
For over a decade, the Caribbean nations dominated the global citizenship-by-investment landscape. Programs in St. Kitts & Nevis, Dominica, Grenada, and others offered investors fast, affordable second passports with minimal residency requirements.
But as global mobility trends shift and regulatory scrutiny increases, a new player has entered the field - Argentina. Under Decree 524/2025, Argentina has officially announced the creation of its Citizenship by Investment (CBI) program, signaling a major transformation in the investment migration market.
So, how does Argentina compare to the long-established Caribbean programs? And which is the better choice for investors seeking global mobility, legitimacy, and long-term value in 2025 and beyond?
Let’s break it down.
The Caribbean Citizenship by Investment (CBI) model has set the global standard since the 1980s. Programs like St. Kitts & Nevis (the oldest in the world), Dominica, Grenada, St. Lucia, and Antigua & Barbuda have collectively granted citizenship to tens of thousands of global investors.
These programs became popular for one key reason: efficiency. For an investment between USD 200,000 and USD 300,000, investors could secure a new passport within a few months, often without setting foot in the country. Benefits included:
However, the CBI landscape in 2025 looks different. The European Union and the UK have tightened scrutiny on Caribbean passports, citing due diligence and security concerns. Some programs face potential restrictions on Schengen access, and new compliance rules have increased application complexity.
While the Caribbean remains a viable option, its future stability is less certain than it once was.
In July 2025, President Javier Milei signed Decree 524/2025, establishing Argentina’s long-awaited Citizenship by Investment Program. A groundbreaking initiative that opens direct citizenship to foreign investors for the first time.
Under this decree, qualified applicants will be able to obtain full Argentine citizenship without the traditional multi-year residency requirement, through an approved investment in the country’s economic development sectors.
This structure positions Argentina as a modern, G20-aligned alternative to the Caribbean model, one that offers greater legitimacy, economic depth, and long-term global advantages.
Data current as of 2025. Argentina’s final investment tiers and technical regulations pending official release.
Argentina’s Passport by Investment ranks among the top 20 globally, offering visa-free or visa-on-arrival access to over 172 destinations, including the Schengen Area, UK, Ireland, Japan, and most of Asia.
In contrast, Caribbean passports generally offer access to around 140–155 destinations — but with the EU currently reviewing visa exemptions, future access could tighten further.
Additionally, Argentina is actively negotiating to rejoin the U.S. Visa Waiver Program, which would allow citizens visa-free entry to the United States for up to 90 days. A privilege no Caribbean passport currently enjoys.
While Caribbean programs are often criticized as “passport sales,” Argentina’s CBI is being structured as a nation-building investment framework, managed directly by the Ministry of Economy through the new Agency for Citizenship by Investment Programs.
Investments are expected to target key sectors that promote job creation and technological innovation, offering tangible economic impact, not just donations to a government fund.
This gives the Argentine model far greater credibility and sustainability in the eyes of international regulators, financial institutions, and investors.
Unlike Caribbean nations, Argentina is a full member of Mercosur, South America’s regional bloc. Argentine citizens enjoy freedom of movement, residence, and employment rights across Mercosur member states, including Brazil, Uruguay, Paraguay.
This offers investors not just a passport, but an entire regional market to live, work, and invest in.
Under Decree 524/2025, Argentine authorities are legally required to issue a decision within 30 business days once a complete application is submitted.
If implemented as stated, this would make Argentina’s CBI program the fastest citizenship process in the world, ahead of all Caribbean counterparts.
Argentina applies taxation based on residency, not citizenship. This means that citizens who live abroad are not taxed on their foreign-sourced income, offering the same financial flexibility as Caribbean programs. But with the added benefit of a globally respected G20 passport.
The Caribbean citizenship programs paved the way for the global investment migration industry. But as international standards tighten and investor expectations evolve, Argentina’s entry signals a new chapter.
If Argentina successfully finalizes its program with:
…it will instantly position itself as one of the most competitive citizenship-by-investment programs in the world.
Argentina could become the next global citizenship hub, combining legitimacy, speed, and global reach.
In short:
The Caribbean defined the past decade of CBI.
Argentina could define the next.
1. Will Argentina’s program compete directly with the Caribbean?
Yes. Argentina’s Citizenship by Investment framework introduces a higher-tier alternative designed for investors seeking global credibility, fast processing, and deeper regional benefits.
2. Is Argentina’s passport stronger than Caribbean passports?
In terms of visa-free access, Argentina’s passport currently offers broader coverage (172+ destinations) and stronger bilateral relationships, especially within South America and Europe.
3. When will the Argentina Citizenship by Investment program open for applications?
Official applications are expected to open in late 2025 or early 2026, following the release of final implementation guidelines under Decree 524/2025.
4. Will I be able to keep my current citizenship?
Yes. Argentina recognizes dual citizenship, allowing investors to retain their original nationality.
5. What are the main benefits of choosing Argentina over the Caribbean?
Stronger passport power, regional mobility via Mercosur, potential U.S. visa waiver access, faster processing, and alignment with global investment standards.
Argentina’s Citizenship by Investment program represents one of the most significant new opportunities in the global residency and citizenship industry in over a decade.
Investors who act early will be best positioned to secure priority access once applications officially open.
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