Argentina unveils passports-for-investment scheme
Investors can either make a direct, non-refundable contribution of US$350,000 or subscribe to a special US$800,000 government bond for citizenship.
Argentina's President Javier Milei's administration announced a new citizenship-by-investment program, allowing foreigners to obtain Argentine citizenship by investing at least US$350,000 in the country. This follows Argentina's position as Latin America's third-largest economy in terms of foreign direct investment last year, according to the OECD.
Milei's free-market policies have focused on reducing public spending and deregulation to boost Argentina's competitiveness and Treasury reserves. However, doubts remain about the scheme, with some analysts warning it could attract undesired investors. Argentina received US$3.134 billion in foreign direct investment last year.
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