Argentina plans fast-track citizenship for foreign investors
Argentina is preparing to launch a new citizenship-by-investment programme that will allow foreigners to obtain a passport in return for investing in key sectors of its economy.
The scheme is expected to begin by late 2025 or early 2026 and will require a minimum investment of $500,000 in industries such as technology, agribusiness, energy or tourism.
The move will offer a faster path to citizenship compared to Argentina’s current rules, which require two years of permanent residency before applying.
Instead, the investment programme will give eligible applicants direct access to Argentine citizenship, according to Nomad Capitalist, a firm that advises international investors.
“The focus is on job-generating contributions, not real estate or donations,” Isabela Schrotke, a researcher at the firm said.
According to her, government is working on two legal decrees to ensure the programme is built on a solid foundation and can withstand legal challenges.
Supporters of the new programme say it comes at a time of major change in Argentina.
President Javier Milei, who took office in December 2023, has introduced tough reforms aimed at stabilising the country’s economy.
Inflation has started to slow, and Argentina has reported a budget surplus for the first time in years.
The citizenship opportunity will allow foreigners who have an Argentine passport to travel visa-free to 172 destinations and give them the right to live and work in other Mercosur nations, including Brazil, Uruguay and Paraguay.
However, the proposal has drawn some criticism.
Experts warn that Argentina’s political history and long distance from global business hubs may make it less attractive to some investors.
Some legal issues have also been raised, including the fact that citizens will be considered under local law, which could have tax or legal consequences depending on the person’s other nationality.
