Thursday, September 28, 2023

How are Argentinians working abroad paid in dollars from Uruguay?

Added to this are the foreign exchange restrictions and the contamination of foreign currencies, so that there is a difference of almost 100% between the official exchange rate and the current one Dollar blue encouraged the vast majority to go further and open a bank account abroad to have physical access to the greenback.

As for this last point, many of these freelancers have turned their attention to it because of the proximity and ease of opening bank accounts and entering the financial system Uruguay.

Although the main attraction of working outside the Argentina is the power to recharge dollar Rapid advances in technology and connectivity in recent years have made it increasingly common to do work entirely remotely, without being tied to schedules or offices, as is common in dependent jobs.

“It’s not easy to collect dollar bills in Argentina”

“The problem with exporting services abroad is that accounting is not easy dollar If you do it via bank transfer, they convert it into pesos at huge discounts and you end up losing more than 30% of your salary,” he says. Scope Soledad 49 years old, has a degree in communication sciences from the University of Buenos Aires (UBA) and responsible for managing a company’s institutional relationships Chile.

In her statement, Soledad initially admits this before she opened her bank account Uruguay thought about many alternatives and started collecting his fees digital dollars (or stablecoins) via a platform from Cryptocurrencies called Bitwage after ruling out the possibility of triangulation with a financial company in USA.

“Travel to Colonia del Sacramento I found out in Republic Bank (BROTH) and in the Santander and finally, I opened a current account with the BROU, with minimum requirements such as DNI, proof of monotax, confirmation of the origin of the money and proof of address,” he commented.

After leaving a fixed term of 5,000 dollar As security with the bank, which she withdrew after a notice of 180 days, Soledad said that she is now traveling Uruguay every two to three months to collect his salary. “I change a part in a cave to blue and save another percentage in it dollar” he concluded.

“Opening an account in Uruguay was very easy”

“They had told me that the solution (to collecting) dollar) could open an account in Uruguay. I traveled, found out and opened it. “It was very easy because I have dual citizenship,” he explained. Marcos a 47-year-old systems engineer and web programmer who has worked for more than two decades as an employee for a well-known global company with offices in the suburbs of Buenos Aires.

In parallel with his old job, Marcos decided to try his luck as a freelancer and started working as an IT consultant, where he carried out web development, programming and support tasks in a company. Colombia. “I started getting paid through Western Union, which charges you, but at a fairly reasonable price. In any case, it was useful for me to get involved dollar“, he clarified.

When carrying out the procedure in Uruguay All he had to do was provide his ID, a pay stub and proof of address. “Today I work for three brands abroad, I resigned from the company I worked for last year Argentina and I earn five times as much,” he said. Marcos.

He will get his salary for him Uruguay It’s also an opportunity to visit some friends and take a walk. “I always take advantage of the opportunity when one of the two shipping companies starts promotions with discounts, which are usually between 20 and 50%,” he said.

“I have no interest in joining a company that is in a dependent relationship, especially not in Argentina.”

“I have no interest in joining a company that is dependent on me. Especially not in Argentina” he remarked Octavio 20 years old who, after graduating from high school, decided to improve his language skills (French, English, Portuguese) and at the same time pursue a career as a software designer and developer.

Octavio’s intention on a professional level is to continue freelancing, motivated by the convenience of being able to offer his services via a laptop in the privacy of his home or while traveling anywhere on the planet.

“A year ago I applied on a portal called Freelancer and got a job abroad,” said the young man, adding that, however, he realized that “he was losing a lot of money on the side,” and decided to find out. What alternatives were there to getting paid in US bills?

“I looked into the topic of cryptocurrencies, but found it very complex and decided to open an account on the recommendation of a friend Uruguay” he admitted Octavio. “Right now I don’t touch a peso. Luckily, my parents help me financially and I only earn from savings,” he explained.

Nation World News Desk
Nation World News Desk
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