Argentina confirms untendered consortium advises on CBI

Argentina's Economy Ministry has confirmed for the first time that an outside consortium called AMIGO (Argentina Mobility for Investment and Global Opportunity Limited) is advising the government on the design of its citizenship-by-investment (CBI) programme without a public tender, Perfil reported on 25 October.

In a statement sent to Perfil after its 17 October report on hotelier Patricio Fuks, a friend of President Javier Milei who introduced one of the foreign consultancies in November 2024, Economy Minister Luis Caputo's office said AMIGO gives technical support to the Citizenship by Investment Programmes Agency (APCI) "at no cost to the Argentine State". Officials had earlier said only that there was no contract, and the 15 May cooperation text remains unpublished.

The ministry said the group's role is strictly technical, and that once live, APCI will lead applicant vetting with state security and intelligence bodies, including the Financial Intelligence Unit (UIF) and the Security Ministry, while the National Migration Directorate alone will grant or refuse citizenship under Decree 524/2025.

The statement skipped the December 2025 tender annulled on 14 April under Resolution 522/2026—which foresaw up to 5,000 approvals worth US$1.75 billion at the US$350,000 threshold (as of 25 October 2026, per Perfil)—and whether the advisers may later act as paid intermediaries. As of 7 October 2026, the announced terms are a US$350,000 Treasury contribution (US$500,000 for a family of four) or a US$800,000 bond, and the scheme is not yet open.