Company registration in Argentina

During the last decade, Argentina is eager to fully liberalize the legislation in the field of foreign investment. The authorities engage entrepreneurs in a restaurant business, services, high technology, trade and other fields offering many preferences. A company registration in Argentina is convenient due to:

• data on business beneficiaries are not disclosed and are not entered into the open register;
• export activities and services rendered outside the country are not subject to profit tax;
• there are no requirements for the shareholders' residency, they may be individuals or legal entities;
• the process of a company registration takes on the average 2-3 days;
• companies do not need a secretary (but they will need a local registered agent) and so on.

Data on companies are entered in the open registry, and business in the country is taxed with many taxes, so you can not say that Argentina is offshore in the traditional sense. Companies that are opened by non-residents, like local ones, must maintain accounting, reporting and pass a mandatory audit. The profit tax, regardless of the geography of activity, is 35%, it can be reduced through earlier payments abroad. If the company provides services, it is subject to VAT at a rate of 21%. There is also a property tax, interest on deposits and dividends.

Which companies can I register in Argentina

There are several organizational forms of business in the country:

• Corporation (SA) - a common form, convenient to foreign investors. Shares can be freely transferred to third parties, two founders are enough to create a company. The Inspector of General of Justice confirms the characteristics, they are registered by the commercial register and are certified by a notary. The standard authorized capital of corporations is 12,000 US dollars.
• Closed company (SRL) with limited liability of the participants with their contributions. Shares cannot be transferred to third parties, but the company is registered faster than the corporation. It requires an authorized capital of US $ 20,000, foreign partners-shareholders confirm the status in state authorities.
• Joint ventures. The most common a temporary (UTE) ones, in which no new legal entities are created.
• Partnership, private business, and branches of foreign enterprises.

Features of business registration

The company establishing in Argentina takes several days, but in order to prepare a charter and include it into the national register, it will take a month and even more. All documents submitted to the registrar (including from legal entities - shareholders) must be translated into Spanish by a local specialist. Also to establish a company you are required:

• to provide all passport data, information on addresses and occupation of shareholders - private entities;
• to receive a legal address, where annual meetings on financial statements review will be held;
• to hire at least two directors (legal entities are not allowed);
• beneficiaries related to legal entities - apostillize the translated documents, provide decisions on the establishment of companies and the appointment of persons involved in registration;
• branches - to provide evidence of the parent company existence, register its constituent documentation, appoint managers and obtain a permanent address in the country.

The company registration in Argentina is a multi-stage procedure, but with the support of "Prifinance" it will become easier and take less time. Experienced experts will undertake the troubles and will promptly perform all legal procedures.