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May 4, 2026
6
min read
In a bold and unprecedented move, Argentina is on the road to launching its first Citizenship by Investment (CBI) program, joining a small but growing list of nations offering citizenship in exchange for financial investment. The legal foundation for Argentina’s citizenship by investment framework was established in mid-2025 and further developed through subsequent regulations.
The program, expected to open in the second half of 2026, would allow foreign nationals to secure Argentine citizenship by investing into qualified sectors of the national economy. It will be the first citizenship by investment program in South America.
The initiative comes at a critical moment in Argentina’s economic transformation under President Javier Milei, who has promised sweeping reforms to attract foreign capital, reduce inflation, and stabilize the country’s long-volatile economy. It is noteworthy that Milei's administration achieved Argentina's first annual budget surplus in 14 years. In April 2025, Argentina secured a $20 billion loan agreement with the International Monetary Fund (IMF) to support its economic reforms. The government also lifted most currency controls, allowing individuals and businesses to purchase U.S. dollars without restrictions, thereby improving investor confidence.
On May 14, 2025, President Javier Milei enacted an emergency decree that significantly restructured Argentina's immigration policies. The measures were subsequently formalized through Decree No. 366/2025, published on May 29, 2025, which amended key legislation, including Citizenship Law No. 346 and Immigration Law No. 25,871. The decree established the legal foundation for stricter immigration controls and introduced the basis for a citizenship by investment pathway, allowing foreign nationals to qualify for citizenship through investment without meeting the standard two-year continuous residence requirement.
On July 31, 2025, Decree No. 524/2025 introduced the procedural framework allowing foreign nationals to apply for Argentine citizenship by making a “relevant investment” in Argentina. Such investment may include participation in a n existing company or a newly established company, potentially contributing to job creation or economic development. Applications are submitted through the newly created agency and undergo multi-level due diligence checks (including security, financial intelligence, and identity verification), before a final decision is issued by the National Directorate of Migration within 30 business days.
On August 18, 2025, Decree No. 585/2025 formally placed the Agency for Citizenship by Investment Program (Agencia de Programas de Ciudadanía por Inversión - APCI) under the Ministry of Economy, confirming the institutional structure of the program.
To support implementation, the Ministry of Economy launched an international public tender (34-0001-CPU25) on December 5, 2025 (with submissions due by January 20, 2026) to engage consultants for the design and operational rollout of the program.
As of April 2026, the framework remains legally in force but not functional, as the Ministry of Economy has not yet issued the required secondary regulations defining what constitutes a “relevant investment,” including minimum investment thresholds, eligible sectors, and full approval criteria.
In April 2026, the government cancelled the CBI “master agent” tender following legal challenges from participating firms. Importantly, this did not cancel the program itself: Decree No. 366/2025 and Decree No. 524/2025 remain in force.
Shortly after discontinuing the tender, the government moved to maintain momentum by appointing a director to lead the CBI agency, signaling continued commitment to launching the program despite earlier setbacks. This marks a clear shift toward a more state-controlled and locally managed implementation model, with Argentina-based licensed agents and advisors expected to play a central role instead of a single international master agent.
As a result, applicants will need to engage local legal representatives and authorized intermediaries once the program becomes operational. The process is expected to remain discretionary, with applications assessed on a case-by-case basis by the relevant Argentine authorities, and approval not guaranteed. Applicants should also anticipate at least two visits to Argentina to complete key formalities, including identity verification and final registration steps.
Argentina is preparing to launch its first-ever Citizenship by Investment (CBI) program later in 2026, signaling a major shift in its immigration and economic policy.
Under the proposed framework, applicants are expected to make a qualifying investment in Argentina and maintain it in line with the program requirements. To support this process, Golden Harbors assist with structuring qualifying investments, company setup, registration, compliance, accounting, and ongoing maintenance to ensure full alignment with the applicable requirements.
Several strategic factors explain why the government is launching this program now:
Under President Javier Milei, Argentina is aggressively restructuring its economy to address the major issues. Austerity measures have sharply cut public spending, leading to rising social tensions and growing poverty. As traditional revenue sources shrink, Argentina urgently needs alternative capital inflows. The CBI program presents a mechanism to attract foreign investment directly into national development projects, infrastructure, and job creation, with estimates suggesting it could generate up to $2.5 billion in much-needed revenue.
