21 July 2009

New Rules For Transferring Money Into The Country

For independent businesspeople bringing their own funds into the country, there are new Central Bank rules that should simplify the process for smaller transfers. When bringing funds into the country, legal Argentine residents (with a DNI) will be able to bring in up to $40,000 USD per month without presenting any documentation (just the standard bank forms). There are other requirements for people who are not legal residents.

If the transfer is over $40,000 USD per month, a certified bank statement will need to be presented showing the funds were in your account abroad at least 10 days.

In both cases, the account owner must be the same on the local account and the account abroad or the transfer will be rejected.

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