I know you mentioned it before but thought it may have been a typo - I can REALLY apply for citizenship, having only been here for a year and a half and with temporary residency that was approved for 1 year only, and only just in November? I thought it was similar to permanent residency that you needed several years of temporary residency before you could apply.
Sorry to the OP whose thread i have hijacked!
The citizenship process through the court can be done without a lawyer and the only expenses are those related to translations, legalization, and publication.
thanks for the info -- very interesting option to possibly just do it now and be done with it. will have to check into the pros/cons of residency vs citizenship.
thanks for the info -- very interesting option to possibly just do it now and be done with it. will have to check into the pros/cons of residency vs citizenship.
One con you to consider being a temporary resident (e.g. rentista) versus a permanent resident OR citizen is that if you are a citizen or permanent resident you will be required to pay taxes in Argentina on 1% of your assets, including those outside of Argentina. For instance, piipur, you would be required to pay a 1% tax on the value of your property overseas. I'm not an accountant, but this is my understanding of the law.
I'm sure you meant to write that if you are a citizen or permanent resident you will be required to pay taxes in Argentina on 100% of your assets, including those outside of Argentina, but are you sure that the tax liability on foreign property is different for those with permanent residency is different from those with temporary residency?
The last time I had to deal with the issue of the bienes personales tax, the rate (at least on property in Argentina) for those with temporary or permanent residency was .5% and for non-residents the rate was 1.25 percent. There was an exemption for, paying the tax if the total value of the assets was less than $100K pesos. That was later raised to just over $300K pesos. Non-residents were/have always been charged the tax at a rate of 1.25% regardless of the value of their property.
I have also read that the tax applies to worldwide assets held by all temporary and permanent residents, but I don't know if that is accurate. I've never had to deal with that issue. I seriously doubt that many temporary residents are paying the tax on their worldwide assets even if they are liable to pay, and I have strong doubts about permanent residents as well.
That's right Steve. I meant to say you are taxed 1% on 100% of your assets outside of Argentina. I'm hesitant to say I'm sure about anything related to this topic, but I've been advised by someone I trust on this. So I'd have to say I'm "fairly certain" that it is different for a temporary resident versus a permanent resident. That is, the temporary resident is not required to pay taxes on their assets outside Argentina. The permanent resident is obligated to pay this tax. Can't speak to what others do in practice.
Again, I'm not an expert on this topic. But I would advise that if you have assets outside of Argentina and you are considering permanent residency in Argentina, you might want to be absolutely certain what the tax implications are.
One con you to consider being a temporary resident (e.g. rentista) versus a permanent resident OR citizen is that if you are a citizen or permanent resident you will be required to pay taxes in Argentina on 1% of your assets, including those outside of Argentina. For instance, piipur, you would be required to pay a 1% tax on the value of your property overseas. I'm not an accountant, but this is my understanding of the law.
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