It is my understanding that, although the USA does not have a treaty with Argentina regarding taxes, USA citizens can file a Form 1116 (Foreign Tax Credit) when filing taxes, which is a dollar-for-dollar tax deduction on US taxes for each dollar Argetina charges. It was specifically designed to prevent double-taxation. The USA also does NOT tax Argentinian income under $120,000 (Foreign Earned Income Exclusion). There are also partial tax write-offs for housing, rent, utilities, and insurance for US citizens living abroad (Foreign Housing Exclusion). I don't think the double-taxation with US citizens living in Argentina is as scary as you portray. Correct?? It should not prevent US citizens from moving to Argentina.
@abeonthehill166
Ай бұрын
I suspect that if a US Citizen was seeking another place to call home , if they have a decent income of perhaps $ 30,000 to $50,000 per year then your ideas would be great however, if the annual income is say $100,000 + then maybe Paraguay may be a better option as their Taxation on income is ( apparently ) lower moreover, i was told that a Citizen of Paraguay can easily live for part of the Year in : Brazil , Arg, Uruguay as well ( MERCOSUR trade group ) . I have also seen video’s suggesting that former Americans who have renounced their US Citizenship and have Argentine Citizenship and another Citizenship as well; the Tax Authorities in Arg do not investigate their income like the US or western EU Nation may do . I have also been told the Tax Authorities in Arg are not actively running after you for info all the time.
@theTimHernandez
4 ай бұрын
Javier Milei is the only reason I am watching this. Thanks.
@NomadElite
4 ай бұрын
Can you elaborate further? Thanks.
@ImaDoGToo
3 ай бұрын
Exactly. Same.
@elperro3056
3 ай бұрын
He great
@Alexa6124
2 ай бұрын
Me too !! I love Milei ideas libertarían because I am always been libertarian !!
@teacheralexisjoseph6995
3 ай бұрын
I saw your slogan , ''helping middle class nomad'' That is a unique vision you, guys have identified a great niche ,not everyone is rich it is no tlike the other channels that only Project themselfves for rich people who are looking a second option but for middle class income people persuing a secundary option just in case.
@NomadElite
3 ай бұрын
Thank you! Middle-class expats are the heart of our company, and we couldn't thrive without them.
@lalimasson
2 ай бұрын
Hola, hay distintos tipos de permiso residencia, no necesitan sacarse la que te cobra impuesto. Hay permisos temporales de 3 meses, que se pueden extender a 6 meses. Luego salen del país unos días, vuelven a entrar y tramitan de nuevo el permiso temporal. Y además pueden ingresar productos para uso personal, sobre todo tecnología, sin pagar aduana. Es decir, pueden venir, trabajar online y no tributar en ambos lados. 😘
@marm317
Ай бұрын
Venden a Paraguay en un post de Argentina. Cambien el titulo
@gloriabecker5515
5 ай бұрын
The New President of Argentina is a Libertarian and will ABOLISH most Taxes so please do not Discredit Argentina just Because You Want To SELL Paraguay!!
@NomadElite
5 ай бұрын
We're backing both countries, and the video is based on the current tax laws. Whatever will happen in the future will happen.
@baronarikov1223
5 ай бұрын
Look at the inflation 😂
@prospereveryday2255
2 ай бұрын
@@NomadEliteHi is the residency program also for africans like myself? I am a Ghanian and want to relocate to argentina through one of these programs: Investment of $20,000 into an existing business Rentista visa Birth tourism Kindly give me more informations about them and the price for the whole process Thanks.
@oscarcoronel4175
2 ай бұрын
@@prospereveryday2255 Si amigo, es para todo el mundo igual. Las leyes de inmigración aplican por igual a cualquier persona para Ghana requiere Visa pero estando acá nadie te dirá nada podrás tramitar tu residencia, no existe deportación en Argentina.
@prospereveryday2255
2 ай бұрын
@@oscarcoronel4175please tell me is Argentina $20,000 investment visa still available? Does Argentina really approve rentista and investment visas for Africans?
@dl5270
2 ай бұрын
Great video! I've started considering Argentina in March of 2022 and went there for 6 months in October same year. Been staying here since November 2023 onwards this time around. Mostly agree with your points, but for permanent residency it's important to know that: 1. US Criminal Records (and marriage certificates) have to be APOSTILED! This is VERY important! Apolstile can ONLY be done in the US, you can NOT do it in the US Embassy (although you could notarize documents otherwise) 2. ALL US Documents have to be translated by a certified translator and "legalized" by a State entity
@joeblasco5470
9 күн бұрын
Everyone is welcome to ARGENTINA, special Americans friendly people
@NomadElite
6 күн бұрын
Thank you for your warm welcome, Joe.
