Debt-saddled Argentina pitches 'golden passport' scheme to woo wealthy foreigners
- As an attempt to curb Argentina's debt, President Javier Milei announced a plan to give out passports to wealthy foreigners for cash or investments.
- Economy Minister Luis Caputo unveiled the so-called "golden passport" scheme at an investor event in Paris, saying applications are expected to open before the end of the year.
- Applicants have two options: make a nonrefundable €311,000 contribution to the Argentine Treasury or invest €711,000 in a new government bond that must be held for seven years.
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- As an attempt to curb Argentina's debt, President Javier Milei announced a plan to give out passports to wealthy foreigners for cash or investments.
- Economy Minister Luis Caputo unveiled the so-called "golden passport" scheme at an investor event in Paris, saying applications are expected to open before the end of the year.
- Applicants have two options: make a nonrefundable €311,000 contribution to the Argentine Treasury or invest €711,000 in a new government bond that must be held for seven years.
Sources: Euronews