Argentina is aligning itself with a growing global trend where countries use investment migration to attract high-net-worth individuals (HNWIs). Similar to programs like the U.S. EB-5 (starting from $800,000) or the newly proposed U.S. “Gold Card” visa (offering U.S. residency for a $5 million investment), Argentina’s CBI program may offer a significantly lower entry threshold approximately $200,000 - $500,00, and grants full citizenship rather than just permanent residency. This positions Argentina as a highly cost-effective alternative, particularly for investors priced out of U.S. or EU options.
The official Argentina CBI agency - operating under the Ministry of Economy - will coordinate project evaluations, manage certifications, and promote the program globally. Argentina is especially attractive for those seeking not only financial diversification but also geopolitical neutrality, fewer tax burdens, and greater flexibility compared to jurisdictions with heavy tax compliance like the U.S.
Over the past two decades, Argentina’s traditionally open-door immigration policy led to an influx of approximately 1.7 million undocumented migrants, placing growing pressure on public services such as healthcare and education. In response, the government has recently introduced stricter immigration measures:
While these changes make general immigration more restrictive, they simultaneously create an incentive for financially capable investors by offering a fast-track citizenship option under the CBI program. Essentially, while the door is narrowing for low-income and undocumented immigrants, it is being opened wide for capital-rich individuals.
With this program, Argentina becomes the first South American nation to officially launch a full-scale Citizenship by Investment scheme. This positions it as a regional pioneer, particularly attractive for investors seeking access to the MERCOSUR trade bloc, which grants favorable mobility rights across member states. As global demand for second passports rises, Argentina could emerge as the key player offering both investment opportunities and strong global mobility benefits.
Argentine citizenship provides visa-free or visa-on-arrival access to over 170 countries, including the Schengen Area, China, Japan, and Malaysia. Combined with Argentina’s rich cultural heritage, strategic location, and favorable tax environment for new residents, the program appeals to a growing number of global investors looking for lifestyle, mobility, and long-term security.
As of 2026, Argentina offers several pathways for foreign nationals to acquire citizenship. The available options include naturalization, marriage, descent, birth, and merit-based citizenship. Each option has distinct eligibility rules and procedural steps.
Until the new CBI program becomes fully operational, Argentina continues to offer its Investor Visa (Inversionista), a much more affordable pathway requiring a minimum investment of ARS 1.5 million (around USD1,500) in a local business. This visa provides temporary residency for one year, renewable for up to three years, and allows applicants to pursue citizenship after two years of continuous residence. Please check out our comparison table below.
Foreign nationals may become Argentine citizens through naturalization, following the conditions set forth under Article 2 of Law 346. The main requirements include:
Marriage to an Argentine citizen grants a simplified pathway to citizenship. Applicants residing in Argentina may apply for nationality without completing the usual two-year residency period. This option applies equally to opposite-sex and same-sex marriages, as Argentina has recognized marriage equality since 2010.
This fast-track procedure reflects Argentina’s commitment to equal rights, allowing spouses to obtain citizenship in a shorter timeframe.
Citizenship by descent is available for individuals with Argentine ancestry. Eligibility depends on the citizenship status of the applicant's parents or grandparents:
Under Article 1 of Law 346, anyone born within Argentine territory automatically receives citizenship at birth, with the exception of children born to foreign diplomats or individuals in official service to a foreign government.
Under Decree 366/2025, foreign parents of Argentine-born children no longer automatically receive permanent residency and must instead meet residency requirements, demonstrate financial stability, and maintain a clean criminal record.
Argentina’s legal framework also allows for citizenship to be granted on exceptional grounds of merit through the procedure known as “amparo”. Unlike standard naturalization routes, the merit-based pathway does not require applicants to meet the usual residence period or other standard conditions that applied before the new immigration policy introduced under President Milei. This route may be pursued through a court application procedure.
This pathway applies to individuals who have made outstanding contributions to Argentina’s national interest in areas such as:
Applicants must still personally appear before a federal judge and formally express their intent to obtain citizenship. The evaluation is conducted on a case-by-case basis by the Federal Court, which considers the significance of the applicant’s contributions and overall benefit to the country. Supporting documentation, expert endorsements, and professional legal representation are typically required to demonstrate the applicant's merit. This exceptional route is highly selective and used sparingly, generally reserved for those whose achievements have positively impacted Argentina at a national or international level.
