Advantages Of Doing Business In Argentina

Despite the generally low economic environment in Argentina, people from other countries still make investments in the country causing an improvement in the number of greenfield investments. Another plus it that Argentina ranks fifth in the foreign investment stock in South America. Visit this site to get started.

Entrepreneurs are able to make a formal recording of their business online due to these new laws called Ley de Emprendedores which has been put into existence by the government of Argentina. The process of online business registration which usd to take close to one month now takes less than twenty four hours due to the passing of the new law. The registration process enables an entrepreneur to register a simplified business entity, a bank account and an identification number. An entrepreneur is also allowed to register a temporary business address.

Argentina has the greatest currently unrealized ability when it comes to digital currencies. The use of cryptocurrencies now by the people of Argentina began long ago because the people had no trust in the government and in the banks. In the recent days Argentina has been a leader in digital currencies in latin America and the use of bitcoin and other cryptocurrencies has been embraced by more businesses. Read more about this here.

Argentina has made a strong investment in renewable energy so that it is able to sustain itself.Their main intention is to have renewable energy taking up to twenty percent of their national electric energy consumption and this is planned to happen by 2025. In order to attain this goal Argentina started auctions for renewable energy so as to attract investors from other countries. It also offers rewards such as early VAT recovery, quicker deprecation, no minimum national income tax, no import duties and relief from other relevant taxes.

The country has ensured more involvement in the international market. Becoming a member of MERCOSUR enables the country to have access to the member countries with lower taxes and legal requirements therefore increasing the trading capacity of the country which attracts business with other countries.

Argentina has grown its young talent, there are so many young educated people which makes it a great investment location. Investors are able to get the local talents to run their businesses as majority of the young people are able to speak both English and Spanish and have also attained secondary education Before making a choice to investing in Argentina it is important to make a visit to the country so as to learn more about the people and other things such as their culture.