Argentina · 2026 guide

Argentina citizenship by investment, before it opens

The most anticipated program in the world, announced in Paris on 2 October 2026 and opening to applications in the fourth quarter: the strongest passport available through investment, no residency needed, and a second passport in months. This guide covers what it costs and what can go wrong, starting with the parts most firms leave until the end.

Announced 2 October 2026 · applications open in the fourth quarter Last reviewed 2 October 2026

What would it really cost me?
Members of AMIGO with Economy Minister Luis Caputo and Chief of the Cabinet of Ministers Diego Santilli at the Embassy of Argentina in France, Paris, 2 October 2026Paris · 2 October 2026

Members of AMIGO, the group AIM Global co-founded, with Economy Minister Luis Caputo and Chief of Cabinet Diego Santilli at the Embassy of Argentina in France

USD 350k

Non-refundable contribution to the National Treasury, or a USD 800k government bond*

169

Destinations an Argentine passport reaches without a prior visa, 16th in the world

~4 months

From filing to passport once the program opens, though it could stretch to six to eight months

0

Applications processed so far. Every timeline you hear, ours included, is an estimate

Before you read on

On 2 October 2026 the Ministry of Economy announced the Program: the amounts, which family members can apply, who evaluates and when applications open. The resolutions with the detail, the bond's terms, the fees and how to apply, are still to be published. Treat the announced figures as official, and everything else as reported or estimated.

Each figure says where it comes from: a published rule, the Ministry's announcement, or Our sources, which is what AIM Global knows from its own work on the program, since the 2026 tender and now as a founding member of AMIGO, the group of five firms advising the government. Our sources are informed, not official. We label them so you can weigh them, and we update them when the resolutions appear.

1 · At a glance · Cost

What it will really cost you

The first question everyone asks, and the one this industry most often answers with "it depends". Here is the whole bill, including the lines nobody can price yet.

Route A · Treasury contribution

USD 350,000

A direct, non-refundable contribution to the National Treasury, for the principal applicant. It is a requirement to apply, not an investment, and it is never returned. Announced by the Ministry of Economy on 2 October 2026; the resolution that implements it is still to be published. Your spouse and children contribute separately, through this same route: the amounts are in the table below.

Route B · Government bond

USD 800,000

The purchase of a government bond created specifically for the Program, announced by the Ministry of Economy on 2 October 2026. The principal comes back at maturity. Maturity and interest terms will be set out in the regulations, and until they are, nobody can price this route. The bond is for the principal applicant only: family members contribute through the Treasury route.

The whole bill

ItemUSDNotesSource
Route A: non-refundable contribution to the National Treasury350,000Principal applicant. Never returned. In dollars, through the formal financial systemMinistry of Economy, 2 October 2026
Route B: government bond800,000The alternative to the contribution, not an extra, and for the principal applicant only. Returned at maturity; interest and maturity to be publishedMinistry of Economy, 2 October 2026
Spouse100,000Contribution to the National Treasury, in a separate application. Family members cannot use the bond routeMinistry of Economy, 2 October 2026
Each child aged 18 to 25100,000Unmarried and with no children of their own when applying. Contribution to the National Treasury, in a separate applicationMinistry of Economy, 2 October 2026
Each child under 1825,000Contribution to the National Treasury, in a separate application. A family of four, with two children under 18, adds up to USD 500,000Ministry of Economy, 2 October 2026
Government and due-diligence fees≈ 20,000-30,000Our working estimate for a family of four: principal applicant, spouse and two children under 18. Nothing official publishedAIM Global · our estimate
Professional fee50,000-75,000Depends on family sizeAIM Global
Documents: apostilles, sworn translations, police certificates≈ 3,000-8,000For a family of four: principal applicant, spouse and two children under 18. It grows with every family member who applies. Translations must be done by an Argentine public translatorAIM Global · our estimate
Travel to Argentina≈ 2,000 per personOne visit after approval, to enroll biometrics. Flights and a few nightsAIM Global · our estimate

The contributions and the bond are the Ministry of Economy's figures, announced on 2 October 2026; the fees, our fee, documents and travel are ours. The resolutions that set out fees and procedure had not appeared in the Official Gazette as of 2 October 2026.

What the fee pays for

The contribution, or the bond, goes to the Argentine state. Our professional fee pays for your application being processed: documenting where your money came from, which is where most applications stall, timing your documents so none expires before filing, preparing the application, answering the authorities and coordinating your visit.

