Argentina: Foreign exchange deregulation continues — repatriation of nonresident investments

In brief

The Central Bank of the Argentine Republic continues its policy of foreign exchange deregulation. This time, through Communication "A" 8230, changes are introduced to the regime for the payment of financial debts with related companies, the repatriation of nonresident investments, and the reduction of minimum holding periods for certain financial investments.


Contents

In focus

  • The requirement for prior approval to access the foreign exchange market is eliminated for the following:
  1. Payment of principal on financial debts with related companies.
  2. Repatriation of direct investments by nonresidents in companies that are not controlling local financial entities.
  3. Repatriation by nonresidents of capital services, income and proceeds from the sale of portfolio investments in instruments listed on authorized local markets.

Generally, in all three cases, it is required (among other conditions) that the debt or investment respect a minimum holding period of at least 180 days and that the funds be entered and settled from 21 April 2025 onward.

  • Lastly, the minimum holding period for the payment of principal on debt securities issued from 8 November 2024 is reduced from 365 days to 180 days.

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Click here to read the Spanish version.


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