DANARG

Argentina

 argentinian-flag-graphic

 

Official Name:  The Argentine Republic

               Buenos Aires

        Spanish

           Peso (ARS)

 

OUR SERVICES;                      

  • Consultation (in person, online, phone)
  • Helping to prepare your documents
  • Start to finish your company registration process
  • Immigration services

 

Argentine

 

Argentina, situated in the southern region of South America, boasts a rich history, diverse culture, vibrant economy, and a dynamic political landscape. This South American nation has witnessed numerous transformations and has emerged as one of the leading economies in the region. From the indigenous civilizations to the European influences, Argentina’s history is a tapestry of different cultures and experiences.

Argentina’s history dates back thousands of years, with the presence of indigenous tribes such as the Mapuche, Guarani, and Quechua. The arrival of the Spanish conquistadors in the 16th century marked a significant turning point in the country’s history. Under Spanish rule, Argentina became a viceroyalty and played a crucial role in the Spanish Empire’s colonial system. The struggle for independence began in the early 19th century, led by figures like José de San Martín and Manuel Belgrano. Argentina finally gained independence from Spain in 1816 and began to shape its own destiny.

In the late 19th and early 20th centuries, Argentina experienced a period of massive immigration, primarily from Europe. This wave of immigration, predominantly from Italy and Spain, brought new ideas, cultures, and skills to the country, transforming Argentina into a diverse and cosmopolitan nation. This period also witnessed the rise of the Gaucho culture, epitomizing the rural way of life in the Pampas region and establishing Argentina’s national identity.

Argentina’s culture reflects this diverse heritage. Tango, a passionate and seductive dance form, originated in the neighborhoods of Buenos Aires and is considered a significant cultural export. Literature, too, holds a prominent place in Argentine culture, with internationally acclaimed writers such as Jorge Luis Borges and Julio Cortázar hailing from the country. The arts, including painting, sculpture, and theater, thrive in Argentina, with a vibrant artistic community that continually pushes boundaries and explores new forms of expression.

The Argentine economy has experienced various cycles of growth and challenges throughout its history. At the beginning of the 20th century, Argentina was one of the wealthiest nations in the world, benefiting from its agricultural exports, especially beef and grains. However, economic instability, political turmoil, and protectionist policies have hindered sustained growth at times. In recent decades, Argentina has faced economic recessions, high inflation, and a heavy debt burden, leading to periods of financial crisis. Nonetheless, the country possesses significant natural resources, including minerals and hydrocarbons, and remains a leading agricultural producer.

The political landscape of Argentina has been marked by periods of democracy, military rule, and political upheaval. The country transitioned from a military junta to democratic rule in 1983, after a period of authoritarianism that lasted from the late 1970s to the early 1980s. Since then, Argentina has seen alternating periods of center-left and center-right governments, with various political parties and coalitions vying for power. Issues such as social inequality, corruption, and human rights continue to shape the political discourse in Argentina.

 

Types of Companies in Argentina

 

Sociedad Anónima (SA):

    • An SA is similar to a corporation in other countries.
    • Requires a minimum of two shareholders, and shares are freely transferable.
    • The liability of shareholders is limited to their capital contributions.
    • SA companies must have a minimum share capital, and their financial statements must be audited.
    • Suitable for medium to large businesses with significant capital.

Sociedad de Responsabilidad Limitada (SRL):

    • An SRL is similar to a limited liability company (LLC) in other countries.
    • Requires a minimum of one or more members (individuals or legal entities).
    • Members’ liability is limited to their capital contributions.
    • Offers flexibility in terms of management and capital structure.
    • Suitable for small to medium-sized businesses.

Sociedad por Acciones Simplificada (SAS):

    • A SAS is a simplified form of corporation introduced to encourage entrepreneurship.
    • Requires at least one shareholder, and there are fewer formal requirements compared to an SA.
    • Shares can be freely transferred.
    • Offers flexibility in terms of management and capital contributions.
    • Suitable for small businesses and startups.

Sociedad de Capital e Industria (SCI):

    • An SCI is a partnership where at least one partner (the “industrial partner”) contributes work or services, while the others (the “capital partners”) contribute capital.
    • The industrial partner’s liability is unlimited, while capital partners have limited liability.
    • Common in partnerships where one partner provides expertise or labor, such as in agriculture or manufacturing.

