JonnyDucth
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- Sep 1, 2011
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I am posting this in the hopes that it will clear up at least some of the confusion that I encountered when researching the issue of bringing currency into the country.
I found a property in March that I wanted to buy in Buenos Aires and signed the 'boleto' for a price in dollars. Then all the restrictions came and it became impossible to transfer the money via legitimate banking channels.(I actually could have transfered the dollars that I needed but they would have been changed into pesos. However, I was told -- both by the banks and AFIP -- that I would not be allowed to buy back the dollars.) So I started researching simply withdrawing cash from my US bank and carrying it down.
I was warned by everyone that it was 'illegal' and that my money would be taken from me at the airport. That there were specially trained money sniffing dogs. I was sent links to the many well documented cases of people trying to smuggle money, etc...
After speaking to several aduana officials I decided to take the 'risk' and actually follow the protocol. When I arrived at Ezeiza I went right to the customs officials and let them know that I had currency to declare. They were very friendly(!), prompt and discrete without being shady.
They took me to their office, had me show the currency but did not count it. I had documentation with me -- withdraw slips from the bank, bannk statements to show the sources of the income and the declaration from the US customs showing when and where the money left from. They asked for none of it.
They entered my details into the AFIP's system, took a copy of my passport and gave me a document stating the time and date of the declaration, the amount, and the intent for bringing the currency in -- buying a property. There were many other options to choose from, including the very vague description of 'investment'.
This document is referred to in the 'escritura' and removes any problems that I could have with AFIP wanting to know where the money came from.
I hope this helps anybody in similar circumstances that I found myself in.
Saludos.
I found a property in March that I wanted to buy in Buenos Aires and signed the 'boleto' for a price in dollars. Then all the restrictions came and it became impossible to transfer the money via legitimate banking channels.(I actually could have transfered the dollars that I needed but they would have been changed into pesos. However, I was told -- both by the banks and AFIP -- that I would not be allowed to buy back the dollars.) So I started researching simply withdrawing cash from my US bank and carrying it down.
I was warned by everyone that it was 'illegal' and that my money would be taken from me at the airport. That there were specially trained money sniffing dogs. I was sent links to the many well documented cases of people trying to smuggle money, etc...
After speaking to several aduana officials I decided to take the 'risk' and actually follow the protocol. When I arrived at Ezeiza I went right to the customs officials and let them know that I had currency to declare. They were very friendly(!), prompt and discrete without being shady.
They took me to their office, had me show the currency but did not count it. I had documentation with me -- withdraw slips from the bank, bannk statements to show the sources of the income and the declaration from the US customs showing when and where the money left from. They asked for none of it.
They entered my details into the AFIP's system, took a copy of my passport and gave me a document stating the time and date of the declaration, the amount, and the intent for bringing the currency in -- buying a property. There were many other options to choose from, including the very vague description of 'investment'.
This document is referred to in the 'escritura' and removes any problems that I could have with AFIP wanting to know where the money came from.
I hope this helps anybody in similar circumstances that I found myself in.
Saludos.