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Argentina Bitcoins Attorneys Services Cryptocurrency

Argentina Bitcoins Legal Services

Bitcoin has great power: and is indeed a form of money because hundreds of thousands of people have agreed to sanction it as such. It is easily converted to dollars or to the purchase of products.

Modern day millionaires: are being created every year by being involved in the industries surrounding this new and exciting form of money.

Understanding Bitcoin: is not nearly as important as understanding Bitcoin industries, markets, vendors and where you as an investor or business owner fit in.

Attorney Guided Bitcoin Investments.

The wave of the future is here, and it is here to stay. Bitcoin is used by hundreds of vendors large and small as a form of payment. I will explain and guide you in:

  • Mining Contracts (purchasing and selling)
  • Bitcoin wallets
  • Bitcoin payments
  • Mining Rigs
  • Regulation and Tax issues
  • Converting Bitcoins to dollars
  • Converting Bitcoins to gold and silver
  • Litecoins and other “Cryptocurrency”
  • Alternate currency and politics, what to avoid, what to pay attention to
  • Scams and shams

Argentina Bitcoins Attorneys Services

Everything you need to get up and going, whether you want to set up your own computer mining “rigs” or invest in contracts. Please understand that this is a highly speculative and risky adventure and not for the timid. But the rewards are potentially lucrative and it is ALWAYS exciting!

 2000 ATMs compatible with cryptocurrency will be installed in Argentina

The first ten units will be operational by the end of the year and will allow to operate with bitcoin, ether, litecoin, cash and credit card

Buy bitcoins, ether or litecoin with tickets or credit card at the same ATM? It looks like a distant prospect for Argentina, but it would be just around the corner if the news revealed to THE NATION Sebastián Ponceliz, CEO and founder of Odyssey Group US, a company that sells ATMs to individuals.

According to this Argentinean established in the United States for more than 20 years, our country is about to position itself at the forefront in the adoption of this type of technology. A group of non-bank companies already closed a deal with their company to install 2000 of these ATMs in Argentina, of which at least 10 will be operational by the end of the year. “We tried to take them this month but for customs issues of electrical safety we did not arrive,” he said.

The first units will reach the cities of Buenos Aires, Córdoba and Jujuy. “Starting in May of this year, the Central Bank (BCRA) issued a regulation allowing private individuals to operate ATMs. We talked about this with officials of the entity and started up,” said Ponceliz, who already manages ATMs in Mexico, Brazil, Colombia and Spain, among other countries.

The ATMs will use the Octagon platform, which allows them to operate with cash and cryptomonedas and even opens the door to more complex operations, such as the granting of microcredit. “It is a platform for financial inclusion, because it enables people who are not linked to digital currency to link through the machine,” he said.

knows the land
“In the United States we operate the business end to end.You want a cashier, we buy, install, program, maintain, charge and receive the rent. transactional platform ready to be connected to the country’s transaction gateway, “he said.

Although Ponceliz is not at liberty to comment on who are the customers that will manage these ATMs, it did reveal that among them there are chains of supermarkets and pharmacies, means of payment and non-bank financial institutions in the interior. “They are not just big customers, we have many different profiles,” he acknowledged.

In the case of cryptones, the price will be determined from the value published in the main trading sites. “It’s arbitrary,” Ponceliz admitted. “It’s still a Far West that is not regulated. To avoid that we’re going to take public quotes.”

According to the businessman, our country concentrates only 14,000 of the six million ATMs operating around the world. All this can change thanks to the legislation approved by the BCRA in May. “We are talking about installing 20,000 new units in 2018. I think the market gives 30,000 or 50,000 more. We have many proposals, but not all are closed.”

Argentina Bitcoins Lawyers Services

Are you in need of an Buenos Aires  Bitcoins & Cryptocurrency Lawyer in Argentina? Contact us today to schedule a consultation.

The US banks require the “CUIT” to their Argentinian clients to see if they declared the accounts in their countries.

Buenos Aires Tax Lawyer | Accounting Services In Buenos Aires Argentina

This is a new requirement of the Department of the Treasury within the framework of the strategy to combat money laundering and tax evasion; the information will be turned immediately to the countries that have signed the FATCA reciprocal agreement.

US banks began to demand from their foreign customers their fiscal identification to check if the accounts are declared in their respective countries.

This is the form in the new W-8BEN form that must be completed, all customers with bank accounts in the United States. This is the “Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)”, revised in July 2017.

The first part requires identification data of the final beneficiary and, together with the traditional data, the legend “Foreign tax identifying number” is added, that is the tax identification number for non-residents of the United States. In the case of Argentina, it is the CUIT.

The form is generated by the Internal Revenue Service (IRS) of the Treasury Department. This requirement is part of the IRS’s transparency and anti-evasion measures.

One such measure is the “Fatca” law, which obliges all banks in the world to report the accounts of United States residents.

In this sense, some countries provide this data unilaterally, while others have negotiated reciprocal exchange agreements (IGA model).

A note on Form W-8BEN states that “if you are a resident of a Fatca partner jurisdiction (eg, with the One IGA model, jurisdiction with reciprocity), certain information may be provided to the tax residence jurisdiction.”

