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How To Incorporate Company in Argentina – All That You Need To Know

Incorporate Company In ArgentinaArgentina is one of the newly upcoming locations in the world for foreign investors to start a business. Many investors are trying to incorporate a company in Argentina due to its ample working population and commercial partnerships with neighboring countries like Mexico, Chile, Peru, and Colombia. Argentina has a high percentage of literacy and is the highest paying country to workers per capita in the whole of Latin America. There is a wealth of natural resources and the agricultural sector of Argentina is strong as well. Argentina’s economy depends on infrastructure development. These factors are drawing investors more than ever before.

Argentine laws are very friendly for foreign investors. They encourage the investors to carry on and grow their trade there. Foreign companies are allowed the same legal allowance as domestic companies. The government also provides general, sectorial and regional incentives to the companies, so that they are encouraged to invest further in Argentina.

 

Benefits of Incorporating company in Argentina

Here are some benefits you can avail if you wish to incorporate company in Argentina.

  • A large workforce with the lowest illiteracy rate
  • No restrictions on foreign companies
  • Same legal treatment for everyone
  • A wealth of natural resources
  • Easy trading relationship with Mexico and other neighboring countries
  • Incentives offered for investors
  • Spanish is the main language, followed by English, Portuguese, Italian, French and German
  • Tax laws are simple and similar for domestic and international companies
  • Paid up capital amount is low compared to many other countries

Which Type of Company Can You Incorporate in Argentina?

If you are looking to incorporate company in Argentina, you have four options:

  1. Sociedad Anonima or Corporation
  2. Sociedad De Responsibilidad Limitada or Limited Liability Partnership
  3. Foreign Branch
  4. Sociedad Colectiva or General Partnership

Each form has its own advantages and disadvantages. The Sociedad De Responsibilidad Limitada (SRL) is the most popular among foreign investors. The advantages of this type of company include no limit on the number of people in the company, no paid-up capital and complete protection for shareholders from liability. You do not have to be on the administrative board. You can also enroll corporate shareholders of any nationality. The main disadvantage of SRL is that you cannot take part in the stock market.

 

Procedure To Incorporate Company In Argentina

Argentine law has a set of rules you must follow before you incorporate company In Argentina. We would recommend you to hire a legal firm who can look after your incorporation process and also become your registered local agent for legal correspondence.

  • You will have to deposit a minimum of 2,500 ARS or $176 USD as paid-up capital for an SRL.
  • Submit and verify your company name with the Argentine Office of Corporations. Your company name must be unique and should not resemble any public sector company names.
  • Obtain signatures of all partners and get them notarized.
  • Open an account in the National Bank of Argentina and collect receipt of payment
  • Next, you have to publish your company name and details in their official newspaper
  • You have to pay 100 ARS as an incorporation fee.
  • Register your company with the Public Register of Commerce of Argentina. This office is situated in Buenos Aires.
  • Buy special books from their commercial bookstore.
  • Submit the books through a public notary to the General Inspection of Justice (IGJ) for rubrication along with a form from the Public Notaries College.
  • Obtain Fiscal Code for your company.
  • You will be issued a Tax Identification Number (CUIT) from the National Tax Office (AFIP).
  • Register with this number for social security.
  • Register your company for turnover tax at the local tax office in Buenos Aires.
  • Register your company with the Sistema Unico are Seguridad Social (SUSS).
  • Obtain insurance for the employees of the company with a risk labor company (ART).
  • Register books of wages in the Ministry of Labor.

It takes about 20-25 working days to incorporate company in Argentina. The law firm you appoint will guide you through the whole process without you having to face any difficulties, as long as your documents are in order

We help you through the process in case you wish to incorporate company in Argentina. For more information and guidance to Incorporate Company in Argentina, contact 3E Accounting, China. We will help you with all aspects of registration, whether SA, SRL or any other incorporation.

You can contact us by sending an email to request a no-obligation quotation or get more information about Incorporate Company in Argentina.