Citizenship by investment in Argentina

[MarshallE]

El Gobierno creará una agencia para darle la ciudadanía a quienes inviertan en proyectos de más de US$500.000 | TN

Será una estructura descentralizada dentro del Ministerio de Economía. Los equipos técnicos de la Casa Rosada están revisando los detalles para prevenir la judicialización de la medida.

tn.com.ar

For the paltry sum of $500,000 USD, Argentine citizenship could be yours!

 

[QuilmesSlo]

Smart move going to bring in a lot of money. Will be interested to see how they structure it.

 

[rob0001]

It will be more popular after the legislature raises the current requirements from applying after two years to applying 3-5 years after permanent residency. This is a very strong passport and in the top 20 in the world.

 

[aloevera]

I haven't logged into this forum for over one year, but I'm back to just say that it is most probably NOT possible to acquire Argentine citizenship solely via investment. I will be waiting for Dr. Rubilar to comment on this proposal. In my view, what perhaps could be done is selling a residence permit, but there is NO way at ALL to acquire CITIZENSHIP (!!) by NATURALIZATION (!!) without living 2 continuous years in the country. Source: The National Constitution, Article 20; Law 346, article 2, section 1.
For anyone who thinks this would be like a Caribbean CBI, where you'll be getting a passport in 6 months without living in the country, think again. Citizenship here is a judicial procedure, not an administrative procedure, and according to the aforementioned law 346, you must manifest your will before the federal judge in the area in which you're living, ahem, who has full discretion over your case, as every court has a set of unique requirements (for example, some ask for cuit/cuil, others don't care).
Now, article 20 of the National Constitution has an exception to shorten the time to naturalize for people who "allege and prove services to the Republic," but quite frankly, I just can't see many, if any, judges agreeing that paying $500,000 is a service to the Republic.

I mean, I guess it's not surprising that a crypto scammer is trying to sell citizenship. I think he might have copied this one from Donald Drumpf with his "Golden Card" idea that never came to fruition. What a coincidence, they're both crypto scammers.
Anyway, I hope and am thinking that a judge will declare this proposal unconstitutional.

 

[aloevera]

It will be more popular after the legislature raises the current requirements from applying after two years to applying 3-5 years after permanent residency. This is a very strong passport and in the top 20 in the world.

That would require a constitutional change, which would require a 2/3 vote in favor of the amendment(s) in the Senate and the Chamber of Deputies, as well as a constitutional convention. Do you think that's really going to happen?

 

[QuilmesSlo]

You just need a judge who likes the program, money in escrow, government vouches for the person applying fitting the national interest. I don’t see why it can’t work.

 

[Johngwyn]

I haven't logged into this forum for over one year, but I'm back to just say that it is most probably NOT possible to acquire Argentine citizenship solely via investment. I will be waiting for Dr. Rubilar to comment on this proposal. In my view, what perhaps could be done is selling a residence permit, but there is NO way at ALL to acquire CITIZENSHIP (!!) by NATURALIZATION (!!) without living 2 continuous years in the country. Source: The National Constitution, Article 20; Law 346, article 2, section 1.
For anyone who thinks this would be like a Caribbean CBI, where you'll be getting a passport in 6 months without living in the country, think again. Citizenship here is a judicial procedure, not an administrative procedure, and according to the aforementioned law 346, you must manifest your will before the federal judge in the area in which you're living, ahem, who has full discretion over your case, as every court has a set of unique requirements (for example, some ask for cuit/cuil, others don't care).
Now, article 20 of the National Constitution has an exception to shorten the time to naturalize for people who "allege and prove services to the Republic," but quite frankly, I just can't see many, if any, judges agreeing that paying $500,000 is a service to the Republic.

I mean, I guess it's not surprising that a crypto scammer is trying to sell citizenship. I think he might have copied this one from Donald Drumpf with his "Golden Card" idea that never came to fruition. What a coincidence, they're both crypto scammers.
Anyway, I hope and am thinking that a judge will declare this proposal unconstitutional.

Carribean countries takes around a year or a year and half to get approval, in some case could be two years, and one needs to submit lots of documents for government DD. I have one myself from Antigua where I need to reside minimum 5 days to qualify for the citizenship after approval, take oath of allegiance to the country and the Queen. Although every country among the five are slightly different to each other when it comes to requirements, but it is not for anyone who has a quarter million in the pocket. So definitely not what's being promoted and circulated on the internet.

And on the Milei proposed plan, you wrote exactly what I thought. It's judicial matter not the executive matter. But I noticed a pattern that Milei never actualized anything he said, he might fail this one too.

 

[FrankPintor]

You just need a judge who likes the program, money in escrow, government vouches for the person applying fitting the national interest. I don’t see why it can’t work.

Great way to devalue the Argentinian passport, though, and I don't mean in monetary terms.

I believe western countries already expressed concern about Argentinian nationality being used as a cover for spies, especially "sleepers". Selling nationality for the price of an apartment in Recoleta with a fake "national interest" justification isn't going to help very much, and visa-free travel for Argentinians might go away..

 

[Johngwyn]

Great way to devalue the Argentinian passport, though, and I don't mean in monetary terms.

I believe western countries already expressed concern about Argentinian nationality being used as a cover for spies, especially "sleepers". Selling nationality for the price of an apartment in Recoleta with a fake "national interest" justification isn't going to help very much, and visa-free travel for Argentinians might go away..

Real spies will never do that, spend two years to get a passport in alternative 2 weeks for a visa to anywhere, usually a real spy is from the inside.
It's a rhetoric a few in power that's pushing people to believe into through recent decades.

 

[FrankPintor]

Real spies will never do that, spend two years to get a passport in alternative 2 weeks for a visa to anywhere, usually a real spy is from the inside.
It's a rhetoric a few in power that's pushing people to believe into through recent decades.

Did you just describe the new proposed scheme? Though it's even better, citizenship, not a visa.

You didn't see this? https://www.batimes.com.ar/news/world/sleeper-agents-tell-russian-tv-about-living-under-cover.phtml