banafinfodafuggiano said:Argentina has tough Wealth Tax Laws. What is they say you have to pay 5% of your wealth to their tax department in a few years and you can't give up their passport because the law says so? Also living in Argentina has very low standards, apartment prices in Palermo are expensive (you don't want to live anywhere else) and their supermarket literally have nothing.
I would survive in Argentina because i speak spanish and I only eat meat, but the average Gringo wouldn't enjoy it for two years (which is more than 2 years since it takes 1 year at least to get the citizenship approved).
Click to expand...1. You don't have to become a tax resident to obtain citizenship, so wealth taxes don't really matter. If for whatever reason you need to become a tax resident, you could always transfer your assets to a family member and protect yourself via friendly lien or some other way depending on your home country.
2. As far as I know, you can renounce it if it's been acquired through naturalization.
3. I literally just came back from a Disco in Esmeralda (Retiro), it was stocked with goods. Yes, some shops are s**t but you can always just order stuff via Rappi or Glovo, which I do often.
4. You can get away with English just fine, although I would recommend learning Spanish anyway as it's spoken by half a billion people.
5. Let's be honest, Argentina is a banana republic. Even if they introduce citizenship-based taxation, which they won't, what is it that you think they would do if you decide not to pay or submit tax returns? It's not like they would request extradition or send a CIA rendition plane to pick you up...lol.