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Tuesday, February 23, 2010

Residency

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I posted on getting work upon arriving in Buenos Aires.   Now let's talk about becoming a resident.  Once you are legal, you will have a national document or ID here in Argentina,  which is called a DNI (Documento Nacional de Identidad).  There are three ways to do that.


1. Get married or have kids here.
2. Get sponsored by a company (I soonsor individuals).
3. Bring your money here to invest in a business.


Brown for us, green for native-born citizens.

If you want to ave a real job with health insurance, benefits, a retirement plan, and indemnification upon leaving the company, you would need a DNI.  

A real job would also allow you to receive the 13th salary, calle "aguinaldo",  which is one month's pay extra per year.  This is a free gift - required by law. Some companies pay half of it in June and the other half in December.  Others pay it all in December - like a Christmas Bonus.

All companies are required to indemnify employees when they lay them off or fire them (nice).  That would be a lump sum upon termination.  That means, the longer you stay, the larger your pay-off.  Actually, people with tenure have job security that can't be beat.  I know of people who would receive upwards of AR$250,000 if they were asked to leave.

There are also Temporary Residents who get limited time to stay based on where they are studying and proof that they are continuing with studies.

I am open to comments and questions. 


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