February 21, 2024

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Argentina Investment Visa: Ultimate Guide 2024

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Argentina Investment Visa: Ultimate Guide 2024

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Why Invest in Argentina?

Choosing to invest in Argentina opens up a world of opportunities. With its wealth of natural resources, vibrant culture, and strategic location in South America, Argentina is an appealing prospect for investors. The following are several factors that contribute to the allure of investing in Argentina:  

Economic Growth

Argentina is Latin America's third-largest economy, with a GDP of USD 641 billion in 2023 and a population of 46.9 million spread across 23 provinces. Economic growth in Argentina can be influenced by various factors, including government policies, global economic conditions, and commodity prices. The country's commitment to improving its business climate and implementing sound economic policies reflects a proactive approach to fostering sustained and inclusive economic growth.

Ease of Doing Business 

Over half of the more than 500 startup companies identified in Argentina were based in Buenos Aires. Argentina has the largest number of start-ups among all countries (71,153). It is followed in third place by India (6,220 companies) and the United Kingdom (13,125).According to the Wall Street Journal Report for 2023, Argentina has a relatively open business environment, ranking 63rd out of 190 economies in terms of overall ease of doing business.

Foreign Direct Investment (FDI) Data

Foreign direct investments in Argentina totaled USD 3,810 million in 2023, representing a 2% year-on-year increase. The sectors that attracted the most FDI were: deposit-taking institutions, which accounted for 32% of FDI flows (USD 1,221 million); the manufacturing industry, which accounted for 29% (USD 1,108 million), reversing the drop seen; and mining and quarrying, which accounted for 14% (USD 551 million). 

Business Climate

Argentina's geographic location makes it a strategic entry point to the South American market. Investors may see opportunities to use Argentina as a gateway to access neighboring countries and the broader Latin American market. Moreover, Argentina has a well-educated and skilled workforce, particularly in sectors such as technology, engineering, and finance. This can be appealing to investors seeking a capable and educated labor force for their operations.

Top Business Industries

The country is known for its rich agricultural sector, being one of the world's top producers of soybeans, corn, and beef. This abundance of natural resources contributes to the country's economic resilience and offers potential investment opportunities in agribusiness and related industries. Also, Argentina has been making efforts to diversify its energy sources and increase renewable energy production. With abundant wind and solar resources, the country has attractive opportunities for investments in renewable energy projects.

Argentina's economic landscape further diversifies with a flourishing technology sector, emphasizing software development, IT services, and innovation. The tourism sector, driven by Argentina's diverse attractions, presents an inviting arena for investors in hospitality, travel services, and related sectors. With these top-performing industries, Argentina unfolds as a multifaceted investment destination, providing a strategic blend of stability, growth potential, and sustainability across various sectors.

Argentina Investment (Inversionista) Visa Program Overview

The Argentina Investment Visa Program ( also known as Argentina Inversionista Visa) is a structured initiative aimed at attracting foreign investors to contribute significantly to the economic development of the Argentine Republic. This program grants eligible foreigners the opportunity to obtain a permit allowing them to enter and stay in Argentina, contingent upon their commitment to making substantial investments in the country.

The legal foundation of the Argentina Investment Visa is established by Act No. 25.871, along with the decrees 616/2010 and 70/2017. According to these legal provisions, foreign nationals can be granted an investor visa by committing a minimum investment of ARS 1,500,000 ((approximately USD 2,000 at the exchange rate of ARS 823.501 per 1 USD) in any lawful business engaged in a productive, commercial, or service activity within Argentina. There are no restrictions on the sector, type, or scale of the business, providing flexibility for investors. The capital must be placed in a financial institution recognized by Argentina's Central Bank.

The Ministry of Economy assesses the feasibility, legal aspects, and economic-financial sustainability of the investment project, while the National Directorate of Migration oversees the granting of temporary residence, setting a definite deadline for the realization of the investment.

The visa is initially valid for 1 year, with the option for renewal up to 3 years. After residing in Argentina for just 2 years and maintaining the investment, Investment Visa holders become eligible for citizenship. A year later, they are also eligible to apply for permanent residency status, assuming they have not already obtained citizenship. This streamlined process highlights Argentina's commitment to welcoming and integrating foreign investors into its society.

Argentina Investment Visa Benefits

The Argentina Investment Visa comes with advantages, such as: 

Legal Status

The investment visa grants foreign investors legal residency status in Argentina. Residency status under the investment visa in Argentina not only permits foreign investors to live and do business in the country for an extended period but also grants them essential resident rights. These rights encompass legal protections, employment opportunities, the ability to engage in civic activities, etc.