Two sources from the local financial system and a tax adviser told LA NACION that this new order is part of the United States’ strategy to cooperate, with its times and conditions, with global financial transparency.

It should be remembered that USA. has not yet ratified its signature in the OECD’s multilateral tax information exchange agreement signed by 100 countries, including Argentina. Under this agreement, as reported by the NATION, the AFIP will begin receiving information from the accounts of Argentines from 48 territories, including Seychelles and Cayman.

This information is key to the post-laundering control that AFIP will begin to make, in order to cross-check the data of the fiscal sincerity regime with the affidavits of the taxpayers of 2016.

In this sense, the information published on Sunday in the financial market made quite a “noise” by the newspaper Page 12 that spread a list of contributors who went into laundering.

This information is protected by fiscal secrecy, to the point where most AFIP agents do not even have access to such data when conducting their inspections.

For this reason, some tax advisors expect some reaction from the tax body, especially on the eve of receiving the first batch of information from the OECD agreement and in the middle of negotiations with the US. to sign a bilateral tax exchange agreement.

Are you in need of a Buenos Aires Tax Lawyer in Argentina? Contact us today to schedule a consultation.

An unnecessary regulation on the Buenos Aires rental market in Argentina

Renting a property in Buenos Aires Argentina? Find a Real Estate Attorney in Buenos Aires

The elimination by the Buenos Aires Legislature of the real estate commission paid by the tenant collides with the Civil and Commercial Code

the Buenos Aires legislature almost unanimously sanctioned a law that modifies that of real estate brokers, providing that they can not charge commission to tenants in housing leases.

It is not a rent law, which would be a matter reserved to the National Congress, since it would imply a reform of the Civil and Commercial Code, but a change in the brokerage law, a local rule for regulating a profession, and therefore reserved for the provinces.

The novelty lies not only in that real estate can not charge commission to tenants, but also sets an amount, with a ceiling of up to 4.15% of the contract, which can only be charged to the owner. Nor will they be able to charge the tenant such expenses as the manager, which include certificates of ownership of the guarantor’s property or notary certification of signatures, among others, that will be absorbed by the broker or will be borne by the owner.

It is estimated that there are about 400,000 rented properties in the city of Buenos Aires. Although the norm seeks to help tenants, reducing the costs of a lease, it is likely to end up being far from benefiting them, because, as different entrepreneurs have pointed out in the real estate sector, the additional costs that would happen to the owner of the property would be transferred to the rental price. Hence, it is considered that, rather than favoring the tenant, the new provision will mean a reduction of income to real estate companies acting as intermediaries between the parties. Up until now, the real estate companies had typically received a commission of up to 4.15 percent from the tenants and negotiated with the landlord an additional commission that was half that percentage.

Real estate entrepreneurs have rightly pointed out that a potential tenant who comes for a specific property offered for rent is not the same as the one who orders a search for a property of certain characteristics or price to a real estate broker.

On the other hand, the business of real estate income has been negatively affected in recent times, since in the 1990s the income was around 10% per annum, when today is around 3 to 4% per year.

State intervention on the rental market has never been beneficial to anyone. And it is known that, on many occasions, this has caused a retraction in the supply of rental properties, which resulted in price increases.

Another of the most critical aspects of the standard is that it advances on the Civil and Commercial Code, which can not be modified. In that sense, Article 1351 of the Code states that if only one broker is involved in an operation, all the parties are required to pay the commission. Hence, the rule sanctioned by the Buenos Aires Legislature, by limiting the collection of commission to the owner, would be modifying that legal criterion, which would be unconstitutional.

Are you in need of a Buenos Aire Real Estate Lawyer? Contact us today to schedule a consultation.

Buenos Aires Approves New Rental Law

Legislature of the Autonomous City of Buenos Aires

Considering: That the same favor the strengthening of the policy of access to housing that is being carried out both from the Government of the Autonomous City of Buenos Aires and from the National Government for the neighbors of the City. As well as having implemented multiple initiatives related to the mortgage market, it is also considered necessary to move forward with improvements in the conditions of access and permanence to the market of locations for housing. According to data from the Annual Survey of Households of the General Directorate of Statistics and Censuses of the Ministry of Finance of the Autonomous City of Buenos Aires, 35.7% of the real estate for housing in the Autonomous City of Buenos Aires Are occupied by locational links, which means that more than one million people are tenants at the local level. That this entails the challenge of finding new ways of articulating the situation of rents for housing, and of guaranteeing the development of conditions that allow an increasing number of residents of the City to access a formal rental. That it is incumbent upon the City Legislature to regulate the framework of action of the Real Estate Brokers, a power exercised, for example, in the enactment of law 2,340, a standard created by the Unique School of Real Estate Brokers in the City of Buenos Aires. That when signing a contract, the sum of the concepts that the tenants must pay creates a barrier of access, in some cases impassable, for part of the neighbors of the City. That these projects seek to give the possibility to them, to be able to make the leap towards a better quality of life, with greater predictability, and above all things with clear rules in relation to the housing they inhabit. That in order to reduce the monetary burden that the tenants have to face at the beginning of the tenancy link, it is proposed that it is mandatory and unavoidable compliance for all those enrolled in the Single School of Real Estate Brokers the prohibition of requiring and / or receiving real estate commissions And / or fees for the intermediation to tenants, sub-shareholders and / or continuators of the location. Prohibition that in the same line, extends to the possible costs of administration of said locations.

