Hi everyone,
I'm hoping someone can provide some advice, or steer me to someone (an attorney or advisor) who can provide me some guidance or advice, on buying an apartment in BA. Here is my situation. I am an American, living in New York City. I am married to an Argentinian who is currently posted to the UN (she works for the Foreign Ministry). I do not have a DNI, but I do have a CDI. We have found an apartment we want to buy in BA - we would rent it out until we move back to BA in the next few years. We have negotiated a price with the seller; we have an escribano (someone my wife has used in the past); we are supposed to sign the Boleto next week. In parallel, I have been trying to sort out how to get the money to Argentina. The seller, as is typical, wants cash US dollars. We have cash in Argentina to complete the Boleto, but not to complete the escritura - for that, we would need to get cash into the country. This is where the problem starts - I can't seem to get anyone to give me clear advice on how I can get the cash into argentina. I assumed that, given the lifting of the cepo, I could just have my wife's sister open a bank account for us (she has my power of attorney) in Argentina, I wire the money, we convert pesos to dollars, and close the transaction at the bank where I give the seller pesos. However I have been given conflicting advice on: (1) Whether she can open the account for us; (2) Whether I can actually convert the pesos to dollars; (3) Whether this is the typical way to do things. We want to do this transaction above the table - I don't mind paying whatever fees need to be paid. I can show evidence of how the money was obtained. The seller does not have any offshore accounts.
Anyway..... probably too much detail, but hoping someone can steer me to an attorney or advisor who might be able to help.
Thanks,
Steve
I'm hoping someone can provide some advice, or steer me to someone (an attorney or advisor) who can provide me some guidance or advice, on buying an apartment in BA. Here is my situation. I am an American, living in New York City. I am married to an Argentinian who is currently posted to the UN (she works for the Foreign Ministry). I do not have a DNI, but I do have a CDI. We have found an apartment we want to buy in BA - we would rent it out until we move back to BA in the next few years. We have negotiated a price with the seller; we have an escribano (someone my wife has used in the past); we are supposed to sign the Boleto next week. In parallel, I have been trying to sort out how to get the money to Argentina. The seller, as is typical, wants cash US dollars. We have cash in Argentina to complete the Boleto, but not to complete the escritura - for that, we would need to get cash into the country. This is where the problem starts - I can't seem to get anyone to give me clear advice on how I can get the cash into argentina. I assumed that, given the lifting of the cepo, I could just have my wife's sister open a bank account for us (she has my power of attorney) in Argentina, I wire the money, we convert pesos to dollars, and close the transaction at the bank where I give the seller pesos. However I have been given conflicting advice on: (1) Whether she can open the account for us; (2) Whether I can actually convert the pesos to dollars; (3) Whether this is the typical way to do things. We want to do this transaction above the table - I don't mind paying whatever fees need to be paid. I can show evidence of how the money was obtained. The seller does not have any offshore accounts.
Anyway..... probably too much detail, but hoping someone can steer me to an attorney or advisor who might be able to help.
Thanks,
Steve
