{"id":5897,"date":"2026-10-03T01:05:16","date_gmt":"2026-10-03T01:05:16","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=5897"},"modified":"2026-10-03T01:05:16","modified_gmt":"2026-10-03T01:05:16","slug":"argentina-to-give-golden-passport-to-foreigners-that-make-a-350000-contribution-to-its-treasury","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=5897","title":{"rendered":"Argentina to give &#8216;golden passport&#8217; to foreigners that make a $350,000 contribution to its treasury"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/10\/GettyImages-2292658362-e1790974353218.jpg?w=2048\" \/><\/p>\n<p>Argentina on Friday announced plans to offer citizenship to wealthy foreigners in exchange for cash contributions or investments in government bonds, as libertarian President Javier Milei seeks new sources of dollars for the debt-burdened nation.<\/p>\n<div>\n<p class=\"wp-block-paragraph\">Economy Minister Luis Caputo unveiled the so-called \u201cgolden passport\u201d scheme at an investor event in Paris, saying applications are expected to open before the end of the year.<\/p>\n<p class=\"wp-block-paragraph\">Applicants have two options: make a nonrefundable $350,000 contribution to the Argentine Treasury or invest $800,000 in a new government bond that must be held for seven years. Contributions would increase depending on family size, with a family of four expected to pay $500,000, officials said.<\/p>\n<p class=\"wp-block-paragraph\">Securing dollars is critical for Milei as he prepares to seek reelection next year. Argentina\u2019s Treasury faces nearly $25 billion in foreign-currency debt payments coming due in 2027. But having narrowed its financing options by holding off on a return to international bond markets, the government is searching for alternative sources of revenue.<\/p>\n<p class=\"wp-block-paragraph\">A consortium of investment firms advising the government estimated that the paid-citizenship program could raise up to $2.5 billion for Argentina if it receives the expected number of applicants.<\/p>\n<h4 class=\"wp-block-heading\">Citizenship with global reach<\/h4>\n<p class=\"wp-block-paragraph\">So-called \u201cgolden visa\u201d programs have become increasingly common among cash-strapped countries battling to attract deep-pocketed foreigners, with about 60 nations offering residency privileges in exchange for one-off investments. U.S. President Donald Trump launched his own \u201cgold card\u201d program for the U.S. last year.<\/p>\n<p class=\"wp-block-paragraph\">Citizenship-for-investment programs go further, offering more rights and a passport that opens doors abroad. Only about a dozen countries have active programs, including small Caribbean island states.<\/p>\n<p class=\"wp-block-paragraph\">Argentina, a G-20 nation of 46 million people home to a vast Patagonian wilderness and culturally vibrant capital, is set to become the first South American country to join their ranks.<\/p>\n<p class=\"wp-block-paragraph\">\u201cThe Argentine passport is highly valued, accepted in more than 140 countries,\u201d Caputo said, referring to destinations Argentines can visit without obtaining a visa in advance \u2014 from China and Russia to Europe\u2019s Schengen area and most of Latin America.<\/p>\n<p class=\"wp-block-paragraph\">For wealthy people from countries that face visa restrictions, whether in Southeast Asia or the Arab world, Argentine citizenship could make it easier to travel and do business internationally, said Kristin Surak, a professor at the London School of Economics and author of \u201cThe Golden Passport: Global Mobility for Millionaires.\u201d<\/p>\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s not only the benefits that you get within Argentina,\u201d she said. \u201cYou also get benefits globally in terms of where you can go.\u201d<\/p>\n<h4 class=\"wp-block-heading\">A second passport as a Plan B<\/h4>\n<p class=\"wp-block-paragraph\">The clientele of such programs has shifted since the COVID-19 pandemic, industry experts say, with more Americans and Europeans \u2014 whose passports already offer extensive visa-free travel \u2014 seeking a foothold abroad as an escape hatch at a time of mounting geopolitical uncertainty.