Argentina Rentista Visa: Requirements and Application Process

Link to the Official Government Website – Migration Department

Income must come from assets like financial instruments, real estate, or shares, not personal work, per the General Directorate of Immigration.

For Example:

With $150,000, you can invest in a local bank to receive monthly interest payments at a fixed rate. You must receive over $2,000 monthly, as it should be at least five minimum Argentine salaries, according to government guidelines. Why approximately, because it is written on the Government website officially, that this amount should be equal to or more than five minimum Argentina salaries. Here is the official government website where you can check how much is the current minimum salaries amount as of the active day you read this article: https://www.argentina.gob.ar/trabajo/consejodelsalario

Proof of Funds: Is For Family or Per Applicant?

So when you convert to USD it will be 1700-2000 USD depending on the currency rate at that date and we need to take into consideration the inflation rate in Argentina as well. Because five minimum salaries in Argentina will change according to the inflation rate regularly. One very important note is that, when we say income from your business, this can not be hired for job activities. It must be clearly stated that the income from your business comes from your dividends/shares, not from your salaries.  To qualify for temporary residence as a Rentista.  You must meet the minimum financial requirement of $1700 USD per family (per applicant, family members don’t need to show proof of income, only the main applicant). This ensures that you have sufficient funds to support yourself during your stay in Argentina. The idea of this Rentista program is to make sure that when you immigrate to Argentina, you will have enough money to support your family. You don’t need to give this money to anybody, you will use it for your family’s needs. 

Essential Components of a Bank Letter for Financial Verification

For a bank letter that serves as proof of financial status or a bank relationship, it should include the following essential details:

1. Bank’s Information: Official bank letterhead with the bank’s name, address, contact information, and possibly a logo.

2. Date: The date the letter was issued.

3. Account Holder’s Information:

Full name(s) of the account holder(s).

Account number or partial account number (for security purposes, often only the last four digits are included).

Address or contact information of the account holder, if relevant.

4. Statement of Relationship: Confirmation that the account holder has been a customer of the bank, including the type of account (savings, checking, etc.).

5. Account Details:

Account opening date.

Current balance, average balance over a specified period, or other relevant financial information.

Any specifics if required, such as proof of credit line, deposits, or transactions (if needed for the purpose).

6. Bank Official’s Signature:

Signature of an authorized bank representative.

Printed name and position of the signing bank officer.

Contact details for verification (often included in official bank correspondence).

7. Bank’s Seal (if applicable): Some banks use an official stamp or seal for authenticity.

The letter should be concise but include enough information to establish a reliable financial profile for whatever specific purpose it’s needed (such as proof of funds, solvency, etc.).

Essential Components of a Business Ownership Letter for Rentista Visa Applications in Argentina

For a rentista visa application in Argentina, a business ownership letter should demonstrate that you have sufficient income from business ownership outside of Argentina to support yourself without local employment. Here’s the essential information it should include:

1. Letterhead of the Company: Include the official company letterhead with the company’s name, address, contact details, and logo.

2. Date: The date the letter was issued.

3. Addressee: Address the letter to the Immigration Office handling the visa application.

4. Applicant’s Information:

Full name and passport number of the applicant (business owner).

Any identification numbers related to the business (like tax ID numbers if relevant).

5. Statement of Ownership:

Clear statement that the applicant is an owner of the business, including the percentage of ownership if applicable.

Description of the business structure (e.g., LLC, corporation) and registration details (such as registration number and country).

6. Income Statement:

A summary of the applicant’s regular income from the business (monthly or annual).

Include details on how the income is received (e.g., dividends, profit sharing, etc.).

Provide an average amount over recent months or years to demonstrate consistency.

7. Proof of Financial Stability:

Statements of recent revenue or profits that confirm the business is financially viable.

Any additional documents that demonstrate the company’s financial health and your regular income (such as balance sheets or profit and loss statements).

8. Company’s Official Signature:

Signature of an authorized representative of the company (if it’s not you signing).

Printed name, position, and contact information of the signing representative.

9. Supporting Documents (if required by the consulate):

Recent tax returns from the business.

Bank statements or payment records that show regular income deposits.

The letter should be notarized and possibly apostilled, depending on the Argentine consulate’s requirements, to confirm its authenticity. This helps to establish that you have the financial means to support yourself independently through your business income as a rentista.