Would I Move to Argentina?
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- Опубліковано 27 чер 2024
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In this video, Andrew explores the opportunities and challenges of moving to Argentina. From the country's evolving stance on cryptocurrencies to its competitive culture and hiring potential, Andrew delves into why Argentina is on his list for diversification. Learn about the pros and cons of living, working, and investing in Argentina, as well as strategic tax planning and citizenship considerations. Discover if Argentina might be the right fit for you! #OnTheList
00:00 Start
00:36 Crypto and Bitcoin Opportunities
1:35 Hiring Opportunities in Argentina
3:53 Quality of Life in Buenos Aires and Other Cities
4:50 Tax Considerations and Strategies
6:49 Challenges with Banking in Argentina
7:54 Argentina's Pros and Cons
10:06 Is Argentina for You?
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See if you can "Live Like A King" in Bogotá with your passport: ua-cam.com/video/2T_LFhCYsDc/v-deo.html
Here are some of the best cities to live in Latin America: ua-cam.com/video/q0YD4At3aP4/v-deo.html
But how do I get Argentina to cry for me?
Todos los liberales y libertarios del mundo son bienvenidos a Argentina, el bastion de la libertad !!
I visited Argentina for a month and it’s very lovely. There are a couple things you should know before going:
1) winters are pretty cold
2) You should learn Spanish cause people is super friendly and you don’t want to miss that
could move to an expat area. there are warm places. many will come with the good tax stuff.
The fact Argentina has winter is something that draws me to it
how wintery is the winter and how summery does argentina become?@@MarkRose1337
What do you mean by cold? That is relative
like is it sweater temperature, or does it get freezing? or does it get painfully cold like proper winter like in canada. @@conq3097
I lived in Argentina last summer and it was awesome. I got a newly renovated apartment in the best part of Buenos Aires for $600 a month and was told that if I extended the price would drop to $450. My USD were worth a fortune in Argentina and I could enjoy steak and wine every night for $10! The people were friendly and it was a fun place to be. Later I spent a month in Mendoza and you could walk into a hypermarket (similar to WalMart) and the steak cuts were out of this world. Like a 1 kg steak for $5 and some of the best steak in the world. The wine selection was massive, delicious and cheap! Just get used to carrying a wad of cash with you and only take out what you need for a week - because anything left over will be worth 10% less the following week due to hyperinflation.
Milei is doing an excellent job with inflation. Nowadays it’s about 5% per month and going lower.
Argentina now is not as cheap in dollar terms as you mentioned . Inflation in the last 5 months was up 60% and the exchange rate between the dollar and the peso didn"t change . Anyway is still cheap to go out for dinner or lunch compare to US .
@@Jietche Peso has declined - blue dollar rate is the real rate, not the official rate
@@Jietche That is the official exchange rate. The unofficial one which you have to use is going up very fast in favour of the USD.
Hi @@BrianBaileyedtech the blue dolar in December 2023 was 1025 and now is 1265 is a 23% appreciation of the dollar against the peso . Meanwhile inflation in the same period has been 65%
Just last week, wife and I made the decision to have our baby in Argentina in December. The key difference between Brasil and Arg is that the youth vote in Arg went to Milei vs in Brazil it went toward Lula…
And in Argentina you will find excellent doctors. Congratulations 🎊
Important point and it's demographically much safer. Brazil is not so good at this time and it's far more complicated nor for those having babies
Congratulations!
You and your wife are more than welcome here! And congratulations on that Argentinian baby coming ❤
Ah mira vos…
Vamos Argentina I will move to Argentina back finallly I’m Argentinian American citizen so now is fire 🔥 good opportunity to go back to such a beautiful country and culture
Argentina is a trap.
Sure, rent is lower than US......but try to buy a car.....the car you get for $2000 in US will cost $7000 in Argentina.
Try to buy a laptop in Argentina......the laptop you get for $200 in US will cost $1500 in Argentina.
It's the same story for everything except food and rent.
As an libertarian Argentinian and remote worker living in the Netherlands, it's so interesting to watch this
Thank you for watching
@@nomadcapitalist thank you for your inspiring and useful content! I've been subscribed for years. Always looking forward to have enough resources to use so much of all the valuable information that you share. Take care 🙏🏼 🙌🏼
interesting to watch it from the netherlands, sure
I'm a US citizen living in Argentina and going through the naturalization process and I can confirm that as a foreigner the general sentiment is, don't be a bother and they won't bother you. Very affordable place to live with amazing people, great diversity both in culture and landscape and a strong passport. It's definitely not for everyone and you need to be very, very patient if you want residency and citizenship but with a good lawyer, it's a relatively smooth process.
Absolutely I would never do those things myself a good assistant or lawyer depending on ones level can do all the paperwork
How long has the process taken you? My family and I are deciding between pursuing Argentinian Citizenship or Chilean Citizenship. Chile can take up to 10 years to actually receive the passport.