That Law 1,251 of the C.A.B.A. Establishes the main objective of the Housing Institute of the City, placing it as the head of housing policies within the framework of Article 31 of our local Constitution, inasmuch as it proposes the incorporation in its creation rule of specific faculties related to the subject Locative-housing. For the above, this General Legislation Commission recommends the following law:

Article 1:
Replace paragraph 2 of article 11 of Law 2340 (consolidated text according to Law No. 5666), which will be written as follows: Perceive fees for the activity performed and commissions of its principal according to the remuneration they freely agree. In the case of leases of immovable property in which the tenant is a natural person, the maximum amount of the commission to be collected will be the equivalent of four with fifteen hundredths (4.15%) of the total value of the respective contract , By the landlord.-

Article 2:
Incorporate as item 7 to article 13 of Law 2340 (consolidated text According to Law No. 5666) “Prohibitions”
– The following text: In the leases of real estate with a destination in which the tenant is a natural person, it is expressly prohibited to require and / or receive, through any form of payment, real estate commissions and / or fees for brokerage or brokerage to Tenants, sub-shareholders and / or continuators of the location. The prohibition extends to the fees for administration of said locations.-

Article 3:
Replace the following text with paragraph 2 of article 10 of Law 2340 (consolidated text according to Law No. 5666) to be drafted as follows: Request reports to the official bodies on the conditions of dominance, liens and inhibitions, regarding the Operation entrusted and the intervening parties, making them available to them. The costs of managing these reports may not be required of tenants of real estate for housing purposes.

Article 4:
The following text shall be included as subsection 8 of article 10 of Law 2340 (consolidated text according to Law No. 5666): To state in any advertising offer of rental of real estate with a housing destination that is issued via websites, own or third parties, the Next caption:
“For housing rental cases, the maximum commission amount that can be
Require the owners will be the equivalent of four with fifteen hundredths percent (4.15%) of the total value of the respective contract. It is prohibited to charge real estate commissions and reporting costs to tenants, in the case ofBe physical persons. ”

Article 5:
Incorporate as subsection 9 of article 10 of Law 2340 (consolidated text according to Law 5666) Display in all premises and / or offices in which real estate brokerage services are rendered posters visible to the public with
The following legend: “It is found
It is forbidden to charge real estate commissions and reporting expenses to tenants, in the case of being natural persons. For housing rental cases, the maximum amount of commission that may be required from the owners will be the equivalent of four with fifteen hundredths (4.15%) of the total value of the
Respective contract “.

Article 6:
Derive article 54 of Law 2340 (consolidated text according to Law No. 5666) .-

Article 7:
Incorporate as paragraph i) of article 4 of Law 1251 (consolidated text according to Law No. 5666) the following text: To exercise control of compliance with local laws that regulate aspects related to the locative-housing matter.-

Article 8:
Law No. 3,588 is hereby repealed.

Article 9:
Communicate Room of the General Legislation Commission, August 16, 2017.

The four key points of the new Buenos Aires rental law in Argentina

Buenos Aire Real Estate Attorney | Argentina Real Estate Lawyer

The legislators of Buenos Aires approved this afternoon the project of reform of Law 2340 that seeks to improve access to housing through rent. The proposal prepared by the Government of the City of Buenos Aires will reach some 400,000 families that rent in the City, in addition to promoting the improvement of the system through the defense of owners and tenants.

During the parliamentary debate, which lasted approximately one and a half hours, the law obtained 51 positive votes, 0 negative and 2 abstentions. The project was presented by the president of the Housing Commission, Lia Rueda, and the president of the Civic-ARI Coalition, Paula Oliveto, and focuses on four measures:

The key points

The real estate commission will not be paid by the tenants, but by the owners. This will facilitate access to the rent, since this commission, plus the advances and costs of the move, made the tenants have to face many expenses of entrance. In this way, renters and owners will share expenses.

The real estate companies will not be able to charge for the expenses of management or administration.

The rights of tenants and landlords must be visible on Internet sites and in real estate offices. In the same way, they will be present in the social networks and sites of the Government of the City of Buenos Aires.

The City Housing Institute (IVC) will be responsible for ensuring the rights of tenants and landlords, who will work in conjunction with the City’s Ombudsman to provide free legal assistance.

Following the vote, the head of the City’s Housing Institute, Juan Maquieyra, said that work will continue to improve the rental system and to promote vacant housing to be offered for rent.

“This is a first step to make it easier, safer and cheaper to rent in the City of Buenos Aires.We estimate that with this measure, the cost of entry to rent a home is going to decrease by 25 to 30 percent, And that is going to make the tenants do not need to gather so much money to get in. In addition, we are already working on alternatives to offer real estate guarantees that conform to the owners and expedite the operation, “he said.

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