In force since Apr 14, 2025
Dividends abroad: transfers return for non-residents
BCRA Communication "A" 8226/2025
in forceNATIONAL
FX and exit from currency controls
Com. BCRA "A" 8226 allows transferring profits to non-resident shareholders for fiscal years starting Jan 1, 2025, with audited financials.
The other rules on this subject14
Currency controls: exit for individuals and floating bandsDecreto 269/2025 + BCRA Com. "A" 8226in force
The Central Bank reform cleared both chambers and returns to the Chamber of Deputies over the Senate's changesExecutive branch bill · Chamber of Deputies Aug 26, 2026 · Senate with changes Sep 24, 2026pending
Debt with the parent company: payable without prior Central Bank approvalBCRA Com. "A" 8417 (Apr 9, 2026)in force
What changed and who it applies to
What changed
The BCRA enables financial institutions to grant MULC access to remit profits and dividends abroad to non-resident shareholders, when they correspond to earnings realized in audited annual financial statements of fiscal years started from 01/01/2025. It is part of Phase 3 of the program (exit from the currency controls / floating bands, April 2025). Profits of fiscal years started up to 12/31/2024 are excluded from free access and can only be channeled via BOPREAL under conditions. verif Apr 11, 2025 ↗
In force
Operational validity from 04/14/2025 verif Apr 14, 2025 ↗
Who it applies to
Companies with non-resident shareholders (foreign capital) seeking to remit dividends abroad, and the financial institutions / FX operators that intermediate those operations in the MULC. National scope (issuer BCRA). verif Apr 11, 2025 ↗
The norm
Comunicación BCRA "A" 8226/2025, Point 6 (issued Apr 11, 2025, published in the Boletín Oficial Apr 16, 2025, notice 324125) verif Apr 11, 2025 ↗
Our reading
The tap reopens for foreign capital to take its dividends home: a central piece of the exit from the currency controls (rule R2, FX and foreign-exchange normalization). It restores the legal security an investor asks for before writing the check (R3 · stability → long-term investment): if profits can be repatriated, the country returns to the radar. What we watch: that the opening holds — it is tied to fiscal years from 2025 onward and to the FX band not coming under strain. thesis
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Where it lands, province by province1
Neuquén The Vaca Muerta operators with foreign capital (Shell, Chevron, ExxonMobil/divestments, TotalEnergies, and subsidiaries with non-resident partners) recover the route to remit dividends of fiscal years from 2025: it improves the repatriable rate of return and reduces the FX-risk discount, reinforcing the upstream investment thesis and the appeal of the energy RIGI. favorable the RIGI promise is kept thesis
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Analysis and curation: Ignacio Aredez
Head of Despegue
Method and track record →- 20+ years in technology, 15 of them in data and AI, for clients across Europe and the Americas
- Certified in AI governance (ISO/IEC 42001)
- Machine Learning (Google Cloud)
- Registered expert with the European Commission
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verif primary source · prob primary source pending · unconf a source said it · estim our own calculation · thesis our reading · the date belongs to the datum, at the precision its source allows