From MercoPress · · 1m 20s
Argentina Sells Citizenship for $350,000
Argentina offers citizenship to foreigners for $350,000 to boost foreign currency.
In brief
Argentina offers citizenship to foreigners for $350,000 to boost foreign currency. Argentina launched a citizenship-by-investment program requiring $350,000 to obtain a passport, aiming to raise $2.5 billion for foreign debt payments. Originally reported by MercoPress.
Argentina's Citizenship Program
Argentina's government launched a citizenship-by-investment program allowing foreigners to obtain an Argentine passport for a non-refundable US$350,000 contribution to the Treasury or purchase of US$800,000 in a seven-year government bond.
Program Details
Applications open before year-end with family size adjustments: an extra US$100,000 for a spouse and each unmarried child aged 18 to 25, and US$25,000 for each child under 18.
Financial Goal
The program aims to raise up to US$2.5 billion for Argentina's foreign currency debt payments in 2027, addressing the Treasury's urgent need for foreign funds.
Legal Basis
The program is based on a May 2025 decree that tightened naturalisation requirements to two years of continuous residence and created an investment route with a dedicated agency.
Global Benefits
The Argentine passport is accepted in over 140 countries without visa requirements, including the Schengen area, according to Economy Minister Luis Caputo.
Criticism and Safeguards
The program faces criticism for potential corruption and money laundering risks, but Argentina claims intelligence services will vet applicants' identities and financial records to protect citizenship's international standing.
The headline
Argentina launched a citizenship-by-investment program requiring $350,000 to obtain a passport, aiming to raise $2.5 billion for foreign debt payments.
