In a move that could reshape South America’s investment landscape, Argentina is preparing to roll out a groundbreaking citizenship-by-investment (CBI) program by late 2025 or early 2026. The initiative will allow foreign investors to acquire Argentine citizenship by injecting a minimum of $500,000 into specific sectors of the country’s economy—namely technology, agribusiness, energy, and tourism.

The program, currently in the final stages of regulatory design, does not require residency and specifically excludes real estate and donations as qualifying investments. Instead, it aims to attract active investors whose capital will generate local employment and stimulate long-term economic growth.

“The focus is on job-generating contributions—not passive investments,” said Isabela Schrotke, research team lead at Nomad Capitalist. “Two executive decrees are being drafted to create a robust legal and administrative framework that avoids future court challenges.”

Repositioning Argentina as a Global Investment Hub

The announcement comes as part of a broader economic transformation under President Javier Milei, who took office in December 2023. Since then, the Milei administration has lifted currency and capital controls, cut inflation, and posted the country’s first budget surplus in years.

“Argentina’s past is turbulent, but current reforms are aimed at stability,” Schrotke noted. “Investor sentiment is improving, and this new program is part of a broader repositioning.”

The country is banking on this new policy to attract high-net-worth individuals and entrepreneurs seeking access to Latin America’s growing markets. In return, successful applicants will gain visa-free access to 172 destinations, as well as the right to live and work across all Mercosur countries including Brazil, Paraguay, and Uruguay.

A Rich Lifestyle Offering

Argentina is known for its vibrant café culture, walkable cities, and European-style architecture—particularly in Buenos Aires, which consistently ranks among Latin America’s top cities for expats. Other regions such as Mendoza and Bariloche offer scenic alternatives for those seeking lifestyle investments in wine country or the Andes mountains.

“The lifestyle is culturally rich, affordable, and has a strong European feel,” Schrotke said.

Mixed Reactions from the Global Mobility Industry

While the program has drawn interest from international investors, it has also sparked debate. Critics question Argentina’s political stability and safety record, citing recent violent incidents and a history of economic volatility.

“I don’t think Argentina is a safe choice in its current political climate,” said Jen Barnett, founder of Expatsi, an organization that helps Americans relocate abroad. “We recommend Uruguay instead, a stable democracy with stronger civil rights protections.”

Others point to the shift in immigration philosophy, noting that the new policy favors wealthier individuals.

“This marks a sharp pivot,” said Ted Baumann, global diversification specialist at International Living. “Previously, Argentina welcomed immigrants across the economic spectrum. Now, it’s favoring those with capital and skills.”

Baumann also expressed concern over Argentina’s geographical remoteness and travel logistics, adding that the country will have to compete with more accessible CBI programs worldwide.

Legal and Tax Considerations

While dual citizenship is permitted in Argentina, naturalized citizens are legally regarded as fully Argentine within the country and cannot renounce their citizenship. Experts caution that this could have unintended legal or tax consequences, depending on the laws of an individual’s country of origin.

Who Should Consider the Program?

The citizenship-by-investment program is designed for entrepreneurs and active investors who wish to engage meaningfully with Argentina’s economy. It is not intended for passive investors or digital nomads simply seeking second passports.

FAQs: Argentina’s Citizenship-By-Investment Program

• Launch date: Expected late 2025 or early 2026

• Minimum investment: $500,000

• Eligible sectors: Technology, agribusiness, energy, tourism

• Real estate allowed?: No

• Residency requirement: None

• Dual citizenship: Allowed, but permanent and irrevocable

• Risks: Political/economic volatility, legal complexity

• Ideal candidates: Active investors, entrepreneurs

As Argentina moves toward economic stabilization and international reintegration, the CBI program could prove to be a transformative opportunity—for both the country and the global citizens who choose to invest in its future.