How to Open a Bank Account in Argentina.
Overview
Argentina offers 2 options to obtain residency by investment. One is for investors and the other for retirees or remote workers.
This country in South America presents an exciting social environment of acceptance, one where all are welcome and there is something for everyone to be found within its borders.
They offer one of the easiest and cheapest visas and passive income residency opportunities in the world.
Investment options:
RENTISTA RESIDENCY
What is the rentists visa?
Visa Rentista" is a term used in some countries, including Argentina, to refer to a type of visa or residence permit that is granted to individuals who intend to temporarily reside in the country without the need to work.
In Argentina, the Rentista Visa is granted to foreigners who have sufficient income and can demonstrate that they do not need to work in Argentina to support themselves during their stay in the country.
To obtain this visa, you must demonstrate sufficient income to live in Argentina for one year. The current minimum amount required is $1000 USD per month. This can be through passive income such as investments, rentals, or pensions. in addition to demonstrating a stable monthly income, you can also prove that you have sufficient funds in your bank account.
The requirements
- Prove a monthly income of at least 500 USD from a guaranteed source. - If you are a business owner. You must be a shareholder in your company and be able to show that you receive dividends on those shares that allow you to earn income. List of options that can be used as a source of income. - Have a property to rent and charge a monthly fee for that property, in which case a title deed and a lease are required. - Shares in a company, whether owned or not, can be a company listed on the stock exchange or a company owned by the applicant that provides monthly income. - To receive a pension or retirement from a third country (not in Argentina).
INVESTORS RESIDENCIES
For this program Creimerman offers an incredible opportunity. Instead of going through the complicated process of submitting an investment plan, as required by other residency by investment programs, you have the opportunity to obtain residency in Argentina by investing just USD 15,000 in a local company.
Options of investment
- Invest in a company already operating in Argentina and obtain the residency through the investment sponsor. - The purchase of a real estate property for at least 70.000 usd. - Create your own company and invest in that company the required amount of 15.000 usd. The visa granted through this program can be renewed for up to 3 years. After only 2 years of residency, individuals can apply for citizenship. This means that the visa granted through this program is enough to meet the requirements for citizenship.
Reviews
FAQ
Does this residency allow me to obtain citizenship?
As a resident in Argentina, you can apply for citizenship after only two years, a much shorter period than most other countries with citizenship by naturalization schemes.
For how long will I have the residence?
The visa has a validity of 1 year, renewable up to 3 years.
What documents are required?
• Affidavit regarding criminal records. • Original Police Clearance Certificate. • Evidence of Residential Address. • One passport-size photo. • Original or Certified copy of Marriage Certificate (if applicable). • Original or Certified copy of Birth Certificate (if applicable). • Statement of Source of Funds. • Investment Plan. • Business Plan. • Curriculum Vitae. • Evidence of Business Background. (All documents must be duly translated into Spanish).
Is dual citizenship accepted in Argentina?
You can hold the passport as a second nationality, meaning dual nationality is permitted.
Is Argentina safe?
Argentina is considered one of the safest countries in South America. Nonetheless, you should keep your eyes open when visiting cities like Rosario, Córdoba, or Mendoza.
With what currency must the residency programs be paid?
The programs should be paid in the argentina currency that is pesos.
Can I bring my family in this experience?
Yes, This residency includes the applicant, his/her spouse, and children under 25 years of age.
Can the residence be purchased with an investment in Real Estate?
Yes, you can obtain permanent residency through a real estate purchase in Argentina.
In what cases can my application be rejected?
Most of the applications are authorized, however there are some reasons why you may have difficulty with this residency. Such us: • Having criminal records. • Lack of documentation. • Do not meet the minimum required time in the country.
The main applicant must go to Argentina?
Yes, you would have to travel to Argentina to apply for this residency.