Nobody can promise an approval. What we can do is check first whether you qualify, and if you don't, tell you before you pay the government and due-diligence fees.

What nobody should take from you yet

No money toward the contribution or the bond should change hands before the resolutions are published and applications open. No firm can sell you a place within the first 5,000, because no mechanism for reserving one exists. If a firm offers you either one, do not work with that firm.

The bond, honestly

The "free" option is the expensive one to price

What we know, from the Ministry of Economy's announcement of 2 October 2026: a non-refundable contribution of USD 350,000 to the National Treasury, or the purchase of a USD 800,000 government bond created for the Program. What we don't: the bond's maturity and interest, which will be set out in the regulations. Until they are, the bond is the option nobody can price.

What the money could have earned

The real price of Route B is the gap between what the bond pays you and what USD 800,000 would have earned elsewhere over the years it is locked. If the bond pays no interest, every year of maturity widens that gap; if it pays a coupon, the gap narrows. Put your own rate and years into the calculator below.

Who you are lending to

Argentina has defaulted on its sovereign debt nine times by the usual count, most recently in 2020. All three agencies upgraded it during 2026, to B− at S&P and Fitch and B3 at Moody's, which is still six notches below investment grade.

What nobody knows yet

How many years your money is locked up. What interest it pays, if any. Whether the bond can be sold before maturity. The Ministry has said the regulations will set out the terms; until they do, each answer changes the price you are paying.

Calculator

What would it really cost you?

Put in your own numbers. The calculator adds the costs you can see to the one you can't: what your money would have earned elsewhere*.

First, choose your route

The two routes are alternatives, not steps, and only the principal applicant chooses: family members always contribute through the Treasury. Pick one and the figures below change.

1 · At a glance · What it is

What it is, what it asks, and who says so

Official In a published law or index, or announced by the Ministry of Economy on 2 October 2026

Route A

USD 350,000

A non-refundable contribution to the National Treasury, for the principal applicant

Ministry of Economy, 2 October 2026

Route A · Family

USD 500,000

A principal applicant, a spouse and two children under 18. Family members always contribute through the Treasury, even if the principal applicant chooses the bond: USD 100,000 for the spouse, USD 100,000 for each child aged 18 to 25, USD 25,000 for each child under 18. Parents do not qualify

Ministry of Economy, 2 October 2026

Route B

USD 800,000

A government bond created for the Program, for the principal applicant only. Maturity and interest to be set out in the regulations

Ministry of Economy, 2 October 2026

Fourth quarter of 2026

When applications open. The exact date comes with the resolutions

Ministry of Economy, 2 October 2026

Dual citizenship

Allowed, and it passes to your children

Law 346, as amended

169 destinations

Without a prior visa, 16th in the world. An e-passport, valid for ten years

Henley Passport Index 2026

Reported or estimated Our sources and our estimates

USD 20-30k

Government and due-diligence fees, for a family of four

Our estimate

~4 months

From filing to passport, though it could stretch to six to eight months. Nobody has filed yet

Our estimate

One visit

After approval, to enroll biometrics. No ongoing residence requirement

Our sources

5,000 approvals

In the first stage of the program

Our sources: the tender terms

Not known yet Nothing published

The bond's terms

Maturity, interest and whether it can be sold early. The Ministry says the regulations will set them out

Nothing published

Fees and procedure

Government and due-diligence fees, how applications are filed and through whom

Pending resolutions

Nationalities

Not known whether any will be restricted

1 · At a glance · Where it stands

Where the program actually stands

Argentina did not pass a law for this. The route was opened by presidential decree, the Ministry of Economy announced the conditions on 2 October 2026, and the resolutions with the detail are still to be published before applications open in the fourth quarter.

The pieceStatusWhat it is, in plain terms

The decree that opened the route
DNU 366/2025, May 2025

Published

A presidential decree, not an act of Congress. It did three things at once: it let foreigners who make a "relevant investment" apply for citizenship without living in the country, it moved that decision from federal judges to the immigration authority, and it created the agency meant to assess the investments.

The rulebook for the paperwork
Decree 524/2025, July 2025

Published

Sets out the steps an application would follow: who receives it, who assesses the investment, who signs off. On purpose, it sets no amounts: those were announced by the Ministry of Economy on 2 October 2026 and will be set out in its resolutions. The agency got its executive director in April 2026 (Decree 285/2026) and works from offices at the Ministry Our sources.