Sociedad en Comandita por Acciones (SCA):

    • An SCA is a type of partnership with both active (general) and passive (limited) partners.
    • General partners manage the company and have unlimited liability.
    • Limited partners have limited liability and contribute capital but do not participate in management.
    • Suitable for businesses where some partners want to invest capital without actively managing the company.

Sociedad Anónima Unipersonal (SAU):

    • Similar to an SA, but with only one shareholder.
    • Provides limited liability for the sole shareholder.
    • Useful for entrepreneurs who want the benefits of a corporation with sole ownership.

Cooperativa:

    • A cooperative is a business owned and operated by its members for their mutual benefit.
    • Members have equal voting rights, and profits are typically distributed among them.
    • Common in agriculture, housing, and various community-oriented ventures.

Sucursal (Branch):

    • A foreign company can establish a branch in Argentina.
    • The branch operates as an extension of the foreign company and is subject to local regulations.

“Our team can provide assistance if you need help registering a company in Argentina.”

 

Common Questions

 

What is the first step to register a company in Argentina?

The first step is to obtain a Tax Identification Number (CUIT) for at least one shareholder or director.

How can I reserve a company name in Argentina?

You can reserve a name through the National Registry of Persons (Renaper) website or in person at the Trade Name Office.

What are the types of companies I can register in Argentina?

Common types include SA, SRL, SAS, SCI, SCA, SAU, cooperatives, and branches.

What documents are required for company registration?

Typically, you’ll need ID documents, proof of address, and other documents depending on the company type.

Do I need a local address to register a company?

Yes, you’ll need a local registered address for your company.

What is the minimum share capital for an SA company?

The minimum share capital for an SA is ARS 100,000.

Can foreigners own 100% of a company in Argentina?

Yes, foreigners can own 100% of a company in Argentina.

How long does the company registration process take?

It can take several weeks to several months, depending on the type of company and local authorities.

Do I need a lawyer to register a company in Argentina?

While not mandatory, hiring a lawyer is highly recommended for legal guidance.

What is the role of a local legal representative in company registration?

A local legal representative can help navigate local regulations and legal processes.

Are there registration fees for starting a company?

Yes, there are fees associated with company registration in Argentina.

Can I register a company online?

Some aspects of the registration process can be done online, but not all.

Can I change my company’s name after registration?

Yes, but it requires a legal process and approval.

Do I need a business plan to register a company?

A business plan is not required for registration but is recommended for planning.

Can I register a company as a sole proprietorship?

Yes, you can register as an individual entrepreneur.

How can I check if my chosen company name is available?

You can check name availability on the National Registry of Persons (Renaper) website.

“Our team can provide assistance if you need help registering a company in Argentina.”

 

What is the tax rate for companies in Argentina?

Corporate tax rates vary, with the standard rate being 30%.

Are there tax incentives for foreign investors?

Some regions in Argentina offer tax incentives to attract foreign investment.

Do I need a local bank account for my company?

Yes, a local bank account is required for company operations.

Can I register a company with multiple shareholders?

Yes, you can have multiple shareholders in most company types.

What is the liability of shareholders in an SRL?

Shareholders’ liability in an SRL is limited to their capital contributions.

Can I register a company if I’m not a resident of Argentina?

Yes, non-residents can register a company in Argentina.

Do I need a notary public for company registration?

Yes, a notary public is required to certify certain documents.

How do I register for taxes as a new company?

You must register with the Federal Administration of Public Revenue (AFIP).

Is there a specific location requirement for registering a company?

You’ll need a registered office address in Argentina.

Can I register a company remotely without visiting Argentina?

While some steps can be done remotely, you may need to visit Argentina for certain procedures.

What is the role of the Public Registry of Commerce in company registration?

The Public Registry of Commerce records and validates company information.

Can I register a branch of a foreign company in Argentina?

Yes, you can register a branch of a foreign company.

“Our team can provide assistance if you need help registering a company in Argentina.”

 

What is the difference between a “sociedad de hecho” and a registered company?

A “sociedad de hecho” is an informal partnership, while a registered company has legal status.

Can I choose any business activity for my company?

You can generally choose any legal business activity for your company.

What is the minimum number of directors for an SA company?

An SA must have at least one director.