@@DanielMurreythe process from day 1 of moving to Argentina and applying for a residency visa to the day you have citizenship and the passport in hand is an optimistic minimum of 3 years but more likely 4. I’ve been in the citizenship process for a year and my lawyer told me today I can expect another year. Plus Milei isn’t exactly pro-immigrant so there’s rumors that the timelines will change. Not trying to scare you off of Argentina but I would say it’s much more worth it to choose the country that fits you best rather than the one that’s supposedly the fastest.
@@DanielMurreytwo years residence in Argentina is the legal requirement for applying for citizenship. It can take a few months to process the paperwork but it shouldn't take you more than 3 years to become an Argentinian. 99% of Argentinians we are immigrant descendants and it's a constitutional right to live in Argentina for anyone in the world no matter where they are from. Feel welcome if you want to move here 😀
Affordable to live except for us argentinians who are poorer every day 😂 hope Milei does something
Other, if you are a foreigner, Argentinians will treat you amazingly. Also good level of english and have western values. Buenos Aires is the city with more bookstores per capita in the world.
Indeed, it's a western country..
@@FragRevelyes but with western values alive 😉
But I want to get out of the USA to AVOID Western values and find a traditional religious place with quality women.....
@@billstrasburg384Do you really to became serious Catholic? If you want the better place is Peru Lima, Argentina is the most progresive country in all latin and Iberian Americ!
I just love Peru so much and also Argentina but we have a religon and a cultral problems there now…
@@jubernardi23it’s Uruguay actually
I was in Argentina earlier this year, the US dollar goes so far! $12 steak dinners with a bottle of wine ! $12
I want to go back
For now 😊
It got quite adjusted after 6 months now
@@gastonrelanez3724 I bet!!! It won’t be on sale for long
@@gastonrelanez3724 How much is it now?
@@monkeybearmax Will be worse if they kept borrowing money from IMF and peg against the dollar
Countries in the Americas are like the Pokemon evolutions of European countries: the US is the evolution of the UK and Canada the shiny one, Mexico is the evolution of Spain, Argentina is the evolution of Italy, Brazil is the evolution of Portugal, and Haiti is the evolution of France
You make me laugh 🤣 there is some true in your description
😂
Not really.For example Argentina is much closer to Spain than Mexico. Of course Spain and Italy are much closer to each other because they are southern European catholic cultures. So, in America you have European Protestant countries US and Canada, European catholic such as Argentina, Chile, Uruguay, and mostly Native American cultures such as the rest of the continent. Brazil is an afro-Portuguese-native mix. Mexico and Spain have similar language but quite distinct cultures, as Mexico has a very proudly native American rooted culture.
Haiti went backwards instead of evolution
More like France is the evolution of Angola
I’m American and spend 6 months a year in Argentina. Just lovely ❤
Glad to hear that!
"American" .... que ganas de que no vuelvas .
I fantasize about living in a beautiful Subtropical-meets-Mediterranean climate. Is that what it’s like on the northern edge of the pampas?
People think that owning property in Argentina means paying loads of taxes but that just isn’t true. I pay absolutely no tax on my 2 acre homestead and it’s completely legal. There are loads of exceptions and protections you can stack. In every other country where I lived I had to pay a lot of property taxes but here all I have to do is submit an online form and send some documents every two years. And it’s all perfectly legal and above board.
Hello I currently live in United States but looking to buy a home as well how could I do it? At the moment I’m in Buenos Aires for vacation and looking for info
@@N-vp9el Make sure the home has a proper title “titulo” and “ficha parcelaria”. Many properties are sold without proper paperwork, just signing the sale at a notary (Escribano) is not enough, make sure the seller is actually the title holder of the property, sometimes people will try to sell you “derechos posesorios” which are like squatting rights where in theory you can claim true ownership after 20 years if unchallenged but that’s a gamble, other times the property is still in their grandparent’s name and they never did the change and they are selling you inheritance rights. Avoid those. Once you have bought a legit property with a proper title you can request tax exemptions if you meet certain criteria. If your property is off grid and doesn’t benefit from municipal services like water and electricity you pay no municipal taxes. If it is your main residence you can have it certified as “Vivienda Unica” by an escribano which should give you a 50% discount on provincial property taxes, not having access to public utilities gives you a further discount. If you have any kind of disability you can get a 100% tax discount right away as long as your disability is certified by the government and you have a CUD or Certificado Unico de Discapacidad (Disability Certificate). Basically there are tons of options to legally pay no or almost no taxes on your property.
@@lifewithclemens excellent write up! I've not learned much of this in Buenos Aires yet, but now I know - thank you!!
@@lifewithclemens That's awesome, thanks! Great info! I have taken note of it in my "Argentina" file.
@@lifewithclemens despues sequejan de que “la carga tributaria es muy grande”. Arba y looking 4 you papi
Buenos Aires is one of the best places to buy antique furniture at excellent prices.
not anymore. I wonder if we still have some...
Where?