Tax Incentives

The Argentine government offers attractive tax incentives, providing investors with favorable conditions for maximizing returns on their investments. For example, on June 6, 2019, Law No. 27506 was enacted, establishing a Knowledge Economy Promotion Regime. The proposed regime entails a 15% income tax rate reduction, exemption from value-added tax, a fixed employer contribution deduction, and a tax credit for both income tax and value-added tax payments. This law aims to boost economic activities in various sectors, including computer and digital software/services, audiovisual production, biotechnology, bio-economy, genetics, and so on. 

Access to Mercosur Markets

Through Argentina's membership in the Mercosur trade bloc, investors gain access to a broader market, enhancing opportunities for trade and commerce within the region. This regional integration also facilitates streamlined trade processes and cooperation, fostering a conducive environment for business growth and collaboration. In addition, it provides a platform for investors to navigate diverse economic landscapes and capitalize on the collective strength of Mercosur nations.

Cultural Richness and Quality of Life

Beyond economic benefits, investors and their families enjoy a high quality of life, enriched by Argentina's vibrant culture, arts, and scenic landscapes. Argentina's GDP data quality ranks 84th globally and 12th in the Americas, while population and demographic data rank 30th and fourth, respectively. This statistical stability adds a layer of confidence to the overall investment landscape, providing a reliable backdrop for long-term residency and business endeavors.

Educational Opportunities

Argentina's investment visa opens doors to excellent educational institutions, providing quality education for investors' children and contributing to their personal development. Argentina's education market is expected to grow 13.90% (2022-2027), with a market volume of USD 23.43m in 2027. This growth reflects the nation's commitment to educational excellence, offering a promising environment for academic achievement and skill development.

Healthcare Facilities

Investors benefit from access to a robust healthcare system, ensuring the well-being of themselves and their families. With 47 operating rooms in 2023, Hospital Italiano de Buenos Aires was Argentina's health care institution with the most operating rooms for performing medical procedures. With 30 operating rooms, Hospital de Clnicas José de San Martin was ranked second. The Latin America Operating Room Equipment Market is expected to grow to USD 4.19 billion by 2027.

Real Estate 

Investors may explore lucrative real estate options, including purchasing properties or securing rental homes, potentially at a more affordable cost compared to some other countries. This provides a strategic avenue for portfolio diversification and long-term wealth accumulation within Argentina's dynamic real estate market. In 2024, the average price of a new one-bedroom apartment in Buenos Aires is around USD 1,784.52 per square meter.

Travel Opportunities 

Investors can capitalize on travel opportunities within South America, facilitated by Argentina's well-developed transportation infrastructure and diverse landscapes. This not only makes travel convenient but also provides investors with the chance to embark on scenic journeys, from the breathtaking Andes mountains to the picturesque Patagonian region.

Permanent Residency

Successful investors, upon meeting the requirements, are granted the option to renew their temporary residency or eventually apply for permanent residency after 3 years of residency. The flexibility to transition from temporary to permanent residency reflects Argentina's welcoming approach to investors seeking an enduring and secure presence in the nation.

Path to Citizenship

Argentine citizenship becomes available to investors after 2 consecutive years of residency, providing a streamlined and expeditious path to full citizenship. Additionally, investors have the advantage of dual citizenship, as Argentina allows the acquisition of citizenship without renouncing the citizenship of their home country. 

Tax Regime for Argentina Investment Visa

The Investment Visa distinguishes itself as an active investor visa. This designation implies that the visa holder is required to personally manage the business and be physically present in Argentina for a minimum of 183 days per year. This commitment not only positions the investor as an integral part of the business but also establishes them as an Argentine tax resident. Here are the key points regarding taxes in Argentina: 

  • Residents are subject to a progressive tax on their worldwide income. 
  • The property tax rate typically ranges from 0.25% to 1.5% of the property's value.
  • Foreign tax credits are available for taxes paid on income from foreign sources.
  • Non-residents and foreign beneficiaries are taxed only on income sourced in Argentina.
  • Progressive personal income tax rates range from 5% to 35% based on income brackets.
  • There are special rates for gains from securities, interest, and real estate.
  • Exemptions and deductions may apply.
  • Gross income tax for self-employed individuals applies to gross earnings and is a provincial tax. The average tax rate is 4% in the federal capital, with similar rates in other provinces. 
  • Foreign beneficiary tax is applicable to foreigners working temporarily in Argentina. The tax rate is 24.5% (35% on assumed profit of 70% of gross income).
  • Corporate income tax (CIT) for legal entities applies to both Argentine and foreign-source income for resident legal entities.
  • Foreign tax credits can be claimed by resident entities.
  • Progressive corporate tax rates are based on taxable income brackets and range from 25% to 35% .
  • The standard VAT rate is 21%. Additional rates include increased (27%), reduced (10.5%), and super-reduced (2.50%) rates. The increased rate applies to specific goods and services like gas, electricity, and water.

