Advantages Of Doing Business In Argentina
The general economic environment in Argentina is quite low but people from other countries still make investments in the country in spite of this causing a rise in the number of greenfield investments. 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. In the past the process of online registration of businesses took close to one month but after the law was passed the process takes less than twenty four hours.The registration process enables an entrepreneur to make a formal recording of a simplified business entity, a bank account and an identification number here. A temporary business address can also be registered by the entrepreneur.
Argentina has the greatest currently unrealized ability when it comes to digital currencies. The citizens of Argentina began the use of cryptocurrencies long ago as they 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.
A strong investment in energy that can be renewed has been made by Argentina so as to become more sustainable.Their main intention is to have renewable energy taking up to twenty percent of their national electric energy consumption and this is planned to happen by 2025. In order to attain this goal Argentina started auctions for renewable energy so as to attract investors from other countries. It also offers rewards such as early VAT recovery, quicker deprecation, 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. Becoming a member of MERCOSUR enables the country to have access to the member countries with lower taxes and legal requirements therefore increasing the trading capacity of the country which attracts business with other countries.
Argentina has ensured it grows the young local talent making it a great investment location. Majority of the young people can speak both English and Spanish and have also attained secondary education making it easy for an investor to get local talent to run the business. It is important for one to make a visit to the country in order to learn more about the people and other things such as their culture before deciding to invest there.
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