Argentina: More Flexibility to Exchange Control Market
Minimum Stay Term for Portfolio Investments and Loans is Reduced to Zero Days
The Ministry of Treasury issued Resolution No. 1 - E/2017 by means of which it reduces to zero (0) days the minimum stay term for (i) loans granted by non-residents to residents of the private sector; and (ii) portfolio investments of non-residents in Argentina.
Previously, Resolution No. 3/2015 established that the minimum stay term for those types of transactions was one hundred and twenty (120) calendar days. This term was one of the latest exchange control restrictions that limited the possibility to transfer funds into and outside Argentina.