Argentina has introduced a new programme that allows foreigners to apply for citizenship after making an investment of at least $350,000 in the country.
The initiative, announced by President Javier Milei’s government, is aimed at attracting more foreign investment as Argentina seeks to strengthen its economy.
Under the programme, investors can qualify by making a non-refundable contribution of $350,000 to the National Treasury or by purchasing an $800,000 government bond created specifically for the scheme.
The government said the offer also covers eligible family members of successful applicants. Spouses can obtain citizenship through a $100,000 contribution, while the amount for children under 18 is $25,000.
Argentina’s government said the funds raised through the programme would be used to strengthen the country’s financial and fiscal position.
The Economy Ministry said applicants would undergo checks to verify the source of their funds, prevent money laundering and address national security concerns.
The programme comes as Argentina seeks to increase foreign direct investment. According to the Organisation for Economic Cooperation and Development, the country received about $3.13 billion in foreign direct investment in 2025.
The figure was significantly lower than the $76.88 billion attracted by Brazil and the $40.87 billion received by Mexico during the same period.
The citizenship scheme was announced shortly after Argentina’s Supreme Court upheld the government’s decision to remove restrictions on foreign ownership of rural land.
The court backed a 2023 decree by Milei that abolished a 15 per cent limit on foreign ownership of rural land, a restriction introduced in 2011.
The decision has drawn criticism from some groups, including veterans of Argentina’s 1982 war with Britain over the Falkland Islands, who have opposed the easing of restrictions on foreign ownership.
Opposition groups have also indicated plans to challenge the land ownership changes in Parliament, while demonstrations have been announced against the policy.
