Argentina courts billionaire migration with citizenship incentives as Thiel relocates

1 min read
Source: Yahoo Finance
Argentina courts billionaire migration with citizenship incentives as Thiel relocates
Photo: Yahoo Finance
TL;DR

Fortune reports that Peter Thiel relocated to Buenos Aires this summer as Argentina bets on citizenship-by-investment to lure ultra-wealthy migrants, offering citizenship in exchange for a donation or government bonds and promising Mercosur rights; advisors say the plan could turn Argentina into a serious player in wealth migration, but whether the wealth tide translates into durable capital remains uncertain.

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