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.
Rentista Types:
Now that we’ve clarified that to qualify for the Argentina Rentista Stay, you need to prove that you can support yourself financially using your own resources. This can include income generated from owning a business, property, or any other lawful external sources. It cannot include income from employment. Let’s proceed to elaborate on each situation separately.
Ownership of Real Estate
As a Rentista, you will need to provide documentation related to the ownership of real estate. This includes property title documents and a lease agreement, which should have a duration of at least one year from the time of submission to Immigration. On the first document, it must be clearly written name you are the owner of the property. Also, the amount of rental fees must be written and the duration of the contract must be at least one year or more. The second document must be the document issued by the local bank in your home country. That bank must clearly state, that you have an account on that bank, and you are receiving your rental fees into that account. It does not necessarily require the history of previous transactions. That’s not the main part. If you include the history, yes, that will be fine.
***Important Point
In this document is the bank must have an official bank heading on the document, your name, account number, and bank contact details in case the Argentina Immigration Department needs to verify with the bank. They will ask if you really have an account or not, that’s it. They are not going to ask how much money you have because you already have another document that proves your monthly income. Both these Documents must be apostilled or Legalized by the Ministry of Foreign Affairs in your country. No need for translation, because translation must be done in Argentina by an Authorized translation Organisation named Colegio de Traductores.
How to Prove Your Funds Entering Argentina
Now let’s talk about bank transactions in Argentina. In order to demonstrate the receipt of funds, you will also need to provide evidence of withdrawals made from your Argentinian bank account. This can be done by providing proof of ATM transactions carried out within the Argentine Republic. Yes, you will need to open a bank account in Argentina and transfer your funds from your Home Country Bank to your Argentinian Bank account. Once you submit your documents for the Rentista, you will receive a proof of application named “Precaria”. Some banks in Argentina will allow you to open a bank account with Precaria, but not all banks allow this. So, you will have 60 days of corridors to open a bank account in Argentina and demonstrate your income from abroad.
Here is the Resume for the documentation that will further demonstrate your financial capacity as a Rentista applicant:
- Property title
- Lease Agreement from which the rent received arises. (minimum 1-year contract from presentation to Immigration)
- Proof of the withdrawal of funds through which the account is received (ATM proof in the Argentine Republic or Western Union or any other official financial institutions)
Company Shareholders
- Contract / Corporate By laws from which the ownership of the shares arises.
- Certified Public Accountant Report stating the amount of income received based on accredited actions.
- Proof of the withdrawal of funds through which the account is received (ATM proof in the Argentine Republic)
For this type of income, the proof requirements are the same. You must demonstrate what percentage of shares belong to you, how much money you will receive as a shareholder, and the duration of the contract. You must ensure that your shares will be provided for at least one year, ideally two, with three years being the best. The income must be after tax, not before tax. Additionally, you need to provide bank details, both in your home country and in Argentina
Funds Deposited In Bank Accounts Abroad
Savings in your bank account are not enough to get you an Argentinian Rentista Visa. You must demonstrate a monthly income generated from bank interest that is at least $1700 USD. We have discussed this in the first paragraph above.
(ATM proof in the Argentine Republi
Rentista Program Requirements for Argentina Immigration
1.- Valid International Passport.
If you are from a neighboring country, you can present a valid identity card or certificate of nationality with a photo. This must be an ID card of permanent residency, not a temporary residency ID card.
2.- Argentine criminal record.
Incorporated into the RADEX (We will do it for you when you land in Argentina)
3.- Criminal record of the country of origin, apostilled.
The Document has/must be endorsed by the Argentine consular authority or with the Hague Convention apostilled or endorsed by the consular authority of the issuing country in Argentina (only valid for Mercosur and associated countries). Required only from foreigners over 16 years of age. The “criminal record” must be from the places where you have lived for more than one year during the last 3 years.
4.- Certificate of Argentinian address or utility bill in your name.
The rental contract in your name, utility bills (electricity bills or water bills), and Certificado de Domicilio from the local Police. We will explain how to do it during the processing time.
5.- Stamp of entry to the country stamped on the travel document.
6.- You must prove to the National Directorate of Migration the origin of the funds and their entry into the country, through banking or financial institutions authorized by the Central Bank of the Argentine Republic.
You must prove that the income you make exceeds the legal minimum which would be five minimum vital and mobile salaries Argentina (since it is 5 salaries per person).
Take into consideration the “pesification”, the value of Argentine pesos constantly changing nowadays.
In USD, the minimum amount required is over USD $1700-2000 (August 4, 2024) for each family or applicant (not for each family member, only the main applicant shows this amount). Here is the updated original source of the official information.
***The important thing is to prove that if it is an income from renting a property, and this property is in the name of the Applicant with an official document issued by your home country organization (or wherever it is owned). In other words, Migrations must understand that you have a property in your name, that from this property an income is generated and income will legally enter Argentina on a monthly basis.
**The contract needs to be for a duration of 12 months or more. This allows the Migration Department to provide you with a DNI (National Identity Document) for one year. Otherwise, they’ll not provide residence.
Requirements for the Origin Source of Your Income
The income to be accredited must be a benefit derived from assets incorporated to the applicant’s patrimony (financial instruments, real estate, shares in companies, or other items at the discretion of the GENERAL DIRECTION OF IMMIGRATION), not including in this category remunerations obtained from personal work. The salary doesn’t work!
Likewise, own resources deposited in bank accounts abroad shall be admissible, provided that the legality of the origin of such funds is undoubtedly evidenced.
Important: It is hereby provided that prior to the granting of the Residency, the entry into the country of the necessary funds in relation to the requested period of residence shall be verified through banking or financial institutions authorized by the CENTRAL BANK OF THE ARGENTINE REPUBLIC, and by means of the mechanisms in force and authorized by such entity. In other words, before you get residency, they’ll check that you have the sufficient funds for your stay approved by the Central Bank of the Argentine Republic.
Basically saying, you need to apostille three things before you arrive Argentina:
1: Your Birth Certificate Apostilled, which you will need for Citizenship, this is not required for Residency.
2. Apostilled Proof of your income, which is your property ownership and bank statement, saying the origin source of your income. Authorities just want to make sure your income is legal.
3. Apostilled Criminal Record Certificate from your country or countries you have been more than 6 months in the last three years.
Instructions After Apostilling Your Documents
Once you collected the above three documents, please send it to us by email for verification. Our lawyers will evaluate and if everything is OK, then you can start remote translation with these copies. After original copies arrived with you, we will submit them together and give back original copies to you after verification.
Once you have prepared all your documents and are ready to submit them for the rentista residency, you have two options. The first option, if you are from a visa-free country, is to directly arrive in Buenos Aires and apply for the rentista residency. We just take an appointment online, and once your appointment is approved (usually the same day you requested or maybe two to three days later), you should appear in person physically and apply for the rentista. This is the simplest way.
The second option is to apply remotely. We will submit your documents on your behalf, obtain your entry permit, and then you go to the embassy with the pre-approved documents to put a stamp on your documents. This will allow you to apply for the rentista visa from your home country. There is no need to try to get a tourist visa. You must enter the country with the same visa you intend to stay with afterward. For example, if you enter with a rentista visa, you must stay in Argentina with the rentista residency.
If you want to book a Zoom consultation with us, please feel free to contact us to discuss the details. Our licensed and experienced lawyer will consult with you during the meeting. After the meeting, you will have access to our company WhatsApp to ask all your follow-up questions.
To learn more about Rentista Residency Status and processing details, please refer to this article. https://immi.legal/rentista-visa/
