{"id":1656,"date":"2015-02-17T19:23:58","date_gmt":"2015-02-17T22:23:58","guid":{"rendered":"https:\/\/cspabogados.com.ar\/?p=1656"},"modified":"2022-11-13T11:09:45","modified_gmt":"2022-11-13T14:09:45","slug":"doing-business-in-argentina-2","status":"publish","type":"post","link":"https:\/\/cspabogados.com.ar\/en\/doing-business-in-argentina-2\/","title":{"rendered":"Doing business in Argentina &#8211; procedures after registration of a company: Keeping the good standing"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; fullwidth=&#8221;on&#8221; _builder_version=&#8221;4.19.0&#8243; _module_preset=&#8221;default&#8221; background_enable_image=&#8221;off&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_fullwidth_post_title date_format=&#8221;j M Y&#8221; comments=&#8221;off&#8221; featured_image=&#8221;off&#8221; admin_label=&#8221;CSP. HEADER POSTS INGLES EMPRESAS&#8221; _builder_version=&#8221;4.19.0&#8243; _module_preset=&#8221;default&#8221; title_font=&#8221;Source Serif Pro||||||||&#8221; title_text_color=&#8221;#FFFFFF&#8221; title_font_size=&#8221;36px&#8221; meta_font=&#8221;Source Sans Pro||||||||&#8221; meta_text_color=&#8221;#FFFFFF&#8221; background_enable_color=&#8221;off&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_stops=&#8221;rgba(18,17,93,0.5) 0%|rgba(18,17,93,0.5) 100%&#8221; background_color_gradient_overlays_image=&#8221;on&#8221; background_enable_image=&#8221;off&#8221; background_position=&#8221;top_center&#8221; custom_margin=&#8221;|||0px|false|false&#8221; custom_padding=&#8221;300px||50px||false|false&#8221; animation_style=&#8221;fade&#8221; global_module=&#8221;221777&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_fullwidth_post_title][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_stops=&#8221;#f0f3fb 0%|rgba(255,255,255,0) 50%&#8221; background_color_gradient_overlays_image=&#8221;on&#8221; background_enable_image=&#8221;off&#8221; background_size=&#8221;contain&#8221; background_position=&#8221;top_center&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; background_color=&#8221;#FFFFFF&#8221; width=&#8221;95%&#8221; max_width=&#8221;950px&#8221; custom_padding=&#8221;5%|5%|5%|5%|true|true&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text admin_label=&#8221;CSP LEGAL BLOG. BODY&#8221; _builder_version=&#8221;4.19.0&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Source Sans Pro||||||||&#8221; text_text_color=&#8221;#292929&#8243; text_font_size=&#8221;20px&#8221; text_line_height=&#8221;30px&#8221; header_font=&#8221;Source Serif Pro||||||||&#8221; header_text_color=&#8221;#292929&#8243; header_2_font=&#8221;Source Serif Pro||||||||&#8221; header_2_text_color=&#8221;#292929&#8243; header_3_font=&#8221;Source Serif Pro||||||||&#8221; header_3_text_color=&#8221;#292929&#8243; width=&#8221;795&#8243; global_module=&#8221;219558&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p style=\"font-weight: 400;\">For Doing Business in Argentina, the Argentine Commercial Companies Law N\u00ba 19,550 sets forth mostly imperative legal provisions, which by reasons of public order may not be modified by the partners of a company when they organize themselves executing the articles of incorporation or by-laws. Provided these public order regulations are complied with, the Public Registry of Commerce registers the company. If the Public Registry of Commerce objects to some content of the article of incorporations or by-laws, the registration is delayed until the partners amend such documents accordingly<a name=\"_ftnref1\"><\/a><a href=\"https:\/\/cspabogados.com.ar\/en\/doing-business-in-argentina-2\/#_ftn1\"><span>[1]<\/span><\/a>.<\/p>\n<p style=\"font-weight: 400;\">Once registration is granted, the company may proceed to file to get its relevant tax and social security numbers and mandatory books.<\/p>\n<p style=\"font-weight: 400;\">All traders, either individuals or commercial companies, are to keep two commercial books, with special content determined by law: the Daybook and the Stock Book and Balances (Code of Commerce, article 44). The Public Registry of Commerce must rubricate said books.<\/p>\n<p style=\"font-weight: 400;\">Commercial companies must also get some corporate books and have them rubricated by the Public Registry of Commerce. Being the case of corporations (<em>Sociedades An\u00f3nimas\u00a0<\/em>or SAs), which are the most chosen vehicle for foreign investments, the company must keep the following corporate books: a stock ledger book<a name=\"_ftnref2\"><\/a><a href=\"https:\/\/cspabogados.com.ar\/en\/doing-business-in-argentina-2\/#_ftn2\"><span>[2]<\/span><\/a>, a book for minutes of the board\u00b4s meetings, a book for minutes of the shareholders\u2019 meetings and a book for the record of the attendance to shareholders\u2019 meeting.<\/p>\n<p style=\"font-weight: 400;\">From the tax point of view, the newly registered company must obtain a tax identification number (<em>Clave \u00danica de Identificaci\u00f3n Tributaria<\/em>\u00a0or CUIT) from the Federal Administration of Public Revenues (<em>Administraci\u00f3n Federal de Ingresos P\u00fablicos<\/em>\u00a0or AFIP) and also a turnover tax identification from the local jurisdictions where the company intends to do business in (any of the provinces and \/ or the Autonomous City of Buenos Aires). In order to hire personnel, the company must also register as an employer with the AFIP and get a special book rubricated by the labor authorities.