There are about 30 000 people of Serbian and Montenegrin origin living in Republic of Argentina today. They mostly originate from the territories of today’s Montenegro and Croatia (Dalmatia), and, to a lesser extent, from Serbia and Bosnia and Herzegovina. Emigration in Argentina, despite the same origin as the one in North America, has developed distinguishing social and cultural character. The presented historical synoptic and brief review of the present state point out that this unexplored immigrant population in South America represents a complex phenomenon, a community which identity has embedded various historical, political, cultural, religious and ideological layers. [Projekat Ministarstva nauke Republike Srbije, br. 177028: Strategije identiteta: savremena kultura i religioznost i br. 47016: Interdisciplinarno istraživanje kulturnog i jezičkog nasleđa Srbije. Izrada multimedijalnog internet portala "Pojmovnik srpske kulture"]