Benefits Of Doing Business In Argentina
Argentina has a generally low economic environment but people from other countries still make investments in the county in spite of this making the number of greenfield investments to rise. Argentina also ranks fifth in the foreign direct investment in South America which is another improvement.
A new law called the Ley de Emprendedores has been put into existence by the government of Argentina, tis law allows the entrepreneurs to make a formal recording of their business online. In the past the process of online registration of businesses took close to one month but after the law was passed the process takes less than twenty four hours. An entrepreneur is able to make a formal recording of a simplified business entity, a bank account and an identification number in the registration process. A temporary business address can also be registered by the entrepreneur.
Argentina has the greatest currently unrealized ability when it comes to recording of money balance electronically on a stored-value card or other device.The people of Argentina started using cryptocurrencies early because they lacked 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.
Argentina has made a strong investment in energy that can be renewed so as to become more sustainable. 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.
Argentina has ensured more involvement in the international market.It has become a member of MERCOSUR which enables it to gain access to member countries with lower taxes and legal requirements, this ensures that the country increases its trading capacity and making it attract business with other countries.
The fact that Argentina has grown its young local talent 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.