Tourism numbers well up in January in Argentina

image of Vida cosmopolita en Buenos Aires
The year started off on the right foot for incoming tourists sector as more foreign visitors arrived in the country in January, spending more than the same month last year. The number of foreign tourists visiting the country in January rose 9.3 percent, compared to the same month last year, to 706,400 people and their spending rose 17.3 percent to US$290.9 million, the INDEC statistics bureau reported yesterday. The figures show a continuing trend following the positive results of 2014, when more foreign tourists…

FATCA – America’s tax rort is exposed

The FATCA or the Foreign Account Tax Compliance Act. This is one-sided law which forces other countries to enforce US tax laws. If they fail to do so, they’re effectively locked out of US markets and the US dollar – the world’s reserve currency (at least for now). FATCA imposes a 30% withholding tax on interest, dividends, rents, and similar payments leaving the US. The only way to avoid the tax is for foreign financial institutions (FFIs) to act as unpaid IRS informants. Withholding came into effect…

Are disruptive technologies like Airbnb and Uber creating another new black economy?

Are disruptive technologies like Airbnb and Uber creating another new black economy? It is called the “shared economy”. It has been embraced by millions of consumers globally, and has made multi-millionaires out of the savvy entrepreneurs behind its most high-profile services, like Uber and Airbnb. But for governments around the world, it has proved to be a difficult beat to police. The likes of Uber, the taxi industry disrupter, and Airbnb, the room-sharing service, have at times refused to play…

The story of Argentine Malbec´s worldwide success

Argentine Malbec wine investors are benefiting from a new set of new consumers from Shanghai to New York that had quickly adopted Malbec as a favorite new wine. Disenchanted merlot drinkers found malbec to be a great substitute, and steak eaters searching for something to drink besides Cabernet Sauvignon, were pleased with how it paired with their favorite food. Thus Malbec gained traction and by early 2007 was growing rapidly from a small base. By 2009 it achieved a 50% growth rate in one year. Argentine Malbec´s …

Carnaval in Buenos Aires!

This year there are 112 street bands participating in 37 parades in various neighborhoods of Buenos Aires.  Corsicians in lavish costumes dance through the streets to the rhythms of contagious drumbeats.  The street musicians typically try to tell a story through humor and irony to make social commentaries about the country or its politicians. The parades are held in different districts of the city as Abasto, Almagro, Bajo Flores, Bass Núñez, Balvanera, Barracks, Belgrano, Boedo, Caballito, Coghlan, College,…

Residential Rents in Buenos Aires are soaring as landlords seek to stay ahead of inflation

Residential Rents in Buenos Aires Renting a house or an apartment this year will be between 25%  and 30% more expensive. Locate experts and real estate brokers estate agree that the determining factor is inflation. “Rents increased between November 2013 and March 2014, 28.5 percent; so today, if new residential rents are line with this trend continues, the increases for 2015 will could well exceed 30 percent with semiannual adjustments of 15 percent plus. Besides inflation, Germán Gómez Picasso, co-founder…

Has a financially desperate Argentina sold its soul to China ?

Experts warn preliminary agreement violates local legislation by including a clause transfer Chinese manpower for infrastructure works An investment and infrastructure works deal with China that passed the Argentine Senate in the embers of last year overrides local laws, is shrouded in secrecy, fosters lack of transparency, and will have a high economic cost for beleaguered financially desperate Argentina, international relations pundits say, echoing concerns vented by the opposition. Among the main criticism,…

Argentina in Top 5 of World’s Best Places to Buy or Retire in 2015

Argentina in Top 5 of World’s Best Places to Buy or Retire in 2015 Everyone who is interested in buying international real estate loves to take advantage of a market in crisis. According to world renowned publisher, Kathleen Peddicord of Live and Invest Overseas,  Argentina tops the list for countries where buyers can benefit from the strong dollar.   She claims “this is where you could get a great deal on a second home in the sun, a holiday escape that you could rent out when you’re…

Argentines have best level of English in Latin America

Anyone over 50 years can attest to the fact that learning a new language is hard work. All the more if you are an Anglo male. However, the good news is that Argentines women in particular are by far the most articulate English speakers. English is extremely popular in Argentina. It is so popular, in fact, that the country stands heads and shoulders above the region. Argentines are the most proficient in English in Latin America, and it isn’t even close, achieving high proficiency in the language in a region…

5 Reasons You Will Not Succeed Selling Real Estate in any country

Unless you are fully committed to real estate as a profession and have a solid business plan, you will have trouble finding success anywhere. Here I have outlined five situations that can bring down your career — and how to avoid them. Over the past twenty five years, I have had the opportunity to train and work with some of the world’s greatest real estate professionals. This experience has allowed me to witness first-hand not only the success stories but also sight more unfulfilled potential than…

KMPG’S Indirect Tax Guide to South America

KMPG’S Indirect Tax Guide to South America has been updated Here is a very informative indirect tax guide to doing Real Estate  business in Latin America done by KMPG. Always seek to quantify and qualify if there have been any recent changes.  (  believe me, there will have been ) About Gateway to South AmericaGateway to South America is an independent Brokerage and Advisory company committed to helping foreign investors to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay. ShareShareTweetWhatsAppEmail

Argentina outspends the rest of Latin America in education

Argentina outspends the rest of Latin America in education Argentina is one of the biggest investors in education throughout Latin America, according to an Organization for Economic Cooperation and Development study, which noted that Argentina allocated 6.3 percent of its GDP to education in 2012, compared to the five-percent average for the region and 5.6 percent for the OECD as a whole. The OECD is made up by an estimated 80 countries. President Cristina Fernández de Kirchner praised the study yesterday,…

A new study shows Argentina is a relatively safe country in which to live

WHO figures show Argentina is relatively safe country in world’s most violent region Homicide rates in Latin America are the highest in the world — clocking in at 28.5 per 100,000 inhabitants — but estimates by the World Health Organization (WHO) place Argentina in line with the best in the region with about six homicides per 100,000 inhabitants. According to the WHO, in 2012 165,617 people were murdered in Latin America and the Caribbean, making up about 35 percent of the the 475,000 homicides committed…

Is the International money transfer system about to change due to US Interference in the existing one ?

You probably know the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system as that little jumble of letters and numbers you need every time you send money to a foreign bank account. It’s the global banking system’s address book and postal system. SWIFT has more than 10,000 members in more than 200 countries, and handles more than 15 million messages daily. But even though SWIFT is based in Belgium, and subject to EU law, the U.S. government claims legal authority over all SWIFT transactions…

How to choose an effective selling broker in South America

South America’s real estate market can be characterised by two important facts. Properties take longer to sell and have higher transaction costs than in most Western countries Why? Although it is slowly changing there is considerable informal selling both by vendors directly and speculative pricing. The end result is a confused market with little price transparency and few skilled brokers available. (Selling skills can be obtained two ways; by experience through selling large numbers of properties or by specialised…
Real Estate and Investment News from South America
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