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Citizenship by Investment in El Salvador

Citizenship by Investment in El Salvador

If until now the only way to obtain citizenship in El Salvador was naturalization, now a new law enables citizenship by investment. The law refers to residency or citizenship by investment here. One of the main appealing features of the program is the possibility of acquiring a golden visa in El Salvador is being able to make the investment under the form of bitcoins.

 Quick Facts 
Nationalities accepted All 

 Business investment option (YES/NO)

Business investment to be available 

 Real estate investment option (YES/NO)

Real estate option to be included in the program 

 Other investment options (if available)Minimum qualifying investment expected to be USD100,000 
 Living requirement in El Salvador (YES/NO)

 Residence or direct citizenship option

Direct residence 

 Direct immigration with family mmebers (YES/NO)

– 

Family members allowed to join the program 

– 

 Residence visa/citizenship processing time (approx.)

Regular temporary residency is issued in approx. 3 months 

Additional financial requirements for family members (YES/NO) – 
Timeframe for obtaining citizenship/residency by investment 

5 years of living here for obtaining citizenhip 

 Dual citizenship permitted (YES/NO)

Yes, dual citizenship is permitted under the Nationality Law 

 Reasons to choose El Salvador

– access to one of the newest golden visas in the world,

– low investment requirement,

– visa free access to a large number of states 

 Personal income tax rate

Income tax is applied progressively at rates between 0% and 30% 

 Visa free travel to other countries (approx. number of countries) Approx. 140 countries

Below, our local consultants invite you to read more about the program. Once it starts, our specialists can help you apply for residency/citizenship by investment in El Salvador.

What does the golden passport for El Salvador imply?

Here are the main possibilities to obtain a golden passport for El Salvador:

  1. the program will first enable the applicants to acquire residency by investment in El Salvador;
  2. at the beginning, the minimum investment was 3 bitcoins, however, a more traditional approach may be considered;
  3. this approach could imply investing at least 100,000 USD in a qualifying investment;
  4. citizenship by investment in El Salvador may be available after 5 years of living here.

If you are interested in other citizenship by investment countries, you can rely on our specialists in other Caribbean countries, such as St. Kitts and Nevis.

Application requirements for residency by investment in El Salvador in 2024

Like other countries, the citizenship by investment scheme in El Salvador addresses people interested in making a substantial investment in the economy.

Criminal record checks and financial background verifications are part of the due diligence process when applying for the golden visa program in El Salvador in 2024.

We have partners in other golden visa countries under similar conditions. One of them is Antigua and Barbuda.

Differences between El Salvador’s residency by investment scheme and ordinary relocation

The main difference between applying for the 2024 residency/citizenship by investment and ordinary relocation to El Salvador is the investment requirement imposed under the first option.

The main options for obtaining citizenship in El Salvador are:

  • one year of residency for Latin American and Spanish citizens (just like the new program proposes);
  • 5 years of permanent residence for citizens of other countries (just like the conditions of the residency by investment scheme in El Salvador);
  • marriage to a citizen of El Salvador after 2 years of living here together;
  • citizenship can also be awarded based on exceptional services brought to the country.

If you are interested in citizenship by investment in El Salvador, our golden visa agents can offer information on its requirements as soon as they have it.

Why move to El Salvador in 2024

El Salvador is by far the smallest and most densely populated nation in Latin America, with a total area of just over 21,000 sqm. There are small expat communities, primarily made up of people from the United States, Palestine, and other countries in Latin America. The official and most extensively spoken language is Spanish. With the exception of a small number of expats and the 1% of native people who live traditional lifestyles and speak mostly the old languages, such as Maya, the majority of the population are fluent Spanish speakers.

With no more than 6.3 million inhabitants, El Salvador is the smallest country with the highest density of population in Central America, according to data collected by InterNations.org. Foreign citizens seeking to enter the country do not need visas if their stay is less than 90 days.

In terms of taxation, the personal income tax here applies progressively, where the highest rate is 30%.

How long does it take to obtain a visa for El Salvador in 2024?

The initial form can be completed in a matter of minutes as part of the simple El Salvador Freedom Visa application process. Processing times after submission can differ. Approvals might take up to 6 weeks on average. Throughout this time, the supplied data is thoroughly examined and confirmed to make sure it complies with the program’s specifications. Although the application process is quick, it takes time for a thorough evaluation to be completed. This guarantees that all requirements are met before the special Freedom Visa is issued and the door to citizenship is opened.

Spouses, kids, and, in some situations, dependent family members are frequently granted a golden visa. Families can apply jointly under the program in order to pursue citizenship and the benefits of the golden visa.

If you are interested in residency/citizenship by investment in El Salvador, please get in touch with us for updated information.