Do I need to publish a notice of my company’s formation in a local newspaper?

Yes, you must publish a notice in an official gazette.

Are there annual reporting requirements for companies in Argentina?

Yes, companies must file annual financial statements.

Can I register a nonprofit organization in Argentina?

Yes, you can register a nonprofit organization.

What are the requirements for registering a cooperative?

Cooperatives must have at least 20 members and a specific purpose.

Can I register a company as a digital nomad in Argentina?

Yes, you can register a company as a digital nomad.

Can I change the legal structure of my company after registration?

Changing the legal structure may be possible but requires a legal process.

Can I use a virtual office address for company registration?

Some authorities may accept virtual office addresses, but a physical presence is often required.

How can I protect my intellectual property when registering a company?

You can register trademarks, patents, and copyrights through the Argentine Patent and Trademark Office (INPI).

Do I need a business license to operate in Argentina?

Certain business activities may require specific licenses or permits.

“Our team can provide assistance if you need help registering a company in Argentina.”

 

What are the requirements for registering a foreign-owned company in Argentina?

Foreign-owned companies must follow the same registration process as domestic companies.

Can I register a company as a freelancer or self-employed individual?

Yes, you can register as a freelancer or self-employed professional.

How do I register for social security contributions for employees?

You must register with the Argentine Social Security Administration (ANSES).

Can I register a subsidiary of a foreign company in Argentina?

Yes, you can register a subsidiary.

Are there any industry-specific regulations for company registration?

Some industries may have specific requirements or regulations.

What is the minimum number of members for an SCA company?

An SCA requires at least one general partner and one limited partner.

Can I register a company as a foreign student in Argentina?

Foreign students can register a company, but visa requirements may apply.

What are the ongoing compliance requirements for registered companies?

Compliance requirements include tax filings, annual financial statements, and more.

Can I register a company as a family business in Argentina?

Yes, you can register a family-owned business.

Are there any special incentives for environmentally friendly businesses?

Some regions may offer incentives for eco-friendly businesses.

What is the process for closing a registered company in Argentina?

Closing a company involves several legal and tax steps.

“Our team can provide assistance if you need help registering a company in Argentina.”

 

Can I register a company as a non-profit for social or cultural purposes?

Yes, you can register a non-profit organization for social or cultural purposes.

How can I register a technology startup in Argentina?

You can register a technology startup under one of the company types mentioned earlier.

Can I register a company as a foreign retiree in Argentina?

Retirees can register a company, but visa and tax considerations apply.

Is it possible to register a company for e-commerce purposes only?

Yes, you can register a company specifically for e-commerce activities.

 

Major Banks in Argentina

 

Banco de la Nación Argentina (BNA)    Website: Banco de la Nación Argentina Website

Banco Central de la República Argentina (BCRA)    Website: Banco Central de la República Argentina Website

Banco Santander Río    Website: Santander Río Website

Banco Galicia     Website: Banco Galicia Website

Banco BBVA Argentina     Website: BBVA Argentina Website

Banco Macro     Website: Banco Macro Website

Banco de la Ciudad de Buenos Aires     Website: Banco de la Ciudad de Buenos Aires Website

Banco Patagonia    Website: Banco Patagonia Website

Banco Hipotecario     Website: Banco Hipotecario Website

Banco Provincia     Website: Banco Provincia Website

Banco Supervielle    Website: Banco Supervielle Website

Banco Itaú Argentina    Website: Banco Itaú Argentina Website

Banco Comafi     Website: Banco Comafi Website

Banco Columbia    Website: Banco Columbia Website

Banco Industrial    Website: Banco Industrial Website

Banco Ciudad de La Rioja    Website: Banco Ciudad de La Rioja Website

“Our team can provide assistance if you need to open a bank account in Argentina.”

 

The top universities in Argentina

 

University of Buenos Aires (Universidad de Buenos Aires – UBA)

    • Website: University of Buenos Aires
    • Location: Buenos Aires
    • Major Courses: Offers a wide range of programs in various fields, including humanities, social sciences, natural sciences, engineering, and more.

National University of Córdoba (Universidad Nacional de Córdoba – UNC)

University of La Plata (Universidad Nacional de La Plata – UNLP)

    • Website: University of La Plata
    • Location: La Plata, Buenos Aires
    • Major Courses: Offers a variety of undergraduate and postgraduate programs in diverse fields.

