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Estrugamou family and their various residences in Argentina

The city of Buenos Aires has many emblematic buildings of a classic cut and among them is one located in Juncal 783 called the Estrugamou Palace, of the style Beaux-Arts. Its classic lines are maintained in the era and they excite all lovers of architecture who walk by them in the Retiro neighbourhood of Buenos Aires.  A few steps further on another nearby street,  we find another beautiful building called Mansion Estrougamou,  which was redeveloped in 2015 for the Casa Foa.   This…

Interview with Nicolás Dujovne, Argentina’s Treasury Minister

What was the strategy behind the fiscal reform? Minister Dujovne: When we came to power we inherited a large fiscal deficit, a high level of public spending and a heavy tax burden. All three have to be cut but the only way it can be done is gradually because if we cut taxes very quickly then the deficit will increase. It’s only by cutting public spending can we have room to also bring down both taxes and the fiscal deficit. So, we have committed to cutting consolidated public spending, which includes federal…

A New Real Estate Marketing option for Independent Brokers and Vendors

We are offering a new option for independent brokers and private Vendors to market their real estate or Agricultural related businesses for sale  outside their home location For some time now GTSA – Marketing has been marketing individual properties or projects for vendors and independent brokers without being involved in the sales process. This is in response to the effects of disruptive technologies available to sellers. We do this where we have no licensed sales support in the area or region and/or…

When do I have to Pay Taxes in Argentina as an Foreigner?

As we’re in the middle of tax period you may be wondering if and when you need to pay taxes in Argentina as a foreigner. In this article, we give you an overview of the Argentine tax calendar and how it affects expats as individuals and as business owners. First of all, whether you’re a resident or a foreign beneficiary (working in Argentina on a non-permanent basis) and your only source of income in Argentina is from employment you do not need to file a tax return; taxes will be withheld at source by…

The Best of the Best | A Luxury Stay in Buenos Aires | Five Hotels, Five Personalities

Counted among the most cosmopolitan destinations in South America, Buenos Aires is a city that blends the vibrancy of modernity with timeless sophistication, art, history and old-world glamour. Walk down many of the city’s streets and you’ll find that the eateries and boutiques that line them are alive with these qualities. But stay in one of the city’s leading hotels and you will find these qualities not only alive but personified. The following are five hotels that embody the breadth and diversity of…

11 Things I Learned About Investing in Argentina

After completing my studies at the University of Canterbury I wanted the challenge of living and working abroad in a foreign language. With the help of the New Zealand Prime Minister ́s Scholarship and the New Zealand Embassy to Argentina, I undertook a three-month legal internship with Wiener.Soto.Caparrós in Buenos Aires. WSC is a mid-size law firm specialising in cross-border legal advice, with specific expertise in cross-border finance, mergers and acquisitions, corporate structuring, tax law, employment…

Residential property prices are now global IMF warns

The world’s housing markets have become remarkably synchronised, according to  International Monetary Fund research that warns that local property prices may be vulnerable to unexpected foreign shocks. A study of 40 countries and 44 major cities across advanced and emerging economies shows there has been a simultaneous upswing since the global financial crisis, driven by ultra-easy monetary policy and a pick-up in investor activity led by Amsterdam, Melbourne, Sydney, Toronto and Vancouver. The findings,…

The Palacio Estrugamou apartments are a reflection of Argentina’s Golden Age

“The classic and refined is sometimes associated with formality and excess. To me, it’s the opposite. In this case, the challenge was to transform that formality into something cheerful and luminous.” Said Maria Silvia Loitegui, decorator in charge of giving new life to this wonderful apartment located in a building full of splendor: the Estrugamou Palace. The gates and its ample corridors simulate the carriages ‘ entrances of the French palaces In 1924, when the construction was completed,…

Argentina: Sentiment on Argentina is running hot

Sentiment on Argentina is running hot. Really hot. Unfortunately for the optimists, sentiment isn’t the only thing running hot in Argentina. The country is experiencing its worst drought in 30 years – an event that is already causing GDP estimates for this year to get dinged. More on that in a second. But first, let’s look at the positive view: The first of these is that foreign capital is coming back to Argentina. This is certainly true. They further suggest that capitalist president Macri’s…

No other country has a greater potential than Argentina – Davos 2018

image for Argentina 2017
Argentina has left behind its populist experiment, and there is no other country with greater potential, Argentine president Mauricio Macri told the World Economic Forum in Davos during a speech to the forum of world political and business leaders. “Yes, Argentina has suffered a fracture”, admitted Macri on Thursday but “we are in a new phase and the country is fully involved in development with inclusive growth” underlined Macri, who then enumerated some facts of the new impulse: the economy expanded…

The deregulating of Argentina’s FX Market (currency exchange) has made trade a lot easer

On January 10, the Macri Administration issued an 84-page executive decree (Executive Decree No. 27/2018 or the “Decree”) 1. The Decree forms part of the government’s efforts to modernize the economy and is astoundingly broad in scope, ranging from employment and tax matters to traffic safety and trademarks. Last week we reviewed the Decree’s impact on employment matters. 2 This week we look at a long overdue change in foreign exchange regulations. Over the last 15 years FX operations were restricted…

GTSA – Marketing wins ‘Agricultural Real Estate Service Provider of the Year in Argentina for 2018’

Corporate INTL’s annual awards mark excellence for the world’s leading advisers and financiers in an array of countries and continents. GTSA has been once again chosen as the winner of the Corporate Intl Magazine Global Award   ‘Agricultural Real Estate Service Provider of the Year in Argentina 2018’   How do the Corporate INTL Awards function? The awards commemorate those who have been successful over the past 12 months and who have shown excellence not only in expertise but in service.…

Argentine Economic Outlook continues to Improve

Tendencias en la Economía Argentina
Argentina Economic Outlook President Mauricio Macri’s government made important progress in his drive to liberalize the economy. The 2018 budget and a highly controversial tax and pension reform plan were approved by the congress in the final weeks of 2017. The pension and tax reform envisages lowering the government’s elevated public sector spending and making Argentina a more attractive investment destination. It should give a further impetus to the economy, which is on a solid recovery path, as confirmed…

Argentina’s Tax Reform: This Is What You Need to Know

On November 13, 2017 we reported on the imminent passage of tax reform legislation (see “Argentine Tax Bill: A Step toward Structural Reform” 1). At the end of the year and amidst rioting in the streets over pension reform, congress—acting pursuant to an extraordinary session—pushed through two laws2 (collectively, the “Tax Reform Law”) modifying the most significant federal taxes levied in Argentina. In a nutshell, the reforms advance the Macri Administration’s efforts to encourage investment,…

What can happen if you buy a new apartment off the plans and the area is less than what you paid for

Many apartments in Argentina are sold off the plans (en pozo) and usually this goes smoothly. However occasion there is a discrepancy between the m2 paid for and the number delivered. Sometimes there are more and sometimes less. However this Buenos Aires buyer did not take this lying down. He sued and won for the missing metres. Paola U. bought a department in the neighborhood of Belgrano in mid-2011. When it was delivered, the property had fewer square meters of what the construction company had promised. The…