Rentista Visa + Dividend from US Stock

[Robert8808]

If I am granted the Rentista Visa & my income are dividends from US Stock, do i have to have the dividend paid into an Argentine bank account or can I continue to use my offshore bank account? Also how long do I need to offer proof of previous dividend payments to be granted the Rentista Visa? eg 3mths - 6mths?

 

[Bajo_cero2]

If I am granted the Rentista Visa & my income are dividends from US Stock, do i have to have the dividend paid into an Argentine bank account or can I continue to use my offshore bank account? Also how long do I need to offer proof of previous dividend payments to be granted the Rentista Visa? eg 3mths - 6mths?

It is all about to be paid in a bank account in Argentina.

 

[Johngwyn]

If I am granted the Rentista Visa & my income are dividends from US Stock, do i have to have the dividend paid into an Argentine bank account or can I continue to use my offshore bank account? Also how long do I need to offer proof of previous dividend payments to be granted the Rentista Visa? eg 3mths - 6mths?

From what I know, pension fund or rental income is preferred. As for the dividend, you need the statement issue by each company that pays your dividend to be apostille, and migracion office has to understand what it is...Totally possible but not practical.

 

[Robert8808]

From what I know, pension fund or rental income is preferred. As for the dividend, you need the statement issue by each company that pays your dividend to be apostille, and migracion office has to understand what it is...Totally possible but not practical.

Thank you for your reply, I do not understand why you have said not practical?

 

[Robert8808]

From what I know, pension fund or rental income is preferred. As for the dividend, you need the statement issue by each company that pays your dividend to be apostille, and migracion office has to understand what it is...Totally possible but not practical.

Here is an AI generated answer to the question of income types suitable for Rentista Visa, please point out how the dividends are not practical?

The Argentine government for the Rentista visa prefers that the foreign applicant demonstrates a stable and consistent passive income generated from sources outside of Argentina.1 This income should be sufficient to support the applicant and any dependents without the need to work in Argentina.2
Here's a breakdown of the preferred income methods and key considerations:
Preferred Income Sources:

• Rental Income: Income derived from properties owned outside of Argentina.3 You will likely need to provide property titles and lease agreements.
• Dividends: Income received from shares held in companies located outside Argentina.4 Proof of share ownership and dividend distribution will be required.
• Interest Payments: Income generated from investments held in foreign bank accounts or financial instruments. Bank statements showing consistent interest accrual are necessary.
• Pensions (from foreign governments, international organizations, or private companies): While there is a separate "Pensionado" (Retiree) visa, pension income from abroad can also qualify under the Rentista visa if it meets the minimum income requirements.5
• Royalties: Income earned from intellectual property or similar rights held internationally.

Important Considerations:

• Minimum Income Requirement: The required minimum monthly income is generally stated as five times the minimum living and mobile wage in Argentina. As of March 1, 2024, this was approximately USD 2,000 per applicant.6 However, this amount can fluctuate with changes in the minimum wage and exchange rates.7 It's crucial to verify the current requirement. Some sources suggest a slightly lower figure around USD 1600-1700 in early 2025, but aiming for USD 2,000 is a safer bet.
• Consistency and Stability: The income must be proven to be regular and dependable for at least two years.
• Source Outside Argentina: The income must originate from outside Argentine territory.8 Income earned within Argentina is not acceptable for this visa category.
• Proof of Income:Applicants will need to provide substantial documentation to prove the source and amount of their income. This typically includes:
  • Bank statements for a significant period (usually several months).
  • Official letters or certifications from the source of income (e.g., rental agreements, dividend statements, pension letters).9
  • For business owners receiving dividends, company registration details and financial statements might be required.
• Transfer of Funds: While not always explicitly stated as a strict monthly requirement during the application phase, some sources indicate that demonstrating the ability and intention to transfer funds into an Argentine bank account may be beneficial or even required at some point during the residency.
• No Employment in Argentina: The Rentista visa is specifically for those who can support themselves without working in Argentina as an employee.10 Self-employment or business ownership within Argentina might be permissible in some interpretations, but the primary basis for the visa is passive income from abroad.

In summary, the Argentine government prefers a consistent and verifiable passive income stream from outside Argentina, such as rental income, dividends, interest, or pensions, that demonstrates the applicant's financial self-sufficiency. The current minimum recommended income is around USD 2,000 per month per applicant, but it's essential to confirm the latest official requirements.

 

[Johngwyn]

Thank you for your reply, I do not understand why you have said not practical?

Not practical means you will find some trouble to actually doing it.
For example, if you received dividend from Apple from Microsoft from XYZ companies,
would you ask them to issue you the documents says you're indeed the owner of 10 shares of apple,
and the payout was made, and get them all apostille? You can, but it would be lot more difficult to do so.

Plus based on my experience, Argentina is unlike any other countries where what the rule is what you will follow,
sometimes you follow their rules, but whether you get through or not is up to the person review your application, not up to the rule essentially.

But definitely you can try, and don't forget to share your experience.
Curious about this route, I don't think anyone in this forum has done that before...based on dividend.

 

[LuckyLuke]

Guarda! Consult an accountant to determine whether your dividends are taxable income down here.

 

[Alby]

They will be after the first 12 months of temporary residency unless he spents 90 days in the 12 months outside Argentina, as has been pointed out before.

 

[Robert8808]

Not practical means you will find some trouble to actually doing it.
For example, if you received dividend from Apple from Microsoft from XYZ companies,
would you ask them to issue you the documents says you're indeed the owner of 10 shares of apple,
and the payout was made, and get them all apostille? You can, but it would be lot more difficult to do so.

Plus based on my experience, Argentina is unlike any other countries where what the rule is what you will follow,
sometimes you follow their rules, but whether you get through or not is up to the person review your application, not up to the rule essentially.

But definitely you can try, and don't forget to share your experience.
Curious about this route, I don't think anyone in this forum has done that before...based on dividend.

Thank you for clarifying your earlier statement, I am at a total loss for words regarding no-one else here has gone the dividend route?...but yes indeed I will post the process for the Forum.

 

[Robert8808]

Guarda! Consult an accountant to determine whether your dividends are taxable income down here.

With US Stocks there are only 3 countries in LATAM that have a US Tax Treaty, Chile/Mexico/Venezuela, the tax treaty countries only pay a 15% rate on dividends taken from source at the exchange on each payment, the rest of LATAM with no tax treaty pay the rate of 30%, also as Alby pointed out the dividends will be taxable by the state after the time mentioned as income tax, So there will be various methods of legally avoiding paying said taxes looked at with possibly setting up Trusts, LLC's etc