Exhibit 8.1
Subsidiaries of Registrant
| Name | Place of Incorporation |
| Adcon S.A. | Argentina |
| Administrative Development Company | Delaware |
| Aduy S.A. | Uruguay |
| Alimentos Arcos Dorados de Venezuela C.A. | Venezuela |
| Alimentos Latinoamericanos Venezuela ALV, C.A. | Venezuela |
| Arcgold del Ecuador, S.A. | Ecuador |
| Arcos del Sur, S.R.L. | Uruguay |
| Arcos Dorados Argentina S.A. | Argentina |
| Arcos Dorados Aruba N.V. | Aruba |
| Arcos Dorados B.V. | Netherlands |
| Arcos Dorados Caribbean Development Corp. | Delaware |
| Arcos Dorados Colombia S.A.S | Colombia |
| Arcos Dorados Coöperatieve U.A. | Netherlands |
| Arcos Dorados Costa Rica ADCR, S.A. | Costa Rica |
| ADCR Inmobiliaria, S.A. | Costa Rica |
| Arcos Dorados Curacao, N.V. | Curacao |
| Arcos Dorados French Guiana | French Guiana |
| Arcos Dorados Guadeloupe | Guadeloupe |
| Arcos Dorados Martinique | Martinique |
| Arcos Dorados Panama, S.A. | Panama |
| Arcos Dorados Puerto Rico, LLC | Puerto Rico |
| Arcos Dorados Restaurantes de Chile, Ltda. | Chile |
| Arcos de Valparaiso SpA | Chile |
| Arcos Dorados Trinidad Limited | Trinidad and Tobago |
| Arcos Dorados USVI, Inc.(St. Croix) | USVI |
| Arcos Dourados Comercio de Alimentos Ltda. | Brazil |
| Arcos Dourados Restaurantes Ltda. | Brazil |
| Arcos SerCal Inmobiliaria, S. de R.L. de C.V. | Mexico |
| Restaurantes ADMX, S. de R.L. de C.V. | Mexico |
| Arcos Dorados BraPa S.A. | Panama |
| Compañía de Inversiones Inmobiliarias S.A. | Argentina |
| Complejo Agropecuario Carnico (Carnicos), C.A. | Venezuela |
| Arcos Dorados de Uruguay S.A. | Uruguay |
| Gerencia Operativa ARC, C.A. | Venezuela |
| Compañía Operativa de Alimentos COR, C.A. | Venezuela |
| Golden Arch Development LLC | Delaware |
| LatAm, LLC | Delaware |
| Logistics and Manufacturing LOMA Co. | Delaware |
| Management Operations Company | Delaware |
| Operaciones Arcos Dorados de Perú, S.A. | Peru |
| Restaurant Realty of Mexico, Inc. | Delaware |
| Sistemas Central America, S.A. | Panama |
| Sistemas McOpCo Panama, S.A. | Panama |
| Arcos Dorados Latam LLC | Delaware |
| Arcos SEM Panama SA | Panama |
| Arcos Dorados Paisas S.A.S. | Colombia |
| Arcos Mendocinos S.A. | Argentina |