Doing Business in Argentina

Quick Facts

Population: 40 million

Land mass: 2,795,677 km² (8th in the world)

Language: Spanish

Capital: Buenos Aires

Time zone: GMT + 3 hours

Currency: Argentine Peso

2012 GDP: USD 474.8 billion

2012 Foreign Debt/GDP: 45%

2012 Industrial Highlights

Industrial production growth rate: 6.5% p.a.

Oil reserves: 2,504 MMbbl

Third largest shale oil and gas reserves in the world

Mining and metals: gold, silver, copper, lithium

Over 50 million tons of soy exports

Over 80 billion tons of meat exports

Worldwide wine production

Roadmap to Investing in Argentina

Issue

Argentine Branch

Argentine subsidiary

Liability

Parent company is liable for branch’s debts. They are not legally distinct entities.

Shareholders’ liability is limited to subscribed capital.

Company officers

A legal representative must be appointed, who does not need to be an Argentine resident.

A majority of board members must be Argentine residents (i.e, 2 of 3).

Corporate compliance

Must only keep accounting books, which must be registered with the Public Registry of Commerce.

Board and shareholder meetings.

Compliance officer (syndic) if capital stock is greater than AR$10 million.

Must keep accounting and corporate books.

Transfer of ownership

A branch cannot be transferred or merged into another entity. It can only be transferred if its parent company is transferred.

Shares are freely transferrable and companies may merge or split up.

Click to download Beretta Godoy's guide Doing Business in Argentina.

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Source

Beretta Godoy

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Regions & Countries
Argentina
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