camel
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In this thread about getting Argentine citizenship, Tex made a good point, that I'd like to expand in this thread (so as to not hijack the original thread). Tex said:
I'd like for folks to add any real benefits you can think of. I'll try to start with a few:
* Yes, you can visit cuba with an Argentine passport, but in reality, US citizens (with only a US passport) visit Cuba already. In fact, the Cuban officials don't stamp US passports in Cuba, to avoid leaving evidence of your visit, I guess.
* From what I've read on the Internet (no first-hand experience here), many countries won't open a simple bank account if you try to open it with a US passport, due to the US's FATCA/FBAR laws. With an Argentine (or any other country) passport, my understanding is you can open bank accounts more easily.
* You have better access to Mercosur countries, for both residency and citizenship. I just read that in Colombia, for example, you have to live there for 5 years to apply for citizenship. However, citizens of other Mercosur countries only have to wait 1 year.
I'm interested in any other pros and cons to Argentine citizenship vs. permanent residency.
I think that in practicality there's really not a big difference between permanent residency and citizenship. The obvious difference is the right to vote. Bajocero noted that having citizenship can keep you from getting deported, but I think if I was in a situation where I was about to be deported, I would likely be quite pleased to leave this country. Also, I think you can go to some European countries without a visa that you would have to get with a U.S. passport. Or you can go to Cuba with the Argentine passport. Also, you wouldn't have to pay reciprocity fees when traveling throughout S. America.
Other than that, I don't see the benefit of going through a complicated process in order to get yet another piece of paper. I'm happy with my permanent residency.
I'd like for folks to add any real benefits you can think of. I'll try to start with a few:
* Yes, you can visit cuba with an Argentine passport, but in reality, US citizens (with only a US passport) visit Cuba already. In fact, the Cuban officials don't stamp US passports in Cuba, to avoid leaving evidence of your visit, I guess.
* From what I've read on the Internet (no first-hand experience here), many countries won't open a simple bank account if you try to open it with a US passport, due to the US's FATCA/FBAR laws. With an Argentine (or any other country) passport, my understanding is you can open bank accounts more easily.
* You have better access to Mercosur countries, for both residency and citizenship. I just read that in Colombia, for example, you have to live there for 5 years to apply for citizenship. However, citizens of other Mercosur countries only have to wait 1 year.
I'm interested in any other pros and cons to Argentine citizenship vs. permanent residency.