Will Argentina’s citizenship scheme lure property buyers from mainland China and Hong Kong?
Successful applicants can also access Mercosur, a bloc of economies including Brazil, Paraguay, Uruguay and Bolivia that promotes free trade
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Argentina is the latest country seeking to lure investors with an investment-for-citizenship programme, providing another residency and diversification option for the wealthy, including those from mainland China and Hong Kong, according to analysts.
Buenos Aires in October announced two principal investment routes for applicants. One is a US$350,000 non-refundable contribution to the National Treasury and a subscription to a US$800,000 government bond created specifically for the programme, according to migration consultancy Henley & Partners.
The Argentine government said it would start accepting applications for the scheme this quarter.
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