Hi everyone,
Wondering if there's anyone here who has had success over the past year or so in obtaining their initial temporary residence, preferably either as rentista or worker (for a self-created entity)? And specifically, whether you found it necessary to wire in the 18-24 months of 5x minimum wage equivalent upfront, how long the whole process took etc?
By way of background, I'm just an ordinary white-collar guy, would like to live in Argentina for most (but not all) of the year, and the option of starting naturalization 2 years down the road would be a big positive (though not the main reason for being here).
In case helpful for anyone, I spoke to a few decent lawyers, their advice was that the rentista visa is going to require about $25k to be wired in upfront (per the formula above and using the official rate), and 30% immediate loss on the FX, plus maybe 10-20% further loss on the currency depreciation over the year (difference between fixed deposit rate and expected (REM) inflation rate). Plus some documentation showing you have cashflows from investments of ~5x the min salary, and the application will take you 6 months and be a pain. Morever, rentista cannot sponsor a spousal visa, so if you want to come in as a couple, you will have to do this twice over.
As for the worker visa, the advice I got was that setting up your own entity for this is common, but you are going to have create quite a bit of substance, including nominee director and shareholder, office, secretary, obtain an immigration license for the entity etc. Harder to put numbers to it but I can imagine the office and staff alone would easily up to $12k a year. As a benefit, worker can sponsor a spousal (family union) visa, unlike rentista.
Lastly, I was advised that in terms of continuous residence for the purpose of "2 years of continuous residence" for naturalization, there is no firm definition, but at the extreme, 7 months a year presence and the rest one long trip outside of Argentina is really not going to cut it. As I was told, yeah it depends on other circumstances too, but something closer to 9-10 months presence with absence split between multiple shorter trips would likely work.
Yes, I know you can just overstay in Argentina forever as a tourist. Reason I am posting this is to try to figure out whether the advice I got is correct/ checks out with actual experience of those who decided to go through the trouble of getting temporary residence.
Really appreciate any insights on any of this
Wondering if there's anyone here who has had success over the past year or so in obtaining their initial temporary residence, preferably either as rentista or worker (for a self-created entity)? And specifically, whether you found it necessary to wire in the 18-24 months of 5x minimum wage equivalent upfront, how long the whole process took etc?
By way of background, I'm just an ordinary white-collar guy, would like to live in Argentina for most (but not all) of the year, and the option of starting naturalization 2 years down the road would be a big positive (though not the main reason for being here).
In case helpful for anyone, I spoke to a few decent lawyers, their advice was that the rentista visa is going to require about $25k to be wired in upfront (per the formula above and using the official rate), and 30% immediate loss on the FX, plus maybe 10-20% further loss on the currency depreciation over the year (difference between fixed deposit rate and expected (REM) inflation rate). Plus some documentation showing you have cashflows from investments of ~5x the min salary, and the application will take you 6 months and be a pain. Morever, rentista cannot sponsor a spousal visa, so if you want to come in as a couple, you will have to do this twice over.
As for the worker visa, the advice I got was that setting up your own entity for this is common, but you are going to have create quite a bit of substance, including nominee director and shareholder, office, secretary, obtain an immigration license for the entity etc. Harder to put numbers to it but I can imagine the office and staff alone would easily up to $12k a year. As a benefit, worker can sponsor a spousal (family union) visa, unlike rentista.
Lastly, I was advised that in terms of continuous residence for the purpose of "2 years of continuous residence" for naturalization, there is no firm definition, but at the extreme, 7 months a year presence and the rest one long trip outside of Argentina is really not going to cut it. As I was told, yeah it depends on other circumstances too, but something closer to 9-10 months presence with absence split between multiple shorter trips would likely work.
Yes, I know you can just overstay in Argentina forever as a tourist. Reason I am posting this is to try to figure out whether the advice I got is correct/ checks out with actual experience of those who decided to go through the trouble of getting temporary residence.
Really appreciate any insights on any of this