Argentina Investment Visa Qualification Requirements

The main requirements for Argentina Investment Visa are as follows: 

Clean Criminal Record

To qualify for the Argentina Investment Visa, one of the essential requirements is a clean criminal record. A clean criminal record ensures that applicants do not pose a threat to the security and well-being of the nation. The intention is to maintain a safe and stable environment for both the investors and the local population. Any history of criminal activities may lead to the rejection of the visa application, as the government prioritizes individuals with a track record of lawful conduct.

Transparent and Legal Sources of Investment

Another crucial qualification requirement for the Argentina Investment Visa is that the investment amount, which should be at least ARS 1,500,000, must come from a legal source. The government aims to prevent money laundering and illicit financial activities. Therefore, applicants must provide thorough documentation proving the legitimacy of the funds. The investment amount should be held in financial institutions authorized by the Central Bank of the Argentine Republic (BCRA)

Comprehensive Business and Investment Plan

Applicants are advised to submit a detailed business and investment plan to qualify for the visa. This plan serves as a demonstration of the applicant's commitment to contributing meaningfully to the Argentine economy. It should outline the nature of the business, its commercial viability, and the potential for job creation or other positive impacts on the local community. 

Financial Records Verification

To qualify for the Argentina Investment Visa, applicants must undergo a rigorous financial records verification process. This involves submitting comprehensive financial records that provide a clear overview of the applicant's financial history, including income sources, tax returns, and other relevant financial documents. The government evaluates these records to ascertain the financial stability and capacity of the applicant to make a significant investment in the country. 

No Nationality Restrictions

One notable aspect of the Argentina Investment Visa is its inclusivity, as there are no official nationality restrictions. This means that individuals from any country are eligible to apply for the visa, provided they meet the specified investment criteria. 

Dependents Inclusion

The Argentina Investment Visa recognizes the importance of family in the lives of investors. The visa allows for the inclusion of dependents in the application, emphasizing a family-friendly approach to immigration. Dependents, such as spouses and children, can accompany the primary visa holder to Argentina, providing them with an opportunity to share in the experiences of living in the country. 

Argentina Investment Visa Documents Required

Investors seeking an Argentina Investment Visa are required to collect a comprehensive set of documents. These include:

  1. Application Note

Submit a detailed application note containing personal information, reasons for the visa request, and the desired duration of stay.

  1. Commercial or Professional Background

Provide information regarding your commercial or professional background to offer insight into your expertise and qualifications.

  1. Investment Project

Include an investment project signed by the applicant, outlining the proposed activity, demonstrating the origin and legality of funds, and specifying the authorized financial institutions through which the funds entered the country.

  1. Proof of Investment

Submit documents such as property titles, securities, or corporate participation records to validate the actual investment of the entered capital.

  1. Passport Documentation

Include a photocopy of the complete passport, with a focus on the biodata pages, any previous or current visas, and the entry stamp. 

  1. Funds Verification

Ensure that funds originate from a legal source and are held in financial institutions authorized by the Central Bank of the Argentine Republic (BCRA).

  1. Health Insurance Coverage

Get health insurance coverage to ensure comprehensive protection during your stay in Argentina. The health insurance policy should meet the minimum requirements specified by the Argentine authorities, covering essential medical expenses, hospitalization, and emergency services. 

  1. Police Clearance Certificate (PCC)

Provide a PCC issued by authorities from any country where you have resided for more than one year within the last three years. Additionally, an affidavit confirming a lack of involvement in criminal activities is required.

Adhering to these documentation requirements will strengthen your Argentina Investment Visa application and facilitate a smooth process for obtaining temporary residency.