The tax rule
Law 27,802, article 194, March 2026

In force

One article inside last March's labor reform settles the question investors ask first: taking Argentine citizenship through investment does not, on its own, make you an Argentine taxpayer. Living there is what does.

The search for an operator
Tender 34-0001-CPU25, March-April 2026

Dropped

The government ran a tender to hire a firm to design, launch and promote the program. On 5 March 2026 the evaluation committee ranked first the consortium AIM Global had built (Investment Migration Insider); in April 2026 the tender was canceled without being awarded. The government is now advised by AMIGO, a group of five firms that includes AIM Global, at no cost to the State.

The announcement
Ministry of Economy, Paris, 2 October 2026

Announced

During the Argentina Week in Paris, Economy Minister Luis Caputo announced the Program: a non-refundable contribution of USD 350,000 to the National Treasury or a USD 800,000 government bond, the contributions for spouses and children, due diligence aligned with OECD and FATF recommendations, and applications opening in the fourth quarter of 2026. The Agency for Citizenship by Investment Programs evaluates each application, with SIDE, UIF and the Ministry of Security; the National Directorate of Migration approves or rejects it. Read our press release.

The missing pieces: the resolutions with the detail

Pending

The amounts are announced. What the resolutions still have to set out is the rest: the bond's maturity and interest, the government and due-diligence fees, how applications are filed and through whom, and the exact opening date. None had appeared in the Official Gazette as of 2 October 2026. Until they do, the fees and timelines on this page are estimates.

2 · Tax

The part most people get wrong

Citizenship by investment does not make you an Argentine tax resident. If you do not live there, Argentina taxes only what you earn in Argentina. Two rules explain why. A third, the "tax holiday" people ask about, is worth knowing but does not apply to investor citizens.

1 · Holding the passport

Written into law for investor citizens

Article 194 of Law 27,802, part of the labor reform of March 2026, added paragraphs to article 116 of the income tax law: naturalizing through investment does not, by itself, create tax residence. It is not an exemption you apply for. Nationality simply isn't what triggers tax; where you live is.

2 · If you don't live there

Taxed only on Argentine income

A non-resident pays Argentine tax on Argentine-source income only: rent from a property in Argentina, an Argentine salary, dividends from an Argentine company. Income and assets elsewhere stay outside it, and the personal assets tax reaches only what you hold in Argentina.

3 · The "tax holiday" people ask about

Up to five years as a non-resident, but not for investor citizens

Article 123(c) of the income tax law treats foreigners who come to Argentina for a documented job of up to five years as non-residents, taxed on Argentine income only. It is a rule for foreigners, not citizens, so it does not apply to citizenship by investment.

If you do live there

TaxNon-residentTax resident
Income tax (Ganancias)Argentine-source income onlyWorldwide income on a progressive scale of 5% to 35%, with credit for foreign tax paid
Personal assets tax (Bienes Personales)Argentine assets onlyWorldwide assets held on 31 December, on gross value. Rates fall by law: 0.50%-1.00% for 2025, 0.50%-0.75% for 2026 and a flat 0.25% from 2027 (Law 23,966, as amended)
VAT (IVA)21% standard rate, included in prices
Turnover tax (Ingresos Brutos)Provincial and by activity; it cascades and is often overlooked
Bank debit and credit tax (impuesto al cheque)0.6% on each side of a current-account movement, partly creditable
Inheritance taxNone at federal level. The Province of Buenos Aires levies its own (ARBA)

When you become a tax resident

On obtaining permanent residence, or after twelve continuous months on a temporary one (art. 116). A separate six-month rule affects deductions, not worldwide taxation; the two are often confused.

When you stop being a tax resident

On obtaining permanent residence elsewhere, or after twelve continuous months abroad (art. 117). With large assets and modest cash flow, the assets tax can hurt more than income tax. Model it before moving.

Treaties and reporting

24 double-tax treaties, including the UK, Spain, Germany, France, Switzerland and Canada. None with the United States. Argentina exchanges account information under the OECD standard, and the OECD has asked banks to look harder at clients holding investment citizenship. Your tax residence decides where you are reported, not your passport.

3 · Problems

What can go wrong

If you are asking about the problems, you are close to a decision. Better you hear them here than in month eight. Where the program stands legally is in chapter 1.

