Argentina's New Citizenship by Investment Plan: A Boon for Investors or a Controversial Move?

Argentina to Launch New Agency for Citizenship by Investment Argentina is set to establish a new agency to grant citizenship to foreign investors, a move that has generated significant debate. The initiative, part of a broader migratory reform under President Javier Milei's administration, aims to attract foreign investment and bolster the country's economy. The agency will operate within the Ministry of Economy, centralizing the citizenship application process. According to government sources, "This new agency will ensure a more efficient and transparent system for evaluating investment projects and granting citizenship." The plan also introduces a new expulsion process for foreigners with criminal records, regardless of the crime's severity. This measure aims to deter illegal activity and maintain the integrity of the citizenship process. Critics argue that the initiative might favor wealthy individuals over those seeking refuge or contributing to society through other means. The government insists the new system will create economic opportunities and improve the country's image as an attractive investment destination. The decree is expected to be finalized in the coming days, and the agency's operations are anticipated to begin shortly after. This development will be closely watched by investors and immigration experts alike.