Rentista/Pensionado Visa

[SlowWalker]

Its for 1 person and its what I was advised by the Immigration services I hired. I think the idea is to have a buffer well above the minimum as to not look like you are just trying to scrape by with the bare minimum and maybe attract more scrutiny to your application, especially as they have tightened a lot up after Milei.

Sorry you must have missed my clarification post above where I explained I meant you can do every 2 months but making up for the missed months wire. E.g 12 x $2,500 or 6 x $5,000 but no less frequently than 2 months.

Personally if you are living in CABA i cant see you getting by on less than $2,000 per month but I guess it depends a lot of personal preferences etc

Agree that the minimum required is likely below what you spend by enough that it doesn't really matter. And this goes even living outside of BA. Rent, insurance, utilities, internet, food, restaurants, gym membership, etc. will be more that $1300/month.

I think it is one thing to have a buffer, but double is excess. I don't see how they can penalize you for meeting the stated requirement.

Again, I think their biggest concern with migration was from other mercosur countries that were becoming burdens to the state or new immigrants taking advantage of universities and medical etc. Therefore, as long as you are above the minimum, have your own insurance etc, I really don't think they are too concerned. They want you to be self sufficient. I would recommend a buffer at minimum to manage the fluctuations in exchange rates etc. I think in February its dropped quite a bit.

I still am not sure if it matters by what method the money is transferred in. If it needs to be deposited into a Bank Account, or by Western Union, or with brokers, then pesos transferred to your account. If it does matter, then I can see someone transferring the minimum to their bank account, and then excess for a couple months or more to a broker to get the CCL rate but there may be wire receiving costs and about 1.2% commissions (0.6% + 0.6%) on the two required trades.

 

[Milton]

Agree that the minimum required is likely below what you spend by enough that it doesn't really matter. And this goes even living outside of BA. Rent, insurance, utilities, internet, food, restaurants, gym membership, etc. will be more that $1300/month.

I think it is one thing to have a buffer, but double is excess. I don't see how they can penalize you for meeting the stated requirement.

Again, I think their biggest concern with migration was from other mercosur countries that were becoming burdens to the state or new immigrants taking advantage of universities and medical etc. Therefore, as long as you are above the minimum, have your own insurance etc, I really don't think they are too concerned. They want you to be self sufficient. I would recommend a buffer at minimum to manage the fluctuations in exchange rates etc. I think in February its dropped quite a bit.

I still am not sure if it matters by what method the money is transferred in. If it needs to be deposited into a Bank Account, or by Western Union, or with brokers, then pesos transferred to your account. If it does matter, then I can see someone transferring the minimum to their bank account, and then excess for a couple months or more to a broker to get the CCL rate but there may be wire receiving costs and about 1.2% commissions (0.6% + 0.6%) on the two required trades.

I remember a discussion specifically regarding the rentista visa and I was advised that there is an "unofficial" minimum of $2,000 per month (at the time 1.5 years ago) which is of course well above the stated 5x minimum salary rule.

I cant obviously confirm that 100% is the case with everyone but I am just relaying that information. You could in threory apply with the bare minimum and be accepted but I dont have the information to know if that is a wise idea or not.

You need to wire to one of the main accredited bank accounts here. Santander, Galacia etc and it cant be using Western Union it must be from a bank account in your name from your home country. Again I do not know exactly how/if this is enforced but since Milei got in is is much easier to wire in dollars to a local bank account here. I have have no issues at all and it costs me about 30 to 40 dollars each month to wire around $3,000 per month. There is no fee charged on receiving anymore as I think my bank I use charges all fees upfront.

 

[SlowWalker]

I remember a discussion specifically regarding the rentista visa and I was advised that there is an "unofficial" minimum of $2,000 per month (at the time 1.5 years ago) which is of course well above the stated 5x minimum salary rule.

I cant obviously confirm that 100% is the case with everyone but I am just relaying that information. You could in threory apply with the bare minimum and be accepted but I dont have the information to know if that is a wise idea or not.

You need to wire to one of the main accredited bank accounts here. Santander, Galacia etc and it cant be using Western Union it must be from a bank account in your name from your home country. Again I do not know exactly how/if this is enforced but since Milei got in is is much easier to wire in dollars to a local bank account here. I have have no issues at all and it costs me about 30 to 40 dollars each month to wire around $3,000 per month. There is no fee charged on receiving anymore as I think my bank I use charges all fees upfront.

I transfer to my Santander account here, and I haven't had to pay a receiving fee probably since August or September. I think that was them trying to increase reserves (so make it cheaper to bring in USD). I find that I used to be able to initiate a transfer in the evening and the next morning it would be received by Santander. I find that since January or maybe December its taking longer. I am not sure how come.

 

[Milton]

I transfer to my Santander account here, and I haven't had to pay a receiving fee probably since August or September. I think that was them trying to increase reserves (so make it cheaper to bring in USD). I find that I used to be able to initiate a transfer in the evening and the next morning it would be received by Santander. I find that since January or maybe December its taking longer. I am not sure how come.

Yeah same for me. It depends when you initiate the wire anywhere close to a weekend or one of the many many holidays here and it will de delayed a couple days extra

 

[SlowWalker]

I transfer to my Santander account here, and I haven't had to pay a receiving fee probably since August or September. I think that was them trying to increase reserves (so make it cheaper to bring in USD). I find that I used to be able to initiate a transfer in the evening and the next morning it would be received by Santander. I find that since January or maybe December its taking longer. I am not sure how come.

My bad. It did come through earlier, I just missed their email.

 

[Buenas Ondas]

I just do 5x the salario movil every monthy (changes month-to-month but posted thru August here) + another ~200k - 300k pesos for optics or to cover living expenses, so currently ~$1400-$1500/mo.

That's the same formula I used prior to getting my application approved in Dec. However, before applying you should have ~$20k USD or the equivalent in a bank account + translated & apostilled docs proving the legality of the origins of those funds. IME that's the part the migraciones is most exacting about.

Personally, I think 2x the minimum requirement is probably overkill and I would only do that if my living expenses required. Also, while I understand in 'difficult cases,' people have used Western Union receipts to prove entry of funds, that would require a lawyer and probably additional expenses for them to make that argument. I would stick to a national bank. I'm with Banco Ciudad and they do charge a processing fee for wire transfer, but they were also the only bank I went to in Cba that would still let me open an account with a DNI (a lot of them changed their policy recently--or at least that's the branches I went to).