The standard states that Projects that contemplate investments between US $ 500 million and US $ 1 billion, for each year in which the benefit is not used, will be able to have double access to the free application of foreign currency for 2 consecutive calendar years obtained from exports related to the project, for up to 40% of the investment.
In the case of higher investments, the amount is three times the percentage provided for in decree 234/2021.
The BCRA, in the regulations, provided that 40% be measured annually and that access is released after the second year from the first entry of foreign currency that starts the project.
What’s more, the funds that are not used may be deposited in accounts in foreign currency in local entities or correspondents abroad or in bank accounts in financial entities abroad that are not incorporated in countries or territories where the recommendations of the FATF (Financial Action Task Force) are not applied or not sufficiently applied
In the case of investments in excess of US $ 1 billion, the annual cap is raised to 60%.
Source From: Ambito
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