University of San Andrés (Universidad de San Andrés)

    • Website: University of San Andrés
    • Location: Buenos Aires
    • Major Courses: Programs in business, law, social sciences, and humanities.

University of Belgrano (Universidad de Belgrano)

    • Website: University of Belgrano
    • Location: Buenos Aires
    • Major Courses: Offers programs in business, law, social sciences, and engineering.

University of Rosario (Universidad Nacional de Rosario – UNR)

    • Website: University of Rosario
    • Location: Rosario, Santa Fe
    • Major Courses: A wide range of academic programs across various disciplines.

University of Tucumán (Universidad Nacional de Tucumán – UNT)

    • Website: University of Tucumán
    • Location: San Miguel de Tucumán, Tucumán
    • Major Courses: Programs in agriculture, health, humanities, engineering, and more.

University of Mendoza (Universidad de Mendoza)

    • Website: University of Mendoza
    • Location: Mendoza
    • Major Courses: Offers programs in business, law, engineering, and social sciences.

National Technological University (Universidad Tecnológica Nacional – UTN)

National University of the South (Universidad Nacional del Sur – UNS)

    • Website: National University of the South
    • Location: Bahía Blanca, Buenos Aires
    • Major Courses: Offers programs in sciences, engineering, humanities, and social sciences.

“If you need assistance registering for college or university, our team is here to help.”

 

Strange or unusual to visitors in Argentina

 

Mate Culture: Argentineans are avid consumers of mate, a traditional herbal tea. It’s typically sipped from a shared gourd using a metal straw (bombilla). Visitors might find it unusual to see people passing around the same drinking vessel.

Late Dining Hours: Dinner in Argentina is often eaten late by international standards, usually around 9 pm or later. Restaurants tend to be less crowded before 8 pm.

Siesta: Some regions, especially in smaller towns, observe the siesta, a midday break when shops and businesses close for a few hours, allowing people to rest and escape the heat.

Affectionate Greetings: Argentineans are known for their warm greetings, including hugs and kisses (besos) on the cheek. Even casual acquaintances may greet each other this way.

Demonstrative Gestures: Argentineans are expressive in their gestures and may use their hands and body language extensively while speaking.

Empanadas: Empanadas are a popular snack in Argentina. Each region has its own variations, and you can find empanaderías dedicated solely to these delicious turnovers.

Tango Dancing: Tango is a significant part of Argentine culture, and you may come across impromptu street performances or tango-themed events, even in unexpected places.

Football Passion: Football (soccer) is a national obsession in Argentina. The level of passion for the sport, especially during matches, is intense and can be quite an experience for visitors.

Protests and Demonstrations: Argentina has a long history of political activism and protests. It’s not uncommon to encounter demonstrations or rallies during your visit.

Currency Exchange Rules: Argentina has strict currency exchange regulations, and it’s common to encounter multiple exchange rates, including the official rate and the black market rate. It’s essential to be aware of these dynamics.

Food Portions: Portion sizes in Argentina, especially for steaks, can be quite substantial. Sharing dishes at restaurants is common.

Dog Walking: Buenos Aires is known for its abundance of dog walkers, or “paseadores de perros,” who often walk numerous dogs at once.

Kissing at Traffic Lights: It’s not uncommon for couples to steal a kiss while waiting at a red traffic light, a practice known as “semáforo beso.”

Parrillas: Argentina is famous for its parrillas, or steakhouses, where you’ll find a wide variety of cuts of beef cooked to perfection.

Cultural Diversity: Argentina is a culturally diverse country, with strong European, especially Italian and Spanish, influences. This diversity is reflected in its cuisine, festivals, and traditions.

Flag Day Celebration: Argentina celebrates Flag Day on June 20th with a huge parade in Rosario, the birthplace of the country’s flag.

Public Art and Murals: Many Argentine cities are adorned with vibrant street art and murals that reflect social, political, and artistic expressions.

 

“Tips for Newcomers: Adjusting to Life in Argentina”

 

Learn Basic Spanish: While many people in Argentina speak English, especially in larger cities, knowing some basic Spanish will be incredibly helpful for daily communication and building relationships.

