{"id":628,"date":"2011-12-31T03:19:00","date_gmt":"2011-12-31T03:19:00","guid":{"rendered":"https:\/\/www.kierjoffe.com\/news\/?p=628"},"modified":"2018-07-19T15:38:58","modified_gmt":"2018-07-19T18:38:58","slug":"argentina-doing-business-doing-business-in-argentina","status":"publish","type":"post","link":"https:\/\/www.kierjoffe.com\/news\/lawyer-argentina-attorney-buenos-aires-law-firm\/argentina-doing-business-doing-business-in-argentina\/","title":{"rendered":"Argentina Doing Business &#8211; Doing Business in Argentina"},"content":{"rendered":"<h2>Argentina\u00a0Doing Business 2014. Doing Business In Argentina. Starting Business Argentina. Registering Business Argentina. Argentina Business Guide.<\/h2>\n<p>Argentina Doing Business 2014<\/p>\n<p>Main economic indicators \u2014 36<br \/>\n2.2. Economic structure \u2014 37<br \/>\n2.2.1. Primary sector \u2014 38<br \/>\n2.2.2. Industrial sector \u2014 41<br \/>\n2.2.3. Services \u2014 43<br \/>\n2.3. Companies in Argentina \u2014 45<br \/>\n2.3.1. Profile of the top 500 non-financial companies \u2014 45<br \/>\n2.3.2. Multinational companies \u2014 47<br \/>\n2.4. Economic policy \u2014 48<br \/>\n2.4.1. Fiscal policy \u2014 48<br \/>\n2.4.2. Monetary and exchange policy \u2014 49<br \/>\n2.4.3. Debt policy \u2014 50<br \/>\n2.5. Domestic and foreign investment \u2014 51<br \/>\n2.5.1. Gross domestic foreign investment (GDFI) \u2014 51<br \/>\n2.5.2. Foreign Direct Investment (FDI) \u2014 52<br \/>\n2.6. International trade \u2014 54<br \/>\n2.6.1. Trade in goods \u2014 54<br \/>\n2.6.2. Trade in services \u2014 58<br \/>\n2.7. Labor market \u2014 58<br \/>\n2.8. Financial system and capital markets \u2014 60<br \/>\n2.8.1. Banking system \u2014 60<br \/>\n2.8.2. Capital markets \u2014 6210 \u2014DOING BUSINESS IN ARGENTINA \u2014 AN INVESTOR\u2019S GUIDE<\/p>\n<p>Argentina Doing Business\u00a0CHAPTER 3.<br \/>\n\u2014 Setting up a business in Argentina \u2014 How to do business in Argentina \u2014 64<br \/>\n3.1. Establishing a company \u2014 66<br \/>\n3.1.1. Branch offices \u2014 66<br \/>\n3.1.2. Creation of a new company or acquisition of ownership interests in an existing one \u2014 68<br \/>\n3.2. Accessing investment opportunities in Argentina \u2014 71<br \/>\n3.2.1. The Productive Investment Opportunities Database (BaPIP) \u2014 71<br \/>\n3.2.2. Goals of the BaPIP \u2014 72<br \/>\n3.2.3. Submission requirements for projects \u2014 72<br \/>\n3.2.4. Access to the BaPIP website \u2014 72<br \/>\n3.3. Settling in Argentina \u2014 73<br \/>\n3.3.1. Entry permits \u2014 74<br \/>\n3.3.2. Types of residence permits \u2014 74<br \/>\n3.4. Lease and purchase of real estate \u2014 77<br \/>\n3.5. Rural land purchase \u2014 77<br \/>\n3.6. Building permits \u2014 78<\/p>\n<p>Argentina Doing Business\u00a0CHAPTER 4.<br \/>\n\u2014 Legal framework \u2014 Key legislation and regulations \u2014 80<br \/>\n4.1. Legal framework for FDI \u2014 82<br \/>\n4.1.1. Foreign Investment Law \u2014 82<br \/>\n4.1.2. Bilateral investment treaties \u2014 83<br \/>\n4.1.3. Transferring funds into and from Argentina \u2014 85<br \/>\n4.2. Tax system \u2014 87<br \/>\n4.2.1. National taxes \u2014 88<br \/>\n4.2.2. Provincial taxes \u2014 90<br \/>\n4.2.3. Municipal taxes \u2014 91<br \/>\n4.3. Hiring employees \u2014 91<br \/>\n4.3.1. Types of employment contracts \u2014 91<br \/>\n4.3.2. Work experience contracts for training purposes \u2014 94<br \/>\n4.3.3. Remuneration \u2014 95<br \/>\n4.3.4. Occupational hazards \u2014 98<br \/>\n4.3.5. Vacations and leave \u2014 98<br \/>\n4.3.6. Minimum working age \u2014 99<br \/>\n4.3.7. Dismissal \u2014 99<br \/>\n4.3.8. Registering the work relationship \u2014 100<br \/>\n4.3.9. Incentives for contracting personnel \u2014 101<br \/>\n4.4. Intellectual property \u2014 101<br \/>\n4.4.1. Copyright \u2014 101<br \/>\n4.4.2. Industrial property \u2014 101<br \/>\n4.5. Environmental legislation \u2014 104<br \/>\n4.5.1. Environmental Law \u2014 104<br \/>\n4.5.2. Law of Integrated Management on Industrial Waste and Services Activities \u2014 104<br \/>\n4.5.3. Other specific environmental provisions \u2014 104INDEx\u2014 11<\/p>\n<p>Argentina Doing Business\u00a0CHAPTER 5.