Six risks, ranked

High

The window depends on who governs

Argentina elects a president in October 2027, with a runoff, if needed, in November. The route was opened by decree, and a government that does not share the policy could close it before you apply. Nobody knows how long the door will stay open.

High

Nobody has been through it

Our estimate is about four months from filing to passport, though it could stretch to six to eight months. Decree 524/2025 gives the migration authority 30 working days after the Agency reports. Until someone files, every timeline, ours included, is an estimate.

High

The bond carries Argentina's credit

USD 800,000 locked until a maturity still to be published, from a state with nine sovereign defaults by the usual count and a rating six notches below investment grade, even after three upgrades in 2026.

Medium

The detail is still being written

The amounts and the opening window are announced. The resolutions that set out the bond's terms, the fees and how to apply are still pending, and they can move the figures on this page that today are estimates.

Medium

The investment does not buy an approval

Making the contribution or purchasing the bond is a requirement to apply, not a guarantee. Every applicant, including each family member, is evaluated separately and can be refused.

Medium

Argentina's currency rules change often

Argentina has a long history of limits on buying and moving dollars. Most limits for individuals were lifted in April 2025 (Communication A 8226), and one came back in September 2025 (A 8336). This matters only if you plan to hold money or earn income in Argentina: check the rules at that time.

Five facts, not risks

These are settled today. Check each one against your own plans before you apply.

Fact

The contribution, if you choose Route A, is not refundable

Route A is a non-refundable contribution to the National Treasury, not an investment. If you change your mind, you do not get it back.

Fact

No visa-free entry to the United States

Argentina left the Visa Waiver Program in February 2002 and has not returned (DHS). A process to readmit it began in July 2025, and there has been no official news since. Argentines apply for a US tourist visa like everyone else.

Fact

Moving there changes your tax position

The passport does not make you a tax resident, but twelve continuous months on a temporary residence does (article 116): worldwide income plus an annual tax on worldwide assets.

Fact

A specific trap for US citizens

Argentina has 24 double-tax treaties and none with the United States. Live there as a US citizen and two countries tax the same income with no rules to split it.

Fact

The Spanish shortcut does not apply

Spain's two-year naturalization covers Ibero-Americans by origin (Civil Code, art. 22.1). Argentines by naturalization face the standard ten years. A surprising number of guides get this wrong.

The record

Programs close

Citizenship-by-investment programs have a history of closing, and Argentina's will be judged against it. The three largest closures were all EU member states, which answer to Brussels in a way Argentina does not, and they closed through a route that does not reach Argentina: article 20 of the EU treaty.

The lesson for an applicant: a citizenship lawfully granted is hard to take away, but a program can close, which is why the window matters more than the queue.

CountryRanHow it ended
Cyprus2007-2020Closed by cabinet decision on 13 October 2020, effective 1 November, after an investigation into how citizenships had been approved (Ministry of Finance)
Bulgaria2005-2022Repealed on 24 March 2022, effective 5 April, under EU pressure (State Gazette 26/2022)
Malta2013-2025The EU Court of Justice ruled it unlawful on 29 April 2025 (C-181/23); Parliament repealed it on 24 July 2025 (Act XXI of 2025)

4 · Is it for you? · How it compares

Argentina, or something else?

A fair comparison includes programs we don't offer, the places where Argentina loses, and a link to the authority behind every figure.

What only Argentina puts together

A stronger passport

169 destinations, against 157 for St Kitts & Nevis, the strongest among the programs already running, and 143 for Saint Lucia (Henley Passport Index 2026).

A region, not just a country

Simplified residence in Brazil, Paraguay, Uruguay and Bolivia, which became a full Mercosur member in 2024 (Mercosur).

A real economy

The first citizenship program in South America, from a G20 member of 46 million people (INDEC census). The Caribbean programs belong to states of 47,000 to 180,000. Only Türkiye, also G20, has a larger economy among countries with a citizenship-by-investment program; Egypt has more people.

No obligation to live there

One visit after approval, to enroll biometrics, and no ongoing residence requirement Our sources.

Dual, and inherited

You keep your nationality, and your children are Argentine too (Law 346).

No tax just for holding it

Article 194 of Law 27,802 makes nationality alone irrelevant to tax residence. See the tax chapter.

