en flag
en flag

What you need to know in order to start a bussines in Argentina?

To start a business in Argentina as a foreigner, you need to choose a business structure (e.g., SRL or SA), obtain a National Tax Identification Number (CUIT) by either securing a local DNI or appointing a legal representative, and draft notarized articles of incorporation. Register your business with the Public Registry of Commerce, open a corporate bank account, and register with the Federal Administration of Public Revenue (AFIP) for tax purposes. If hiring employees, enroll in the social security system and comply with labor laws. Depending on your business activity, you may need additional licenses or permits. Given the complexities of Argentina’s tax and regulatory systems, working with a local accountant and legal advisor is strongly recommended.

12/25/20241 min read

person sitting near table holding newspaper
person sitting near table holding newspaper

Starting a business as a foreigner in Argentina involves several steps. Below is an overview of the process:

1. Determine Your Business Structure

Common types of businesses include:

  • Sociedad de Responsabilidad Limitada (SRL): Similar to an LLC, ideal for small to medium enterprises.

  • Sociedad Anónima (SA): Similar to a corporation, suitable for larger businesses.

  • Sole Proprietorship: Simplified structure but carries unlimited liability.

2. Obtain a National Tax Identification Number (CUIT/CUIL)

  • Foreigners need a DNI: Non-residents require a National Identity Document (DNI) for tax purposes. This involves:

    • Applying for residency (temporary or permanent).

    • Visiting the local immigration office.

  • Alternatively, appoint a legal representative with a local DNI to act on your behalf.

3. Draft and Notarize Articles of Incorporation

  • Specify your business objectives, shareholding, and capital contributions.

  • Have the documents notarized by a public notary (escribano público).

4. Register Your Business

  • Submit the notarized articles to the Public Registry of Commerce (Inspección General de Justicia - IGJ) or equivalent provincial authority.

  • Pay the registration fees.

5. Open a Corporate Bank Account

  • Deposit the minimum capital required (varies by business type).

  • Provide proof of company registration and tax compliance.

6. Register with AFIP

  • The Federal Administration of Public Revenue (AFIP) handles tax registrations.

  • Apply for a CUIT (business tax ID) and register for appropriate taxes, such as VAT and income tax.

7. Enroll in Social Security

  • If hiring employees, register with the social security system.

8. Obtain Required Licenses and Permits

  • Depending on your business activity, apply for specific industry permits or municipal licenses.

9. Hire an Accountant

  • Argentina has a complex tax system, and compliance is crucial. Hiring an experienced local accountant is advisable.

10. Comply with Employment Laws

  • If employing staff, adhere to labor laws, including payroll registration and employee benefits.

Tips for Foreigners:

  • Legal Advice: Consider consulting a local lawyer to navigate regulations effectively.

  • Residency: Temporary residency is sufficient for starting a business but permanent residency or citizenship may offer more flexibility.

  • Investment Benefits: Explore programs offering incentives for foreign investors, particularly in sectors like tech, renewable energy, and agriculture.

Would you like detailed information on any specific step?