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Doing business in Argentina
Invest in the most friendly country of the world
5 Facts About Doing Business in Argentina
"Argentina, with its rich culture, dynamic economy, and strategic location in South America, offers unique opportunities for entrepreneurs. Today, we’re going to explore five key facts about starting a business in Argentina."
Fact number one: Steady Economic Growth. While Argentina faced an economic slowdown in 2023, the country has worked hard to stabilize its economy. With reforms in place and an export-driven agricultural sector, Argentina remains a prime location for business growth. The economy is projected to grow 1.1% in 2024, showing promising signs of recovery."
Fact number two: High Employment Rate. Argentina's employment rate stands out in the region, forecasted to reach 61.4% in 2024. With the government's efforts to stimulate job creation, the workforce is diverse and well-educated, making it an attractive market for both local and international businesses."
Fact number tree: Currency Stability. While Argentina has faced challenges with inflation, the government is taking steps to stabilize the peso. Recent economic measures, including spending cuts and potential reforms, aim to reduce volatility and create a more stable financial environment."
Fact number four: Predictable Tax System. Argentina has recently revamped its tax system, with corporate income tax ranging from 25% to 35%. The country offers tax credits for foreign income and a VAT rate of 21%, making it easier for businesses to operate, especially if you’re expanding or working internationally."
Fact number five:
Modern Banking System. Argentina boasts a resilient banking system, with local and international banks like BBVA and Santander offering services. It’s easy to manage business finances with options for corporate accounts in pesos, dollars, and government securities."
"Whether you're looking to expand your business or invest, Argentina offers many advantages. With a growing economy, a skilled workforce, and a solid financial infrastructure, it's an exciting place to consider for your next business venture."
Looking to start a business in Argentina? or learning more? Get in touch!
Reach out today and start your business journey in Argentina."
Summary:
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Corporations (S.A.) are best for large-scale operations with numerous shareholders and flexible ownership transfer.
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Limited Liability Companies (S.R.L.) offer flexibility and limited liability, making them suitable for small to medium businesses.
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Simplified Joint Stock Companies (S.A.S.) provide an easy, low-cost way for entrepreneurs to start a business with minimal capital.
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Sole Proprietorships are the simplest structure but come with personal liability for the owner.
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Joint Ventures (Uniones Transitorias) are ideal for short-term, project-specific partnerships where entities retain independence.
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Branches of Foreign Companies are useful for foreign businesses wishing to expand into Argentina without creating a separate legal entity.
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Limited Partnerships (Sociedad Colectiva) mix the roles of active and passive participants, with general partners managing the business and assuming full liability, while limited partners are investors with liability restricted to their contributions.
This chart provides an overview of the key business structures in Argentina and can guide potential entrepreneurs and companies in choosing the best legal form based on their needs and goals.