IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 17 Aug 2011 | Removal date: open ended
Still in force

Labour market access

As of 17 August 2011, employers in Argentina are no longer required to submit company balance sheets when registering with the Registro Nacional Unico de Requirentes Extranjeros (RENURE).
 
According to the law firm Fragomen, an entity in Argentina must register with RENURE and have a unique corporate identification number to sponsor foreign nationals for work visas. The sponsoring employer's original Certificate of Registration, or a notarized copy, is a required supporting document for all work visa applications. Employers must also update their RENURE file annually.
 
It has been argued that employers with operations in Argentina should benefit from this development. Completing the RENURE registration process is one of the more complicated and time intensive parts of Argentina's immigration process, and having to present balance sheets was one of its more onerous requirements. Not having to submit balance sheets should simply the process for employers.

AFFECTED COUNTRIES

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