New investments promotion in Argentina: the so-called “RIGI”
Investments promotion in Argentina
Investments promotion in Argentina is imperative to reactivate the economy without encouraging consumption via deficits and state spending (these policies carried out in recent years have only led to high inflation levels). The new investments promotion in Argentina through the regime called Incentive Scheme for Large Investments (Régimen de Incentivo para las Grandes Inversiones, hereinafter RIGI) goes in that direction.[1].
Some of the objectives of the RIGI are:
- to encourage large investments, both domestic and foreign;
- to increase exports of goods and services;
- to foster job creation;
and
- to encourage local production through requirements of minimum percentages of local suppliers.
In future publications, we will outline the main aspects of RIGI, for example, the legal vehicles to be used, the information and documentation required to apply for the RIGI, the investment plan to be submitted, the tax, customs, and foreign exchange benefits, etc.
If you would like a complimentary full report in PDF format specially prepared by our firm, please contact us.
Labor reform in Argentina
If you are interested in the significant labor reform in Argentina introduced by the new so-called Ley Bases, you can read the following article in our Legal Blog: Important labor reform in Argentina: what can companies not ignore about the Ley Bases?
Mario E. Castro Sammartino
[1] There are other investment promotion regimes in Argentina, limited to specific industries, such as technology and the knowledge economy, auto parts, renewable energies, etc. If you would like more information about these, please get in touch with us.
For additional information on these or any other issues related to doing business in Argentina, please, sign up for our Legal Blog or contact us at any time. Our publications exclusively express the author´s opinion and do not purport to be legal counsel on any case. Should you need it, you must consult with your trusted lawyer.
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