Corporate Bank Account in Argentina
Open and maintain a corporate bank account in Argentina with UIF compliance and FX documentation handled correctly, so dividend remittances and international transfers don't stall on outdated assumptions.
Account Opening Timeline
7-30 business days
Tax ID
CUIT
Primary Registry
BCRA
Corporate Bank Account in Argentina: What You Need to Know
Opening a corporate bank account in Argentina for a foreign-owned S.A. or S.R.L. requires the constancia de inscripción from IGJ or the applicable provincial registry, the company's estatuto, the CUIT, and ARCA registration constancia, along with a board resolution authorizing the account and naming its signatories. The local legal representative (apoderado) must attend in person to sign account-opening documents and specimen signatures, though foreign shareholders themselves generally don't need to travel. A UIF sworn declaration covering PEP status and source of funds, plus beneficial-owner identification for every layer of foreign ownership, rounds out the compliance file, and foreign parent-company documents need apostille or legalization with certified translation, though IGJ Resolution 4/2026 now accepts digital apostille. Traditional banks typically take 7 to 30 business days once documentation is complete, while digital-first banks like Brubank or Ualá Business can open an account in 1 to 5 business days.
Key Requirements
Constancia de inscripción (IGJ or the applicable provincial registry) and the company's estatuto, plus the CUIT and ARCA registration constancia
A board resolution authorizing the account and naming its signatories, along with the local legal representative's (apoderado) DNI or CDI
In-person attendance by the local legal representative to sign account-opening documents and specimen signatures, since foreign shareholders themselves generally do not need to travel
A UIF sworn declaration (DDJJ UIF) covering PEP status and source of funds, plus beneficial-owner identification for every layer of foreign ownership
Foreign parent-company documents (bylaws, good-standing certificate, power of attorney) apostilled or legalized, with certified translation, though IGJ Resolution 4/2026 now accepts digital apostille and can bundle Article 123 registration with local incorporation
A realistic 7 to 30 business day timeline at traditional banks once full documentation is submitted, versus 1 to 5 business days at digital-first banks like Brubank or Ualá Business
Common Challenges
Pre-2025 profits and legacy debt remain trapped even as new dividends flow more freely
BCRA Communication A 8226 allows dividend remittance from profits earned in fiscal years starting January 1, 2025 onward, but profits accumulated before that date, and repayment of pre-existing intercompany debt principal, remain restricted. A subsidiary with historical balances needs separate legal and FX counsel to sort out what's actually eligible for repatriation.
Accessing the official FX market comes with a 90-day trading restriction
Any company that accesses the official market to send funds abroad must sign an affidavit agreeing not to trade MEP or CCL instruments for 90 days. This matters if the same local treasury team also handles parallel-market operations, since it can create an unexpected conflict with other FX activity.
Multi-layer foreign ownership triggers a full beneficial-owner look-through
UIF rules require identifying beneficial owners through every layer of a holding structure. Opaque or multi-jurisdictional structures are a frequent, avoidable cause of extended compliance review, since the bank has to trace ownership all the way to named individuals.
How NavviPal Helps
Coordination of the IGJ constancia, CUIT, board resolution, and local legal representative's in-person signing so the application isn't missing a required piece
UIF sworn declaration and beneficial-owner documentation prepared correctly for the full foreign-ownership chain
Apostille and certified translation of foreign parent-company documents, including using IGJ Resolution 4/2026's digital apostille acceptance where it applies
Guidance on current BCRA dividend-remittance rules, so pre- and post-2025 balances are correctly segregated before requesting a transfer
More on Argentina
Explore related services and topics for Argentina.
Ready to manage Corporate Bank Account in Argentina?
NavviPal handles every step so you can focus on building your business, not navigating bureaucracy.