I applaud the effort but the biggest impediment is likely to be the historically high crime rate.
This is really a chicken or egg problem. Which comes first --- skilled people moving to El Salvador or a society in El Salvador that skilled people want to live in?
I think El Salvador should offer two alternatives: Passport OR permanent residency. As there are many other countries that don't recognize double nationality and would require the applicant to cancel their original nationality. And that's a harder decision than just moving countries.
I think there may be a niche that could take advantage of this model. Specially those coming form countries that have problems less present than El Salvador. Like those affected by war, bad climate, unstable currency o weaker passports.
While crime was historically high, El Salvador is a very different country now with today's low crime rate. It's been truly life changing for everyone in the country who is younger than 50 years old and never lived in a country without war or gangs.
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This is really a chicken or egg problem. Which comes first --- skilled people moving to El Salvador or a society in El Salvador that skilled people want to live in?
I think there may be a niche that could take advantage of this model. Specially those coming form countries that have problems less present than El Salvador. Like those affected by war, bad climate, unstable currency o weaker passports.
While crime was historically high, El Salvador is a very different country now with today's low crime rate. It's been truly life changing for everyone in the country who is younger than 50 years old and never lived in a country without war or gangs.