The primary pathway to Argentine citizenship remains the standard route: obtaining legal residency, maintaining two years of continuous residence, and then applying through the courts. In practice, this results in a total timeline of approximately 2.5 to 3.5 years, including 6–12 months for the judicial naturalization process. Citizenship by marriage to an Argentine citizen generally follows a similar timeline but may be treated more favorably by courts. Citizenship by descent is the fastest formal route, typically completed in 12 to 14 months, depending on document preparation and registry processing. Other pathways are more situational.
The proposed Citizenship by Investment route could theoretically reduce the overall process to 9–16 months, offering direct naturalization without a residency requirement. This estimated timeline may cover case preparation, completion of the qualifying investment, government approvals, background checks, and final registration with the Registro Nacional de las Personas. However, since the program is new and not yet fully operational, there is currently no historical processing data, so this timeline should be treated as an indicative estimate rather than a guaranteed timeframe.
Argentina’s Citizenship by Investment framework marks a significant new development in the country’s immigration and economic strategy. The regulatory decrees introduced a pathway for foreigners who make a “relevant investment” in Argentina and established the implementation framework for application review, investment verification, due diligence, AML checks, and background screening. Applications may be rejected if the applicant is linked to money laundering, drug-related activity, or has a serious criminal background.
The investment must contribute to Argentina’s economic development, with job creation being one of the key approval criteria. The focus is expected to be on productive investments rather than purely passive options, such as:
The program offers no Spanish language or civics exam, allows dual citizenship, and provides access to South American banking.
While some core elements of the CBI framework have already been outlined, several crucial details remain under development. Both investors and industry professionals are waiting for the official publication of:
What is known so far is that Argentina’s program is designed to channel foreign investment into sectors seen as critical for long-term economic recovery. Instead of favoring passive investments like simple real estate purchase, officials have prioritized government bonds or sectors that will directly stimulate job creation. These include:
The minimum investment threshold is expected to be set at USD 500,000, placing Argentina’s program on par with similar schemes worldwide, but still considerably more affordable than European CBI models (e.g. Austria - EUR 3,000,000 and Malta - EUR 690,000).
In many ways, Argentina’s Citizenship by Investment program represents one of the most intriguing new options in the global migration market.
Argentina’s upcoming Citizenship by Investment (CBI) program opens the door not only to residency and a second passport, but also to an array of personal, economic, and lifestyle advantages that set it apart from many other CBI destinations.
The Argentine passport ranks among the strongest in Latin America, offering its holders access to a broad network of destinations worldwide with minimal visa requirements. As of 2026, it provides visa-free or visa-on-arrival access to over 170 destinations, granting citizens significant travel flexibility for both personal and professional purposes. This level of mobility makes Argentina an attractive option for investors seeking greater international reach.
Argentina is the 8th largest country in the world by land area and the second-largest country in Latin America, offering investors access to a large domestic market, abundant natural resources, and strong regional influence. In 2026, the IMF projects Argentina’s GDP at approximately USD 688.38 billion, with real GDP growth of 3.5%, while the World Bank expects growth of around 3.6%. As the third-largest economy in Latin America and a major player in agriculture, energy, mining, and lithium production, Argentina offers investors not only citizenship and lifestyle benefits, but also exposure to one of the region’s most strategically important economies
Argentina offers a high quality of life at a fraction of the cost of many Western countries. For example, living costs in Buenos Aires are approximately 60–70% lower than in New York City, according to Numbeo. This affordability extends across housing, transportation, dining, education, and healthcare, allowing investors and their families to enjoy a comfortable, cosmopolitan lifestyle without the financial pressures common in major global cities.
Argentine citizens enjoy free or heavily subsidized public healthcare. Over 33 million residents benefit from the public healthcare system, which offers comprehensive coverage across the country. The system provides access to a wide range of medical services, from preventive care and emergency treatment to complex surgeries and specialized care, without the need for private insurance.
Argentina ranks 1st in Latin America and 26th globally on the 2025 EF English Proficiency Index, making it the most English-friendly country in the region for foreign investors and their families. This high level of English proficiency is particularly notable in business, education, and urban centers, where international companies, service providers, and younger generations often communicate fluently in English.
As a full member of Mercosur, Argentine citizens can live, work, and establish businesses freely in four neighboring countries (Brazil, Paraguay, Uruguay, and Bolivia) without requiring additional visas or permits. This regional integration grants Argentine nationals unique mobility and economic privileges, creating access to a combined market of over 270 million people.
