Following Decree 609/2019 and Communication “A” 6770 from the Central Bank, strict controls were re-implemented on the exchange market that, in practice, blocked the regular remittance of profits abroad for years.
This restriction had concrete effects on investment dynamics. The inability to repatriate profits led several multinationals to reassess their strategies in the country, slowing down projects or directly rejecting investments.
At the same time, many companies were forced to reinvest profits locally or to keep capital immobilized within Argentina.
The Arrival of Javier Milei
With the assumption of Javier Milei in December 2023, a gradual process of dismantling those regulations began. The first stage focused on individuals.
In April 2025, the Central Bank removed the cap of USD 200 monthly for the purchase of foreign currency, lifted restrictions related to subsidies and public employment, and repealed the so-called “cross restrictions” that prevented those who had accessed financial dollars in the previous 90 days from operating in the MULC.
In this context, the reactivation of profit remittances is a concrete signal of normalization of the exchange system. For the energy sector, one of the main engines of investment in the country, the possibility of repatriating profits once again positions Argentina as a more predictable and competitive destination, in line with Milei's goal of rebuilding trust and attracting international capital.
