5 Things You Should Know About Argentina’s Citizenship by Investment Program

Argentina is a well-known South American country recognized for its unique cultural blend of old and contemporary, Argentine and European influences. The current atmosphere is defined by a cosmopolitan lifestyle, making it a fascinating country to live in.

While its economy experienced a significant setback last year, with a projected 10% decline, growth predictions indicate a rebound phase.

The country will eventually recover because it realizes there is so much untapped potential. So, why not dip your toes into a pool of friendly, rich, and modern experiences while investing a few dollars?

Argentina already has a direct investment-by-citizenship policy in place to entice investors. Through its ‘golden visa’ scheme, any investor who meets specific criteria can obtain permanent residency and, eventually, citizenship.

1. About the program

A typical citizenship by investment scheme does exactly what its name implies. In exchange for the privileges of residency and citizenship, an investor is expected to make certain investments in specific areas. Similarly, the Argentine version of the application provides. A foreign individual may be given an investor visa under Act number. 25.871, Dto. 616/2010, Dto. 70/2017 in exchange for a minimum investment of ARS1,500,000 in the Argentine economy.

The visa holder can only renew the visa for three years before applying for permanent residency in the nation. He/she must hold the permit for two years after a successful application before becoming eligible for citizenship. It is important to note that a permanent resident permit does not automatically convert to citizenship after two years.

2. Basic requirements

The program has a slew of eligibility requirements that must be met. The applicant must be over the age of 18. The applicants must have a clean criminal record and must provide a police clearance certificate along with an affidavit. Because the program is primarily based on the applicant’s ability to make investments, the program’s terms emphasize the importance of demonstrating appropriate financial health.

The candidate must demonstrate financial stability, get their income from lawful sources, and have a plan for investing in the program. It should be noted that no restrictions are imposed depending on the applicant’s nationality.

3. In terms of the investments to be made

A minimum investment of ARS1,500,000 is required in a local initiative involving commercial, productive, or service-related enterprise. A mandatory investment plan must be filed and approved by the Ministry of Industry and Tourism.

The finality of your application is determined by their decision. Once your plan has been approved, you must be able to demonstrate that you have made progress toward investment in order to apply for the visa.

4. Documents Required

Documentary proofs are highly valued as part of the due diligence process. A deluge of documents will be submitted for review by the authorities. These documents include a police clearance certificate from each country where you lived for less than a year in the previous three years, proof of residence, an original and certified copy of your marriage certificate (if applicable), an original and certified copy of your birth certificate, a statement of income and source of funds, an investment plan as required by the program, proof of business background, and a curriculum vitae. If your family members are included, you will be needed to produce supporting documentation.

5. Benefits provided by the program

The eventual citizenship that may be awarded after two years of permanent residency is, of course, a significant reward. However, there are numerous others to consider. These benefits include dual citizenship for family members, visa-free or visa-on-arrival travel to up to 154 countries, the right to live and work in Argentina, access to Argentina’s world-class education and healthcare systems, and a typically stable political and cultural climate.

Argentina is one of those countries with a solid global reputation for a variety of reasons. This program provides an easy approach to gain access to the perks associated with its reputation.

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