@lowbloodprsure
3 ай бұрын
Can you make a video about moving to the country of TEXAS?
@NomadElite
3 ай бұрын
haha good one
@SaltyDraws
Ай бұрын
Today I learned that Argentina does not have a double taxation treaty with USA. Thanks! I wasted a lot of time looking into residency in Argentina but that is a show stopper.
@WalterSmekens
2 ай бұрын
Salsa is cuban, my friend.
@harryrocco7591
23 күн бұрын
He meant Tango
@prateekchawla786
20 күн бұрын
Hey...does a salary of $2000 count as income requirement? Or does it have to be passive?
@esunrise9004
26 күн бұрын
Does Argentina tax foreign disability payments? Thanks for the video!
@dcfunhouse
5 ай бұрын
dang, really wanted to try BA and Argentina, but no double taxation treaty with USA atm is really a tough break.
@kevinscottbjornson
3 ай бұрын
I will scratch Argentina off my list as I am a US citizen and wish to avoid double taxation. Thanks for the tip on Paraguay.
@NomadElite
3 ай бұрын
You may not have to pay taxes to both governments, if you qualify for the foreign earned income exclusion; plus there are further options that you can utilize.
@kevinscottbjornson
3 ай бұрын
@@NomadElite The AI said that since my passive income is US-sourced (VA pension, SSR and also oil companies operating in the US), this income would not qualify for the foreign earned income exclusion. The AI said that condos in Paraguay are ~$80,000, rents in city center are ~$400. Thanks for your insights. I had favored Argentina due to the political experiment of the new president, but can't afford double income tax. I have a TESL certificate and wonder if I could teach English in Paraguay.
@SenorJuan2023
5 ай бұрын
No double taxation treaty with the USA?
@jefflaporte2598
Ай бұрын
What if you just have a chunk of cash from selling a home and want to retire in Argentina? I wouldn't have income in either country but plenty of money between the sale of the house and savings to retire.
@NomadElite
Ай бұрын
You'd be the king of Argentina!
@khanafsarkhan357
Ай бұрын
Hello Sir...Very Nice and Informatic video....Sir tell me about Uraguay Rersidency..thx
@NomadElite
Ай бұрын
Thank you. Please watch our videos on Uruguay.
@dtftoronto1402
4 ай бұрын
How about opening a small business in Argentina for Canadian citizens
@NomadElite
4 ай бұрын
What kind of business are you interested in?
@WeDidntExpectthis
5 ай бұрын
If comparing the costs between Buenos Aires Argentina to Asuncion Paraguay - is one city clearly cheaper than the other one regarding cost of living (especially looking at rental costs and food)? Or are they both similarly priced? thanks!
@NomadElite
5 ай бұрын
It completely depends on the neighborhood you're looking to live in. The cost of living is similar in Asuncion and Buenos Aires; there is not much of a difference.
@patrickdumalasa606
3 ай бұрын
Asuncion is slightly cheaper maybe 20% cheaper than Buenos Aire.
@eoh6708
3 ай бұрын
Worldwide income. I'm out!
@wisikahn
2 ай бұрын
Wht we need the rentista visa for Argentina? To get ripped off?
@WeDidntExpectthis
5 ай бұрын
Good video. You mentioned that for residency a person would need the equivalent of a minimum monthly wage of an Argentian - and that would not be increased even for a couple. Do you know approximately how much that is at the moment? And what was Argentina like during the pandemic? Were vaccines manditory or was it voluntary? thanks.
@NomadElite
5 ай бұрын
To qualify for the Rentista visa, you're looking at roughly $1,200 in monthly income. The same holds true for couples. You may need more income if you show up with a large family.
@cieloabatido
2 ай бұрын
With inflation, you will live well with $2000 monthly for a single person, everything is expensive now, even in dollars
@minchov
2 ай бұрын
Wait! Salsa???💃
@fredi4113
22 күн бұрын
So basically ARG does everything so that no one comes.
@daaniyaan8484
4 ай бұрын
is there any more details on what the proof of income can exactly be? if someone has money in crypto is there a way to convert that into one of those options? thank you.
@NomadElite
4 ай бұрын
Roughly $1,200/month right now
@jimmyhvy2277
3 ай бұрын
At 20% goods and services Tax , No Thanks !
@joebloggs339
5 ай бұрын
You can theoretically apply for a passport after 2 years of "full-time resideny" (is that 6 months +1 day per year?)but the thing that swayed me away from it was that after 12 cumulative months of Arg res, you are req'd to pay wealth tax on your total assets IIRC. Do you know of any ways to get the passport without making Argentina your perm home and without triggering this wealth tax?
