Argentina's government has unveiled a "golden passport" programme under which foreigners can gain citizenship by making a non-refundable US$350,000 payment to the Treasury or buying US$800,000 of a seven-year government bond, with applications expected to open before the end of the year. Economy Minister Luis Caputo announced it as President Javier Milei's government seeks foreign currency ahead of heavy dollar debt repayments due in 2027, though critics and watchdogs warn such schemes are open to corruption and money laundering, and the EU's top court ruled Malta's programme unlawful in 2025. Caputo says intelligence and financial agencies will vet applicants, and advisers estimate the scheme could raise up to US$2.5 billion, which would make Argentina the first South American country to offer citizenship for investment.