC to gain permanent residence in the country.
Permanent residents can naturalize for Salvadoran citizenship after 5 years. The naturalization fee is $700.
It is Bitcoin only program. Those who can invest fiat, can apply for temporary residency under investor permit. So if you have fiat you consider transferring it into Bitcoin to apply for El Salvador golden visas.
It is worth mentioning that you don’t have to invest 3 BTC for every member of your family. If you invest those coins yourself your family can stay in El Salvador with you.
Permanent residents can be absent from the country for up to two years without losing their status.
By the way, the Salvadoran passport is also a very good passport with visa-free or visa on arrival access to 135 countries and territories which include the United States, the United Kingdom, all of the European Union etc.
Why go to El Salvador?
El Salvador is a smallest country in the Central America. It is situated near Guatemala, Honduras and Nicaragua.
It is the only country in Central America that does not have a coastline on the Caribbean Sea. All the beautiful shores that you can find in El Salvador are situated on the Pacific Ocean. By the way, El Salvador is well know for surfing. As well as for its wonderful coffee. And volcanoes, of course. One of them is already being used to power Bitcoin mining. How smart is that, huh?
El Salvador has a population of a typical US city. It is somewhere near 6.8 people. Total GDP is $25 billion. El Salvador uses US dollar is official currency in use with Bitcoin a legal tender from September 2021.
Why should you consider moving to El Salvador?
Well, if you are a crypto enthusiast such a question is pointless. El Salvador is the first country where crypto has become something casual. Isn’t it exactly what we have been dreaming about for so long?
As for crypto investments, El Salvador is also a dream country. It is tax free for those who invest in Bitcoin. So presumably you have mined some BTC and now you can invest it all in , say, a coffee shop or a bar on the ocean beach absolutely tax free. Imagine how cool is that!
And one more thing. El Salvador is one of the few countries of the world where there is no property tax. Yes, you get it right. No matter how big is that mansion, you pay exactly zero taxes when you own it.
Source: CitizensOfBitcoin