Through Communication A 5850 of Central Bank of Argentina, the initial rules for the normalization of the foreign currency exchange were enacted. Following is a summary of the most important provisions: Prior authorization from AFIP (Tax Authority) for the purchase of foreign currency is removed Individuals and legal entities are allowed to purchase foreign currency […]

Through Comunicacion A 5885 dated January 14, 2016, the Central Bank of Argentina eliminated the obligation to settle the foreign currency received a advanced payments and export financing . This means that the exporter may keep foreign currency received, without obligation to convert said currency into Argentinean Pesos before a financial institution in Argentina, and therefore […]

As per General Resolution # 3/16, the Public Register of Commerce (Inspección General de Justicia/ IGJ), published today in the Official Gazzette, it was set forth the public access to the files of commercial and civil entities registered before the Register. The General Resolution states that “The information existing in the Registry shall be made […]

Through Communication A 5899 of the Central Bank of Argentina, dated February 4, 2016, the obligation to settle foreign currency from the export of services was eased. Communication A 5899 contains a lot of provisions designed to correct and simplify the intricate tangle of exchange regulations in Argentina, and enables exporters of services to keep […]