<\/p>\n<p class=\"wp-block-paragraph\">\u201cThe Southern Cone of South America is the ultimate Plan B destination. It\u2019s not on the way to anywhere strategically important. It\u2019s a region that\u2019s always staying out of global armed conflict,\u201d said Christian Nesheim, editor of Investment Migration Insider, a trade journal. \u201cIt\u2019s self-sufficient when it comes to food, to energy.\u201d<\/p>\n<p class=\"wp-block-paragraph\">A country with a history of military coups, debt defaults and runaway inflation that long sent its own business elite seeking opportunities abroad might seem an unlikely refuge for investors chasing stability. But Milei is trying to recast Argentina as a destination for foreign wealth, slashing public spending, dismantling regulations and courting investment in the country\u2019s vast oil and mineral resources.<\/p>\n<p class=\"wp-block-paragraph\">Caputo said the idea for the citizenship-for-investment program emerged during Milei\u2019s July 2024 visit to Sun Valley, Idaho, when tech executives expressed interest in obtaining Argentine citizenship.<\/p>\n<p class=\"wp-block-paragraph\">A self-proclaimed \u201canarcho-capitalist,\u201d Milei has cultivated close ties with libertarian-minded tech billionaires such as Elon Musk, a vocal supporter of Milei\u2019s drive to shrink government. Last year, he brandished a chainsaw gifted by the Argentine leader as a symbol of his own campaign to slash U.S. government spending.<\/p>\n<p class=\"wp-block-paragraph\">Another ideological ally is Peter Thiel, a co-founder of software firm Palantir who temporarily moved his family to Buenos Aires in April. Corporate records obtained by The Associated Press show that a company linked to his investment firm, Thiel Capital, owns a $13.5 million mansion in the city\u2019s upscale Barrio Parque neighborhood. Thiel also secured New Zealand citizenship in 2011, receiving a special exemption from the usual residency requirements.<\/p>\n<p class=\"wp-block-paragraph\">\u201cI think that this \u2018Peter Thiel in Argentina\u2019 story is maybe a bit of a proof of concept (for the citizenship program),\u201d said Philippe Amarante, managing partner and head of government advisory at Henley &amp; Partners, a consultancy that helps clients obtain passports around the globe.<\/p>\n<p class=\"wp-block-paragraph\">\u201cHe stands for this idea that independent, wealthy, successful people do have choices around the world. And if you provide the right environments and right habitats, the right ecosystem, they might choose you.\u201d<\/p>\n<h4 class=\"wp-block-heading\">The risks of selling citizenship<\/h4>\n<p class=\"wp-block-paragraph\">Golden passport programs have long drawn criticism over their vulnerability to corruption. The Financial Action Task Force, the global money-laundering watchdog, has warned that criminals exploit citizenship and residency programs to conceal their identities, launder illicit wealth and evade justice.<\/p>\n<p class=\"wp-block-paragraph\">In a blow to the investment migration industry, the European Union\u2019s top court ruled Malta\u2019s golden passport program unlawful in April 2025, declaring that EU citizenship could not be sold. Other countries have also scrapped cash-for-residency programs, citing concerns ranging from dirty money to housing affordability.<\/p>\n<p class=\"wp-block-paragraph\">Caputo vowed to prevent such pitfalls, with intelligence and financial oversight agencies helping to vet applicants\u2019 identities, criminal records and sources of funds.<\/p>\n<p class=\"wp-block-paragraph\">The aim, he said, is to protect \u201cthe international standing of Argentine citizenship.\u201d<\/p>\n<\/div>\n<p>#Argentina #give #golden #passport #foreigners #contribution #treasury<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Argentina on Friday announced &hellip; <\/p>\n","protected":false},"author":1,"featured_media":5898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4007,8988,373,5658,87,3994,31,8987,3763,5081,708],"class_list":["post-5897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-argentina","tag-contribution","tag-debt","tag-foreigners","tag-give","tag-golden","tag-invest","tag-passport","tag-passports","tag-travelers","tag-treasury"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Argentina to give &#039;golden passport&#039; 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