Argentina's investor residence route for British citizens

A British buyer of an Argentine flat does not gain an investor visa with the keys. Argentina's investor category grants temporary residence for a productive, commercial or services project of interest to the country under article 23 of Migration Law 25.871 and article 23(d) of Decree 616/2010. The decree prints a minimum of ARS 1.5 million. That nominal 2010 figure is not a realistic project budget, and Migraciones judges the project, its funding and whether it can operate.

Citizenship is a separate matter. On 2 October 2026 Argentina announced a Citizenship by Investment Program for a US$350,000 contribution to the Treasury or a bond of US$800,000, with applications expected to open in the fourth quarter of 2026. It needs no business project and it is not investor residence, and holding investor residence does not convert into it. As of 4 October 2026 the amounts are announced but the implementing rules are not yet published. Our citizenship by investment guide for UK citizens covers the costs, the vetting and the court challenge to the decree beneath it. The project-based residence category described here is the investor route with a published substantive test.

The business case carries the application

Article 23(d) of the decree requires a productive, commercial or services investment of at least ARS 1.5 million that is of interest to Argentina. The applicant submits a project to Migraciones, establishes the lawful origin of the funds and shows that they entered through a bank or financial institution authorised by the Central Bank. The industry ministry named in the decree reviews the nature of the investment, its legal viability and its economic and financial sustainability. Migraciones decides on temporary residence and sets a binding deadline to carry out the investment.

The decree prints ARS 1.5 million as a nominal 2010 figure, and no instrument found has updated it. It is not a guide to the cost of opening a business, and no dollar figure is a universal threshold: Migraciones judges the project, so the operating budget has to match the activity being proposed.

The official trámite pages label the investor category separately for MERCOSUR and associated-country nationals and for everyone else, so read the version that applies to a British passport. Confirm the filing channel and evidence list with Migraciones before funds are transferred or a non-refundable premises lease is signed.

Passive money belongs to a different route

An investor application follows what the applicant will do in Argentina with the capital. Rent from UK property, dividends or interest from personally owned overseas assets instead point towards *rentista* residence; a remote job for overseas clients may fit the digital nomad authorisation. The routes have different consequences for working locally and for length of stay.

Premises that a genuine operating business needs may be part of its project costs, but no official source reviewed treats buying a home, or holding bank deposits or securities, as an investor-residence qualification. A private home or passive portfolio gives Migraciones no operating project to assess.

What the project file needs to explain

A useful business case connects the planned activity, customers, location and start date with an itemised capital budget and a 12-to-24-month cash-flow forecast. Premises, equipment and supplier quotations show what the funds will buy; staffing and the necessary municipal or sector approvals show how the operation would begin. Where the work depends on the applicant's qualifications or experience, those belong in the file too.

The source-of-funds trail is equally important. Bank statements, tax returns, a sale contract, inheritance evidence or company distributions can establish where material sums came from; the sender, recipient and purpose of a regulated transfer should match the project dossier. A balance in a UK account without a documented history says much less than a clear path from earnings or a sale to the Argentine business.

Personal documents form another part of the application. A British applicant normally needs a valid passport and the criminal-record evidence specified by the current filing checklist, as well as any required civil documents. A UK certificate for Argentine use needs an FCDO apostille and Spanish translation by an Argentine *traductor público*, whose signature is legalised. The checklist determines the required look-back period, so ordering certificates too early can waste their usable life. The pre-move paperwork checklist and ACRO police certificate guide explain the UK document sequence.

A company is a vehicle for the project

A *Sociedad por Acciones Simplificada* (SAS) can suit a small operating venture; a *Sociedad de Responsabilidad Limitada* (SRL) may fit a multi-owner business better. The choice depends on governance, tax and licensing as well as the planned activity, with an Argentine accountant and corporate lawyer able to assess the structure. Incorporation itself does not approve residence.

Under Law 27.349 article 40, SAS share capital on incorporation must be at least two national minimum wages, about ARS 768,000 (US$505) in September 2026. One quarter of a cash contribution is due at subscription, with the balance due within two years under article 41. That company-law minimum, the decree's ARS 1.5 million investor figure and the money a functioning business needs are three separate amounts.

