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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).
On January 16, 2020, the Central Bank of the Argentine Republic (Banco Central de la República Argentina, or BCRA after its Spanish acronym) enacted Communication “A” 6869, lessening the foreign exchange market restrictions for multinational companies doing business in Argentina.
The Argentine Executive Power, by means of the Urgency and Necessity Decree No. 609/2009, established new foreign exchange regulations in Argentina controlling certain aspects of the inflows, outflows, purchase of foreign currency and other transactions as of 1 September 2019. These regulations have been complemented and extended by additional regulations issued by the Central Bank of the Argentine Republic (Banco Central de la República Argentina, or BCRA after its Spanish acronym).
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., published by Juris Publishing Inc.
In this third part of the series of articles that we will publish on the subject of the promotion of the knowledge economy carried out by the new Law No. 27.506, we will deal with the significant tax benefits of the knowledge economy in Argentina.
In this second installment of the series of articles that we will publish on the subject of the promotion of the knowledge economy carried out by the new Law No. 27.506, we will focus on the beneficiaries of the promotion of the knowledge economy.
By Law No. 27,506, published in the Official Gazette on June 10, 2019, the national government established the Promotion of the Knowledge-Based Economy Regime with the goal of promoting economic activities that apply the use of knowledge and the digitalization of information, supported by breakthroughs in science and technology, to obtaining goods, providing services and/or improving processes
To incorporate a brand new subsidiary in Argentina or take interest in an already existing company, foreign companies must first register themselves with the Public Registry, filing certain documents
In this opportunity, we will sum up the basics to be evaluated to set up a business structure, focusing on the corporation (“Sociedad Anonima”, or SA), the limited liability company (“Sociedad de Responsabilidad Limitada”, or SRL), and the simplified corporation (“Sociedad por Acciones Simplificada”, or SAS)
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