I spent 1 month in Buenos Aires:
- Great art vibe, musician culture
- Good subway actually
- Low quality groceries surprisingly
- Wonderful nightlife, dinners
- Very little green areas in the city, too busy
- At night, not very pleasant
- Sometimes if you wanted to get cash at a western union they said "oh sorry, no money today" Long lines
Argentina is not only Buenos Aires, my Mate.
I'm not agree with the subway, but in general I'm with you.
@@AlexanderHL-195 I would like to move to bariloche or ushuana, just for the snow and vibe.
I wouldn't say that our subway is actually good, but certainly public transport is better than in America. I agree with the rest. There are good green areas but most of them are outside the city.
low quality groceries?... Foreigners esteem her very much. You are exception.
Argentina will not tax your global income if you do not reside in the country 6 months a year. So there really is no need to resign your Argentine citizenship. You can have it along with other citizenships should you desired so.
While it's winter in Europe or North America Buenos Aires is a fantastic place to visit. There's lot's of ambitious entrepreneur-type people there, lots of fun things to do and an abundance of beautiful women
Fun in Buenos Aires?.. its just another big city...
Buenos Aires is fun for 3 days, but after that it's a kinda dull city imo.. even though Brazil may not be politically better ATM, it's more developed than Argentina and Rio de Janeiro is so beautiful
@@perrykomick9478
Buenos Aires has more Entertainment than New York, London and París at the same Time, bz BA has more thestres, cinemas, "discos", bar and so on than those three city's combinatrd.
Even BA has the best acustic Opera House in the Word and Is the city with most libraries in the hole Word!
But clearly you are more an "Bud Bunny" kind of tourist.....
@@miguelgarr576 yeah bud bunny...whatever that is😂😂
@@user-lt5no1xt1zlol 3 days? Where were you? Maybe enough for one neighborhood, and even cariocas recognize BA is way better than Rio..
I've always LOVED Argentina. The locals are soo good looking 🤩
Are you sure?
*** Watching from Buenos Aires*** Very glad you made a video about Argentina. Having spent a little over year here, I concur on most of your points.
Thanks for sharing!
Thanks for this video! So far it's excellent! Just some things to point out:
- Banking is hard rn, it's true. But it's getting easier and easier. Restrictions are being removed step by step. In a couple of years, it will be very easy to open a bank account on any currency there.
- Taxation is high, but will also be reduced drastically in the next years, if the new president wins also the legislative elections.
- I don't see the disadvantage on not being able to renounce the citizenship once you get naturalized or in your eventual kids' case. It's actually an advantage because if your kids or you want to get the citizenship from (for example) Austria or Estonia.. they can get it and still keep the Argentinean citizenship. It will also not bring you issues at all if you're out of the country. Remember that it's a very safe country in terms of geopolitics, being far away from any conflict.
True I completely agree with you
Thank you for sharing this
Argentinian citizenship is compatible with others. I’m Argentinian and also Italian citizenship, 2 passports is better than 1 😉
i think you cant never renounce to Argentinian citizenship, if a country like Japan wants you to renouce for incompatibility issues the Embassy would issue a paper that says yo do but you actually keep all your rights, its kinda like a "wink" just to please the country that wants exclusive citizenship
I'm moving there in January 2025.
thanks for this video Andrew! i did ask about Argentina a few weeks ago, this is great information much appreciated
🥰🥰
I asked several times too. Thanks for doubling down. I think the delay was them doing more homework.. and I’ll bet you they will continue their evaluations !!
hi there, argentinian here. what do you want to know?
Banking = Wise card and bank account worked perfectly there!
Western Union as well for safely withdrawing money!
From a Brazilian
We retired 18 months ago and have lived in Nicaragua and Guatemala since retiring. We think our next stop is Argentina for many reasons. We love Milei, cost of living is fairly low, we speak Spanish, quality of life seems high, and because it is a large country you can find whatever is right for you…beach, mountains, hot weather or cold, big city, small town, rural area, whatever floats your boat. We hope to spend at least a couple months in each place- BA, Bariloche, Mar Del Plata, Mendoza, Salta, and Ushuaia. We prefer cooler weather and medium size cities so we may end up in Salta ?
We think we can live a comfy middle class life for $1500-$2000/month.
How was Nicaragua and Guatemala if you care to share?
2000 these days wonderful country don't base a decision on Milei but rather the country itself
I also recommend living in Jujuy, it is a small province but it has a lot to offer
My wife is originally from Nicaragua. The people are wonderful but it is very poor and you have to enjoy hot weather, which we don’t. Guatemala, at least in Xela where we live, is very nice. Highs about 70, lows 45-50, friendly people, low costs ( without budgeting we spend about $1200/month total ), safe…we really like it. We still plan to go to Colombia, Peru, Ecuador, and Argentina and maybe other countries…but we could be happy returning here unless we find something better.
Yes, and if you find info on Guatemala it is mostly Antigua and Lake Atitlan, which if you like lots of tourists around are wonderful but not really our thing. Check out our videos if you have an interest in Xela.
