Start A Business In Argentina

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How To Start A Business In Argentina

Reviewed by Kathleen Peddicord

Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

Crane in Puerto Madero Buenos Aires. Starting a business in Argentina
AdobeStock/Andriy Petrenko

To start a business in Argentina, the country is set up to be welcoming to foreigners—though the amount of paperwork to do so can seem overwhelming. (That is required, however, of local citizens just as well.)

Many foreign business owners consider the paperwork and accompanying headaches worth it to owning a business in Argentina, though, mostly because it is rife with opportunity and local talent.

The benefits to incorporating in Argentina obviously are the ability to conduct business freely and openly in the local market.

Argentina is currently in a more protectionist phase where it is looking to promote local industry and rely less on imports. Also, it is even more crucial for corporations looking to do work in Argentina to have a local incorporated presence.

One major frustration many business owners who are used to working in foreign countries relates to corruption. In short, corruption is well embedded in the Argentine culture, in both small and big ways.

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Corners sometimes are cut with processes and paperwork. In extreme cases, many people own and operate flourishing business en negro (in black) and not officially on the books.

To a scrupulous and careful business owner who follows all of the many steps required to get a business off the ground, this can be maddening.

We recommend to enlist the help of consultants and companies with on-the-ground expertise when considering incorporating in Argentina.

It is a legally complex country with laws regularly changing and being added, especially during an unstable economic time.

Foreigners, particularly those landing from places like Europe and the United States, are often pleasantly surprised by how far their money can take them in Argentina.

Click here for currency conversion at today’s exchange rate.

Steps To Start A Business In Argentina

Procedures For Starting A Business in ArgentinaEstimated Completion TimeAssociated Fees And Costs
The name of the company is verified by the Office of Corporations (Inspección General de Justicia) (IGJ)1 dayARS 210
Certify signatures of partners by a notary public1 dayApproximately ARS 1,000 to ARS 1,500 (cost of 5 notarized signatures)
Deposit initial capital in National Bank (Banco de la Nación Argentina) and obtain proof of payment1 dayARS 45 (VAT excluded)
Publish the new company’s notice in the official paper (Boletín Oficial)2 days on averageapproximately ARS 2,500 (expedited publication fee) + ARS 100 (legalization of signature)
Payment of the incorporation fee1 dayARS 100
Registration with the Public Register of Commerce of the City of Buenos Aires5 days on average (expedited procedure)ARS 3,360 for expedited procedure
Buy special books1 dayfees included in procedure 8
Get a form from the Public Notaries College and have a notary public submit the company books for rubrication by the General Inspection of Justice (IGJ)5 days (urgent filling)ARS 3,018
Corporate manager needs to obtain a Fiscal Code (Clave Fiscal)1 dayno charge
Obtain a tax identification number (CUIT) from the National Tax Office (Administración Federal de Ingresos Públicos, AFIP) and register for social security4 daysno charge
Register turnover tax at local level at the Administración General de Ingresos Públicos (AGIP) in the City of Buenos AiresLess than one day (online procedure)no charge
Register with the Sistema Unico de Seguridad Social (SUSS)Less than one day (online procedure)no charge
Contract an insurance for employees with a risk labor company (ART, Aseguradora de Riesgos del Trabajo)1 dayno charge
Rubricate books of wages in the Dirección General de Empleo (Ministry of Labor)1 dayARS 5 per page (an average of 20-25 pages)

Argentina FAQs

What Is Argentina Known For?

Argentina is known for the fertile plains of the pampas, lead, zinc, tin, copper, iron ore, manganese, petroleum, uranium, arable land. Also, soccer is a massive source of pride for Argentinians.

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