20 Jun Doing Business between Argentina and India
Doing business between Argentina and India
To begin with, the world’s economic expansion has become the reason for companies of all sizes to develop across domestic borders. In fact, today’s world is a more competitive scenario for businesses of all sizes seeks to expand. The main reason is globalization and everything that goes with it. In addition, the Internet, effortless communications and the development of technology are among the reasons that have helped smaller companies achieve an important role in foreign markets.
However, if you are uncomfortable trying to enlarge your business by yourself, our attorneys can assist you. Indeed, we provide a broad range of legal services to both individuals and businesses with the focus on company incorporation, business administration, and transactions. Also, we provide affordable solutions tailored to every need.
One of the major choices when growing a new business abroad is deciding on the appropriate entity through which to perform your business. Similarly, there is a wide variety for you to choose from a corporation, limited liability company, partnership, to other particular entity forms. Vital to the victory of any business is the existence of clearly drafted contracts. Also, we handle the drafting, negotiations, and review of the contracts which are relevant to the needs of big and small-sized businesses. Thus, we are capable of representing clients when purchasing, as well.
Deciding what is best for your practice
Before choosing the type of entity there are some important issues for you to consider in order making that decision:
A number of owners of the company
Whether you need limited liability protection and how important it is
The approximate amount of what your income will be
If you are to be trusted about the organization of the procedures or you might need extra help.
How much time your company will live
If you have someone you trust to succeed you in your business
India is currently seen as an outsourcing destination ideal for international companies to settle and grow fast. Some of the advantages of doing business there is the low-cost base for transferring work, the high level of educated graduates who speak fluent English and reasonable wage demands.
The whole concept of the country has been changing since it is becoming one of the world´s most powerful economies with a strong potential market for goods and services. The growing middle-class society of India has reached a different life standard that it used to have demanding consumer goods as well as infrastructure development and a financially stable system.
India is absolutely open to international business and betting on the success of those companies and organizations that move towards the Indian market with the right attitude, having taken the proper measurements.
Consequently, this country is characterized by a huge and modern business opening with some remaining obstacles and risks that we are ready to help you face and beat. For example, there are business culture differences, which represent the consequence of thousands of years of the influence of Hinduism. In fact, you will undoubtedly encounter many sectors of its economy to remain stubbornly closed. Mainly, because they have considerable internal pressure to keep these entry barriers strong.
Many organizations believe they can just transfer their usual ways of behaving into India and look forward that it works, but the most probable consequence is a failure. Accepting the Indian mindset, adjusting how your services fit into Indian needs and being aware of the quick transformations that are happening in India on a daily basis is the answer to success in India.
Argentina is located in the south of South America. It is the eighth-largest country in the world with regard to land territory. It is characterized by having plenty of natural resources and a diverse society.
This country has a high level of urbanization with 93% of the population living in metropolitan areas. The country´s main urban centers include Buenos Aires, Rosario, Mendoza, Córdoba, Tucumán, La Plata and Mar del Plata.
Education is quite important in this culture since it is compulsory and free. This means that if you decide to establish your business there, you will find well-educated business partners and consumers. The development of technology is another priority for public policies.
It is an open country for foreign businesses and people. In addition, it is one of the two countries representing South America at the G-20 and is a founding member of the World Trade Organization (WTO) and the Interamerican Development Bank (IDB)
It is also a full member of the Union of South American Nations (UNASUR for its acronym in Spanish), the Community of Latin America and Caribbean States (CELAC for its acronym in Spanish) and the Southern
Common Market (MERCOSUR for its acronym in Spanish).
Argentina also offers a varied selection of buildings appropriate for commercial purposes in different urban centers throughout the country within the best office categories.
Argentina’s productive system is comprised of young innovative companies as well as those with traditions dating back a hundred years. A broad section of small and medium enterprises and a large number of big companies are active in the country’s different economic sectors. There are about 493,000 companies registered and functioning in Argentina which work in the manufacturing, trade and services sectors. Most of these are micro-companies (71%), followed by SMEs, which number 136,000 companies (28%), and finally, 9,000 large companies registered (2%). Out of the three sectors, the services industry is majority 54% of the total.
Investors have three alternatives for setting up a business in Argentina: establish a foreign branch office; acquire ownership interests in an existing company; or create a new company. Thus, we will help you decide which type is best for you to embrace.
Frequently Asked Questions
Why incorporate abroad?
Working as a corporation has its share of disadvantages in some cases. For example, operating as a corporation can create an additional tax burden. This is the last thing you need as a business person, especially in the early stages of operation.
Nevertheless, there are some advantages to incorporating abroad:
Transferability of shares.
Ability to raise investment capital.
Owners are protected from personal liability for company debts and obligations.
The reliable body of legal precedent to guide owners and managers.
Ease to transfer ownership through the transfer of securities.
Corporations can create tax benefits under certain circumstances
How do I legally register my company?
To register your company is one of the requisites to function. In both countries exists an authority in charge of company registration. If you contact us we will guide you through this process.
How long does company registration take?
Registration is an administrative process that simply requires filling out the proper forms. It can be as short as hours or days.