Glossary · Argentina
Cepo cambiario
Definition
Argentina's currency and capital controls, historically strict and substantially eased under the current reform program. They're the reason secondary-sale proceeds, like most international capital, tend to stay offshore.
Why it matters for a secondary
Even as it eases, the cepo shapes deal structuring — sellers and buyers plan around it, one more reason Argentine secondaries route through offshore holdcos.
Frequently asked questions
Does this term apply the same way everywhere in Latin America?
No. Each country in this glossary has its own regulator, corporate forms, and tax rules — this term is specific to the country tagged above. Check the linked country page for the fuller picture.
Is this legal or tax advice?
No. This is orientation for investors and allocators, not legal or tax advice. Confirm current rules with a licensed adviser in the relevant country before acting on anything here.