The full field, ranked by passport strength

CountryDestinationsContributionMinimum, single applicantInvestmentMinimum, asset retainedProcessingWho publishes the rules
ArgentinaAnnounced 2 October 2026; applications open in the fourth quarter169USD 350kMinistry of EconomyUSD 800k government bond, terms to be publishedAbout 4 months, our estimateMinistry of Economy announcement; the resolutions are pending
St Kitts & NevisSince 1984157USD 250k + ~10kUSD 325k in approved property, held 7 years120-180 days to approval in principleCIU
Antigua & BarbudaLaw 2013, operating 2014154USD 230k + ~19kUSD 300k in approved property, held 5 yearsNot publishedCIU
GrenadaSince 2013148USD 235k + ~9kUSD 270k for a share of an approved project, + ~59k in fees. Holding period not published3-6 monthsIMA
DominicaSince 1993144USD 200k + ~10kUSD 200k in approved property, + ~85k in fees, held 3 yearsAt least 3 monthsCBIU
Saint LuciaSince 2015143USD 240k + ~10kUSD 300k in a government bond with no interest, + 50k fee, held 5 yearsAbout 90 daysCIU
El SalvadorSince 2023, capped at 1,000 a year131USD 1M in BTC or USDTNoneUp to 6 weeksGovernment portal
TürkiyeSince 2017112NoneUSD 400k in property, held 3 years. Or USD 500k in a deposit, bonds or fundsNot publishedInvestment Office
NauruSince 2024Over 85, per the programUSD 90k + ~13k, a discount that ends on 31 December 2026None3-4 monthsECRCP
VanuatuLost EU visa-free access in 202386USD 130k + ~5kProperty in approved projects; amount not publishedNot publishedCitizenship Office
BotswanaLaw passed, rules unfinished81Not announcedNot announcedNot openDaily News
Sierra LeoneSince 2025, run by a private concessionaire63Not publishedNot publishedNot publishedNo government source
São Tomé & PríncipeSince 202559USD 90k + 5kNoneNot in the decreeDecree-Law 7/2025
EgyptLaw 190/2019, regulations 202049USD 250k + 10kUSD 300k in property, as reported; not on an official pageNot publishedLaw 190/2019
JordanSince 201849NoneJOD 500k, about USD 705k, in a new business outside Amman, with 10 jobs3 years of compliance firstPetra, July 2026

Destination counts: Henley Passport Index 2026, a private index*. Every other figure links to the unit that runs each program: check there before deciding*.

South America's strongest passports

Chile and Brazil are the only South American passports ahead of Argentina's, by five destinations and by one, and neither is available through investment. St Kitts & Nevis, the strongest among the programs already running, sits twelve behind.

Destinations reachable without a prior visa, Henley Passport Index 2026. There is no investment route to a stronger South American passport.

Residence routes that lead to other strong passports, eventually

ParaguayWe offer

The cheapest residence in the region, and the reason most people actually ask for it: tax

Entry
You put the money into a business or a property and you keep what you buy. From USD 70,000 in a productive project with five formal jobs · USD 150,000 in tourism · USD 200,000 in property or financial assets. Property bought for your own family to live in does not count
You get now
A permanent residence permit, for you and your family, granted directly instead of after two years of temporary status, with a ten-year ID card. It does not settle where you pay tax: that is the separate application below
Tax
Territorial. Paraguay taxes Paraguayan-source income only, at 8% to 10%; foreign income falls outside it. But tax residence is a separate application: you need the ID card, a tax number, and either 120 days a year in the country or proof that your main business and economic interests are in Paraguay
Passport
3 years of actually living there, plus a trade or profession practiced in the country

Ministry of Industry · DNIT on income tax · tax residence rules

UruguayWe offer

A base to live in, an hour from Buenos Aires. In Uruguay, the product is tax residence

Entry
Property over about USD 2.5 million (UI 15 million) · or about USD 580,000 (UI 3.5 million), if you also spend 60 days a year in the country · or a business from about USD 2.5 million (UI 15 million) creating 15 jobs

The law sets these in unidades indexadas, a unit that moves with Uruguayan inflation, so the dollar figures shift. Converted at September 2026 values
You get now
Tax residence, for you, and that is the whole product. It is not a residence permit and not a passport: it settles where you pay tax, which is what people buy Uruguay for
Tax
Territorial in principle, but since January 2026 tax residents pay 12% on capital income, gains and rents from abroad
Tax holiday
11 years exempt, for a new tax resident who was not one in the two previous years. Only by living there more than 183 days a year or, without moving, by also buying property of about USD 2 million on the coast (less inland) from 2026 on, or putting about USD 100,000 a year into qualifying funds. The 60-day route above gives tax residence, not the holiday
Passport
Uruguay does not naturalize foreigners the way other countries do: it grants a carta de ciudadanía legal, and a Uruguayan passport follows from it