At least one SAS administrator needs a real Argentine domicile. A foreign administrator needs the applicable tax ID, a representative and an Argentine notice address. Registration can use Trámites a Distancia (TAD) where the jurisdiction supports it, but banking, beneficial-owner checks, tax registration and sector permissions have their own timetables; a promise of automatic 24-hour formation cannot settle them. The CUIT and clave fiscal guide deals with the tax identifiers.

Filing costs are small beside project costs

The sensible sequence begins with the business: its legal form, tax treatment, licences, banking and capital requirements. Then the applicant assembles matching passport and civil records, criminal-record evidence, FCDO apostilles and accepted translations. The source-of-funds chain should be documented before a transfer, with SWIFT messages, exchange receipts, bank statements and invoices kept as money enters and is used in Argentina. Currency controls for individuals ended in April 2025; the regulated transfer trail remains important evidence.

The entity and CDI or CUIT tax identifiers follow where the structure calls for them. The September 2026 temporary-residence filing fee for a non-MERCOSUR applicant is 100 UMSM, or ARS 100,000 (about US$66), with 1 UMSM equal to ARS 1,000. An optional preferential appointment adds 50 UMSM, ARS 50,000 (about US$33). Filing at a consulate abroad costs 600 consular units for a non-MERCOSUR national. The first DNI is ARS 20,000 (about US$13), and can arrive roughly two to six weeks after approval; apostilles, translations, incorporation and professional advice cost extra.

There is no dependable published processing time for an investor application. The ministry's project review and any *requerimiento*, a formal request for further evidence, can extend it. After filing, records of capital deployed, invoices, payroll and licences help show that the business matches the approved plan and its investment deadline.

An engineering project puts the figures in context

Suppose a British maintenance engineer plans a company serving Argentine food-processing plants. Her illustrative US$40,000 budget equals ARS 60.8 million at the September 2026 rate: US$18,000 for testing equipment, US$8,000 for premises and installation, US$9,000 for six months of working capital and US$5,000 for licensing, insurance and contingency. The budget relates to this particular activity; it is not an official minimum.

Supplier quotations and a cash-flow forecast connect the expenditure to the work. A UK business-sale record explains the origin of the money, the bank trail shows its passage to the Argentine company account, and the file identifies a local administrator and municipal permissions. By comparison, a dormant SAS or an unexplained US$40,000 balance would leave the operating plan unanswered. The same amount spent on a personal flat would produce a home, not investor residence.

Residence and citizenship follow their own timelines

Investor temporary residence is a legal residence category, with further status governed by separate rules. It is not a step towards the Citizenship by Investment Program, which is a separate naturalisation route and not a residence category. A non-MERCOSUR national generally looks towards permanent residence after three years of qualifying temporary residence. Under Law 346 article 2, ordinary naturalisation requires two years of continuous legal residence without a trip abroad during that period; Migraciones grants the *carta de naturalización*, although courts have questioned that transfer of power from the federal judges and the decree is under challenge (see the two-year citizenship guide). Immigration and Argentine tax residence have different tests, so business remuneration and continuing UK interests deserve separate modelling under the Argentina tax-residency guide.

For citizenship by investment, applications go to the Agencia de Programas de Ciudadanía por Inversión. Decree 524/2025 sets a decision by Migraciones within 30 working days after the agency's report, not 30 days from first application. The announced options are the US$350,000 contribution and the US$800,000 bond, but as of 4 October 2026 the implementing rules are not yet published, and the Cámara Nacional Electoral declared the decree beneath the programme null in the Yang case on 30 June 2026, with lawyers disagreeing on the ruling's scope and the Supreme Court yet to rule. An investor with a business to run can still plan against the published residence test. The citizenship programme is a different decision with a different risk profile. For advice on that route, we recommend Lucero Legal's citizenship by investment guide.

Choosing premises for the project

Before committing project funds, compare commercial office leases, serviced offices and company addresses, and, for goods-based work, small-business warehouse checks. You can look for non-residential premises on PlataStar once the intended activity, contracting entity and access requirements are clear.