Palantir co-founder Peter Thiel made headlines when he decided to relocate with his family to Buenos Aires earlier this summer, purchasing a mansion in an exclusive neighborhood and meeting with President Javier Milei and senior government officials.
The sheer scale of the plan is what sets it apart from anything the citizenship-by-investment industry has tried before, according to Nuri Katz, the founder of Apex Capital Partners, who said he has spent considerable time in Argentina and is aware of the government’s processes.
“This is a country of over 40 million people, and the opportunities, the business opportunities that are available in Argentina are endless,” he told Fortune. The largest countries to previously offer citizenship for investment—Montenegro and Malta—are small nations by comparison, he noted.
Katz pointed to several selling points for wealthy investors. The country sits on Vaca Muerta, one of the world’s largest shale oil and gas formations, which has been geologically compared to the Eagle Ford shale in South Texas by experts, alongside major lithium, gold, silver, soy, corn, beef, and wheat industries. He cited the roughly $22 billion a year in trade that Argentina has with the European Union as further evidence of the scale of opportunity.
