Investment Repatriation: Access to FX Market Eased

The Argentine Central Bank (BCRA) continues easing foreign exchange regulations. Now. through Communication “A” 8230, issued on April 16, 2025, it introduced significant changes aimed at facilitating access to the foreign exchange market for investment repatriations, payments of financial indebtedness, and issuance of new debt instruments.

 

The main changes include:

 

• Financial indebtedness with related parties: the BCRA’s prior approval is no longer required to access the FX Market for paying principal on financial indebtedness with related parties, when:

 

• • the funds have been transferred and settled thrugh the FX Market as of April 21, 2025,
  • the debt has an average life f at least 180 days (previously it was two years).

 

• Repatriation of direct investments: the BCRA’s prior approval is no longer required for non-residents repatriating direct investments in Argentinian companies (other than financial institutions) when:
  • the capital cntribution was transferred to Argentina and settled through the FX Market as of April 21, 2025,
  • the repatriatin takes place at least 180 days after the funds have been settled (previously it was two years).

 

• Repatriation of portfolio investments: Non-residents will be allowed to repatriate capital services, income, and proceeds from the sale of portfolio investments (i.e., instruments listed on markets authorized by the Argentine Securities Commission) without prior approval subject to:
  • bank certificatin evidencing that the investment funds were transferred to Argentina and settled through the FX Market as of April 21, 2025,
  • dcumentation demonstrating that the amount does not exceed the proceeds effectively collected,
  • a minimum f 180 days from the initial settlement of the funds.

 

When proceeds are collected in foreign currency, the amount actually received can be repatriated.

 

• New debt issuances:
  the minimum average life required to access the FX Market for new debt issuances carried out as of April 21, 2025, has been reduced from 365 to 180 days.

 

These changes represent a further step in the process of easing foreign exchange controls, facilitating financial and investment transactions in Argentina. They are key developments to consider when planning the structuring of financings and the repatriation of funds by non-residents.