Cheap Residency by investment and fast Passport

Big Boys Life

11 Jul 202412:05

Summary

TLDRThis video introduces an exciting opportunity to obtain residency and citizenship in Argentina with a minimal investment of just $1,700 USD (about INR 1.5 lakhs). Argentina offers a strong passport with visa-free access to Europe and other regions after staying for two years. The video explains how you can start a small business or apply for a retirement visa to gain residency. Argentina's economic growth, affordable cost of living, and ease of acquiring citizenship make it an appealing option for those seeking new opportunities. It also highlights the process of finding legal help and the requirements, like learning Spanish.

Takeaways

🌍 There is a country where you only need $1,700 USD to invest and qualify for residency.
🛂 After living for two years, you can apply for a passport, which provides visa-free access to the Schengen Zone and the entire European Union, including the UK.
🇦🇷 The country in question is Argentina, which offers this residency opportunity for a very low investment.
💼 You can start any small business, such as a restaurant or digital marketing company, to apply for residency.
📜 After two years, residents can apply for nationality, provided they have Spanish language proficiency.
💡 If you have a fixed income (like $300 per month from rent or pension), you can apply for a special visa called 'rentista visa' to stay in Argentina.
🛳️ Argentina is attractive for digital nomads due to its affordable living costs and strong international community.
🏠 Rental costs in Argentina are not too high, making it feasible to live there comfortably even with low income.
⚠️ Argentine nationality cannot be renounced once acquired, but Argentina allows for multiple nationalities.
⚽ Argentina, known for its football culture and pleasant climate, offers a quality lifestyle similar to Europe.

Q & A

What is the minimum investment required to apply for residency in Argentina?
-The minimum investment required to apply for residency in Argentina is 1,700 USD, which is approximately 1.5 lakh INR.
What benefits does Argentina's passport offer after obtaining residency?
-Argentina's passport allows visa-free travel across Europe, including the Schengen Zone and the UK.
How long do you need to stay in Argentina before applying for citizenship?
-You need to stay in Argentina for two years before applying for citizenship.
What types of businesses can you start in Argentina with the minimum investment?
-You can start any small business, such as a restaurant, shop, or digital marketing company, with the minimum investment.
Can you apply for residency in Argentina without starting a business?
-Yes, you can apply for a rentista visa, which requires proof of a fixed income of at least $300 per month.
Do you need to learn Spanish to obtain Argentine citizenship?
-Yes, you need to demonstrate proficiency in Spanish and obtain a certification before applying for citizenship.
What is unique about Argentina's nationality laws?
-Once you acquire Argentina's nationality, you cannot renounce it, making it a permanent citizenship.
Does Argentina allow dual or multiple citizenships?
-Yes, Argentina allows multiple citizenships, so you can hold other nationalities alongside Argentine citizenship.
What are the possible fees for hiring a lawyer to assist with the residency process in Argentina?
-The fees for hiring a lawyer can range from 3,000 to 20,000 USD, depending on the quality of service and the lawyer’s reputation.
Can having a child or getting married in Argentina expedite the citizenship process?
-Yes, if you have a child born in Argentina or marry an Argentine citizen, you can apply for citizenship immediately without waiting two years.

Outlines

00:00

🌍 Low-Cost Investment and Residency in Argentina

The speaker introduces the concept of obtaining residency in Argentina by starting a business with a minimal investment of $1,700 (around 1.5 lakh INR). This affordable opportunity allows investors to apply for citizenship after living in Argentina for two years. With this passport, you can travel visa-free to Europe and other Schengen areas. The speaker emphasizes that the process is simple, and Argentina offers a strong passport for global mobility.

05:02

📚 Requirements for Citizenship and Spanish Proficiency

To qualify for Argentine citizenship, one must live in the country for two years and learn basic Spanish. The speaker stresses that proficiency in Spanish is not too difficult to achieve, requiring only a school-level understanding. After two years of residency and learning the language, individuals become eligible to apply for a passport. The speaker also mentions that there is no need for complicated steps like marriage, childbirth, or large investments to qualify.

10:02

🇦🇷 Exploring Argentina’s Opportunities and Flexibility

Argentina offers multiple ways to obtain residency, such as through business investment, student visas, or a special rentista visa for individuals with a stable monthly income of $300. This visa allows couples and families to live in Argentina while working toward citizenship. The speaker highlights the appeal of Argentina’s climate, international community, and reasonable cost of living, presenting the country as an ideal destination for those seeking a new start.

⚠️ Argentina's Irrevocable Nationality Rule and Benefits

While Argentina offers many advantages, the speaker notes a unique condition: once granted, Argentine nationality cannot be renounced. However, Argentina allows dual citizenship, which is beneficial for those wanting to maintain their original nationality. The speaker also points out that many Argentine citizens easily obtain additional citizenship, such as in Spain, making it a strategic option for global mobility.