Argentina Investment Visa Application Process

Embarking on a journey towards economic opportunities and global investment, the Argentina Investment Visa opens doors to a realm of possibilities for prospective investors. Navigating through a carefully structured application process is crucial for those seeking to capitalize on Argentina's thriving business landscape. The application process consists of the following steps: 

Step 1. Investment Eligibility

Begin by ensuring that your investment meets the criteria set by the Argentine government. This includes a minimum investment amount and investment in specific sectors. Additionally, consider factors such as the source of funds, as the government requires proof that the investment capital is obtained legally.

Step 2. RaDEX Application Initiation

Access the RaDEX system on the National Directorate of Migration’s website to kick off the visa application. Submit the required documents and data through the user-friendly online platform.

Step 3. Visa Fee Payment

Upon completing the initial application, generate a payment number and fulfill the visa fee payment through a designated bank before finalizing the application.

Step 4. Respond to Requests

Following the application, promptly respond to any requests for additional documents or set appointments at corresponding delegations, fostering a quick progression through the application procedure.

Step 5. Confirmation and Precarious Residence Certificate

Upon meeting requirements, receive an email confirming approval along with the Certificate of Precarious Residence, providing temporary authorization to reside in Argentina during full residency application processing.

Step 6. Schedule Face-to-Face Appointment

Receive a date for a face-to-face appointment at the National Directorate of Migration. Optionally, expedite the process with a preferential appointment involving an additional payment.

Step 7. Obtain Temporary Residence Permit

Register fingerprints and, upon final approval, be issued a National Identity Document (DNI), serving as the official ID card and marking the successful completion of the Argentina Investment Visa application process. Consider optional expedited procedures for an accelerated process.

4 Tips to Get Argentina Investment Visa from Golden Harbors Experts

Obtaining an Argentina Investment Visa is a strategic move that can open up promising opportunities for foreign investors. To maximize your chances of success, we advise you to consider the following tips:

  1. Develop a Comprehensive Investment Plan

A well-documented business plan is a key component of a successful Argentina Investment Visa application. Craft a detailed plan that outlines your investment strategy, job creation goals, and financial projections. Even though it may not be a mandatory requirement, a professionally prepared business plan can significantly enhance the strength of your visa application.

  1. Document the Source of Funds Clearly

Argentina requires clear and comprehensive documentation to verify the legal and legitimate source of your investment funds. Whether the funds are conventional or involve cryptocurrency, be prepared to provide evidence that satisfies the authorities about the legality of your financial resources. This step is crucial to demonstrate transparency and adherence to legal financial practices.

  1. Initiate the Process Well in Advance

As visa processing times can vary, it is important to begin the application process early. Start well in advance of your planned investment and relocation dates to mitigate potential delays caused by factors such as incomplete documentation or administrative backlogs. This proactive approach allows you the time needed to address any issues that may arise during the application process, ensuring a smoother experience.

  1. Seek Professional Guidance

Collaborating with experienced professionals can greatly enhance your chances of success. Before initiating the Argentina Investment Visa application process, consult with experts who are well-versed in the intricacies of the immigration system. Working with professionals who have a proven track record, such as the expert team at Golden Harbors, can provide tailored guidance based on your specific situation. This ensures that you meet all the requirements and navigate the application process seamlessly, avoiding potential pitfalls.

By incorporating these tips into your Argentina Investment Visa application strategy and enlisting the support of knowledgeable professionals, you can increase the likelihood of a successful outcome and ensure a smooth transition for your investment in Argentina.

Alternative Investment Visas and Programs in South America

For those exploring residency options in South America, each country offers distinct programs that cater to various needs and investment capacities. From Chile's robust economy to Paraguay's simplicity and minimal requirements, and Colombia's growing market, these programs provide unique opportunities for investors and entrepreneurs. Some of the examples include:

Chile

Chile's program is ideal for those looking to invest in a stable and growing economy. The program offers temporary residency leading to citizenship, with no minimum stay requirements. The investment options are diverse, including real estate and business ventures. For a detailed understanding, please refer to the Chile Residency by Investment Guide.

Paraguay

Paraguay offers a straightforward residency program with minimal financial requirements. The program includes options like retirement and passive income-based residency, leading to citizenship in a relatively short time. For more details, visit the Paraguay Residency and Citizenship Guide.

Colombia

Colombia's investment visa provides a path to residency through various investment avenues, including real estate and business investments. The process is relatively fast and includes family members. Permanent residency can be obtained after five years, leading to citizenship. For comprehensive information, refer to the Colombia Investment Visa Guide.

Frequently Asked Questions

How Much Does It Cost to Get an Argentina Investment Visa?

