Argentina will have its own citizenship by investment program. It will be the only program of its kind in the South American region. A special agency will be created for these purposes, which will manage all processes.
So far, only the figures are known – investors will need to invest at least 500,000 US dollars in projects that contribute to the economic development of Argentina and the creation of jobs. The advantages of the program for investors are 169 countries for visa-free entry, including visa-free entry to the countries of the European Union.
Meanwhile, it will become more difficult to obtain Argentine citizenship without permanent residence or capital investment in the economy. Those wishing to obtain a “Carta de ciudadania” – the official document granting Argentine citizenship to foreigners – must now legally reside in the country for at least two years without interruption (i.e. not leave the country during this time) or make a significant financial investment in the country. This contribution must be registered with the Financial Information Unit (UIF), the Ministry of Security and the National Directorate for Migration. As for obtaining permanent residence, there are also complications. Now only children of Argentine citizens will automatically receive residency. Spouses and parents will need to meet additional requirements.
