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4 September 2024

Legal News Alert - Special Edition: RIGI

PAGBAM Legal News Alert Special Edition - Alerta de Novedades Legales Edición Especial - RIGI

4/9/2024

ALERTA DE NOVEDADES LEGALES

LEGAL NEWS ALERT

Régimen de Incentivo para Grandes Inversiones

Incentive Regime for Large Investments

El BCRA dictó las primeras Normas Cambiarias aplicables al RIGI

A través de la Comunicación “A” 8099 de fecha 29 de agosto de 2024 (la “Comunicación”), el Banco Central de la República Argentina (“BCRA”) dictó las primeras Normas Cambiarias aplicables a aquellos Vehículos de Proyecto Único (“VPU”) que adhieran al Régimen de Incentivo para Grandes Inversiones (“RIGI”).

En tal sentido, el BCRA incorporó precisiones respecto de las Normas Cambiarias aplicables a (a) la exportaciones de bienes; (b) las exportaciones de servicios; (c) las operaciones de anticipos, prefinanciación y postfinanciación de exportaciones; (d) el acceso al Mercado Libre de Cambios para las operaciones de egreso de divisas; (e) el pago de utilidades y dividendos a accionistas no residentes; (f) la repatriación de inversiones directas; (g) operaciones financieras habilitadas para aplicar cobros de exportaciones de bienes y servicios; (h) el mantenimiento de cobros de exportaciones de bienes y servicios en el exterior para el fondeo de cuentas de garantía de endeudamientos; (i) deudas comerciales por importación de bienes de capital y/o servicios de fletes; y (j) aportes de inversión directa en en especie mediante la entrega de bienes de capital, entre otros. 

Asimismo, el BCRA aclara que (a) los beneficios cambiarios del RIGI no podrán ser acumulados con los incentivos cambiarios existentes o que se creen a futuro; y (b) las Normas Cambiarias aplicables a los efectos de la “estabilidad cambiaria” serán aquellas aplicables a la fecha de adhesión del VPU al RIGI.

Para mayor información, por favor contactar a Diego Serrano Redonnet.

The BCRA issued initial Foreign Exchange Regulations applicable to the RIGI

On August 29, 2024, by means of its Communication “A” 8099 (the “Communication”), the Argentine Central Bank (“BCRA”, after its Spanish acronym) issued the first set of Foreign Exchange Regulations applicable to those Single Project Vehicles (“SPV”) that adhere to the Incentive Regime for Large Investments (“RIGI”, after its Spanish acronym).

In this regard, the BCRA provided clarifications regarding the Foreign Exchange Regulations applicable to: (a) exports of goods; (b) exports of services; (c) operations involving advances, pre-financing, and post-financing of exports; (d) access to the Foreign Exchange Market for making payments abroad; (e) payment of profits and dividends to non-resident shareholders; (f) repatriation of direct investments; (g) financial transactions authorized for applying collections from the export of goods and services; (h) funding of guarantee accounts with foreign currency originated in the collection of proceeds corresponding to the export of goods and services; (i) commercial debts for the import of capital goods and/or freight services; and (j) direct investment contributions in kind through the delivery of capital goods, among others.

Additionally, the BCRA clarified that: (a) the foreign exchange benefits under the RIGI cannot be accumulated with existing or future foreign exchange incentives; and (b) the Foreign Exchange Regulations applicable for the purpose of the “foreign exchange stability” will be those in effect on the date of the SPV’s adherence to the RIGI.

For further information, please refer to Diego Serrano Redonnet.

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Aviso: esta publicación y la información contenida en la misma no tiene por objeto reemplazar la consulta con un asesor legal.
Notice: this legal news alert is not intended to replace legal advice but to provide information of general interest.

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