Hey there! So, I can't really guess if retirees need to deposit their cash to Argentina or will have to in the future for the first 3 years. But let me share what happened to me, 'cause I haven't seen anyone else on here who's done it lately since they started this new rule thing this summer and I hope this is helpful to all of you as your posts have helped me so much. I've been a lurker for the past few weeks. Amazing site!
I'm 53, and every month I get $4803 from my pensions. It's gonna go up by 3.2% next year due to the cost of living adjustments per the US government SSA program
Cost-of-Living Adjustment (COLA) Information
www.ssa.gov
I started the retirement visa thingy (pensionado) in Argentina on August 12 and got it all sorted by September 16th. I had to show them my valid USA passport, get fingerprinted, and give them a record check from Argentina (through Registro Nacional de Residencia). I also had to show a record check from the USA and I got it from California where I lived before I moved to Buenos Aires. I also had to get a certificate from my local Buenos Aires police saying where I lived, and copies proving I get benefits from the USA government. I also did an FBI background check.
Didn't use a lawyer, did it all myself. Got my income documents from the SSA and papers stamped by the Secretary of State of California with Hague Conventional Apostille seal, translated them in Buenos Aires, and got them approved by the College of Public Translators here in Buenos Aires. (Ping me if you need a referral).
Sent it all through Radex, including a photo for my DNI that I was going to get.
So, like, at that moment, I'd already paid the fees on August 12th (If my memory serves me correctly it was around 30,000 pesos online with my Visa card, plus 300 pesos in person at a bank with this voucher thing for DNI processing or whatever. Right after that, the system gave me this temporary pensionado ID on September 14th, and they set me up with a meeting at Buenos Aires immigration on September 16th.
Went to the appointment, got fingerprinted again even though I did it before and had another pic taken (even though I uploaded one to Radex).
RADEX | DNM
www.migraciones.gov.ar
Nobody brought up income requirements, bank statements, or anything about banking in Argentina.
I had to sign a bunch of stuff super fast, didn't really get a chance to read it all. Then they gave me this website below and told me to check it the next business day for an update on my temporary ID.
Estado de tu trámite Migraciones, Solicitud de Renovación de Certificado de Residencia Precaria
www.migraciones.gov.ar
That's it, easy peasy. The whole appointment thing took like 10-15 minutes, but I had to wait a bit.
After that, my website status was like "awaiting approval".
My temporary ID from the immigration appointment ran out on November 24. I jumped on the online portal on November 10 to renew it, and by November 14th, it was good to go until February 15, 2024.
Towards the end of November, I saw I moved past the "waiting for the approval" phase, and now I'm just waiting for them to finish up the residency protocol thing. The earlier steps are all green, but the current one is still blue, which means it's still happening.
Super straightforward and chill process. Just to sum it up, no one talked about income rules, banking in Argentina, or any of that stuff during my appointment.
Hope my story helps you out, 'cause it seems like I'm the only one who's been through this lately with the new rules.