Doing Business with Argentina

A comprehensive guide to doing business, exporting, investing, and manufacturing in Argentina.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

Argentine Investment And International Trade Agency

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Administración Federal de Ingresos Públicos (AFIP)

Tel: +54 810 999 2347
Web: www.afip.gob.ar

National Chamber of Commerce

Argentina Chamber of Commerce and Services

Tel: +54 11 5300 9000
Email: cac@cac.com.ar
Web: www.cac.com.ar

 

Ministry of Economy Information from the International Trade Council - a Peak-body - international chamber of commerce

Ministry of Economy of Argentina

Tel: +54 11 4349 5000
Email: ciudadano@mecon.gob.ar
Web: www.argentina.gob.ar

  • Type of Government: Federal presidential constitutional republic
  • Population: Approximately 45 million
  • GDP: Around $640 billion USD
  • Corporate Tax Rate: 25% to 35%
  • Personal Income Tax Rate: 5% to 35%
  • Major Exports: Soybeans, corn, vehicles, wheat, beef
  • Major Imports: Machinery, motor vehicles, petroleum, plastics, organic chemicals
  1. Research Market Demand

    • Identify the demand for your product in Argentina.
    • Analyze competition and local market conditions.
  2. Understand Export Regulations

    • Familiarize yourself with Argentina’s import regulations and tariffs.
    • Ensure compliance with international trade laws.
  3. Product Classification

    • Determine the correct Harmonized System (HS) code for your product.
  4. Documentation Preparation

    • Prepare necessary documents: commercial invoice, packing list, certificate of origin, and bill of lading.
  5. Find a Local Partner

    • Identify a local distributor or agent to navigate local logistics and regulations.
  6. Register with Argentine Customs

    • Ensure your business is registered with Argentina’s customs authorities.
  7. Comply with Standards

    • Adhere to Argentina’s product standards and labeling requirements.
  8. Arrange Shipping and Logistics

    • Choose a reliable logistics provider familiar with Argentine imports.
    • Decide on the mode of transport and manage insurance.
  9. Customs Clearance

    • Work with your local partner to manage customs clearance upon product arrival.
  10. Payment and Financing

    • Establish a secure payment method.
    • Consider export insurance or financing options if needed.

Key Contacts

Here’s a general guide on how to import goods into Argentina:

  1. Research Import Regulations

    • Understand Argentina’s import laws and tariff classifications.
    • Check for any restrictions on your products.
  2. Obtain Import Licenses

    • Determine if your products require specific import licenses or permits.
  3. Register with Argentine Customs

    • Ensure your business is registered with Argentina’s customs (AFIP).
  4. Classify Your Goods

    • Use the Harmonized System (HS) code to classify your goods correctly.
  5. Find a Customs Broker

    • Hire a licensed customs broker to assist with documentation and regulations.
  6. Prepare Required Documentation

    • Gather necessary documents: commercial invoice, packing list, bill of lading, certificate of origin.
  7. Ensure Compliance with Standards

    • Meet Argentina’s standards and labeling requirements for your products.
  8. Arrange Shipping and Logistics

    • Choose a reliable logistics provider and arrange for transportation and insurance.
  9. Customs Clearance

    • Work with your customs broker to ensure smooth customs clearance.
  10. Payment of Duties and Taxes

    • Calculate and pay any applicable import duties, taxes, and fees.

Key Contacts

Here’s a guide on how to incorporate a company in Argentina:

  1. Choose a Business Structure

    • Decide on the type of entity (e.g., SRL, SA).
  2. Reserve a Company Name

    • Check and reserve your company name with the Office of Corporations (IGJ).
  3. Draft the Bylaws

    • Prepare the company’s bylaws with the help of a notary.
  4. Deposit Initial Capital

    • Open a bank account and deposit the minimum capital required.
  5. Register with the Public Registry

    • Submit the bylaws and incorporation documents to the IGJ.
  6. Obtain a Tax Identification Number (CUIT)

    • Register with the Federal Administration of Public Revenue (AFIP).
  7. Register for Social Security

    • Register your company for social security and pensions.
  8. Obtain Municipal Licenses

    • Apply for any necessary local business licenses.
  9. Register Employees

    • Enroll employees in the social security system.

Costs

  • Notary Fees: Varies, generally around $1,000 to $2,000 USD.
  • Initial Capital Requirement: Depends on the type of company; typically around $300 USD for SRL, higher for SA.
  • Registration Fees: Approximately $100 to $500 USD.

