Argentina Plans to Introduce a New Citizenship by Investment Program

Argentina Plans to Introduce a New Citizenship by Investment Program

Argentina is preparing to roll out a groundbreaking policy that would link citizenship to investment for the first time, offering a new route to a second passport in one of Latin America’s most dynamic economies.

Breaking News from Argentina

Sources within the Argentine government have indicated that a dedicated agency will be created to manage the program for those willing to make a minimum investment of US$500,000 in qualifying projects.

A $500,000 Investment Route

Taking a lead from the United State’s EB-5 program and drawing inspiration from models such as SelectUSA, the program will target high-impact sectors such as technology, tourism, renewable energy, and agribusiness.

Inspired by the EB-5 Program

Unlike passive capital placement seen in some other programs, Argentina’s approach will see sweeping changes favouring productive job creation initiatives and longer-term merit-based initiatives that align with national development goals.

Long-Term Economic Vision

Mobility: Argentine passport holders can access 162 destinations. Liveability: A diverse, cosmopolitan country with great food, wine, culture, and affordable living. Healthcare: Citizens get public healthcare access, unlike tourists or temporary residents.

Pros of Argentine Citizenship

High Taxes: Tax residents face up to 35% income tax, including on foreign income. Bureaucracy: Argentina’s complex bureaucracy can be challenging. Economic Instability: Argentina has experienced wide-scale economic instability, hyperinflation and currency fluctuations.

Cons of Argentine Citizenship

Europe’s top CBI programs, such as those in Malta and Cyprus, were shut down some time ago. With Malta’s replacement scheme (MEIN) now officially declared illegal by the European Union, Argentina looks set to become a viable alternative for many investors.

The Perfect Plan-B Citizenship?

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