<br \/>\n\u2014 Foreign trade regulations \u2014 How to export from and import to Argentina \u2014 106<br \/>\n5.1. Argentina and its participation in multilateral trading \u2014 108<br \/>\n5.2. Requirement for international trade operations \u2014 108<br \/>\n5.2.1. Registering with the National Registry of Exporters and Importers \u2014 108<br \/>\n5.2.2. Registration as frequent importer and exporter \u2014 109<br \/>\n5.2.3. Registration as a non-frequent exporter \u2014 110<br \/>\n5.3. Exports: relevant steps and information \u2014 110<br \/>\n5.3.1. Customs clearance procedure for exports \u2014 110<br \/>\n5.3.2. Export refund system \u2014 111<br \/>\n5.3.3. Export duties \u2014 112<br \/>\n5.3.4. VAT exemptions \u2014 112<br \/>\n5.3.5. Other aspects \u2014 112<br \/>\n5.4. Imports: relevant steps and information \u2014 114<br \/>\n5.4.1. Types of imports \u2014 114<br \/>\n5.4.2. Import licensing \u2014 114<br \/>\n5.4.3. Sworn Affidavit Prior to Import \u2014 114<br \/>\n5.4.4. Sworn Affidavit Prior to Rendering Services \u2014 115<br \/>\n5.4.5. Tariffs and duties \u2014 115<br \/>\n5.4.6. Other aspects \u2014 116<\/p>\n<p>Argentina Doing Business\u00a0CHAPTER 6.<br \/>\n\u2014 Investment incentives \u2014 Public support to foster investment \u2014 118<br \/>\n6.1. Investment incentives for capital goods and infrastructure \u2014 120<br \/>\n6.1.1. Law to promote investments in capital goods and infrastructure works \u2014 120<br \/>\n6.1.2. Reduction of import duties on capital goods \u2014 120<br \/>\n6.1.3. Incentives for national production of capital goods, IT, telecommunications<br \/>\nand agricultural machinery \u2014 120<br \/>\n6.1.4. Reduction in Value-Added Tax (VAT) \u2014 120<br \/>\n6.1.5. Import of capital goods for large investment projects \u2014 121<br \/>\n6.1.6 Temporary import of capital goods \u2014 121<br \/>\n6.2. Sector-specific incentives \u2014 121<br \/>\n6.2.1. Promotion of the automotive and auto-part industries \u2014 121<br \/>\n6.2.2. Software industry promotion \u2014 122<br \/>\n6.2.3. Promotion of state-of-the-art biotechnology development and production \u2014 122<br \/>\n6.2.4. Biofuels promotion \u2014 123<br \/>\n6.2.5. Promotion of the motorcycle and motorcycle parts industries \u2014 123<br \/>\n6.2.6. Mining industry promotion \u2014 124<br \/>\n6.2.7. Forestry \u2014124<br \/>\n6.2.8. Promotion of the exploration and exploitation of hydrocarbons \u2014125<br \/>\n6.2.9. Public infrastructure Works \u2014 125<br \/>\n6.2.10. Promotion of the use of renewable sources of energy \u2014 125<br \/>\n6.2.11. Audiovisual industry \u2014 126<br \/>\n6.3. Location incentives \u2014 127<br \/>\n6.3.1. Provincial incentives \u2014 127<br \/>\n6.3.2. Free Trade Zones \u2014 127<br \/>\n6.4. Incentives for innovation and technological development \u2014 127<br \/>\n6.4.1. Argentine Technology Fund (FONTAR) \u2014 127<br \/>\n6.4.2. Software Industry Fiduciary Fund (FONSOFT) \u2014 12812 \u2014DOING BUSINESS IN<\/p>\n<p>Argentina Doing Business\u00a0\u2014 AN INVESTOR\u2019S GUIDE<br \/>\n6.4.3. Fund for Scientific and Technological Research (FONCYT) \u2014 128<br \/>\n6.4.4. Argentine Sector Fund (FONASERC) \u2014 128<br \/>\n6.4.5. National Science and Technology Council (COFECYT) \u2014129<br \/>\n6.4.6. Promotion and Encouragement of Technological Innovation (Law No. 23877) \u2014 129<br \/>\n6.5. Employment incentives \u2014 129<br \/>\n6.5.1. New hiring incentive programs \u2014 129<br \/>\n6.5.2. Training programs for employees \u2014 130<br \/>\n6.6. Investment Financing \u2014 131<br \/>\n6.6.1. Credit lines from the National Bank of Argentina (BNA) \u2014131<br \/>\n6.6.2. Bicentennial program for productive Financing \u2014 131<br \/>\n6.6.3. Credit lines from the Investment and Foreign Trade Bank (BICE) \u2014131<br \/>\n6.6.4. Credit lines from the Federal Investment Council (CFI) \u2014 131<br \/>\n6.6.5. Subsidized rates for loans to Micro, Small and Medium-Size Enterprises (MiSMEs) \u2014 132<br \/>\n6.6.6. National