Some want to live in Argentina, others want to leave Argentina.
That changes every couple of years, or even less.
Born and raised argento, so I know what I'm talking about.
Peronismo reason.
Some say it's thanks to Perón, some say in spite of Perón... (He died 50 years ago, yet it still divides the pro an the antis... unbelievable)
Best country in the world by far. Greetings from Buenos aires, argentina.
😂😂😂😂😂
Argentina is on my list
Do a video on Hungary Slovenia Romania...
These are 9 great things about Eastern Europe: ua-cam.com/video/aa-CimOKEBk/v-deo.html
@@nomadcapitalist thanks Nomad! Really love your channel even though I'm not a millionaire CEO guy.
It's a good place to better protect yourself from nuclear fallout in case of war.
Don't stay for more than a week in Buenos Aires
Move to Patagonia. Beautiful place to live and work
Tell us more, please. I'm interested. Thanks
@@grant5059Sure, what exactly are you interested in?
@@thelostgeneration2000why not to stay more than a week in the capital?
What kind of work in patagonia
@@synewparadigm it's a messy, crowded place, with all downsides of the big city, too much traffic, too hot in the summer, moisture that in a winter is terrible.
I am going there to hike Patagonia thank you for the show!
I lived there for 10 yrs it’s amazing if u do not depend on their economy. Hopefully things will improve but it can change quickly so cuidado before ever investing heavily. Don’t think u as a yanqui are gonna go buy affordable land in the country without getting robbed. Maybe u won’t but u will stick out like a sore thumb- don’t get seduced by the real estate prices. You better really want it to put up with what you’ll put up with… probably a few shake downs too! Other than that have fun it’s lovely and a great culture! It’s a good place to live… affordable private medical and dental care.
Could you explain a little more about the "affordable" Healthcare and dental care? What kinds of pricing? Thanks
@@grant5059 well it’s been 8 yrs but private insurance prob $150/ mo which covered most things at the hospital of ur choice. I didn’t get it and just paid for tests when needed and they were not expensive. Usually under $100 for X-rays etc. cavity might be 50 usd. Maybe? Vet care was cheap but this will all change if Milei attracts more investment which will make it more expensive. Maybe someone living there now can pipe up.
So how would you go about finding and purchasing affordable land in Argentina?
@@monkeybearmax health care costs have skyrocketed in the past 6 months; private insurance is virtually impossible to get if you are 65+
@@randall8379 I’m sure it has
My radar too. Purely because of Javier Milei and his proclivity for anarcho capitalism . Freedom .
What about ElSalvador ?
I’ll call you when I win the lottery big time .
But how long would that last?
If you win the lottery then Argentina is one of the last places you’d want to be a citizen because they have a wealth tax.
Well said, main points, agree with all you’ve listed
We need Monero as a currency. Look into it
Javier is a WEF creature who’s sold Argentina to the US military to set up a base and to patrol its river cargo traffic.
I spent a couple of days in Palermo, very nice
A few months ago most young Argentinian were thinking about leaving the country. Now people want to come here. It's really amazing how just a good administración can change so much a country in so little time
Can you do a vid where you compare Argentina to Uraguay please. Also can you do one on Aruba. Thank you love your content looking at consulting with you soon!
😂anything else?.. maybe a pizza with extra cheese?....
I’ll tell u - Uruguay now is more expensive. There used to be nothing happening there. It’s boring but ithats why I love it! Gorgeous country side - prob safer to buy a property in the country than in Argentina but do get guard dogs and some big guns anyway lol. I’d rather live in BA and have long vacations in the summer in Maldonado/ Rocha or a short escape to Colonia for a day or weekend.
Uruguay is where you go when you’re 80-85. They call it the land of white heads bcos everyone is old and has white hair! It’s actually a nice place but you definitely need to wait until you stay home a lot.
Punta del Este is greatly overrated .
@@monkeybearmaxHow much more expensive... some examples would help. Thanks
@@LunaMiel186Why do people say that Uruguay is for old people... I'm interested. Thanks
You are doing a great job in promoting South America, Asia, and Eastern Europe. Thank you so much for all the hard work you do.
thanks for posting!
Spent 2months living in Argentina and working remotely online a couple of years ago. Was there in February and March which is there summer months. Stayed in Buenos Aires, Rosario sante Fe and Cordoba. Delicious food and very comfortable country to be in. But that money situation and having to go to western union every week go so tiring and frustrating. 😅. Having a bunch of paper cash is annoying too. But everything is so much more cheaper with cash. Never use ATMs or pay with cards. I think Id go back one day just not anytime soon. I actually really enjoyed nearby Montevideo Uruguay a bit more. But the steak 🥩 is not as delicious lol
I've been coming down here for 10+ years. Unfortunetly, influecer bros and influecer valley girls have changed palermo (biggest neighborhood in BA) a tourist trap. Once unique hip porteno social venues have turned into touristy american/canadian style coffee shops and asian-american hibachi grill restaurants. I wish they stayed in Colombia.
