Video Briefing

Goodlife Investor: How UAE Residents Are Getting Citizenship in Chile, Peru, and Argentina as a Safety Net

Sep 22, 2024Video Briefing10:14Watch on YouTube

People from the Gulf region often hold passports that limit travel and make it difficult to obtain residency in many countries. A deportation record can further block entry to most nations, so having a “Plan B” country with a flexible residency pathway is essential. Chile, Peru and Argentina currently offer the most attractive options for those seeking a solid second passport without strict physical‑presence requirements.

Why a backup citizenship matters

  • Deportation risk – In places like the UAE, a deportation automatically disqualifies you from most residency programs.
  • Passport strength – Weak passports restrict visa‑free travel; a stronger passport (e.g., Chilean, Peruvian) opens access to the United States and many other destinations.
  • Flexibility – Some Latin‑American programs allow you to apply for residency even with a criminal record, and they do not demand continuous physical presence.

Chile – The “hard‑work” route

  • Citizenship timeline: 5 years of residency before applying for citizenship.
  • Passport strength: Visa‑free access to the United States and many other countries; considered stronger than the Mexican passport.
  • Residency path:
    1. Start a business in Chile and obtain a temporary residency.
    2. Convert to permanent residency after a few years of physical presence.
    3. Apply for citizenship after five years total residency.
  • Investment requirement: No specific minimum capital is mentioned; the focus is on establishing a viable business.
  • Ideal for: Individuals who are willing to spend time in Chile and want a robust passport for global travel.

Peru – Fast‑track citizenship

  • Citizenship timeline: Only 2 years of residency before eligibility for citizenship.
  • Passport strength: Similar “red” passport to Chile, with extensive visa‑free travel.
  • Residency options:
    • Business route: Create a company and obtain residency, similar to Chile.
    • Income route: Show qualifying earnings; the transcript cites one of the lowest thresholds worldwide (the exact figure is unclear, noted as “,000”).
  • Investment requirement: None specified for the income route; business route follows standard investment‑based residency.
  • Ideal for: Those who prefer a quicker path to citizenship and may not want to commit to a long physical‑presence period.

Argentina – Flexible temporary residency

  • Citizenship timeline: Citizenship can be applied for directly from temporary residency after a couple of years—no permanent residency required.
  • Passport strength: Comparable to Peru’s, offering strong visa‑free access.
  • Residency options:
    • Business investment: Approximately US $4,000 placed in a local business (similar to the Dutch “Daft” treaty model).
    • Rental‑income contract: Provide proof of passive rental earnings and a contract indicating ongoing income; a few months of pay‑stubs are sufficient.
  • Key advantage: Argentine nationality cannot be stripped once granted, providing a permanent safety net.
  • Ideal for: Families seeking a livable environment with more cultural and recreational activities; those who may not wish to spend extensive time in the country but still want a solid passport.

Comparing the three options

Feature Chile Peru Argentina
Citizenship wait 5 years 2 years ~2 years (from temporary residency)
Physical presence Required for permanent residency Flexible; low income route possible Not required for permanent residency; temporary residency suffices
Investment needed Business establishment (no set amount) Business or low‑income threshold (exact figure unclear) Approx. US $4,000 business or rental‑income proof
Passport strength Strong (US visa‑free) Strong (similar to Chile) Strong (similar to Peru)
Risk of revocation Standard Standard Cannot be stripped once granted
Lifestyle appeal Good for those who want to live in Chile Quick citizenship, less commitment More family‑friendly activities and quality of life

Practical considerations

  • Assess deportation risk: If you already have a deportation record, prioritize countries that accept applicants with a criminal background (Chile, Peru, Argentina).
  • Determine your goal:
    • Travel freedom → Chile or Peru for the strongest passports.
    • Family quality of life → Argentina offers a richer environment for daily living.
  • Financial planning: Even though some routes do not require a large upfront capital, you will need to maintain the business or income proof for the residency period.
  • Legal advice: Residency and citizenship processes can change; consult a qualified immigration attorney to verify current thresholds and documentation requirements.

By securing residency in one of these Latin‑American nations, individuals with limited passport power can create a reliable safety net, protect against unexpected deportations, and gain access to a stronger travel document for personal and professional mobility.