Argentina ~ Persons of Independent Means Visa (Rentista)
Time to Permanent Residency: 3 Years ~ Time to Citizenship: 5 Years
Under the act no 25.871, Dto. 616/2010, Dto. 70/2017 a foreign national who has annual income of at least ARS30,000, may be eligible to apply for a temporary resident visa. The visa has a validity of 1 year, renewable up to 3 years. After that, the resident may apply for permanent residency. After two years of permanent residency, the resident will be eligible for citizenship.
It is required to prove an annual income of at least ARS30,000 from a guaranteed source. It includes the applicant, his / her spouse, and children under 25 years of age.
You must show proof of your income from investments in foreign banks or companies, or securities issued by banks in the Argentine banking system and purchased with resources from abroad. Additional income might be required to include dependents.
This requirement may be fulfilled making a bank deposit of at least ARS30,000 at a local bank.
Rentista Visa holders may establish a business or work on their own, but may not work as employees
The visa has a validity of one year. You can renew the visa on condition that you still meet the requirements, i.e. make another deposit or prove a source of income. After two renewals, you will be eligible for permanent residency.
Requirements
– Clean criminal record. Police clearance certificate from the countries where you have resided for a period of more than one year during the last three years, together with an affidavit stating a lack of criminal records.
– Entry visa stamp (if proceeding)
– Proof of income from investments in foreign banks or companies, or securities issued by banks in the Argentine banking system.
– Proof of source of funds/income.
– All documents must be duly translated into Spanish.
Documents Required
Affidavit regarding criminal records- Original Police Clearance Certificate
- Evidence of Residential Address
- One passport-size photo
- Bank Statement
- Original or Certified copy of Marriage Certificate (if applicable)
- Original or Certified copy of Birth Certificate (if applicable)
- Statement of Source of Funds
- Proof of income
