Source: Fortune
Summary
Nuri Katz, founder of Apex Capital Partners, predicts that Argentina’s new citizenship-by-investment program will become a status symbol for wealthy Americans. The program, announced by Economy Minister Luis Caputo, offers two routes: a $350,000 contribution or an $800,000 investment in a government security. Katz, who has advised on similar programs in Antigua and Cyprus, said the program would attract high-net-worth individuals seeking jurisdictional diversification. A survey by Apex found 61% of Americans with incomes over $200,000 would consider leaving the U.S. within five years, citing cost of living and taxes as top concerns.
Our Reading
The numbers tell one story.
Katz says wealthy Americans will be embarrassed without an Argentina passport.
The program offers two paths: cash or bonds, with no details on returns.
Applications open in late 2026, but the government has not explained the bond terms.
The pitch is about safety, business, and avoiding U.S. risks.
Author: Evan Null
The Design
The citizenship-by-investment program has two options: a $350,000 non-refundable contribution for an individual, or an $800,000 investment in a government bond. The bond’s terms, including maturity and yield, are not disclosed. Applications will be reviewed by multiple government agencies, including the State Intelligence Secretariat and the Financial Information Unit. The National Directorate of Migration makes the final decision. The program is part of a broader effort by Argentina’s government to attract foreign capital.
The Pitch
Katz claims Argentina is the first G20 country to offer such a program, positioning it as a safe haven and business opportunity. He argues that wealthy Americans are seeking alternatives due to high costs and political instability in the U.S. His firm, Apex Capital Partners, has advised on similar programs in Antigua and Cyprus. The firm also conducted a survey showing that 61% of high-income Americans would consider leaving the U.S. within five years.
The Survey
The survey, which included 1,733 Americans with household incomes over $200,000, found that 68% cited cost of living and taxes as the main reasons for wanting to move. Political climate and taxes were also significant factors. Europe was the top destination, followed by Canada and the Caribbean. The survey measured intent, not actual movement. Katz argues that the U.S. is at risk of inflation or default, and that wealthy Americans are too concentrated in dollar assets.
The Background
Katz, born in the U.S. and raised in Montreal, moved to Moscow in 1990. He now lives in Antigua and has experience in global citizenship programs. He has warned about the dangers of hyperinflation, based on his personal experience. His firm, Apex Capital Partners, is part of a group of five investment-migration firms that advised the Argentine government on the program. The program is seen as a way for Argentina to attract foreign capital and reduce its debt burden.
The Context
Argentina is one of the few countries in South America offering a citizenship-by-investment program. The program is part of a broader trend in which countries use golden passports to attract foreign investment. Similar programs exist in the Caribbean, Europe, and the Middle East. Argentina’s program is expected to be popular among high-net-worth individuals looking for alternative jurisdictions. The government has not provided details on how the program will be managed or how it will benefit the economy.
