Argentina's new CBI program - Any Disadvantages?
Hello,
My current passport (Middle East) is avarage: visa-free to around 120 countries, but not the EU or UK, which is where most of the friction is.
From what I've seen, Argentina's recently announced citizenship-by-investment program looks like the strongest option available right now. It isn't cheap, but budget isn't the constraint however taxation is important. I'm 36 with a net worth of $30M+ and my business is still going well making about $6M annual net profit.
Has anyone here looked into this CBI seriously? My main concern is tax. I live in Dubai, where the only tax I pay is UAE corporate tax and I don't want to create any tax residency, wealth-tax exposure, or reporting obligations in Argentina simply by holding the passport.
Any suggestions or first-hand experience would be appreciated, anything about tax or any other aspects.