Advantages 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. Another improvement is that in the foreign direct investment stock in South America Argentina ranks fifth.
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. Previously the process of online registration of businesses took close to one month but due to these new law the process now takes less than twenty four hours. 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 potential when it comes to recording of money balance electronically on a store-value card or other device. 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.
Argentina has made a strong investment in renewable energy so that it is able to sustain itself. The main purpose of this is to have renewable its national electric energy consumption consisting of up to twenty percent renewable energy and they plan to have this by 2025. In order to attain this goal Argentina started auctions for renewable energy so as to attract investors from other countries. Argentina also offers incentives such as early VAT recovery, quicker depreciation, no minimum national income tax, no import duties and relief from other relevant taxes.
Argentina has ensured that it gets involved 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.
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 Making a visit to the county before deciding to have an investment there is advisable as you are able to learn more about the people and other things such as their culture.