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There are different legal vehicles to do business in Argentina. The ones most commonly used by multinational companies are: 1. Branches; and 2. Subsidiaries, with one or more partners.
This brief deals with corporate governance in Argentina with a focus on the management of corporations, governed in general by the General Companies Law Number 19,550 (Ley General de Sociedades or LGS by its Spanish acronym).
When partnering to do business, it should always be considered the rights the Argentine General Companies Law Number 19,550 (Ley General de Sociedades Nº 19,550 or LGS for its Spanish acronym) grant to minority shareholders or partners – many of them with no minimum shareholding requirement -
The recently enacted Law Number 27,349 on Support for Entrepreneurial Activities (Ley de Apoyo al Capital Emprendedor or LACE) is aimed to provide a legal framework to foster and fund entrepreneurship in Argentina. The LACE has established special tax benefits for investors, a crowd funding system and the Simplified Corporation as a new company type . All in all, the LACE will enhance the venture capital industry in Argentina, providing the myriad of high-skill entrepreneurs the country has with their most scarce resource up to know: funding. Following, we will summarize the tax benefits created to benefit those investing in entrepreneurs in Argentina
On April 22, 2017, it was published in the National Official Gazette Law Number 27,349 on Support for Entrepreneurial Activities (Ley de Apoyo al Capital Emprendedor or LACE). Outstanding among its different provisions is the introduction of a new company type: the Simplified Corporation, also known as Simplified Joint Stock Company or Simplified Shares Company (Sociedad por Acciones Simplificada or SAS by its Spanish acronym).
Security interests in Argentina may be structured through different agreements according to the nature of the assets included as collaterals. The Civil and Commercial Code of the Nation (Código Civil y Comercial de la Nación or CCCN) makes a distinction between personal or movable property and real property or real estate (Articles Number 225 and following).
Until the new Civil and Commercial Code of the Nation (Código Civil y Comercial de la Nación or CCCN) became in force on August 1, 2015, distribution agreements had not had statutory regulation in Argentina. The CCCN has set forth that the concession contract´s provisions will also govern the distribution agreement as far as those provisions are relevant to the distribution contract (CCCN, Article Number 1,511, Sub-article b)
Trademarks in Argentina in a nutshell 1) Legal framework Trademarks in Argentina are governed by Law Number 22,362, as amended (the Trademark Law or TML). The TML supplements the Civil and Commercial Code of the Nation. Argentina is a party to the Paris Convention and has in force the Trade-Related Aspects of Intellectual Property Rights (TRIPS) provisions of the General Agreement on Trade and Tariffs (GATT). 2) Conditions for registration Under Article 1 of the TML ...
Hiring foreign workers in Argentina involves reviewing immigration laws in force. Immigration to Argentina is governed by the Migration Law Number 25,871 (Ley de Migraciones or LM), its Regulatory Decree Number 616/2010, and supplementary dispositions enacted by the National Direction of Migrations (Dirección Nacional de Migraciones or DNM) that is the agency in charge of enforcing migration laws (such as Dispositions Number 1170/2010, 1171/2010 and 1824/2013). Under Argentine immigration laws, there is no cap or quota as to the number of foreign workers that may be hired
Real estate in Argentina: how to acquire title to or lease urban property to do business in Argentina To a greater o lesser extent, doing business in a country always encompasses the use of real estate. In this article, we will cover the basics of real property rights and leases over urban facilities for commercial purposes in Argentina.
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