Interesting take, but BA is massive, there are many other areas to live and hang out if Palermo lost its local authentic feel....the issue is that most expats want to be there.....(-;
palermo has being wrecked for ages. san telmo going close to barracas is still tourist friendly and waaay more enchanting. or saavedra. also, vicente lopez and san isidro are the best if you dare to move 15min away from the capital city
I was just on the phone with a friend talking about Argentina being a place to move to. Bam, this video popped up
I love Argentina, it is cold at this season, I hate endless summers and skiing in Patagonia is great, plus the scenery and the wilderness are simply on par as north america, similar scenery as Colorado and Alberta but with lower regulations.
My main concern is, if I set up a base in Argentina, despite only spending a few months there a year. If I get a citizenship and property there, only have Argentina as a lifestyle option, do the tax authority in Argentina have the ability and the will to enforce their tax laws on me somehow? This is the power many western countries absolutely have, they will chase you down to make you pay or comply with their regulations. I know this kind of strict tax enforcement is not really a thing in many developing countries, especially for us who make money with online business internationally.
I'm just curious if Argentina would have this type of enforcement power to chase my offshore business, as a naturalized citizen who spends only a few months there each year. And have no local job or business except for a property.
Don´t worry, a lot of Argentinians have high amount of millions of dollars in "negro" out of the system and the consequences are nothing, the country have a cultural behavior about evade taxes and hold the dollars in the house´s because the high pressure of the state since 1945 aproximately, 60-70% of the companies is operating 50% in "negro" and 50% in legal at the same time, you only will should declare the minimum and care with you movement´s for don´t call the atention of the Afip taxes services and all will be fine 👍
Tax evasion is illegal in all countries. In Argentina it is very easy to evade taxes because there are few controls. I don't know what will happen in the future. I think it would be good for countries to have very low taxes and for people to have no need to evade them. , the new president has the idea of lowering taxes until they are at a minimum.
You can get a nice 1 bedroom apartment for around $500 a month. It's on my list also!!!
I pay 140 dollars per month for a 2-bedroom apartment and it is not a bad neighborhood and I have 24-hour security. Greetings!
It's on my List too! I wanna go! 🤗
I wondered how long it would take you to make this video. I asked about Argentina also.
Casey lives in a gated enclave with its own security. He should be ignored as a reliable source of information on Argentina.
Congrats on your videos, I thoroughly enjoy them and have learned quite a bit from them. Regarding Argentina, I wold be very hesitant to invest/move there. You mentioned the tax issue which in itself is enough to dissuade any move there. However, also to. be considered is the reality of crime, unions, corruption, social unrest, bureaucracy, and political upheaval. I would wait to see how Milei pans out. When Macri was elected I had great hopes for the country. Not only was his presidency a bust, but I also lost a great deal of money due to his inability to carry out necessary reforms. Milei may run into the same problem, regardless of his charisma and will to enact change. After all, it IS Argentina with is complicated history and the ever-present, coup loving Peronists forever lurking. Even as a tourist, you will find it a very expensive country today in US dollar terms. Best to live in Uruguay and visit, but always mindful of the time spent in Argentina. I look forward to more of your videos! Best regards!
I find Uruguay dreadfully boring. Not for me
Possibly Milei can make a change: ua-cam.com/video/UYs4DCEsdBI/v-deo.html
@@nomadcapitalist I hope so, but history is not on his side, unfortunately.....
Beunos is an unbelievable city. A little bit of crime but statistically not worse than Houston
Interesting.
Argentina has high inflation and massive currency devaluations. Bring lots of United States cash and exchange for the blue note rate. Beware that atm fees are double digit of the amount withdrawn. Blue note rate much better bank exchange rate. Just a heads up
Not anymore!
@@gingipw not anymore? Can you tell us more? Thanks!
@@gingipwjust last week dolar went up more than 10% in argentina 😅 their currency is still unstable
I think it’s an over reaction.. now worth Javier Milei we haven’t any pesos emission
@@neo6982 Milei is emiting money and the dollar is growing up
Argentina is fine for residency but not citizenship in my opinion. What holds the citizenship back is not being able to renounce and the wealth tax.
So, are you saying that only citizens are subject to the wealth tax, but people who just have residency are not? Looking forward to some clarification. Thanks
Residence is the way to go.
One of the only countries with citizenship in 2 years unless one is super wealthy which I am not.
There are many other places to live in Latin America: ua-cam.com/video/q0YD4At3aP4/v-deo.html
Why would someone ever want to renounce Argentine citizenship? It does not entail military nor tax obligations.
Thanks!!!
Arg here. Thx for your video.
Please, consider arg is a big and diverse country. Its not the same Buenos Aires than Salta or Ushuaia or some other plce in Patagonia.
Also: bear in mind local taxes!
Love this!
