Benefits 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. Argentina also ranks fifth in the foreign direct investment in South America which is another improvement.
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. Previously the process of online registration of businesses took close to one month but due to these new law the process now takes less than twenty four hours. The registration process enables an entrepreneur to register a simplified business entity, a bank account and an identification number. A temporary business address can also be registered by the entrepreneur.
Argentina has the greatest potential when it comes to recording of money balance electronically on a store-value card or other device.The people of Argentina started using cryptocurrencies early because they lacked 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. 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 achieve this goal Argentina started auctions for renewable energy which is aimed at attracting investors from other countries. Argentina also offers incentives such as early VAT recovery, quicker depreciation, no minimum national income tax, no import duties and relief from other relevant taxes.
The country has ensured more involvement in the international market. It has become a member of MERCOSUR which enables it to gain access to the member countries with lower taxes and legal requirements this increases the trading capacity of the country and thereby attracting business with other countries.
Argentina has grown its young talent, there are so many young educated people which makes 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. Making a visit to the county before deciding to have an investment there is advisable as you are able to learn more about the people and other things such as their culture.
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