El Salvador - The Next Singapore?

Have questions or want to check if we can help you?

Summary of this video:

💼 Tax Changes in El Salvador

- Remittances from abroad for earned income are now tax-free, reduced from 30% to 0%.
- Cryptocurrency earnings, specifically Bitcoin, are also tax-free.
- Citizenship can be acquired through a significant donation, limited to a specific number of applicants.

🏡 Real Estate Development and Safety Measures

- Significant real estate development in the capital and coastal areas.
- Strict measures against gangs have resulted in a safer environment.
- El Salvador is touted as the safest country in the Western Hemisphere.

💳 Financial Regulations and Banking Development

- El Salvador aims to become a financial hub similar to Singapore.
- Anticipated developments include safer banking options and partnerships with international banks.
- New corporate regulations are expected to attract foreign investment and facilitate business operations.

🌐 Potential Changes in Residency Requirements

- Predictions suggest the introduction of a golden visa program or alternative residency options.
- Potential initiatives include property investment or corporate establishment to ease residency requirements.
- Strategic partnerships with various countries aim to enhance the country's global access and passport privileges.

DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.

[Lucas-wnwm]

As a singaporean im happy for El savaldor. We had gang problems in 1970s till 1990s and by 2010s they are mostly cleared.

[wxiipdy]

Bukele doesn’t criticize the West, he addresses their political criticism. Big difference he said we’re not going to just do whatever you say we are our own Nation

[RFM-]

If you are a country in Central America, ALWAYS ALWAYS beware of USA political inference.

[Professional-GamerC]

As a Singaporean I am proud as the world is being safer

[John-hubo]

Stay safe Nayib. El Salvador will thrive and prosper! The biggest fear of the US is that this way of government will happen in other American countries too, so they maybe create a big powerful political / economical block. A big threat to th US, having such a competitor right in front of their door! Stay safe Nayib and all people from El Salvador! Dont ever let happen again what they did to your country!

[sonrt]

Am half salvadorian from my father side, alot of his family is moving back there. After all the gangs cleaned up, alot better but still needs to more work.

[cassiejacobs]

As an officer of a large federal bank recently said, "people complain of the cost of eggs, then go out and buy a new car."

[thegreatsince]

Going to try to get Citizenship from my parents.. they were both born there... have my llc in California but would love to do business in El Salvador

[tonioarceamorrortu]

I wish you the best and make your country the best in Central America. You guys have a great president and I hope you keep Bukele for many years.

[grayfullbuster]

I look at places like Monaco, Singapore, Seoul, and wonder why the USA my country doesnt really have many places close to it. We got Miami, Manhattan, Honululu, Las Vegas, but thats about it. And none of those come remotely close to the beauty of Singapore

[curtbro]

the issue is it's based on one guy, if he disappears I wouldn't want my money invested there, what if the next guy wants to relax the gangs policies

[yanafridabinaev]

I was thinking about this yesterday! I lived in Singapore and seeing what he is doing in El Salvador- I couldn’t agree more! And frankly- I would deffo be up for an El Salvador residency.

[stg]

This has the potential to be a powerhouse. Get in on the ground floor before prices go up.

[iitzwolfy]

I used to be ashamed to say that I was from El Salvador. Now, I'm proud to say I'm from El Salvador! I love my country!

[JamesWilliams-nkml]

Hoy alcancé los 350.000 euros. Estoy realmente agradecido por todo el conocimiento y las pepitas que me habéis brindado durante los últimos meses. Comenzó con 18k en octubre de 2023<<

[ciarankelly]

I lived and worked in Singapore 25 years ago and if Bukele can make his country a
fraction of what Singapore is today it will be great progress for his country. I have nothing but much admiration for Singapore. Greetings from Ireland!

[chalinp]

Salvador is about to become a money washing machine

[rollwiththepunches]

Locals have been priced out in just 12 months not just due to inflation but due to other locals jacking the prices up for tourists most things are same price as Australia

[MrAcidomaximo]

He is doing what's need to be done! We need more people like him here in the states!

[fernando-]

These are positive steps, but the little donation ist a little bit too high for me!