Announced Friday by Argentina’s Minister of Economy, Luis Caputo, and set to launch before the end of 2026, the country’s citizenship-by-investment program is the first in South America, the first for a G20 country, and the first to recognize same-sex married couples.
There are two ways to buy into the program: make a one-time, non-refundable donation or invest in a seven-year, no interest bond.
High-net-worth Americans are increasingly seeking a “plan B” as “an insurance policy” against instability in a volatile world, two investment migration advisers who counseled the Argentinian government, told Forbes.
Since 2020, immigration attorneys and ancestry services have also seen surging interest among Americans seeking dual citizenship through descent, but the Trump administration’s staffing cuts at the National Archives have made it more challenging for people to access the necessary genealogy records, the Boston Globe reported.
“I think every wealthy American will consider this,” Nuri Katz, president of Apex Capital Partners, told Forbes. “It’s so unique that it’ll be seen both as an insurance policy and as a kind of a status symbol, like the Amex Black Card. As in, ‘oh, you don’t have Argentina.’”
Before launching its citizenship-by-investment product, Argentina’s government consulted with a consortium of five global immigration migration advisory firms, including Latitude World, Apex Capital Partners, Passport Legacy, Arton Capital and AIM Global Residency and Citizenship. The resulting program offers two pathways to citizenship. An applicant can make a one-time donation of $350,000 for an individual or $450,000 for a couple, plus $25,000 for each child under 18 and $100,000 for each adult child 18 to 24. Alternatively, an applicant can purchase a seven-year, no-interest treasury bond for $800,000 for an individual or $900,000 for a couple, plus $25,000 for each child under 18 and $100,000 for each adult child 18 to 24. Katz expects the first option to be more popular. “Any decent investor should be able to double their money in seven years,” he said. “For a family of four, paying $950,000 for a seven-year bond with zero interest means losing $950,000 in the future,” he said. “That’s worse than giving up $500,000 now.”
Surveys show geopolitical tensions have most Americans on edge. “The world is in a lot of flux right now,” Katz said. “Not only in North America, but in Europe, Africa, the Middle East, all over the world.” Eric Major, CEO and chairman of Latitude World, told Forbes Americans now make up roughly three-quarters of his business, and that many clients are worried about doomsday scenarios. “They’re thinking, ‘if we have tanks rolling down streets in Washington or World War III or what have you, I may need to pick up my bags and move until the dust settles.’ What we offer is a form of insurance, and it’s one of those things where people would rather not pay for insurance unless they feel they really need it.”
“In the same way we want to diversify our assets and our holdings in our portfolio, with exposure to the Japanese, Chinese, European and American markets, Americans are starting to realize there is value in having a European passport, a South American passport, an Australian passport—wherever they can get one,” Major told Forbes. Katz sees the same shift in thinking. “It shocks me that Americans, when they think of diversifying their finances, they think about buying stocks versus bonds versus real estate versus private equity, but it’s all in the United States. And yet the United States is facing a debt crisis of historical proportions that has never been seen before.” For Americans, a second citizenship in Argentina also has the geographic advantage of staying in the same general time zone. “For a North American businessperson, whether that’s a banker, an investment manager, or whatever, when you come to Argentina, there’s no jet lag. You don’t miss a beat,” Katz said.
Since 2010, acquiring Argentinian citizenship brings another significant benefit. The Mercosur Residence Agreement gives citizens of nine South American nations—Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru and Uruguay—the right to reside, work, and study freely within the bloc. Citizens can also travel within the bloc without a passport or visa as long as they carry a national ID. “It’s the South American version of the European agreement, where citizens of one country can live or work in any other member country,” Major told Forbes.
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