@p.c.h.6721
5 ай бұрын
You can get an Argentinian passport, without living in Argentina, if one of your parents has an Argentinian passport.
@NomadElite
5 ай бұрын
Argentina requires residents to live in the country most of the time.
@TheWanderlustDairies
4 ай бұрын
@@NomadElite What is the timelines for residency & citizenship by marriage in Argentina? Is that immediate or is there any time frame for it.
@RomilCPatel
4 ай бұрын
@@TheWanderlustDairies You can apply for citizenship immediately if your have a Argentine spouse
@Greg-pd5bc
4 ай бұрын
Any offices to help with procedures?
@NomadElite
4 ай бұрын
You're welcome to use Nomad Elite, one of South America's most sought-after relocation agencies. Please send us an email. Thank you.
@KB3TLE
Ай бұрын
Does this mean (?) that a US '''retired''' expat - must pay taxes on Social Security income - if - 'that' is all the income we have - - - and desire to live in Argentina long term retired ? Not many other countries tax SS income on US expats ! --?-- Say it ain't so ! ! ! --?--
@gnolan4281
4 ай бұрын
Does Argentina tax retirement income? I am a resident of Colombia where they do tax world-wide income but not Social Security retirement income if it is the ONLY source of income. I ask becaue the Rentista visa seems to be for all types of income.
@gab-123-abc
2 ай бұрын
yes
@Mongoose-ct6us
2 ай бұрын
Salsa is not part of Argentina culture. Tamgo is.
@harioommalpani2087
3 ай бұрын
How to get in touch with you ?
@NomadElite
3 ай бұрын
Please email us and we will be in touch.
@20kevron
5 ай бұрын
Do they allow you to renounce as yet?
@NomadElite
5 ай бұрын
Argentina citizenship cannot be renounced. Perhaps legislation will change, but that's the rule right now.
@abeonthehill166
Ай бұрын
I tried to subscribe to this website and i couldn’t ,……….!
@NomadElite
Ай бұрын
What do you mean?
@abeonthehill166
Ай бұрын
@@NomadElite i pressed the “ subscribe “ button and nothing ! I just tried again and was successful …? All is well now !
@borispetkau1246
3 ай бұрын
What's about hunting in Argentina and gun ownership
@patrickdumalasa606
3 ай бұрын
Argentina is more restrictive with gun ownership. Paraguay have more freedom when it comes to gun ownership. You can have permit to carry if you pay taxes in Paraguay. But guns and ammo are quite expensive compared to USA.
@othmanalkhalil907
2 ай бұрын
Hello i am from libya and i want to move to argentina
@cieloabatido
2 ай бұрын
The salsa 😂😂😂
@NomadElite
2 ай бұрын
Tango!! 😂
@perritomalvadoPerrito
2 ай бұрын
Salsa????? hmmm... no creo que sea argentino eso
@SenorJuan2023
5 ай бұрын
Now I'm thinking Serbia, Albania, or Thailand.
@baronarikov1223
5 ай бұрын
No to the balkans
@SenorJuan2023
5 ай бұрын
@@baronarikov1223 Why?
@NomadElite
5 ай бұрын
Ready to move?
@SenorJuan2023
5 ай бұрын
@@NomadElite Have to get online business going first. Hoping to move in the next year or so.
@Mongoose-ct6us
2 ай бұрын
Why no to Balkans?@@baronarikov1223
@adrianalibre4876
4 ай бұрын
Not only do you need a birth certificate but it must be apostilled
@NomadElite
4 ай бұрын
True
@gnolan4281
4 ай бұрын
@@NomadElite That contadicts the content of this tutorial doesn't it?
@victorv3890
5 ай бұрын
“When you hear Argentina you think about” the people who moved there in 1945 💀😂
@NomadElite
5 ай бұрын
Lots of Germans went to Argentina during that time!
@8d4o0c4
4 ай бұрын
There were already a lot of German and Swiss immigrants in Argentina well before WW2. Bariloche was already a beautiful, Swiss-looking, chocolate-making enclave before any bad guys showed up!
@10percentforthebigdementedguy
4 ай бұрын
The good guys left.
@xkennel6272
3 ай бұрын
no nos hagan lo que a mexico, gracias
@Heymanputhisfingersinmetoooah
4 ай бұрын
Argentina only equals maradona and the hand of God - Mexico World Cup 1986!!!!!!!!
@elperro3056
3 ай бұрын
Is it expensive now or still cheap like 12 month ahonheqrd prcies go up
@GoldSniper-ox7rk
3 ай бұрын
Its expensive, i moved here 3 weeks ago and im learning quickly.
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