Doing Business in Argentina

Doing Business in Argentina

Doing Business in Argentina

Doing Business in Argentina

Argentina is one of the world’s most richly endowed countries in natural resources, in terms of their great abundance and diversity. In addition, Argentina has a high rate of urbanization with 93% of the population living in metropolitan areas. For example, the main urban centers include Buenos Aires, Rosario, Mendoza, Córdoba, Tucumán, La Plata and Mar del Plata.

Indeed, there are numerous prestigious institutions, companies and public and private universities dedicated to the development of science and technology. Also, they have over 50 years of expertise and international recognition. For instance, some of them are the National Council for Scientific and Technical Research (CONICET for its acronym in Spanish). Also, the National Atomic Energy Commission (CNEA for its acronym in Spanish). In addition, INVAP is a company specializing in nuclear and space technology. Moreover, the National Institute of Agricultural (INTA for its acronym in Spanish). Also, the National Institute of Industrial Technology (INTI for its acronym in Spanish). And last, the Leloir and Favaloro Institutes.

Doing Business in Argentina: Investing in Argentina

If you’re looking to invest in Argentina, then you might consider making a real estate investment in Argentina, such as buying a fixer-upper property. These aren’t as much of a bargain on a per-square-foot basis, but they are less expensive in gross dollar terms and often don’t take much work or capital to put into rentable condition. It is important to note that these days in Buenos Aires even the smaller apartments in good neighborhoods are doing well as short-term rentals.

Investment incentives

Argentina’s strategy to attract investment also includes a series of fiscal, export-related, training, innovation and industry-related incentives. A number of incentives designed to promote investment and improve profitability are in place at the national, regional and municipal level. Argentina offers investors attractive profitability in a wide range of sectors. Earnings as a percent of Foreign Direct Investment (FDI) stock are currently at the highest level of the last 15 years.

Legal framework

By law, FDI receives equal treatment than domestic investment. Free remittance of profits and capital abroad is allowed. There are no sectors restricted to transnational companies’ involvement. In addition, Argentina holds 19 bilateral treaties for the avoidance of double taxation and 55 bilateral investment treaties for the protection and promotion of investments.

Open economy

Trade, financial and investment flows link Argentina to the global and regional economy. Argentina is a founding member of the WTO and actively participates in the multilateral trading system. Argentina’s exports and imports of goods and services represent almost half of its GDP.

Human capital

Argentina is internationally acknowledged for its well trained and highly educated human resources. Argentina’s professionals also have outstanding capabilities for technological innovation. The number of scientists and engineers devoted to research and development activities per million inhabitants is higher than Brazil, Chile, Mexico and Uruguay (UNESCO, 2007). Notably, the number of patents per million inhabitants registered in the United States Patent and Trademark Office has been the highest in the region in the last 40 years.

Creative industries

Argentina is a country endowed with an enormously rich and varied culture. From music, dance, and theater to cinema, literature and plastic arts, the intense cultural life makes for a growing cultural and creative industry, which represents almost 3% of GDP (a level above the region’s average).

Foreign direct investment

More than 1,000 overseas companies operate in the country, including half of Fortune 100 firms, and many have more than half a century of presence in the country. Transnational companies perform a wide range of activities. For instance, agro-industries, automotive industry, chemicals, and petrochemicals. In addition, pharmaceuticals, and information technologies. Also, telecommunications, public utilities, finance, and retail as well.

Commodity Leader

Current and projected global consumption patterns and trends entirely match Argentina’s productive capacity. In a context of increasing global demand for food and natural products, Argentina is a key producer and exporter of commodities and raw materials: it is the world’s leading exporter of sunflower oil, soybean oil, pears, and lemons, among a diversified basket of agricultural products.
Doing Business in Argentina

Doing Business in Argentina

In conclusion, please feel free to contact us:
EDIFICIO PUERTA NORTE II
CALLE DEL CAMINANTE 30
FLOORS 4 & 5
NORDELTA, TIGRE 1670
PROVINCIA DE BUENOS AIRES
REPUBLICA ARGENTINA

If calling our Argentine phone number from a foreign country, please dial:

+54 (11) 5263-3262If your matter is urgent and you need to discuss your case immediately with a lawyer, please dial:

+54 (11) 3221-4468

If sending a Fax from abroad to Argentina please dial the following number:

+54 (11) 3221-2100  (Ext. 4468)

If you would prefer to call us at our U.S. number, please dial:

+1 (888) 227-7944  (TOLL-FREE IN THE USA)+1 (617) 610-2156 – Argentine Lawyers are available 24/7/365 at this phone number.

Toll-Free Fax Number in the USA:

+1 (866) 907-8712

 








Disclaimer

Disclaimer

No Comments

Sorry, the comment form is closed at this time.