Full Breakdown
Argentina Launches First South American Citizenship-by-Investment Program
By Drooid · · How we work
Core Event: Introduction of a “Golden Passport” Scheme
Argentina will allow foreign investors to obtain nationality for a US $350,000 non-refundable contribution or the purchase of a US $800,000 government bond held for seven years. Applications open in Q4 2026; spouses pay $100,000 and children $25,000–$100,000. The scheme is presented as a way to raise “dollars” for the country’s foreign-currency debt due in 2027.
Background & Context
President Javier Milei has pursued austerity and market reforms since December 2023 to stabilise the economy and rebuild reserves. With roughly US $25 billion of debt payments slated for 2027, the government seeks alternative revenue. Citizenship-by-investment programs exist in about 60 nations, with a dozen offering full citizenship.
Data & Statistics
- Contribution options: US $350,000 (individual) or US $800,000 bond; family of four total $500,000.
- Potential revenue: up to US $2.5 billion (ABC News) or €2.2 billion (Euronews).
- Visa-free access: Argentine passports are accepted in more than 140 countries.
Official Statements & Responses
The ministry linked the scheme to broader reforms aimed at “open up and international integration,” adding that applications will be vetted by intelligence and financial-oversight agencies.
Criticism & Opposition
The Financial Action Task Force warns that such programs can be used for money-laundering. Critics say the scheme could expose Argentina to reputational risk despite pledged due-diligence and compliance with OECD and FATF standards.
What’s Next
- Application window: Opens in Q4 2026; official announcement set for October 2.
- Political timeline: Milei is expected to seek re-election in 2027, making the program a key fiscal tool.
- Regulatory oversight: Alignment with OECD and FATF recommendations will continue as implementation proceeds.
Verbatim Quotes
- “The Argentine passport is highly valued, accepted in more than 140 countries,” — Luis Caputo, economy minister
- “This will be one more channel through which we can sell Argentina to the world,” — Luis Caputo, economy minister
- “I think every wealthy American will consider this,” — Nuri Katz, president of Apex Capital Partners