Development Fund for MiSMEs (FONAPyME) \u2014 132<br \/>\n6.6.7. Bicentennial national program for industrial park development \u2014132<br \/>\n6.6.8. FINPYME \u2014132<br \/>\n6.7. Export promotion \u2014133<br \/>\n6.7.1. Draw back \u2014 133<br \/>\n6.7.2. Export refunds \u2014 133<br \/>\n6.7.3. Inward processing relief \u2014134<br \/>\n6.7.4. Turnkey exports \u2014 134<br \/>\n6.7.5. In-company customs system (RAF) \u2014134<br \/>\n6.7.6. In-house customs \u2014135<br \/>\n6.7.7. Undersecretariat for Investment Development and Trade Promotion \u2014135<br \/>\n6.7.8. Fundaci\u00f3n Exportar \u2014 135<br \/>\n6.7.9. PROArgentina \u2014136<\/p>\n<p>Argentina Doing Business\u00a0CHAPTER 7.<br \/>\n\u2014 Living in Argentina \u2014 A place you will want to stay \u2014 138<br \/>\n7.1. Quality of life \u2014 140<br \/>\n7.2. Transport \u2014 140<br \/>\n7.3. Culture \u2014 140<br \/>\n7.4. Entertainment \u2014 142<br \/>\n7.5. Cuisine \u2014 143<br \/>\n7.6. Tourism \u2014 144<\/p>\n<p>Argentina Doing Business\u00a0CHAPTER 8.<br \/>\n\u2014 Frequently asked questions \u2014 Answers to investors\u2019 queries \u2014 146<br \/>\n8.1. What is the legal framework that protects foreign investment? \u2014 148<br \/>\n8.2. Are foreign investors treated differently from national investors? \u2014 148<br \/>\n8.3. Is there a foreign investment registry? \u2014 148<br \/>\n8.4. What restrictions are there on companies remitting profits abroad? \u2014 148<br \/>\n8.5. Are there any restrictions on specific sectors? \u2014 148<br \/>\n8.6. Does Argentina adhere to the Authorized Economic Operator (AEO) program? \u2014 148<br \/>\n8.7. What kinds of immigration permits are required to do business in Argentina? \u2014 148<br \/>\n8.8. What are the main legal provisions that regulate the labor market? \u2014 148<br \/>\n8.9. How many hours is a work day? \u2014 148<br \/>\n8.10. How many vacation days are workers entitled to per year? \u2014 149INDEx\u2014 13<br \/>\n8.11. Is there an extra or additional salary to be paid per year? \u2014 149<br \/>\n8.12. What are the terms of the different work contracts? \u2014 149<br \/>\n8.13. What are the regulations governing redundancy? \u2014 149<br \/>\n8.14. How is the tax system structured? \u2014 149<br \/>\n8.15. What are the main taxes according to the different levels of government? \u2014 149<br \/>\n8.16. Are there any promotional and\/or incentive programs in place to encourage investment? \u2014 150<br \/>\n8.17. Are there any industry-specific incentives in place? \u2014 150<br \/>\n8.18. Are investment incentives provided at a provincial level? \u2014 150<br \/>\n8.19. What are the options available to establish a company in Argentina? \u2014 150<br \/>\n8.20. Which importers need to file a Sworn Affidavit Prior to Import (DJAI)? \u2014 150<br \/>\n8.21. Is the Sworn Affidavit Prior to Import required to be processed<br \/>\ntogether with the non-automatic import license? \u2014 150<br \/>\n8.22. What is the validity period of the Sworn Affidavit Prior to Import? \u2014 150<\/p>\n<p>Argentina Doing Business\u00a0Chapter 9.<br \/>\n\u2014 Directory \u2014 Key public institutions for doing business in Argentina \u2014 152<br \/>\n9.1. National entities \u2014 154<br \/>\n9.2. Provincial entities \u2014 156<br \/>\n9.3. Information sources<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Argentina\u00a0Doing Business 2014. Doing Business In Argentina. Starting Business Argentina. Registering Business Argentina. Argentina Business Guide. Argentina Doing Business 2014 Main economic indicators \u2014 36 2.2. Economic structure \u2014 37 2.2.1. Primary sector \u2014 38 2.2.2. Industrial sector \u2014 41 2.2.3. Services \u2014 43 2.3.&hellip;<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-628","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Argentina Doing Business - Doing Business in Argentina<\/title>\n<meta name=\"description\" content=\"Argentina Doing Business 2014. Doing Business In Argentina. Starting Business Argentina. Registering Business Argentina. 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