The government removed dollar restrictions for foreign workers

The government removed dollar restrictions for foreign workers
Luis Caputo and Javier Milei
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porEditorial Team
Argentina

The BCRA has allowed the inflow of foreign currency for those who export services abroad, eliminating the annual cap of US$36,000

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The national government took a key step in its deregulation policy and economic liberalization: the Central Bank (BCRA) announced the elimination of the annual US$36,000 limit that applied to professionals working for foreign clients who bring their foreign currency into the country.

The decision was formalized through Communication "A" 8330 and will take effect this Friday. According to the details provided by the institution, from now on payments for service exports will not have any restrictions on being settled in the official market, which represents a deep change for thousands of freelancers, technicians, and professionals working with clients abroad.

Luis
Luis "Toto" Caputo

"Eliminating the annual US$36,000 limit, enabling individuals to use the exception mechanism for the obligation to settle payments for service exports established therein without any amount limit", states the BCRA's provision.

The measure also protects knowledge workers against abusive practices by the financial system. In fact, the Central Bank established that banks may not charge commissions to resident individuals for the crediting of foreign currency income from abroad into foreign currency accounts. The provision applies not only to service exporters but also to those who receive their own funds or family assistance.

However, only charges corresponding to services provided by foreign entities will be allowed to be passed on, provided they are duly documented and charged at cost.

It is worth noting that this relaxation crowns a gradual process initiated during Milei's own administration: in 2024, the cap had been raised from US$12,000 to US$24,000, and in January of this year it was increased to US$36,000. Now, the limit disappears completely, consolidating the freedom for the entry of genuine dollars.

Javier Milei, presidente de Argentina.
Javier Milei, presidente de Argentina.

Covered activities

The regulation exempts from settlement those who export services in key areas of the knowledge economy and professional sectors. Among them:

Advertising services, market research, and public opinion polling services.

Architectural, engineering, and other technical services.

Trade-related services.

Other business services.

Audiovisual and related services.

Other personal, cultural, and recreational services.

Other health services.

Educational teaching.


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