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Directors and legal representatives of foreign companies in Argentina: may they be non-residents?

To answer the question if directors and legal representatives of foreign companies in Argentina may be non residents, two different positions must be distinguished within the possible corporate structure incorporated in Argentina:
(a) The directors of a corporation or a simplified corporation ; and.
b) The legal representatives of a foreign company that is a shareholder of a corportion or a simplified corporation.

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New Foreign Exchange Regulations in Argentina

The Argentine Executive Power, by means of the Urgency and Necessity Decree No. 609/2009, established new foreign exchange regulations in Argentina controlling certain aspects of the inflows, outflows, purchase of foreign currency and other transactions as of 1 September 2019. These regulations have been complemented and extended by additional regulations issued by the Central Bank of the Argentine Republic (Banco Central de la República Argentina, or BCRA after its Spanish acronym).

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