Enter With Dollars, Change A Substantial Amount Of Dollars

[SarahAnn]

This will not show where the money came from or how the money was brought into the country.

AFIP wants to know the source of the funds, i.e. how they were legally earned or acquired.

When it comes time to sell it's a good idea to be able to show exactly how the funds (equal to the peso value stated on the escriitura at the official exchange rate at that time) were acquired.


Bringing in amounts just under $10K USD a number of times might be useful if the buyer is paying a portion of the "real" price en negro.

Hi, thanks for your useful advice, I really appreciate it. It is a difficult issue. The proving of source isn´t difficult - the account overseas, such as it is, is well documented - I am not exactly Rockefeller. But how to get this money into the country in cash? I want to spend about 180K, and apart from these ´courriers´, which seems a bit dodgy, the only concrete suggestion is the buying of stocks. D´you think that this is feasible? As to the justification, I have made about a dozen trips, so that is covered - assuming up to 1/3 of the real price will be paid en negro. Cheers, Sarah

 

[lamarque]

Hi, thanks for your useful advice, I really appreciate it. It is a difficult issue. The proving of source isn´t difficult - the account overseas, such as it is, is well documented - I am not exactly Rockefeller. But how to get this money into the country in cash? I want to spend about 180K, and apart from these ´courriers´, which seems a bit dodgy, the only concrete suggestion is the buying of stocks. D´you think that this is feasible? As to the justification, I have made about a dozen trips, so that is covered - assuming up to 1/3 of the real price will be paid en negro. Cheers, Sarah

With the stocks is feasible, people use the same mechanism to send the money out and is 100% legal.

 

[Fettucini]

When I sold my old apartment in BA a few years ago I used the border stamps as proof of origin of the money and afip accepted it without any problems. I think that once you can prove the money entered in blanco they're happy, and its perfectly legal bringing 10,000 across the border without the need to declare its source.

 

[SarahAnn]

With the stocks is feasible, people use the same mechanism to send the money out and is 100% legal.

OK, I am going to follow up that mechanism. Thanks for your advice. Cheers, Sarah