# Argentina Offers Golden Passport for €311,000

> Argentina pitches golden passport scheme to attract wealthy foreigners for €311,000 contribution.
- Title: Argentina Offers Golden Passport for €311,000 · euronews
- Summary: Argentina pitches golden passport scheme to attract wealthy foreigners for €311,000 contribution. Argentina will issue passports to wealthy foreigners for…
- Keywords: argentina, golden passport, euro, debt, investment, military coups, inflation, elton musk, peter thiel, seahawks, news, world
- Source: euronews — https://euronews.com/2026/10/02/debt-saddled-argentina-pitches-golden-passport-scheme-to-woo-wealthy-foreigners
- Author: Gael Camba
- Published: 2026-10-02T17:35:42+00:00
- Read time: 1 min
- Topics: argentina, golden passport, euro, debt, investment, military coups, inflation, elton musk, peter thiel, seahawks, news, world
## Argentina's debt crisis
President Javier Milei announced a plan to give passports to wealthy foreigners for cash or investments to curb Argentina's debt.
## Golden passport scheme details
Applicants can contribute €311,000 to the Treasury or invest €711,000 in a seven-year government bond.
## Family contribution rates
Contributions increase with family size, with a family of four expected to pay €444,000.
## Debt payment urgency
Argentina’s Treasury faces nearly €22 billion in foreign-currency debt payments due in 2027.
## Potential revenue
A consortium estimated the program could raise up to €2.2 billion if it receives the expected number of applicants.
## Global status symbol
Nuri Katz called the passport a 'status symbol' like the Amex Black Card, enabling easier international travel.

> It’s so unique that it’ll be seen both as an insurance policy and as a kind of a status symbol, like the Amex Black Card.
## Strategic advantage
The Southern Cone of South America is seen as a stable, self-sufficient region with minimal global conflict risks.
## Milei's vision
Milei aims to recast Argentina as a destination for foreign wealth by slashing public spending and courting oil and mineral investments.
## Key takeaway

Argentina will issue passports to wealthy foreigners for €311,000 cash or seven-year investment in government bonds to address debt.