Argentina is the second largest country in the Latin America, with a solid economy and strong ties with countries worldwide in matters of trading and financial operations among many others. Rich in natural resources, with a diversified industrial base, export-oriented agricultural field and with a relatively high GDP per capita, Argentina is the third largest economy in the South America and the 7th wealthiest state in the world. The high-tech sector, the tourism, the engineering, manufacturing and the financial sector are attractive areas for international investors who want to develop their operations and make money in the country. While discovering the opportunities on the Argentinian market, one can direct the attention on the main business forms available for registration. With comprehensive help from our specialists in company formation in Argentina, our clients can set up businesses in this country in the form of limited liability companies, stock corporations or branches.
For a limited liability company in Argentina, an investor from abroad must prepare a minimum share capital of $300 and should appoint at least two directors and if there are more, the majority needs to be from Argentina. Please remember that opening a limited liability company in Argentina can be entirely owned by foreigners. Furthermore, an LLC in Argentina (sociedad limitada) is subject to the annual tax return and cannot be traded on the stock exchange.
Opening a stock corporation in Argentina (sociedad anonima)
Another form of business accepted in Argentina and preferred by entrepreneurs from abroad is the stock corporation, or “sociedad anonima”. This kind of entity can be set up with a minimum share capital of $ 7,500, two stockholders, and Argentinian directors. A stock corporation in Argentina has limited liability, can be wholly foreign-owned and it is subject to a corporate tax payable on worldwide income. We remind that our consultants in company incorporation in Argentina are able to provide you with the necessary support when drafting the documents for your stock corporation and can be representatives of your business if you don't want to travel to Argentina for company registration.
Opening a branch in Argentina (sucursal)
Companies from abroad can choose Argentina to establish a branch, in order to legally operate their businesses. For such entity, there is no need of a minimum share capital, but a legal representative must be appointed. He/she will perform the activities having a power of attorney. A branch can be established in Argentina if all the requirements are fulfilled. Then, the entity can generate invoices for clients and can sign local sales contracts. One should know that a branch in Argentina is not exempt from taxes in the available free zones.
Document requirements for starting a business in Argentina
Before preparing the documents for registering your company in Argentina, an entrepreneur must reserve the name of his/her future business as soon as a verification has been made with the Office of Corporations. Besides the articles of association containing the names of the owners or shareholders, the signature of the founding partners must be provided in a notarized form. Details about the subscribed minimum share capital provided by the bank must be drafted with the documents mentioned above. The fiscal code of the company is issued by the Administracion Federal de Ingresos Publicos, the authority in Argentina that also releases the tax identification number for tax purposes in the country. Once your business in Argentina has been registered, special licenses and permits might be requested for certain activities or services of your business, a matter where our advisors can help. The following services for your business in Argentina can be offered on request by our consultants:
•drafting commercial contracts.
For complete information about how we can help you set up a company in Argentina and start your activities right away, we invite you to contact our team of agents in company incorporation in Argentina.