New CBI Program In Argentina: Pros And Cons Of Investing In The Land of Tango

Led by Javier Milei, Argentina has entered a new stage in which liberalism and free market are being prioritized. The government has been talking about implementing a citizenship by investment program for some months, and it has only been confirmed in the past few days.

The official launch date hasn't been announced, and the details have yet to be sorted out by the corresponding authorities. Nevertheless, at Mundo, we would like to explore the country’s pros and cons beforehand and give our readers a chance to compare Argentina against other alternatives.

New Migration Program In Argentina: Pros And Cons To Consider Before You Invest

Abundance Of Natural Resources

Across its over 2 million square kilometers, Argentina has a variety of landscapes and natural resources. It is a rich territory where agriculture plays a vital role, being the main producer of yerba mate, and one of the main soy, maize, and sunflower seed producers in the world. It's also worldwide known for its quality beef and meat, which constitutes one of its main agricultural exports.

Qualified Work Force And Culturally Advanced Country

When assessing whether to invest in Argentina, citizenship comes to mind, especially with this announcement. Yet, it's important to understand its people. Argentinians are famous for being culturally advanced and well-read and for having advanced talents both individually and collectively. While you won't find English being widely spoken in the streets, professionals speak it at excellent levels, especially in areas like services, finance, and hospitality.

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Breathtaking Nature And Inspiring Cities

Buenos Aires is a tourist magnet thanks to its cultural offer, rich architecture, and vibrant environment. It has often been regarded as the Latin American city with the most European feel. This is the place where Aristoteles Onassis chose to live, work, and make his fortune after he arrived in 1923.

Beyond the capital, the natural surroundings are among the most relevant in the world. You’ll find everything: beaches on the Atlantic coast, snow in Patagonia, and the Andes range. 

In this scenario, the country offers a vast array of opportunities, especially now. After choosing President Milei, Argentina has been open to international investment and business. 

Argentina Pros And Cons: Inflation

Even though it's a great country in many other aspects, Argentina is not the place where to put your money. For several years, it has been facing consistent economic challenges, reaching unprecedented inflation levels. Since Milei, Argentina has seen a decrease in inflation, and it recently reached its lowest monthly inflation rate since 2020. A ray of hope shines on the horizon for the Argentinian economy? We don’t know, but the history of the country must be factored into the equation. 

Political Instability

In Argentina, citizenship by investment is to be considered in the context of the local politics. This is probably the first thing to have in mind. The alternation between left and right-wing powers created an unstable political landscape. It's not uncommon to find protests or strikes, and the politics constantly shift between pro-business and statist policies. 

Great Alternative to Argentina Citizenship

Several miles north, there's a perfectly good alternative that has been offering residency by investment for years. This is Panama.

While it doesn't have a direct citizenship program, it compensates with an outstanding variety of residency opportunities. For investors, there's a move that grants you permanent or temporary residency depending on the minimum investment: the Reforestation Visa. Through this, you invest in a solid project that will bring you returns in approximately 25 years, making it ideal for long-term savings or for college payments. 

For those who prefer more immediate returns, there's always real estate, and with the minimum investment, you can purchase high-end units in the most elite complexes. 

Argentina Citizenship By Investment Or Panama Residency?

Today, we see Argentina as an opportunity for punctual endeavors but not for a permanent presence. Panama is more stable and better located on the map. It has become one of the main business hubs in the region, maintaining a stable economy and ongoing business-friendly policies.

Living in Panama, you can become a tax resident and arrange your affairs so that your taxable income is lowered. With the corresponding resident status, you won’t pay taxation on income derived abroad. 

All these advantages certainly make Panama more attractive for business, and residency more appealing than citizenship. Either way, the world of investment migration will probably be following Argentina up closely in the following weeks, waiting to hear the program’s details.

Disclaimer: this article is published to show a general picture of the programs, but not to describe them in detail. Hence, this article doesn't constitute a migration or investment consultation. Before applying for a residency or citizenship program, make sure to ask for expert advice.

Milei, Argentina And A New Window Of Opportunity

While we wait and see what happens in the southern country, Mundo is ready to open the doors for you to reach your second nationality. When it comes to residency, we recommend Panama for its ample array of choices.

We help international investors establish their companies, open their bank accounts across different jurisdictions, acquire property, and protect their wealth through trusts. Also, you can reach out to us if you're interested in family office services. Our experts will love to hear from you. 

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