You can apply after 3 years of living there if your family is in the country, 5 years if not. The right to vote and to stand for office begins 3 years after the carta is issued, so the full set takes 6 or 8 years

Decree 148/007 · Decree 188/026 · Law 20,446, art. 648 · Constitution, art. 75

PortugalWe offer

Residence now, one of the world's strongest passports a decade later, and your capital back along the way

Entry
€500,000 subscribed into a regulated Portuguese fund; real estate no longer qualifies since 2023 (Law 56/2023). The money stays yours: the law requires funds with a maturity of at least five years, and you get it back when the fund closes or when you sell your units, at whatever they are worth by then. Not a deposit, and not guaranteed

€250,000 through the cultural route is a donation. That money is gone, like Argentina's Treasury contribution. There is also a job-creation route with no fixed amount
You get now
A renewable residence permit, for you and your family. It asks for about seven days a year in Portugal on average*, does not oblige you to move, and does not settle where you pay tax
Tax
The permit does not change where you are taxed. Portugal taxes the people who actually live there
Passport
10 years of legal residence, or 7 for EU and Portuguese-speaking nationals, under the rule in force since 19 May 2026, plus a basic Portuguese language test or course (level A2). The clock starts when the residence card arrives, and the immigration office can take one to two years to issue it*. 185 destinations, 16 more than Argentina

Lei Orgânica 1/2026 · AIMA · Law 56/2023

Our sources

GreeceWe offer

EU residence that asks for no days in the country, which is also why the passport rarely arrives

Entry
You buy a property and you own it. Not a fund, not a donation: the title is yours and you can sell it, though selling ends the residence. One single property, with at least 120 m² of main living space, and it cannot be let for short stays (Law 5100/2024)

€800,000 in Attica, Thessaloniki, Mykonos, Santorini and islands over 3,100 people · €400,000 in the rest of the country · €250,000 for a building converted to housing, an industrial building unused for five years, or a listed one you restore
You get now
A renewable residence permit, for you and your family, valid while you keep the property, with no minimum stay. It does not settle where you pay tax
Tax
The permit alone does not make you a Greek tax resident. Living there does
Passport
7 years of legal residence plus a language and civics exam. Since the permit asks for no days in Greece, most holders never start counting those seven years. 185 destinations

Ministry of Migration · Law 5100/2024

Read the four the same way: what the money buys you on day one, what it does to your tax position, and how many years of real life it takes before a passport appears. Paraguay and Uruguay are bought for the tax position; Portugal and Greece for the European passport at the end of a decade. None of them is a substitute for the Argentine route, and none of them is open to the same objection: all four are running today.

The benchmarks

Argentina or St Kitts & Nevis

St Kitts & Nevis is the strongest passport among the programs already running, and the one most people put next to Argentina. It costs less and it works today. The question is what the extra money buys.

ArgentinaSt Kitts & Nevis
ContributionUSD 350kUSD 250k + ~10k in fees
InvestmentUSD 800k government bond, terms to be publishedUSD 325k in approved property, held 7 years
Passport169157
The country behind itA G20 member of 46 million, with residence rights across MercosurTwo islands, about 47,000 people
US tourist visaRequiredRequired
Track recordNone. No application has been processedSince 1984, the oldest program running
ProcessingAbout four months from filing, our estimate120-180 days to approval in principle
StatusAnnounced; applications open in the fourth quarter of 2026Operating

USD 100,000 less for twelve fewer destinations looks like the better deal. But the twelve destinations are the smaller part of the difference. What matters more is what stands behind a passport. St Kitts & Nevis is two islands of about 47,000 people, and its passport is worth what other countries decide to let its holders do.

Argentina's access was built over decades, long before any program, by a G20 economy of 46 million that Europe trades with, negotiates with and needs, and its citizenship comes with the right to settle across Mercosur. A passport is a claim on a country, and this one is backed by a country big enough to defend it.

Argentina or Portugal

The other comparison worth making is Portugal, which works in almost the opposite way: you keep your capital and get residence now, but the passport takes a decade. We offer both.

