ARGENTINA Trends and Developments Contributed by: Julieta Tula and Herberto Robinson, McEWAN
tax residence analysis typically drives – rather than fol - lows – every other decision. For advisers, the relevant question is rarely whether Argentina is attractive in the abstract; it is what risk a particular family is trying to solve, and whether this programme is genuinely suited to solving it. Argentina may offer genuine opportunity, lifestyle and optionality, but for high net worth families, optionality only has value once it has been properly structured. In times of geopolitical uncertainty, the role of advis - ers is not to sell destinations; it is to help families understand consequences, compare risks accurately, and reach decisions that remain coherent over time. Argentina should not, for that reason, be presented to clients simply as a “golden visa” opportunity.
Argentina’s citizenship-by-investment programme, in this sense, appears to open the door to foreign capital in line with the Milei government’s broader objectives of deregulation and international integration, project - ing an image of stability and predictability for those who take it up. Whether that image holds once the implementing regulations are formalised remains to be seen. For now, the programme should be treated as a significant development to monitor – one component of a broader global mobility and family wealth planning strategy – rather than a settled route on which clients can already rely.
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