Milei launches citizenship-by-investment scheme
Business conditions in Argentina are deteriorating as aggressive tax actions by ARCA heighten bankruptcy risks, and public sector job cuts continue under Milei.
The government of President Javier Milei has announced a new citizenship-by-investment program, aiming to attract foreign investors. According to the Buenos Aires Times, the scheme will allow a family of four to obtain Argentine passports for approximately US$5,000. Applications are set to open in the fourth quarter. The initiative is part of the administration's strategy to boost foreign investment and stimulate economic growth.
Impact Foreign investors gain a new pathway to Argentine citizenship, potentially increasing capital inflows.