Government’s Incentives Make It Easy To Set Up Business In Argentina
The government has set in place some incentives to help improve the state of the economy in the country, and these incentives are exactly why investors are now more keen than ever to set up business in Argentina. Among these incentives introduced include the lift of foreign-exchange controls, the creation of the Argentinian Simplified Shares Company, increased involvement in the international trade market and an established attractive legal framework.
Strong Investment Sectors
Argentina is a country which holds a vast selection of strong industries and sectors for international investors who are looking to delve into this market. The government of Argentina has also committed to the growth of this sector by creating renewable sector projects. Sectors such as agriculture, meat, animal, wine, automotive, oil, gas are among the sectors which are in need of international investment, which opens doors for entrepreneurs who are seeking an opportunity.
A Young and Educated Population
Argentina’s population is largely young and well educated, which is great news for investors who want to set up business in Argentina. With a high proportion of individuals who have completed at least a secondary education, with some of the highest rates of English and Spanish speakers, Argentina is fast becoming a prime business destination of choice.
The Country Is a Member of MERCOSUR
As a member of MERCOSUR has awarded Argentina with an array of benefits. In terms of international trade for example, Argentina is allowed access to numerous associate countries and three countries that have reduced legal requirement and limited taxes.
Affordable Labor Costs
The cost of labor in Argentina is affordable, along with the overhead costs for renting an office space.
Similar Time Zone with the US
Not 100% exactly, but Argentina is almost on a similar time zone as many of the major US cities located along the east coast, which makes conducting business convenient for investors whose businesses focus on dealing with clients from this region.
Speedy Incorporation Process
With the passing of the Ley de Emprendedores, investors will now be able to register a business in Argentina completely 100% online if they wanted and setup a business in Argentina within the next 24 hours. Prior to this approval, it could take up to 26 days to incorporate a company, and this new system has definitely worked in Argentina’s favor when it comes to attractive entrepreneurs to invest in the country.