From Buenos Aires Times · Patrick Gillespie & Jim Wyss, Bloomberg · · 1m 20s
Argentina Offers Golden Passports for US$350,000
Argentina's government launches citizenship-by-investment program for US$350,000.
In brief
Argentina's government launches citizenship-by-investment program for US$350,000. Argentina offers golden passports to foreigners for US$350,000 through a new citizenship-by-investment program. Originally reported by Buenos Aires Times.
Argentina Unveils Golden Passport Program
Argentina's government unveiled a citizenship-by-investment program, or 'golden passport', Friday in Paris, the latest attempt by President Javier Milei to attract foreign investment.
US$350,000 Payment for Citizenship
The principal applicant can make a non-refundable US$350,000 payment to the national Treasury. A spouse requires an additional US$100,000 payment, while children under 18 require US$25,000 per child.
Government Bond Alternative
Applicants can buy a government bond worth US$800,000 that will be created specifically for the citizenship programme, all funds destined to strengthen the fiscal and financial position of the Argentine Republic.
Security and Evaluation Process
Applications will be subject to a rigorous evaluation process designed to preserve national security, the integrity of the financial system and the international prestige of Argentine citizenship.
Political Opposition and Nationalism
The passport programme faces pushback from Milei’s political opponents amid nationalist sentiment, after a bill to ease foreign farmland purchases was gutted and billionaire Peter Thiel bought a house in Buenos Aires.
Market Response and Competition
Argentina’s program could draw more diverse buyers than Caribbean nations, threatening their economies that rely on citizenship sales for revenue.
The one thing
Argentina offers golden passports to foreigners for US$350,000 through a new citizenship-by-investment program.
