Exhibit 8.1
LIST OF SUBSIDIARIES
The following table lists our subsidiaries and their jurisdiction of incorporation as of June 30, 2024:
| Name of the entity | Country | Main activity | Stake at 06.30.2024 |
| IRSA's direct interest: | |||
| E-Commerce Latina S.A. | Argentina | Investment | 100.00% |
| Hoteles Argentinos S.A.U. | Argentina | Hotel | 100.00% |
| Inversora Bolívar S.A. | Argentina | Investment | 100.00% |
| Llao Llao Resorts S.A. (1) | Argentina | Hotel | 50.00% |
| Nuevas Fronteras S.A. | Argentina | Hotel | 76.34% |
| Palermo Invest S.A. | Argentina | Investment | 100.00% |
| Ritelco S.A. | Uruguay | Investment | 100.00% |
| Tyrus S.A. | Uruguay | Investment | 100.00% |
| Arcos del Gourmet S.A. | Argentina | Real estate | 90.00% |
| Emprendimiento Recoleta S.A. (in liquidation) | Argentina | Real estate | 53.68% |
| Fibesa S.A.U. | Argentina | Real estate | 100.00% |
| Panamerican Mall S.A. | Argentina | Real estate | 80.00% |
| Shopping Neuquén S.A. | Argentina | Real estate | 99.95% |
| Torodur S.A. | Uruguay | Investment | 100.00% |
| EHSA | Argentina | Investment | 70.00% |
| Centro de Entretenimiento La Plata | Argentina | Real estate | 100.00% |
| We Are Appa S.A. | Argentina | Design and software development | 98.67% |
| Shefa Fiduciaria S.A.U. | Argentina | Trustee company | 100.00% |
| Fideicomiso Shefa V.C. | Argentina | Invesment | 100.00% |
| Tyrus S.A.'s direct interest: | |||
| DFL and DN BV | Bermuda’s / Netherlands | Investment | 99.63% |
| Real Estate Strategies LLC | USA | Investment | 100.00% |
| IRSA International LLC | USA | Investment | 100.00% |
| Liveck S.A. (2) | British Virgin Islands | Investment | 100.00% |
| Real Estate Strategies LLC | USA | Investment | 100.00% |
| DFL's and DN BV's direct interest: | |||
| Dolphin IL Investment Ltd. | Israel | Investment | 100.00% |
| (1) | The Group has consolidated the investment in Llao Llao Resorts S.A. considering its equity interest and a shareholder agreement that confers its majority of votes in the decision-making process. |
| (2) | Includes Tyrus’ and IRSA’s equity interests. |