the swiss times

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Swiss Argentina Agreement: Free Movement & More

Swiss Argentina Agreement: Free Movement & More

Tue, May 28th 2024

Swiss companies can now send employees to Argentina more easily under a new social security agreement, benefiting expats and pensioners.

Keystone/Juan Ignacio Roncoroni

Companies in Switzerland should soon find it easier to send employees to Argentina. A new social security agreement, signed in Buenos Aires on Monday, aims to simplify this process and offer additional benefits, as announced by the Federal Social Insurance Office on Tuesday.

The agreement allows companies to send their staff to the other country while ensuring that expats remain insured at home. Additionally, Argentinians can now receive their Swiss AHV pensions in their home country.

Overall, the agreement coordinates the social insurance systems of both countries in the areas of old-age, survivors’, and disability pensions. It regulates pension payments abroad, ensures equal treatment of insured persons, and simplifies access to benefits.

Expected to take effect in 2025, the agreement still requires approval from the parliaments of both countries. Switzerland has similar agreements with Chile, Uruguay, and Brazil in South America. Argentina hosts the largest Swiss community in Latin America, with 15,078 Swiss nationals registered at the end of 2022.

©Keystone/SDA

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