I live in Argentina and this is a very accurate video! 👍
BECAUSE OF MILEI 🇦🇷🇦🇷🇦🇷
This is what we had to say about Milei: ua-cam.com/video/UYs4DCEsdBI/v-deo.html
@@nomadcapitalist Thanks
I am from Argentina and my 7-year-old nephew has already learned Arrow's impossibility theorem since Milei won. Greetings !
Moving to Argentina because of President Milei and especially his speech in Davos . It was a Masterclass that marked the end of Agenda 2030 . His libertarian ideas are changing Argentina for the better. 🇦🇷 Long Live Freedom! 1 Maccabees 3:19 VLLC !❤
except that the poverty rate has exploded in recent months
The fact that he went to the US and spoke to Clinton is a red flag. He also said he would get rid of the Central Bank .He hasn't.
Milei is literally from Davos. He is apliying the 2030 Agenda in Argentina
Milei for Argentina 🇦🇷 and Bukele for El Salvador 🇸🇻 are the two #1 presidents, equally as good and as beloved!
I'm sorry to say you know nothing about him and his contradictions. People voted him for the things he said he was going to do but instead, he did the opposite
@@GladysAliciaCruceno like what?
@@microcolonel 60% of poorness, a rise in homeless, the most brutal economy adjustment in the history (Milei said that) and for nothing becase the production and the economy is paralyzed and almost no one is selling/producing anything!
@@Eldino1976 and yet the inflation rate has plummeted... Production decreases would lead to price inflation, so clearly people are producing and selling mostly everything they were before.
@@microcolonel You re living here? because the inflation only in numbers appears loe but that's because almosto NOBODY is consuming!! the consume levels is in their lowest point in the history of Argentina in the last 100 years! Even the Argentinian producers said that!
Argentinean women are 🔥
You better believe it Chongo
finally, some relevant information
🔥= psychos that will burn your peace of mind. I agree.
@@MegaWorldadventure lol no doubt....but worth it 😎
I would prefer russian or danish
Been looking at Argentina
A key bill for Argentina, the Bases Law, is being voted on today. If approved (as expected), it will bring about major changes and many opportunities in the energy sector with the new regime for large investments (RIGI). It is also widely rumored that there will be a major investment in the technology sector as well.
Javier....we are waiting .
Hello Andrew,
I have asked you a question about special economic zones SEZ in China and southern Italy and their tax incentives. And how can be profitable?
@Nomad Capitalist Reportedly, many have been purchasing precious metals, diamonds, gems but you haven't mentioned how they would be advantageous to moving where we are treated best. I may have missed that episode? Thank you, Nomad Capitalist Team for sharing are choices!
Look for a country with no capital gains tax if you make your money by trading.
It’s on my list too.
Agree 💯 Great opportunities in Argentina with Milei.
There's a yearly wealth tax of 2% on your worldwide assets. It's off my list because of that
Not for spending brief stays.
2.25%
Tomorrow Congress could change to a new progressive tax with a scale of 0.5 to 1.5 %
Thanks for explaining how to come and enjoy the benefits that argentinian society provides and evade taxes in Argentina, it is really great and it makes a lot of sense.
Go Go Go!!
Argentina has many places to live with different landscapes and climates
Thanks for another great video Andrew and team. I’m considering moving there for a year to check it out. I will be retired living off crypto. How bad is the wealth tax? Can you be a resident for a year or two and avoid this?
The wealth tax is up to 2.25% on assets outside of Argentina and 1.75% inside. If you are a tax resident it applies. If your primary residence is in Argentina you are a tax resident. Milei proposed lowering the wealth tax to 0.5% in his original bill of changes but the reduction was scrapped to help get the rest of the reforms passed (which still haven't been afaik)
@@MarkRose1337 ah ok thanks for this. Let’s hope he addresses it at some point. Argentina looks a lot more interesting than Paraguay!
Please do a video on Uruguay! I hear they are trying their hardest to be the Switzerland of South America
You can see the video about it here: ua-cam.com/video/JN6JhqFusPQ/v-deo.html
Yes they do. Nearly as expensive as Switzerland.
@@vioreliachim5646Really. That's interesting. Is it so expensive?
Switzerland is no more. They capitulated completely. Uruguay is tax friendly but secrecy is not part of the repetoire I call assert protection. For me too boring but everyone has different priorities
@@davids9167 Tax friendly? You wanna see the property taxes I'm paying for a 600 sqm plot of land in a village in Uruguay! And keep going up every year!
you can open a bank account in pesos and usd from your phone. the argentinian bank system is super fast compared to developed countries, with most transactions being instantaneous and stuff like that. still, i wouldn't move a ton of money into those accounts but just enough for daily expenditures
4:42... exactly. I've recently discovered Argentina is not tax friendly at all. When I crunched the numbers (I'm an accountant), I was surprised by the amount of gouging into my wallet I would have to endure. Taxing my US Social Security was bad enough.. but if you have a decent net worth, their wealth tax on global assets is excessive. Then there's Uruguay.. very tax friendly, but they make you take vaccines to get residency. No thanks. So I'm off to the State of Santa Catarina in southern Brazil. I has a European culture with low crime, no wealth tax, low property taxes and minimal dipping into Social Security income. I was born in the USA, but my parents are both Brazilian, so I already have my Brazilian Passport in hand and can speak Portuguese fairly well. At this point it's a no brainer for me. Good luck to anyone wishing to relocate out of the USA. If you are watching global events carefully, you know war is coming... best to get to a safe place soon.
