Two Investment Options
The program was announced in Paris on October 2, 2026: a contribution of US$350,000 or a government bond of US$800,000. The contribution amount will increase based on family size, with a family of four expected to pay €444,000.
The calculation is straightforward: if you apply alone, €311K (approximately $340K) or €711K (approximately $775K). If you apply with family, amounts increase accordingly. Government bonds must be held for 7 years and are not a cash payment.
When Will Applications Open?
The program is expected to begin accepting applications in the fourth quarter of 2026, meaning before December 31, 2026. However, the implementing regulations have not yet been published and applications are not yet being accepted. In reality, there is a possibility the program could be delayed to Q1 2027.
Major Legal Risk
This is the most important caution. Executive Decree DNU 366/2025, which allows investment to replace the two-year residency requirement, was declared void by two federal courts in June 2026, and the government's appeal is currently pending before the Supreme Court.
In other words: this program is based on a decree that courts have already rejected. The government is appealing to the Supreme Court, but the outcome is unclear. If the Supreme Court overturns the decree, the entire program could collapse or require significant restructuring.
Who Reviews Applications?
Applications will be evaluated by the Investment Citizenship Program Agency (APCI) along with Argentina's intelligence, financial, and security agencies. Applicants will undergo due diligence including identity verification, proof of legitimate source of funds, financial history and traceability, criminal history and reputation, as well as immigration records.
Why Is Argentina Doing This?
Argentina is putting a price on citizenship because President Javier Milei is seeking dollars to help the country meet its debt obligations. A consortium of investment advisory firms advising the government estimates that a paid citizenship program could raise up to €2.2 billion for Argentina if it receives the projected number of applicants.
Argentina faces severe debt, and this is a way to generate hard currency quickly. This also means the program could be modified or cancelled if political circumstances change.
Comparison with Other Programs
Argentina, a G-20 nation with 46 million people, would become the first South American country to join this ranking. Currently, only Caribbean nations (St. Kitts, Dominica) and Malta (which has closed its program) offer direct citizenship by investment.
The Argentine passport allows visa-free entry to 170+ countries, including the EU, Schengen area, and most Latin American countries. This is stronger than the passports of some Caribbean nations.
Important Cautions
Do not rush to apply when the program opens. Wait to:
- See how Argentina's Supreme Court rules on the underlying executive decree.
- See what the final implementing regulations actually say.
- See what problems early applicants encounter.
This program has potential, but the legal risk is real, not theoretical.
