Argentina launches South America’s first “Citizenship by Investment” program

Argentine Economy Minister Luis Caputo announced today (2nd) that Argentina will launch South America's first "Citizenship-by-Investment" program. Foreigners can become Argentine citizens by donating US$350,000 (approximately NT$11.14 million).

"Reuters" reported that Argentina's Ministry of Economy said in a statement that applications for investment citizenship are expected to be open in the fourth quarter of this year. Applicants can donate US$350,000 to the Argentine treasury to obtain citizenship, but the money is not refundable, or purchase public bonds worth US$800,000 to become naturalized.

The Ministry of Economy pointed out that the promotion of this investment citizenship program is in line with other government policies to strengthen Argentina’s investment environment. Argentine President Javier Milei hopes to attract foreign investment and increase U.S. dollar foreign exchange reserves through deep austerity measures and a large incentive system called RIGI.

The Ministry of Economy explains that the applicant’s spouse and the applicant’s single and childless children between 18 and 25 years old can apply for naturalization by donating US$100,000 to the Argentine treasury; the application threshold for children under 18 years old is lowered to US$25,000.