The new visa program is designed to help create an environment where active crypto investors can contribute to shaping “El Salvador’s new socio-economic landscape.”
“By helping transform El Salvador into a dynamic global center for advanced technology and financial innovation, investors will become full partners of the nation. And through efforts that contribute to the exceptional growth and development of the country, they will open the path to obtaining a Salvadoran passport,” the government said in a statement.
The new emigration program is called the “El Salvador Freedom Visa” and provides for the participation of no more than 1,000 potential candidates. Technological support for the business emigration program should be provided by Tether.
Founder of cryptocurrency hedge fund Altana Digital Currency Alistair Milne wrote
on social network X that El Salvador’s expectations are too high and uncompetitive. The businessman noted that on the world market there is the opportunity to purchase more profitable citizenship in EU countries for less money.
Investment migration operator Henley & Partners clarifies: Malta offers citizenship for an investment of 750,000 euros (about $810,000), Portugal for 280,000 euros (about $300,000), and Greece for 250,000 euros (about $270,000).
Recently, the President of El Salvador, Nayib Bukele, resigned from his post in order to participate in a new election campaign.
Source: Bits
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