>> 10 Tips for Investing in Argentina

7. You should check for Forex restrictions which may complicate operation of the business or the repatriation of funds.

Inflows and outflows of funds are heavily regulated: they must go through the “Single Free Exchange Market”, regulated by the Central Bank, and are subject to complex regulations and to many “de facto” restrictions imposed and modified based on political factors. As an example, the acquisition of foreign currency is subject to several restrictions, external financings (with certain exceptions) are subject to a mandatory 1-year 30% non-remunerated deposit ,and requests for approval for the payment of dividends abroad are usually ignored.

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