The minimum investment amount is ARS 1,500,000. The government fees range from USD 0 to USD 6,000, depending on your nationality. Aside from government fees, there may be additional costs associated with the application process. Legal fees for application assistance, document translation, notarization, and document legalization are examples of such expenses.

Is it Hard to Get an Argentina Investment Visa?

No, it is not hard to get an Argentina Investment Visa. If applicants meet the specified requirements and provide the necessary documentation, obtaining an Argentina Investment Visa visa can be a simple process. The key requirements are making an investment in any lawful business and having no criminal record.

How Long Does It Take to Get an Argentina Investment Visa?

The processing time for an Argentina Investment Visa can vary based on individual circumstances and the efficiency of the immigration authorities. Generally, it may take several months to complete the application process. Factors influencing the timeline include the completeness of documentation, the complexity of the investment, and the overall demand for visas. Applicants should be prepared for a potential processing period of around 3 to 4 months.

Can You Get Argentina Residency by Investments?

Yes, you can get Argentine residency by investment. Argentina provides an option for foreign investors to secure a temporary residence permit through a minimum investment of ARS 1,500,000 in a commercial operation. It is important to note that this is not solely an investment project but a business venture that investors must actively manage. Approval of the investment amount by the Central Bank of Argentina is a critical criterion for obtaining the temporary residence permit. 

What are other popular investment visa options in South America?

Top alternatives to the Argentina Investment Visa in Latin America include residencies in Chile, Colombia, and Paraguay. All of them provide investment visas. 

Colombia 

Colombia offers two prominent investment visa options to attract foreign investors. The Real Estate Investment Visa, or M-10 Visa, requires a minimum investment of approximately USD 116,000 in Colombian real estate. Alternatively, the Business Investment Visa, or M-6 Visa, encourages investment in existing businesses, entrepreneurial ventures, or the creation of new companies, with a minimum investment of around USD 33,000. 

Chile

Chile's investor visa focuses on two primary eligibility categories. The first category requires individuals to have invested or intend to invest a minimum of USD 500,000 in a project in Chile, with proof of funds being a mandatory qualification. The second category caters to employees, particularly senior managers, working for a Chilean company where a foreign investor holds at least 10% of the voting rights. Essential to this category is demonstrating the equity link between the foreign and Chilean companies. 

Paraguay 

Paraguay's Investment Visa offers a streamlined path to permanent residency for foreign investors utilizing the Unified System of Opening and Closing of Companies (SUACE). The program requires a signed declaration expressing the intention to invest and establish a business in Paraguay and confirmation of financial resources for self-maintenance. Permanent residency is granted immediately upon approval, with a minimum investment of USD 70,000 over ten years, which may be reduced if citizenship is obtained.

Argentina

Residence Benefits

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Fast application processing

1-3 months

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Global mobility and freedom

international business expansion and entry into the South American market

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Full rights of a resident

a residence permit is issued with the rights to work, do business and study in Argentina

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Global mobility and freedom

No residence restrictions. Living in Argentina offers a unique and enriching experience, combining vibrant culture, diverse landscapes, and a welcoming atmosphere

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A clear path to citizenship

residents are eligible to apply for Argentine citizenship after two years of living in Argentina

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Global mobility and freedom

there is no need to renounce your previous citizenship when obtaining an Argentine passport

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Residence for the whole family

family members (spouse, financially dependent parents, and children) can apply for a residence permit together with the main applicant

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Global mobility and freedom

Argentina has a favorable tax regime, with low taxes and generous incentives for foreign investors

Argentina

Residence Permit

Processing Time and Terms

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Sign a service agreement with Golden Harbors, pay the initial service and due diligence fees, and fill out application forms

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We help you prepare the necessary documentation for your chosen residency option

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You travel to Argentina, and we assist you in applying for a residence card. Together, we submit all the documents to the Argentine Immigration Department (Dirección Nacional de Migraciones)

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Government due diligence check, application review, and approval

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At this step you pay the required government fees, complete your biometrics appointment, and obtain a residence permit in Argentina

There are Always Options to EXPAND YOUR BOUNDARIES! Let's Discuss Yours

Every client is unique

Every case requires an individual approach and solution. Our years of experience in the industry allow us to provide both.

We will answer all your questions and provide detailed information about the available second passport and residency programs to help you make the right choice.

Victoria

Lead Attorney at Golden Harbors

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Victoria

Lead Attorney at Golden Harbors