Argentina to sell citizenship to foreigners for US$350,000 to raise dollars

AI Summary

Argentina has proposed a citizenship-by-investment programme offering citizenship to foreign applicants who contribute US$350,000 to the Treasury or buy US$800,000 in a seven-year government bond. The government says applications are expected to open before year-end as it seeks to raise dollars.

Argentina's government has unveiled a citizenship-by-investment programme that will allow foreigners to obtain an Argentine passport in exchange for a non-refundable US$350,000 contribution to the Treasury or the purchase of US$800,000 in a seven-year government bond. Applications would open before the end of the year.