ANNOUNCEMENT 21 Feb 2011

In February 2011, the government of Argentina announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Official Gazette. (2011). Resolution 35.615 (2011). Issue 32096, available at http://www.boletinoficial.gov.ar

Summary in English is available at http://www.ciab.com/WorkArea/DownloadAsset.aspx?id=1928


Inception date: 21 Feb 2011 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 21 February 2011, the Argentine insurance regulator tightened the rules under which foreign firms may operate in the domestic reinsurance market.
 
Under the new regulation, foreign-owned firms are requiered to establish a local subsidiary that is subject to Argentine law with a capital of at least AR 20M (approximately $5M)

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A