Living In El Salvador

Security, Living and Working Opportunities for Foreigners

El Salvador, one of the smallest countries in Central America, has undergone significant change and transformation in recent years. While the country’s high crime rates and gang activities have negatively impacted its reputation in the past, recent security reforms and economic growth are gradually changing this narrative. In this blog, we answer key questions for foreigners looking to understand how to start living and working in El Salvador, the current security situation, and job opportunities in the country.

What is El Salvador?

El Salvador, with San Salvador as its capital, is located in the southeastern part of Central America. Despite being small, El Salvador has historically been known for agriculture, particularly coffee production. However, in recent years, the country has gained attention for its service sector, emerging startups, and opportunities for digital nomads.

What Currency is Used in El Salvador?

The official currency of El Salvador is the United States Dollar (USD), which the country adopted in 2001 after abandoning its previous currency, the Colón. As of 2021, Bitcoin also became an official legal tender in El Salvador, making it the first country to accept Bitcoin as a national currency. Bitcoin transactions have become increasingly common in the country, alongside traditional payments in USD.

Living in El Salvador as a Foreigner

Starting life in El Salvador requires understanding several factors that affect foreigners, especially in terms of security and daily life. Many foreigners prefer to live in San Salvador, La Libertad, and Antiguo Cuscatlán, which are more developed and safer areas.

• Security: El Salvador has long struggled with gang violence and high crime rates, especially in cities like San Salvador. However, in recent years, the government has implemented strict measures to combat gang activities, leading to a reduction in crime rates. While some areas, especially in urban centers, still experience risks, the overall security situation has improved significantly. The government has also taken strong steps to reduce crime, particularly in the capital.

• Cost of Living: The cost of living in El Salvador is generally lower compared to many countries in North America and Europe. Basic needs such as housing, food, and transportation are more affordable, making it an attractive option for expatriates. There are plenty of affordable apartments and houses for rent, especially in the larger cities.

• Healthcare: Healthcare services in El Salvador are generally good, especially in urban areas. Private hospitals and clinics provide high-quality care, though access to healthcare may be limited in rural regions.

Working in El Salvador: Job Opportunities and Visa Options

El Salvador offers various job opportunities for foreigners, especially in the fields of technology, tourism, e-commerce, and financial technology. The country’s economy continues to grow, particularly in digital industries, making it an appealing destination for foreign professionals and remote workers.

El Salvador E-Work Visa

El Salvador has become an increasingly attractive destination for digital nomads and remote workers. The E-Work visa is a visa type designed for individuals who want to reside in El Salvador while working remotely. This visa allows individuals who work online or freelance to live and work legally in the country.

The E-Work visa is ideal for those who are employed by a company based outside of El Salvador or are self-employed. This visa offers several advantages, such as low taxes and social security benefits for digital nomads, freelancers, and remote workers who want to live in El Salvador.

El Salvador E-Investor Visa

El Salvador is particularly attractive to foreign investors, especially those involved in cryptocurrency and Bitcoin-related activities. The E-Investor visa is available to foreign nationals who wish to make investments in El Salvador, either through starting a business, creating job opportunities, or participating in innovative projects.

El Salvador’s welcoming stance toward cryptocurrency has made it a global hub for Bitcoin. This visa allows investors to reside in the country while contributing to the growing economy, especially in the technology and crypto sectors.

Crime and Gangs in El Salvador: The Current Situation

Historically, El Salvador was known for its high levels of gang violence and crime. The country has struggled with organized gangs such as MS-13 and 18th Street that controlled much of the crime. However, since the government of President Nayib Bukele took power, significant efforts have been made to combat these gangs and reduce crime.

Security Operations: The government has launched major security operations to tackle gang violence, leading to a substantial decrease in crime rates. In 2022, the country saw a 50% reduction in homicide rates. While the gangs’ influence still exists in rural regions, major urban areas like San Salvador have become much safer. However, it’s still advisable for foreigners to avoid traveling alone at night and to follow local safety guidelines.

Can You Gain Citizenship in El Salvador Through Bitcoin?

El Salvador’s decision to recognize Bitcoin as legal tender has made the country a focal point for cryptocurrency enthusiasts. However, Bitcoin alone cannot grant you citizenship in El Salvador. To apply for citizenship, foreign nationals must meet certain legal residency requirements, including living in the country for a specified period and fulfilling other criteria.

Foreigners interested in gaining residency or investment opportunities in El Salvador through Bitcoin can do so by investing in Bitcoin-related projects or setting up businesses in the country. However, Bitcoin investment does not automatically lead to citizenship.

Conclusion: Living and Investing in El Salvador

El Salvador has made significant strides in recent years to improve its security situation and foster economic growth. The country offers numerous opportunities for foreign investors, digital nomads, and tech professionals looking for an affordable and growing destination to live and work. While the security situation has improved dramatically, it is still important for foreigners to be cautious and follow safety guidelines, especially in certain areas.

The country’s progressive approach to Bitcoin and cryptocurrency has created a favorable environment for foreign nationals looking to invest in emerging markets. With low living costs, business opportunities, and strong security reforms, El Salvador is increasingly becoming an appealing destination for foreigners who are interested in relocating or investing.