The investment visa program allows applicants to include their immediate family members in the same application. This typically covers the applicant’s spouse and dependent children. This enables the entire family to relocate together and benefit from residency, education, and healthcare access in Argentina.
Future investors who obtain Argentine citizenship through the investment route should not automatically become Argentine tax residents solely because they receive an Argentine passport. This clarification was introduced by Law No. 27,802 (Ley de Modernización Laboral), published in the Official Gazette on March 6, 2026. Article 194 of this law amended Article 116 of the Income Tax Law, stating that foreign individuals who obtain Argentine citizenship by naturalization through “relevant investments” under Article 2 of Citizenship Law No. 346 will not be considered Argentine tax residents merely as a result of that naturalization.
Under Argentina’s proposed Citizenship by Investment framework (DNU 524/2025, Article 1), foreign nationals who make a relevant investment contributing directly to the country’s economic development may be eligible to apply for citizenship through an accelerated route.
Unlike many conventional citizenship pathways, qualifying investors may be eligible regardless of the length of their prior residence in Argentina, effectively removing or reducing the traditional physical presence requirement. The program is designed to attract foreign capital while ensuring that investments support Argentina’s national development priorities.
The investment should demonstrate a tangible and lasting contribution to Argentina’s economy, whether through the creation of new employment opportunities, business expansion, innovation, export potential, or the development of strategic industries.
Unlike many Caribbean or European CBI programs, Argentina’s proposed framework is expected to exclude real estate purchases as a standalone qualifying investment. Instead, the focus is on productive investments that may generate jobs and broader economic benefits.
Beyond the financial commitment, applicants are generally expected to meet the following requirements, among others:
While optimism surrounds the program’s potential, key aspects, including the precise legal framework, exhaustive checklist of the documents, program management, and processing timelines, are still pending finalization. Golden Harbors team advises potential applicants to closely monitor official government releases and seek professional legal counsel before making any financial commitments.
Argentina’s emerging Citizenship by Investment (CBI) program has the potential to reshape the global investment migration landscape - but how does it compare to programs that investors can access today?
The table below benchmarks Argentina against established CBI jurisdictions, highlighting differences in cost, accessibility, and benefits, and providing a clearer picture of where Argentina could stand once the program becomes fully operational.
Traditional CBI programs currently lead in speed and accessibility, but Argentina may emerge as a long-term strategic option for investors seeking not only a second passport, but also economic presence, lifestyle benefits, and regional opportunities.
According to the opinions of leading investment migration firms, Argentina’s upcoming CBI program could attract as many as 2,000 applications annually. Based on these figures, Argentina would immediately position itself among the top tier of global CBI programs, ahead of countries like Turkey and the Caribbean nations, as well as programs in Vanuatu, Egypt, and Cambodia. This positioning is particularly significant given the absence of substantial regional competition within Latin America.
If fully implemented, Argentina’s CBI program could emerge as one of the most competitive and geopolitically attractive options in the global investment migration market.
Argentina is not yet a fully operational Citizenship by Investment (CBI) country, although a legal framework has been introduced through recent reforms. The government has created the basis for investors to obtain citizenship through a “relevant investment,” but key details, including minimum investment amounts and full eligibility criteria, have not yet been finalized. As a result, the program exists in law but is not currently accessible in practice.
Under the current system, citizenship typically takes around 2.5 to 3.5 years, including two years of continuous residence followed by a court-based naturalization process that may take an additional 6–12 months. If the future CBI program becomes operational, timelines could potentially be reduced to 9–16 months in total, but this remains a forward-looking estimate rather than a current reality.
Yes, under existing rules, most applicants must complete two years of continuous legal residence in Argentina before applying for citizenship. However, the proposed investment-based pathway removes this requirement, allowing investors to qualify without physically residing in the country - though this has not yet been implemented.
Yes, the Argentine passport is considered relatively strong, offering visa-free or visa-on-arrival access to over 170 countries, including much of Europe, parts of Asia, and Latin America. It is one of the more powerful passports in the world and provides solid global mobility for both personal and business travel.
While Argentina’s formal CBI program is still awaiting full implementation, citizenship by merit is already available as an existing pathway. This route may allow investors to be considered for citizenship if they make a relevant investment that brings meaningful value to Argentina’s economy. However, approval remains discretionary and is not based on a fixed investment amount, timeline, or guaranteed fast-track process.
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Victoria
Lead Attorney at Golden Harbors

Victoria
Lead Attorney at Golden Harbors