Invest in Argentina? The South American Country Might Be the Next Hot Expat Destination In LATAM

Lately, Javier Milei, Argentina, and the changes that the country is undergoing have made the news. Things seem to be changing and paving the way for Argentina to become a hub for international business. Is this a good time to invest in Argentina? Is Argentina for expats suddenly getting interesting? These are interesting questions to delve into in this article. 

President Javier Milei: Argentina for Expats?

Nobody can deny that the country has had bad press. Inflation in Argentina has been the worst for decades, and issues like social unrest and criminal activity raised concerns, but how bad is the problem really?

To tell the truth, criminal activity is mostly found on the outskirts of the city. If you take precautions, move within places you know, and watch your stuff, or hire security, you can live a normal life like anywhere else. When it comes to inflation in Argentina, it is quite a problem, yet the inflation curve has been considerably flattened in the past two years.

Nevertheless, now is the ideal time to purchase distressed assets since real estate prices decreased due to high demand and low purchasing power. In the long run, it wouldn't hurt to own an apartment in Buenos Aires. If you want to take a few days to visit the Colón Theatre or La Boca, you have a place to crash, and you can rent it the rest of the time.

Invest in Argentina: Is Citizenship an Option?

When we discuss citizenship by investment programs, we go to the most solid players, for example, Saint Kitts and Nevis, whose program has been standing for 40 years. Moreover, it is more committed than ever to innovation and transparency.

Saint Kitts and Nevis is not alone in this. Four other neighboring countries in the Eastern Caribbean offer similar programs. In the opposite corner of the world, we find Vanuatu, an island in the Pacific offering an outstanding alternative of applying to citizenship through donation, while the above-mentioned programs have both the donation and real estate paths.

In Panama, there's no citizenship by investment, but there are valuable residency programs. If you have a lifetime pension and you can prove it, you can access a retiree visa, which gives you full residency rights except for a work permit.

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For investors, the Qualified Investors Visa grants residency eligibility through a $300,000 investment in real estate. If you're willing to invest more, you can choose the stock market or make a fixed deposit. 

The biggest advantage of a qualified investor is that it offers immediate permanent residency, but if you want to pay less and are willing to wait a few years, there's also a Reforestation Visa. By purchasing land where to plant teak trees, you can obtain a 2-year residency, which can become permanent later on. In this case, the minimum investment is $100,000.

Javier Milei, Argentina, and Citizenship by Investment

When it comes to the land of tango, it seems that the government may be looking to reward those who invest in Argentina through a citizenship by investment program. This initiative comes in the context of significant reforms to the migration law through a decree by the executive government. Thanks to Javier Milei, Argentina seems to be entering a new stage.

Argentina for Expats: Tightening Conditions and Fighting Irregularities

According to this decree, there will be tighter requirements for foreigners wanting to enter the country, and migratory controls will be strengthened. Furthermore, foreigners won't have access to free education or free health services except in case of emergencies. 

Only permanent residents will have access to the public health system in the same way as any citizen. Regarding education, basic levels like primary and secondary will be free for all foreigners regardless of their migration status. However, higher education can establish fees for foreigners without permanent residency.

Argentina for Expats Who Are Willing to Invest

For those who want to invest in Argentina, they can apply to citizenship by investing in certain types of projects with a minimum of $500,000. Projects will have to be government-approved, and they must help promote job creation and economic development.

Even though inflation in Argentina has been an issue, and even with the tumultuous political history, Argentinian citizens can travel and stay in several countries across the world. This type of flexibility is not that easily found and can be a coveted asset for those who would like to invest in Argentina.

Disclaimer: This article is published for informational purposes only; therefore, it doesn't constitute legal advice. This article doesn't take a position on the migration reforms established in Argentina. Before applying for citizenship by investment, consult with a certified professional.

Argentina for Expats Might Be Opening Up

Today, there's nothing certain about Javier Milei, Argentina, and the possible citizenship by investment program. However, Mundo can help you obtain residency in Panama or citizenship in other countries.

In Panama, for example, the combination of cost-effective luxury real estate developments and the possibility of immediate permanent residency is not to be dismissed. That’s why we recommend you browse through our site and contact us for more details. 

We are an online publication dedicated to services for the perpetual traveler and global investor. Our main topics are banking abroad, company incorporation, asset protection through foundations and trusts, real estate investment in Panama, and economic migration. We are here for you in case you want to establish any of these structures. Just click the button below and contact us.

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