honest take from an argentinian: argentina is the worst at enforcing its taxes. administration barely keep track on local taxes and by paying 1 in 5 annual fees you're absolutely fine, let alone global assets. they simply don't have the tools to trace them
@@babiaal1200 I hear you and I'm not surprised by that... but I'm a devout Christian and have to obey God's command that says to pay taxes to whom taxes are due (Romans 13:6-7). So until Milei makes Argentina more tax friendly, it's just not an option for me.
Based
They have some organic produce, but organic grains are hard to come by. I don't know how serious they are about enforcing night noise in cities and towns; which is a big problem in Mexico or other.
Argentinian cities are not for you then. They're famous for staying out until dawn, and they are known for being loud all night. You might find peace in a rural area though.
I see the Tucan, so this video must have been made in Columbia:) Love this video. Hits all the right benefits. Peace, soon.
Wouldn't Argentina be a good place to get a loan? Get a loan. Wait. Peso loses it's value. Pay it off easy with your us dollars.
Well, the rate of the loan shall probably be close to 35%, but nonetheless, this is very beneficial if inflation is 85%.
I don't think that banks will gamble when it comes to the gigantic interest rate to such a loan.
I dnt think credit is available mostly bz of this
I watched a video from a real estate investor in Argentina explaining the process of buying property as a foreigner in the country which is by and large the same as citizens, but the one thing he was clear about is mortgages do not exist as a product in Argentina and most purchase contracts are quoted in USD because of the inflation in Argentina and it has been this way since the 1970s. Loans in Argentinian Pesos don't sound like they happen much.
Given that the dollar is now lower against the peso than it was in January, and,you’d be paying exorbitant interest, no, not a smart move
This some wild shit. Millei has been in office for 5 minutes and inflation is at 300%!
Inflaction Are failed You eeuu
Looks like an Intriguing place.
Bad if they adopt the USD.
I think this video it's out of place. He should talk about the economical situation there that was and now it's more fucked up because of the new president. First video that I think it's misguiding. Because I don't think the situation there is going to end up well with this president and if someone moves there he's going to be affected by it and it will be bad.
@@gonxhunter1941 You can't just throw bombs and run. Explain.
@@gonxhunter1941 imho... literally thinking, if the situation is bad, mean economy downturn and properties downturn in argentina all goes rock bottom super bellow market price, that supposed to mean it is the best time for them to buy? like megasale! cheap cheap cheap...because as a capitalist, they think the other way around. it bad for the people there, but not for who got money power from outside.
Agree! The US dollar will go down
@@mysticdreamworks
Isn't it a benefit when the new owners contribute, assimilate respecting the culture, laws and values as well as purchasing, maintaining, updating said property which usually increases the neighborhoods property value?
They dont mess around when it comes to renouncing
Argentina signed the regulations on crypto KYC that didn't originate domestically demonstrate how powerful the BIS is over sovereign Nations.
Agreed FATF came here and basically blackmailed the govt. Milei shouldn't trash AR relations with China and Russia. Terrible
Agreed on the hiring opportunity. I am looking to offshore a part of my business and need intelligent, educated, English-speaking people. Obviously wage cost is a factor. Eastern Europe is compelling, but with the world trying its very best to lose its collective mind right now, I wonder how stable that area will be in the short to medium time frame. I have been hearing more about Argentina as an offshoring destination. Agreed the North American time zone sync is a big plus.
The passport is tempting. I might consider it and take on the inability to renounce risk if not for a couple of other factors in their immigration legislation. Apparently it is written (though not always enforced), that naturalized citizens who later naturalize in another country could have their Argentine citizenship revoked. Also, there is a requirement for regular visits to maintain the citizenship (again, likely not always enforced to the letter). Perhaps less of a concern if I have an office of staff there, but otherwise, Argentina is not "on the way" to too many places, so stopping in regularly is a big factor.
Two years to a descent passport, sipping Merlot and eating beef, there are worse things, so I am still considering it. It seems their CFC rules might give you an out for active business corporations, so getting hit with high taxes on only the personal income for a couple of years seems a reasonable trade-off for the travel document.
You may want to get another passport that doesn’t require you to waive your current citizenship, and get easier access to Argentina. If you get another Mercosur passport, you can go for 3 months a year and request residency, for example, if your current passport doesn’t already guarantee you that. As a bonus your get yet another passport and doesn’t have to renounce. If you want to renounce and find it unstable in Argentina, choose another more stable country and go from there.
@@carolinas8886 Agreed. I am considering Peru for the passport, following exactly the logic you outlined. It is more or less the same 2 year qualifying period. I have heard good things about Lima, but having already spent time in B.A., I was leaning to Argentina as a preference for the time on the ground portion of qualifying for the passport.
