Argentina Officially Launches Citizenship by Investment (CBI) Program

It seems that more and more Americans are dreaming about taking the leap and moving abroad! Whether it’s to get away from a tough political climate, find a better work-life balance, or simply chase the excitement of a new adventure, the interest in second passports and long-term visas is definitely on the rise.

While some countries require years of residency for citizenship, a few are even offering passports in exchange for investment. And now, Argentina—one of the most affordable places to live—is joining in on the fun!

Argentina has launched a groundbreaking policy that firmly links citizenship to investment, paving the way for a new pathway to a second passport in one of Latin America’s most dynamic economies. This initiative, part of President Milei’s bold open-market vision, underscores Argentina’s strategic shift toward global capital and positions the country as a formidable contender in the citizenship-by-investment arena.

While the decree does not specify the exact amount required for a significant investment—leaving room for interpretation — the criteria will be established by the Economy Ministry. Until now, Argentina has not offered a citizenship-by-investment program. Its laws have only permitted applicants to obtain Argentine citizenship through birthright, descent, or naturalization.

Following the issuance of a government decree, foreign nationals who make substantial investments in Argentina will now have the opportunity to apply for Argentine citizenship. This initiative is part of President Javier Milei’s migration reform introduced in May.

The investment pathway to citizenship became effective upon the decree’s publication in the Official Gazette. It specifies that the program is applicable to individuals who have made a “significant investment.” The Economy Ministry will play a key role in determining which investments qualify for this designation and will also have the authority to develop “specific investment projects” to attract foreign investments.

In May, President Milei amended the 1869 Citizenship Law to include provisions for foreigners making significant investments to apply for citizenship. Traditionally, applicants need to have resided in Argentina legally for a minimum of two years. However, under the new framework, individuals applying through this investment route will not be bound by this residency requirement, provided they can demonstrate their investment has been acknowledged as significant by the Economy Ministry.

Application Process for Argentine Citizenship through Investment

Decree 524/2025 outlines the procedure for investors seeking Argentine citizenship via this new pathway. Applications must be submitted to the newly established Investment Citizenship Programs Agency, which operates under the Economy Ministry’s jurisdiction.

The agency will assess whether the applicant’s investment aligns with the criteria for being classified as significant. They will also seek technical assessments from various state offices, and possibly private entities, to evaluate whether granting citizenship could potentially present any risks to national security or national interests.

Relevant state bodies that may be consulted regarding the applicant’s background include the Security Ministry, the Financial Information Unit (UIF), the National Recidivism Registry, the National People’s Registry (RENAPER), and the State Intelligence Secretary (SIDE).

Following the review of these reports, the agency will advise the National Migration Directorate on whether to support the applicant’s citizenship request. The Directorate will then have 30 working days to arrive at a decision regarding the application.

Upon successful approval of the citizenship application, the individual will also receive a Unique Tax Identification Number (CUIT), essential for engaging in economic activities within the country.

Pros of Argentine Citizenship

Holders of Argentine passports can travel to 162 destinations without a visa, with a visa on arrival, or by obtaining an electronic travel authorization. These destinations include countries in the Schengen Area, Mercosur countries, and most of South America.

Argentina itself is a vast and diverse country, known for its cosmopolitan cities, majestic mountains, beautiful beaches, excellent cuisine, fine wine, and rich cultural heritage, all at an affordable cost of living.

Argentine nationals also have access to the public healthcare system, which is a right that is being denied to temporary residents, tourists, and individuals with irregular status.