Key Contacts

Here’s a guide on how to set up a manufacturing plant in Argentina:

  1. Conduct Feasibility Study

    • Analyze the market, costs, and location benefits.
  2. Choose a Legal Structure

    • Decide on the type of business entity (e.g., SRL, SA).
  3. Register the Company

    • Follow incorporation steps: reserve name, draft bylaws, register with IGJ, and obtain CUIT.
  4. Select a Location

    • Choose a strategic location considering logistics, access to resources, and workforce availability.
  5. Acquire Land and Permits

    • Purchase or lease land and obtain necessary construction and environmental permits.
  6. Design and Build the Facility

    • Hire architects and contractors to design and construct the plant.
  7. Install Machinery and Equipment

    • Purchase and set up manufacturing equipment.
  8. Hire and Train Employees

    • Recruit skilled labor and provide necessary training.
  9. Ensure Compliance with Regulations

    • Adhere to safety, environmental, and labor regulations.
  10. Register with Relevant Authorities

    • Register with municipal authorities and obtain operational licenses.

Key Contacts

 

Here’s a guide on how to register a trademark in Argentina:

  1. Conduct a Trademark Search

    • Check for existing trademarks to avoid conflicts using the National Institute of Industrial Property (INPI) database.
  2. Prepare Application

    • Gather necessary information: trademark name, logo, class of goods/services.
  3. Submit Application

    • File the application with INPI online or in person.
  4. Pay Fees

    • Pay the required application fee, approximately $50 to $100 USD, depending on the trademark class.
  5. Examination Process

    • INPI examines the application for compliance and potential conflicts.
  6. Publication in Official Bulletin

    • If approved, your trademark is published for opposition, allowing third parties to contest.
  7. Opposition Period

    • Wait for a 30-day period for any oppositions. If opposed, legal proceedings may ensue.
  8. Registration and Issuance

    • If no opposition, or once resolved, INPI registers your trademark and issues a certificate.
  9. Renewal

    • Trademarks are valid for 10 years and can be renewed indefinitely.

Key Contacts

  • National Institute of Industrial Property (INPI)
  1. Negotiation

    • Attempt to resolve the dispute through direct negotiation between parties.
  2. Mediation

    • Engage a mediator to facilitate discussions and reach a voluntary agreement.
  3. Arbitration

    • If agreed upon, use arbitration for a binding resolution. Check if your contract includes an arbitration clause.
  4. File a Lawsuit

    • If other methods fail, file a lawsuit in the appropriate commercial court.
  5. Court Proceedings

    • Present evidence and arguments before the court. This process can be lengthy.
  6. Judgment

    • The court issues a judgment which can be enforced legally.
  7. Appeal

    • If necessary, appeal the decision to a higher court.

Costs

  • Mediation and Arbitration Fees: Vary based on the mediator/arbitrator and complexity.
  • Legal Fees: Depends on the lawyer and duration of the case.
  • Court Fees: Typically a percentage of the claim amount.

Key Contacts

 

Here’s an overview of key factors related to doing business in Argentina:

Social Factors

  • Language: Spanish is the official language. Understanding local dialects and business jargon is beneficial.
  • Business Culture: Personal relationships are important. Building trust and networking are crucial for success.

Cultural Factors

  • Work Ethic: Punctuality is valued, but meetings may start later than scheduled. Face-to-face meetings are preferred.
  • Communication Style: Argentinians are generally warm and expressive. Non-verbal communication plays a significant role.

Political Factors

  • Government Structure: Argentina is a federal presidential constitutional republic.
  • Regulations: Frequent changes in regulations can impact business operations. Staying informed is essential.

Economic Factors

  • Foreign Exchange: The Argentine peso can be volatile. Currency fluctuations may affect costs and pricing.
  • Inflation: Historically high inflation rates can impact purchasing power and financial planning.

Legal and Regulatory Environment

  • Rule of Law: Legal processes can be slow. It’s important to ensure compliance with local laws and regulations.
  • Intellectual Property: Protecting intellectual property can be challenging. Register trademarks and patents with INPI.

Additional Considerations

  • Infrastructure: While urban areas are well-developed, rural regions may lack infrastructure.
  • Market Access: Argentina is part of Mercosur, offering access to regional markets.

Relevant URLs

  • Ministry of Foreign Affairs and Worship: Ministry of Foreign Affairs
  • National Institute of Industrial Property (INPI): INPI
  • Federal Administration of Public Revenue (AFIP): AFIP

Our Members Include Leading Organizations in Argentina

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