That, and if I could have combined the 6+ months a year in-country, with the creation of a local office, it would have been time well-spent. Maybe Peru offers a similar off-shoring opportunity, though I'm not certain that English proficiency is quite as high (crucial for any staff).
@@realalexmackenzie Argentine passport is far better than the Peruvian. and Education-wise is an absolute different world altogether.
Why dont you pay a normal living wage to someone from an Native English speaking country.
Argentina can deliver up to the highest standards, just make sure you find the right people.
Timely video, just arrived here 2 days ago.
I wonder which charges the lowest taxes for dividends between Mexico, Colombia, Brazil and Colombia. Dividends in the Philippines are not taxed twice. I think being a mexican tax resident means you're charged 15% tax. I don't see a fixed amount for the other countries.
Take care with dividends taxes in Latinoamerica because most of the countries don't have a double tax agreement with USA, Canada and some European countries so you will be taxed twice. For USA 30% and 25% for Canada.
Brazil has 0% dividend tax.
Uruguay where I live taxes you 12% on dividends but if you pay more than that on origin, you can fully deduct that and not pay anything extra. Besides that, there is not capital gains tax on stocks in Uruguay.
Brazil and Mexico have agreements with my country, the Philippines. I can't seem to find the right tax percentage, though. I am referring to earning dividends from a foreign source (Filipinas) as a resident of a latin american country.
Argentina hit rock bottom 25 years ago and now has a rational new leader to bring the country back to its former glory.
What former glory???? Massive unemployment, social unrest, 60% poverty, brutal repression, increasing homelessness, U.S. pricing on everything, but miserable argentinian salary, erosion of all safety nets, crime and violence on the rise, rampant national debt, 300 to 500 % increase in utility prices, businesses collapsing far and right every single day, malnutrition, an eroding middle class and a president that has hitched his star to a visibly declining western "values". Is that the glory you're talking about??? 🤦♀️🤭
But of course, as long as it is cheap for foreigners 😢
I know what I'm talking about. I Am argentinian.
@@marilucorracini550 The welfare state always collapses. Correcting that is going to hurt for a while as millions on the dole will be forced to work for a living. The root problem was greed on the part of the leaders, in conjunction with Zionist world banking schemes to fiat paper our buying power into worthlessness.
Things WILL get better as long as the country stays on this new course. You have to get rid of the welfare so you can have a healthy economy. The transition is gonna hurt, but you have a good leader who loves his country and wants to do the right thing, even if the idiot masses are unfavorable to it.
When I was looking for apartment to rent, if there is smth looks nice close to western standards its overpriced compared to options in Mexico for example. Food is great and cheap ..
Hace dos días se aprobó la ley bases !!!
What's cost of living like here? Is Argentina self sufficient? Can Argentina keep their cost down?
I lived 34 years in Argentina. Before moving back there I would give it at least a couple of years, safety and economy being my top concerns there. I do think the current government is taking the right measures, but it might take a bit to sink in.
I saw someone saying in the comments that the dollar goes far in Argentina, yes that was before! Supermarkets now are as expensive as in Sweden, and all prices (including rent) are recovering from years of being artificially controlled by the government.
I hope it's in the top of the list in a couple of years!
EVER WESTERN PEOPLE is more than welcome to Argentina. ❤
Just got back from 2wks in Buenos Aires.
Have made up my mind to pickup and move there
Cool!
bueno, menos mal que tengo pasaporte argentino, no tengo que preocuparme por trámites para el futuro si quiero vivir ahí :)
Please come to Argentinia, it is a utopia. Come to Tucuman (is literally mexican Wacanda)
I want that toucan lamp! I'm moving to Argentina in January. Going to scout out various cities in Sept. Millei is going to bring Argentina beyond where the US is because he is cutting spending while we are increasing spending increasing debt. Millei is an exceptionally qualified economist. You have to get a bank account for the rentista visa and deposit 2k per month in AR bank. I'm concerned Argentina will become a target for FARC terrorists. I'm certain Millei will deal with it if he wants foreign investors. I read guns smugglers were just arrested in Mendoza.
Javier is a WEF “global leader” associate.
It's great to move to Argentina. Don't count on Milei
Move to Paraguay, visit Argentina / Brazil.
In Argentina, not all types of immigration are encouraged, but only those that are beneficial to the country. Nowadays, with the reductions to the state and all those that will come over time, state aid to foreigners will gradually come to an end
Argentina have always been good to live (if you dont need to work there) 😅
Salaries are super low
The Summer of Buenos Aires is Very Hot, and the Winter is Cold, but not so Cold as the US North States!!
I live in Brazil, an Argentinian Neighbor Country, and I've been there 3 times and I feel the heat of Buenos Aires in Summer = It's as hotter as Rio de Janeiro is in Summer!!
There is not taxes from ur international incomes if u are living in Colombia