Doing business in Argentina
Argentina is the eighth-largest country worldwide, and the second largest in Latin America. Being the world’s 27th largest economy, and the second-largest economy in South America. Argentina boasts plenty of natural resources, a highly-educated population of over 40 million people, the inexistence of racial, religious or geopolitical conflicts, the highest English speaking proficiency in the region, a wide school offer with international curricula, and the main metropolitan areas with lower pollution levels than most of Latin America urban center. Argentina´s capital city, Buenos Aires, is itself the 13th largest economy among the world’s cities.
With a lot of untapped markets and fields, doing business in Argentina may be very promising and
Castro Sammartino & Pierini is specially prepared to assist all kind of foreign investors and businesspersons, wishing to do business in Argentina, whether they are big multinational companies or small ventures.
Our advice covers the whole stages of setting up a new business in Argentina. From choosing the best legal vehicle, registering a foreign company with the Public Registry to allow it to be a shareholder or partner of a domestic company, incorporating an affiliated or subsidiary company, registering a branch, helping to lease or buy the premises, applying for trademark protection, hiring personnel, entering into commercial contracts, etcetera, our services are broad and comprehend both the set up and the day-to-day company´s legal needs.
We also assist foreign companies and businesspersons with preliminary agreements (letter of intentions, memorandums of understanding, term– sheets), due diligence, and the negotiation, drafting, and closing of stock purchase agreements to take interest in an existing local company.
Castro Sammartino & Pierini with your company, to be better, always.
From our Legal Blog
Labor costs in Argentina have changed after the emergency declared by Law No. 27,541 on Social Solidarity and Productive Reactivation in the Framework of the Public Emergency , and its Regulatory Decree No. 99/19. These regulations introduced significant legal changes, including those related to social security contributions in Argentina which we will briefly review below.
It is our pleasure to announce that Mario Eduardo Castro Sammartino contributed with the Chapter on Argentina in the book International Agency and Distribution Law, 2nd Ed., Release 8-2019, published by Juris Publishing Inc. (http://www.jurispub.com/s.nl?search=International+Agency+and+Distribution+Law+Second+Edition)
For more about our works, please, visit us at Publications.
Recession, high inflation, currency devaluation and application of the accounting adjustment for inflation, among other causes, may provoke that many companies must expose on their balance sheets relations that make them be incurred in the causes of mandatory capital reduction (Section 206 of the General Companies Law N 19,550, the Ley General de Sociedades or LGS, as amended) or dissolution for loss of capital (Section 94, subsection 5, of the LGS).