Argentina may become one of the largest countries in the world to introduce a citizenship by investment (CBI) program.

According to a recent report by the Financial Times, the government of President Javier Milei is currently developing a potential investment citizenship scheme aimed at attracting foreign capital and supporting the country’s public finances.

Although the program has not yet been officially approved, media reports indicate that two possible investment routes are under consideration:

  • A non-refundable contribution of approximately USD 500,000
  • The purchase of interest-free government bonds worth around USD 1 million

The final structure, investment thresholds, and eligibility requirements have not yet been confirmed and may still change before any formal launch.

Why Is Argentina Considering a CBI Program?

The primary objective appears to be attracting foreign currency inflows to help address Argentina’s debt obligations.

Following the restructuring of its sovereign debt in 2020, Argentina has faced limited access to international capital markets. As a result, the government is reportedly exploring alternative funding mechanisms, including investment migration.

A Potentially Strong Passport

Should the program be launched, the Argentine passport could become one of the most attractive offerings in the global investment migration market.

Argentine citizens currently enjoy visa-free or visa-on-arrival access to nearly 170 destinations worldwide, placing the country’s passport among the strongest in Latin America.

However, the proposed investment thresholds would position the program at the premium end of the market.

If introduced under the figures currently being discussed, the Argentine initiative would be more expensive than most existing CBI programs and would be surpassed primarily by El Salvador’s Freedom Visa program, which requires an investment of $1,000,000 in BTC or USDT.

Could the EU React?

One of the key unanswered questions is how the European Union and the United Kingdom may respond if Argentina launches a CBI program.

In its latest report published in December 2025, the European Commission reiterated its position that citizenship by investment schemes may pose risks to visa-free arrangements with third countries.

In recent years, Caribbean jurisdictions have significantly tightened their CBI programs in response to international scrutiny by increasing investment thresholds, strengthening due diligence procedures, and introducing additional compliance measures. St. Kitts and Nevis, for example, has implemented mandatory biometric collection, while Dominica has been considering stricter physical presence requirements.

Given the EU’s increasingly cautious approach toward investment citizenship, the introduction of a similar program in Argentina could potentially attract attention from Brussels.

Is It Time to Apply?

At this stage, no.

Argentine authorities have not yet officially confirmed the program’s conditions or launch date. As with many investment migration initiatives, the legislative and implementation process could take months or even years.

Until formal legislation is introduced and approved, prospective investors should view the proposal as a developing initiative rather than an active opportunity.