💡 Final Thoughts and Legal Advice

The speaker concludes by advising viewers to thoroughly research and seek legal counsel before proceeding with residency applications in Argentina. While the information provided aims to educate, it is not a formal consultation. The video emphasizes that Argentina offers a rare and valuable opportunity for residency and citizenship, but professional guidance is recommended. The speaker encourages feedback and engagement from the audience.

Mindmap

Keywords

💡Investment

In the context of the video, investment refers to the minimum amount of capital ($1700 USD) required to start a business in Argentina, which can lead to obtaining residency and eventually citizenship. The speaker emphasizes that a small investment can open up opportunities for people looking for residency in a foreign country with a strong passport.

💡Residency

Residency in this video refers to the legal permission to live in Argentina after making a minimum investment or fulfilling other requirements such as showing a stable income. The video explains how residency can be obtained through starting a business or applying for a rentista visa, with the opportunity to later apply for nationality and a passport.

💡Passport

The Argentine passport is described as 'strong' due to its visa-free access to many countries, including the entire Schengen Area in Europe. The speaker highlights how, after living in Argentina for two years, one can apply for this passport, offering significant travel freedom and international benefits.

💡Rentista Visa

The rentista visa is a visa option mentioned in the video, which allows individuals with a fixed monthly income (such as rental income or a pension) to apply for residency in Argentina. The speaker discusses how a couple with a monthly income of $300 USD can qualify for this visa, making it a viable option for those without a business but with steady financial resources.

💡Nationality

In this context, nationality refers to the process of becoming a legal citizen of Argentina after fulfilling residency requirements. The speaker explains that after two years of continuous residency, whether on a temporary residency (TRP) or permanent residency (PR), one can apply for Argentine nationality and obtain its passport.

💡Spanish Proficiency

To obtain Argentine nationality, one must demonstrate proficiency in the Spanish language. The video explains that this is a simple requirement, where even basic school-level knowledge of Spanish is enough to qualify. Learning Spanish during the two-year residency period is encouraged to meet this criterion.

💡Business

The video encourages viewers to consider starting a small business in Argentina as a pathway to residency. Various types of businesses are mentioned, such as opening a restaurant, shop, or digital marketing company, with the minimum investment set at $1700 USD. This investment qualifies the individual for residency, which can later lead to citizenship.

💡Economic Opportunity

The video positions Argentina as a country with economic opportunities due to its devalued currency, making it affordable to invest in. It also notes that the economy is strengthening, which can benefit potential business owners. Argentina's improving economic conditions make it an attractive option for those looking to establish a business with minimal capital.

💡Visa-Free Travel

The Argentine passport offers visa-free travel to many countries, especially within Europe’s Schengen Zone. The video emphasizes this benefit, explaining how obtaining Argentine nationality grants holders the ability to travel freely across Europe and other regions without needing a visa, making it a highly attractive option for global mobility.

💡Legal Process

The legal process in Argentina, as explained in the video, involves obtaining residency either through investment or income proof and eventually applying for nationality after two years. The speaker advises hiring a good lawyer to handle the paperwork and legal formalities for smoother processing, emphasizing that personal effort and research are key in navigating these steps.

Highlights

In Argentina, you can start a business and gain residency with just $1,700 USD in investment, which is significantly low compared to other countries.

After two years of residency in Argentina, you are eligible to apply for citizenship and receive a strong passport, allowing visa-free travel in the Schengen zone and other regions.

Argentina's passport offers visa-free access to the entire European Union, including countries like France, Germany, and Switzerland.

In addition to business, Argentina offers a 'Rentista Visa' for those with a steady monthly income of $300 USD, which can come from rent, pensions, or other regular sources.

Starting a small business in Argentina, such as a restaurant or digital marketing company, can qualify you for residency and, later, citizenship.

For those who gain residency, the ability to apply for Argentine citizenship after two years, without the need for marriage or childbirth in the country, is a significant advantage.

Spanish language proficiency is required when applying for Argentine citizenship, but the certification process is relatively easy and can be completed within the two-year residency period.

Argentina allows for dual and multiple citizenships, so you do not have to renounce your current nationality when becoming an Argentine citizen.

Argentina is part of the Mercosur bloc, providing additional regional benefits similar to the European Union for its citizens.

Argentina is not just an affordable destination, but also offers a European-like climate with snow and even penguins in some regions.

Digital nomads and international communities are prevalent in Argentina, making it an attractive destination for remote workers.

Argentina’s economy is strengthening, making it a great time for entrepreneurs to start businesses with less initial capital.

Residency options in Argentina extend to students, meaning those coming to learn the Spanish language can also benefit from residency and citizenship after two years.

Lawyers in Argentina typically charge between $3,000 and $20,000 USD for helping with residency and citizenship processes, depending on the quality of service.

Argentina is one of the few countries where renouncing citizenship is not possible once obtained.