Argentina is a very popular country including a high rate of literacy and huge growth capacity. It's being ranked as the 3rd largest economy in Latin America. It operates a stable political and economic environment which offers a strong business infrastructure. Argentina is also being identified as the most attractive preferred place to open a company. It holds large numbers of the specialized and non-specialized workforce. Being the 8th biggest country in the world, Argentina warmly welcomes both local and foreigners to set up a company. This country is blessed with adequate natural resources and huge foreign investment opportunities with no restrictions.

The Argentine Government also supports the investors as much as possible to develop a new company or expanding the existing one. Hence opening a company in Argentina will bring huge profitable business possibilities to the investors. Argentina is also recognized as an attractive marketplace due to its ambitious and developed economy. The investors can do their business internationally too. The huge potential of Argentina has inspired many foreigners to begin their company activities in this country.

Argentina's law is a bit complex and evolving day by day. It's recommended that the investors should go through all the legal advice before setting up a company. According to the law of Argentina company registration, there are a number of company types available in Argentina.

• Limited Liability Company (LLC)
• Stock Corporation
• Branch Office
• Free Zone
• Simplified Shares Company (SAS)
• Public Limited Company

Short briefing on the requirements of Common Company types in Argentina

Requirements	LLC	Stock Corporation	Branch Office	Free Zone	SAS
Least shareholder	2	2	1	2	1
Least directors	2	1	1	3	1
Least initial capital needed	US$300	US$7,500	NONE	US$2,500	AR$16,120
Need resident shareholder	NO	NO	NO	-	-
Allocated corporate tax rate	35%	35%	35%	35%	35%
Need to file annual tax return	YES	YES	YES	YES	YES
Need resident director	YES	YES	YES	YES	-

Common type of companies’ summary, registration and short estimated cost table

Limited Liability Company (LLC):

• Also known as SRL.
• Can have self-companies.
• The directors can be individuals or companies.
• Individuals or legal entity can be the shareholders.
• Might need 12 weeks to set up this company.
• Can fully owned by foreigners.
• Allowed to have corporate shareholders.
• Need 8 weeks to open a bank account.
• Need to file yearly financial statements with the Public Registry.

Services	Costs (US$)
Formation fees without travel	13,550 (for 1st year)
Permitted registered office	2,500
Tax and VAT registration	850
corporate bank account opening	2,950

Stock Corporation:

• A legal limited liability company.
• Can fully be owned by foreigners.
• Can open a corporate bank account at Banco Santander.
• Allowed to have corporate shareholders.
• Can rent an office.
• Need 12 weeks to set up this company.
• Can open a bank account in 8 weeks.
• Need to file yearly financial statements with the Public Registry.

Services	Costs (US$)
Formation fees without travel	13,550 (for 1st year)
Permitted registered office	2,500
corporate bank account opening	2,950
Government registration fees	940
Tax and VAT registration	850

Branch Office:

• Fully foreign owned.
• A legal limited liability company.
• Need to have a corporate account with Banco Marco.
• Need 12 weeks to set up this company.
• Must need a legal representative.
• Must submit yearly financial statements.
• Need 8 weeks to open a bank account.
• Can have self-companies.

Services	Costs (US$)
Formation fees without travel	13,590 (for 1st year)
Bank account opening	4,950
Government registration fees	940
Tax and VAT registration	850

Free Zone:

• Need to have a physical office.
• Can be fully foreign owned.
• Need a tax registration certificate.
• Approximately need 12 weeks to set up this company.
• Doesn't need to appoint an auditor.
• Must submit yearly financial statements.
• Limited liability Company.
• Can have self-companies.

Services	Costs (US$)
Formation fees without travel	13,550 (for 1st year)
Office premises	950
Bank account opening	2,950
Government registration fees	940
Tax and VAT registration	850

Initial procedures to register a company in Argentina

• Investors must choose a relevant name for the company. It must be approved by the Office of Corporations.
• Need to verify all the signatures from the partners at a notary public office.
• Must need to deposit the primary capital as per to the company type at the National Bank and collect a proof receipt.
• Investors must publish the new company's establishment notice in the Official Gazette.
• The incorporation tax fees need to be paid at Argentina's National Bank.
• Register with the Public Register of Commerce including submitting several documents.
• Company' corporate manager must acquire the Fiscal Code from the National Tax Office.
• Need to collect the tax identification number from National Tax Office.
• Investors have to register for social security.
• Need to purchase special accounting books.
• Must register for turnover tax (local municipal office) and labor (Unified System of Labor Registration).
• Need to lubricate Company Books (with the Ministry of Labor).
• Must obtain employee insurance with a risk labor society.
• Need to register for VAT (for foreign companies doing creating taxable supplies).

Read Also: How to register a company in Argentina?

Required documents for company registration in Argentina

• Articles of Incorporation (copy) (must be certified and legalized),
• By-laws of the Corporation with all its bills (copy) (must be certified and legalized),
• Proof of Argentina residence,
• The Board of Directors resolution,
• A specific power of attorney' issuance to act on account of the Corporation etc.

Entrepreneurs can apply for a suitable license from various available licenses in Argentina. Such licenses are:

• Exclusive License
• Non-Exclusive License
• Patent License
• Trademark License

Conclusion

Argentina is a popular center of attraction for investors from all over the world. It provides straightforward company formation processes compared to other countries. Being the 7th wealthiest nation in the world, Argentina offers huge appealing business opportunities to the businessman. Hence investors can enjoy a profitable business with standard amounts of tax exemption facilities.