Glossary · Argentina
Delaware flip / offshore holdco
Definition
The near-universal structure where an Argentine startup's international investors hold shares in a US or offshore holding company, with the Argentine entity as an operating subsidiary — a legacy of decades of currency controls and legal volatility.
Why it matters for a secondary
It quietly makes Argentine secondaries easier: buying a stake usually means buying shares of a Delaware (or similar) holdco under familiar law, with no Argentine transfer formalities at all.
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.