Embrace Mate: Mate is a significant part of Argentine culture. Join in the tradition by learning how to prepare and share mate with locals.

Adapt to the Schedule: Argentines have a unique daily schedule. Be prepared for late dining, afternoon siestas, and a vibrant nightlife scene.

Familiarize Yourself with Currency Exchange: Understand the currency exchange system in Argentina. There may be official and unofficial exchange rates, so it’s important to be aware of the current rates and regulations.

Be Patient with Bureaucracy: Dealing with bureaucratic processes, such as obtaining visas or residency permits, can be time-consuming. Be patient and prepared for paperwork.

Healthcare and Insurance: Argentina has a high standard of healthcare, but it’s essential to have health insurance. Familiarize yourself with the local healthcare system and choose a reputable provider.

Public Transportation: Argentina has an extensive and affordable public transportation system. Familiarize yourself with the local buses, subways, and train routes in your city.

Safety Precautions: While Argentina is generally safe, be cautious in crowded areas, especially in large cities, and be aware of common scams. Keep an eye on your belongings.

Local Cuisine: Try Argentine cuisine, including empanadas, asado (barbecue), and milanesa. Exploring the local food scene is a great way to immerse yourself in the culture.

Respect Local Customs: Respect local customs and traditions, such as greetings with a kiss on the cheek, punctuality, and politeness.

Learn About Football: Familiarize yourself with the passion for football in Argentina. Attending a match or joining in the excitement during a major tournament can be a memorable experience.

Make Local Friends: Building relationships with locals can be incredibly rewarding. Join clubs, classes, or social groups to meet people and practice your Spanish.

Familiarize with the Neighborhood: Get to know your neighborhood and local amenities, such as grocery stores, banks, pharmacies, and healthcare facilities.

Currency Management: Be mindful of your spending and currency management. Understanding inflation and budgeting accordingly is important for long-term financial stability.

Explore the Country: Argentina is a vast and diverse country with a wide range of landscapes and cultures. Take the opportunity to explore different regions and experience their unique charms.

Stay Informed: Stay informed about current events and news in Argentina to understand the local context and any potential developments that may impact your stay.

Seek Support: If you’re feeling overwhelmed or experiencing culture shock, consider seeking support from expat groups, therapists, or counselors who can provide guidance and a support network.

 

Top recruitment agencies in Argentina

 

Randstad Argentina    Website: Randstad Argentina

ManpowerGroup Argentina     Website: ManpowerGroup Argentina

Adecco Argentina     Website: Adecco Argentina

Kelly Services Argentina     Website: Kelly Services Argentina

Hays Argentina     Website: Hays Argentina

Page Personnel Argentina     Website: Page Personnel Argentina

Michael Page Argentina     Website: Michael Page Argentina

Robert Half Argentina     Website: Robert Half Argentina

Recruitment Partners Argentina     Website: Recruitment Partners Argentina

Grupo Gestión Argentina    Website: Grupo Gestión Argentina

Trabajando.com Argentina     Website: Trabajando.com Argentina

Selección IT    Website: Selección IT

 

Necessary phone numbers in Argentina

 

Emergency (General): 911

    • This number is used for all kinds of emergencies, including medical, fire, police, and more.

Medical Services: 2. Medical Emergency (Ambulance): 107

  • Call this number for medical emergencies requiring an ambulance.

Poison Control Center (Centro de Toxicología): (011) 4962-6666 or (011) 4958-8911

    • If you suspect poisoning, contact this number for guidance.

Police Services: 4. Police Emergency: 911

  • This number connects you to the police for emergency situations.

Fire Services: 5. Fire Department Emergency: 911

  • Dial this number in the event of a fire or other related emergencies.

Tourist Assistance: 6. Tourist Ombudsman (Defensoría del Turista): (011) 4312-7777

  • Contact this number for assistance with tourist-related issues or complaints.

Lost or Stolen Credit/Debit Cards: 7.

  • VISA: 0800-666-3368
  • MasterCard: 0800-555-0507
  • American Express: 0800-666-2639

Government and Civic Services: 10. National Government Information Line (Atención Ciudadana – 147): 147

  • This number can provide information about government services and procedures.

Local Directory Assistance: 11.

Directory Assistance (Local Numbers): 110 –

  • Use this number for directory assistance to find local phone numbers.

 

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