ArgentinaPortugal
EntryUSD 350k non-refundable contribution, or a USD 800k government bond€500,000 in a regulated Portuguese fund, or a €250,000 donation through the cultural route
You getCitizenshipResidence, after one to two years
Money backBond route only, at maturityWhen the fund closes or you sell your units. You get what they are worth then, which can be more or less than you put in. The donation is not returned
Passport169185
PresenceOne visit after approvalAbout seven days a year
To citizenshipAbout four months from filing10 years from the residence card, or 7 for EU and Portuguese-speaking nationals, plus a basic Portuguese test or course (level A2)
StatusAnnounced; applications open in the fourth quarter of 2026Operating

Read the last two rows together. Portugal wins on passport strength, stability and getting your money back. Argentina wins on speed, a passport in months rather than a decade, and on asking you to be there once. Argentina's amounts come from the Ministry of Economy's announcement of 2 October 2026, its presence and timing from our sources and estimates; Portugal's from Lei Orgânica 1/2026, AIMA and our own work there.

5 · Passport & country · The passport

How good is it, really?

What the passport opens and doesn't, how easily you can reach Argentina for the one trip the program asks for, the rights that come with it, and the country behind it.

What it opens

  • The Schengen area, for short stays
  • The United Kingdom, with an electronic travel authorization, required since January 2025
  • Japan and South Korea
  • China, visa-free for up to 30 days under a unilateral trial that runs to 31 December 2026
  • Nearly all of Latin America, Russia and the UAE

What it doesn't

  • The United States: B1/B2 visa required
  • India: visa required, available online as an e-Visa
  • Around 30 destinations that require a visa in advance

169 destinations, 16th in the world, per the Henley Passport Index 2026. No government publishes this figure and the main indices differ by up to 15 destinations for the same passport, so any count is one publisher's methodology*.

And the other way: getting into Argentina

The one trip the program asks for is simple for most nationalities, and two recent rules make it simpler for the ones that usually need a visa. Indian nationals holding a valid US visa can visit Argentina for tourism with no Argentine visa or electronic travel authorization, for up to 90 days (Resolution 353/2025, August 2025). Chinese and Dominican nationals with a valid US visa can also enter without an Argentine visa (Resolution 316/2025, July 2025).

The United States, in detail

Argentina was in the Visa Waiver Program from 8 July 1996 until 21 February 2002, and the DHS list still shows it as a former member. On 28 July 2025 the two governments signed a statement of intent to work toward readmission. There has been no official announcement since, from either government.

The case is reasonable on the numbers: in the DHS overstay report for 2024, Argentina's B1/B2 overstay rate was 0.81%, the second lowest in Latin America behind Panama. Even so, today an Argentine passport means applying for a US visa: your place of birth is still on the form, and consulates decide case by case.

The E-2 investor visa

Argentina has held a commerce and navigation treaty with the United States since 1854, and appears on the State Department's treaty country list for both E-1 and E-2. Argentine citizens can apply for the E-2 investor visa.

Investor citizens have to wait. Since December 2022, US law requires anyone who acquired a treaty country's nationality through a financial investment to have lived in that country for at least three continuous years before applying (8 U.S.C. 1101(a)(15)(E)). An Argentine passport from this program opens the E-2 only after three years of living in Argentina, which also makes you an Argentine tax resident.

For a British or European applicant that adds little. For Indian, Chinese, Nigerian, Brazilian or South African applicants, whose countries are not on the State Department's list, it can still matter if they plan to live in Argentina first. The same rule applies to Grenada, the only Caribbean program with an E-2 treaty.

Mercosur: where the passport lets you settle

As an Argentine you can apply for residence in the other full members on the basis of nationality, with no job offer, investment or family tie required. It is a category, not an automatic right: you file a passport or nationality certificate, birth and civil-status records, police certificates covering the last five years, sworn statements and a fee, and you get temporary residence for up to two years (Mercosur Residence Agreement).

Permanent residence follows if you apply within the 90 days before expiry and show lawful means of living. You can still be refused on character grounds*.

And Spain? Its two-year naturalization is for Ibero-American nationals by origin. Argentines by naturalization face the standard ten years, and the shortcut never exempted anyone from qualifying for Spanish residence first.

