Set Up a Company in Argentina

A properly-structured Argentinean company is a useful corporate vehicle through which business can be conducted in Latin America. The following information will help you make an informed decision on whether to set up a company in Argentina:
Advantages to Set Up a Company in Argentina
1.	Investors wishing to set up a company in Argentina gain access to Latin America's growing economies.
2.	Foreign investors wishing to set up a company in Argentina have unrestricted access to all of Argentina's economic sectors.
3.	Entrepreneurs planning to set up a company in Argentina benefit from the country's liberalised domestic market which has few trade barriers.
4.	Investors who wish to set up a company in Argentina can freely remit and exchange capital from the country.
5.	Healy Consultants can open corporate bank accounts for investors planning to set up a company in Argentina. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
6.	Argentina has signed double taxation treaties with several countries around the world, making it increasingly attractive to those planning to set up a company in Argentina. For more information kindly visit the International Comparative Legal Guide website.
Disadvantages to Set Up a Company in Argentina
1.	To set up a company in Argentina is a time consuming process due to bureaucracy in the country. Argentina is negatively ranked as the 100th least corrupt country in the 2011 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.
2.	Investors who have set up a company in Argentina must submit annual audited financial statements and an annual tax return to the Argentinean authorities.
3.	To set up a company in Argentina, at least two directors and a company secretary are required. Company directors can be any nationality but must be resident in Argentina.
4.	To set up a company in Argentina, the directors must have either permanent or temporary residence in the country. To obtain permanent residence, foreign investors are required to invest US$40,000 in the country.
5.	Having set up a company in Argentina, resident Argentinean corporations liable to a corporation tax of 35% on global income.
Types of Argentina Company
Sociedades Anónimas or Corporation
Investors looking to set up a company in Argentina often opt for a Sociedad Anónimas. This entity must have at least two shareholders, and the shareholders' liability is limited to their paid-up capital. For investors planning to set up a company in Argentina and list on the Buenos Aires stock exchange, this is the only Argentinean corporate entity permitted to do so.
Branch of a Foreign Corporation
Another option for investors who wish to set up a company in Argentina is to set up a branch of a foreign company in Argentina. The foreign company must register the parent company's Articles of Incorporation with the Argentina Public Register of Commerce. It must also appoint representatives, and file details with the Public Register. Non-resident companies without a branch or any other permanent presence in Argentina pays tax only on income derived from within Argentina.
Contact Us
For more information to set up a company in Argentina, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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