Argentina offers citizenship to foreigners investing $350,000

Argentina has launched a citizenship by investment programme, offering passports to foreigners who contribute at least $350,000 to the country. The programme, unveiled in Paris, allows applicants to choose from two options to secure citizenship.

The first option involves a non-refundable payment of $350,000 to the national Treasury for the principal applicant. Additional payments are required for a spouse and children under 18. According to the Buenos Aires Times, a spouse requires an extra $100,000, while children under 18 require $25,000 each.

The second option involves buying a government bond worth $800,000 created specifically for the citizenship programme. All funds will go towards strengthening Argentina's fiscal and financial position. Applications will undergo a rigorous evaluation process to preserve national security and prevent money-laundering.

Brief written by urgent.news from Punch Nigeria, Buenos Aires Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.