Advantages Of Doing Business In Argentina
Argentina has a generally low economic environment but people from other countries still make investments in the county in spite of this making the number of greenfield investments to rise. Another improvement is that in the foreign direct investment stock in South America Argentina ranks fifth.
Entrepreneurs are able to make a formal recording of their business online due to these new laws called Ley de Emprendedores which has been put into existence by the government of Argentina. The process of online business registration which usd to take close to one month now takes less than twenty four hours due to the passing of the new law. The registration process enables an entrepreneur to register a simplified business entity, a bank account and an identification number. An entrepreneur is also allowed to register a temporary business address.
Argentina has the greatest currently unrealized ability when it comes to recording of money balance electronically on a stored-value card or other device. The use of cryptocurrencies now by the people of Argentina began long ago because the people had no trust in the government and in the banks. In the recent days Argentina has been ahead in digital currencies in Latin America and many businesses have begun making use of the bitcoin and other cryptocurrencies in their stores.
Argentina has made a strong investment in energy that can be renewed so as to become more sustainable. The main purpose of this is to have renewable its national electric energy consumption consisting of up to twenty percent renewable energy and they plan to have this 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 more involvement 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.