GroupCountriesAccess
Full membersArgentina, Brazil, Paraguay, Uruguay and Bolivia, a full member since 2024As an Argentine, simplified residence in the other four
AssociatesChile, Colombia, Ecuador, Peru, Guyana, SurinameVaries by country
SuspendedVenezuela, since 2017Not usable in practice

6 · Next steps

What you can do before it opens

The slowest part of any citizenship application is your own paperwork. Applicants whose documents are ready when the rules appear will be processed first.

ItemLead timeWatch out for
Source of funds: audited accounts, sale agreements, tax returns, bank records6-12 weeksThe most common reason applications stall
Police certificates from every country lived in for over a year2-8 weeksThey expire; sequence them
Civil documents, apostilled and translated by an Argentine public translator2-6 weeksTranslations done elsewhere may be rejected
Birth and single-status certificates for children aged 18 to 254-8 weeksThey apply on their own, and must be unmarried with no children of their own
Funding mechanics2-6 weeksSome countries limit how much you can send abroad: India allows individuals USD 250,000 a year. Check yours early
What to hold off on

Don't pay anything toward the USD 350,000 contribution or the bond before applications open, don't buy a "reserved place", and don't move capital anywhere you can't bring it back from.

Readiness check

How close are you to ready?

Tick what you already have. We'll estimate how long you need before you could apply on day one.

7 · Short answers

Questions people ask us first

No. Citizens have the privilege, not the obligation, to live in Argentina. One visit after approval, to enroll biometrics, according to our sources.

For the principal applicant, a non-refundable contribution of USD 350,000 to the National Treasury, or the purchase of a USD 800,000 government bond. A spouse adds USD 100,000, each child aged 18 to 25 USD 100,000 and each child under 18 USD 25,000, always through the Treasury contribution. Then government fees, our fee and documents. See the whole bill.

No. The investment makes a person eligible to apply; it does not grant citizenship. Every application is thoroughly evaluated by the Agency for Citizenship by Investment Programs, and the National Directorate of Migration approves or rejects each one.

No. Argentina allows dual citizenship.

Yes. Your spouse and your children apply through the Treasury contribution route: USD 100,000 for a spouse, USD 100,000 for each unmarried child aged 18 to 25 with no children of their own, and USD 25,000 for each child under 18. Each one files a separate application and is evaluated on their own. Parents and other relatives do not qualify.

Children who apply with you and are approved become citizens, and children born to you afterwards are Argentine by descent.

Yes. The amounts are set in dollars, USD 350,000 and USD 800,000, and the funds must go through the formal financial system.

In the fourth quarter of 2026, according to the Ministry of Economy's announcement of 2 October 2026. The exact date will come with the resolutions that set out the procedure. We'd rather not give you a day we can't stand behind.

Our estimate is about four months from filing to passport, though it could stretch to six to eight months. Nobody has filed yet, so treat any timeline, ours included, as an estimate.

Most nationalities don't. Indian nationals with a valid US visa can visit for tourism without an Argentine visa, and Chinese and Dominican nationals with a US visa can enter without one too. See the passport chapter.

No. Living there can. See the tax chapter.

Yes. Advisers, law firms and family offices refer clients to us or work with us as sub-agents, with a letter of intent now and a binding agreement once the program opens. Talk to us as a partner.

Be ready the day applications open

Pre-register and we'll write to you when something real changes: the resolutions, the exact opening date, the bond's terms. It costs nothing and commits you to nothing.

Advising clients on Argentina?

If Argentina is wrong for you, we'll tell you.

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2-minute self-assessment

Is Argentina the right program for you?

Eight questions and an honest answer. If Argentina isn't the right fit, the result tells you what to look at instead.

1. What do you most want from a second citizenship?
2. How do you feel about the money?
3. When do you need the passport?
4. Who needs to be on the application?
5. Are you a US citizen or green card holder?
6. Would you live in Argentina?
7. Can you document where your money came from?
8. How strong is your current passport?
For advisers, law firms and family offices

Your local team for Argentina

If your clients will ask you about Argentina, work with the firm that was in the room. Refer them to us, or work with us as a sub-agent: you keep the client relationship, we handle the Argentine application and the legal work.

  • A letter of intent now, and a binding agreement once the program opens
  • A call with Matías Apparcel, our founder, or with a partner of the firm
  • A team that works in Spanish, English, Portuguese and German

Just your email. We write back to set up a call.

Prefer to write? [email protected]