<\/p>\n<p style=\"font-weight: 400;\">Once incorporated and to keep their good standing, the companies must comply with several filings and obligations before the Public Registry of Commerce. SAs must submit a copy of the fiscal year\u00b4s financial statements approved by the shareholder\u00b4s meeting and pay the yearly official charge set by the agency. They must also file to have the members of the board duly registered every time they are appointed or their tenures renewed and to comply with any other sworn statement the Public Registry of Commerce may establish. Per the company\u00b4s request, the Public Registry of Commerce may issue a certificate attesting the good standing of the company (<em>Certificado de vigencia y pleno cumplimiento<\/em>. General Resolution N\u00ba 12\/2012).<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Mario E. Castro Sammartino<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\"><a name=\"_ftn1\"><\/a><a href=\"https:\/\/cspabogados.com.ar\/en\/doing-business-in-argentina-2\/#_ftnref1\"><span>[1]<\/span><\/a>\u00a0It is common for the companies to face objections related to their corporate purposes. According to article 11, sub \u2013 article 3, of the Commercial Companies Law N\u00ba 19,550, the articles of incorporation is to describe the purpose of the company, which must be precise and defined. When the description of the purpose made by the partners in the articles of incorporations is vague or implies the definition of more than one purpose, the Public Registry of Commerce customarily objects to it.<\/p>\n<p style=\"font-weight: 400;\"><a name=\"_ftn2\"><\/a><a href=\"https:\/\/cspabogados.com.ar\/en\/doing-business-in-argentina-2\/#_ftnref2\"><span>[2]<\/span><\/a>\u00a0This book must contain mentions of the issued shares, their class, rights and obligations attached to each, their original owners and the dates of their successive transfers and new owners<\/p>\n<p style=\"font-weight: 400;\">\n<p>&nbsp;<\/p>\n<p style=\"font-weight: 400;\">For additional information on these or any other issues related to doing business in Argentina, please,\u00a0<a href=\"http:\/\/eepurl.com\/WuawX\" target=\"_blank\" rel=\"noopener\">sign up<\/a>\u00a0for our Legal Blog or\u00a0<a href=\"https:\/\/cspabogados.com.ar\/en\/contact-us-castro-sammartino-pierini\/\">contact us<\/a>\u00a0at any time.\u00a0Our publications exclusively express the\u00a0author\u00b4s opinion and do not purport to be legal counsel on any case. Should\u00a0you need it, you must consult with your trusted lawyer.\u200b<\/p>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; disabled_on=&#8221;off|off|off&#8221; admin_label=&#8221;LEGAL BLOG. 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_module_preset=&#8221;default&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;Source Serif Pro||||||||&#8221; header_text_align=&#8221;center&#8221; header_text_color=&#8221;#1f1f1f&#8221; header_font_size=&#8221;36px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h1>More publications on companies<\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_blog fullwidth=&#8221;off&#8221; posts_number=&#8221;3&#8243; include_categories=&#8221;24&#8243; show_more=&#8221;on&#8221; show_pagination=&#8221;off&#8221; _builder_version=&#8221;4.19.0&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;Source Serif Pro||||||||&#8221; header_font_size=&#8221;22px&#8221; body_font=&#8221;Source Sans Pro||||||||&#8221; body_font_size=&#8221;18px&#8221; meta_font=&#8221;Source Sans Pro||||||||&#8221; meta_font_size=&#8221;16px&#8221; read_more_font=&#8221;Source Sans Pro||||||||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_blog][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;CSP FOOTER. INGLES&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_stops=&#8221;rgba(58,52,226,0.93) 0%|rgba(73,108,220,0.7) 100%&#8221; background_color_gradient_overlays_image=&#8221;on&#8221; background_image=&#8221;https:\/\/cspabogados.com.ar\/wp-content\/uploads\/2020\/05\/business-01.jpg&#8221; background_enable_image=&#8221;off&#8221; parallax=&#8221;on&#8221; custom_padding=&#8221;90px||90px|&#8221; global_module=&#8221;219522&#8243; saved_tabs=&#8221;all&#8221; locked=&#8221;off&#8221; collapsed=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row column_structure=&#8221;1_3,2_3&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#ffffff&#8221; background_position=&#8221;top_left&#8221; custom_padding=&#8221;50px|40px|50px|40px&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text admin_label=&#8221;Contact US Title&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; header_font=&#8221;Source Serif Pro|700|||||||&#8221; header_text_color=&#8221;rgba(58,52,226,0.93)&#8221; header_font_size=&#8221;24px&#8221; custom_padding=&#8221;0px|0px|0px|0px&#8221; animation_style=&#8221;fold&#8221; animation_direction=&#8221;bottom&#8221; animation_intensity_fold=&#8221;20%&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h1>Contact us<\/h1>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Contact US Text&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Source Sans Pro||||||||&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;1.8em&#8221; header_font=&#8221;||||&#8221; header_text_color=&#8221;#1f1f1f&#8221; custom_margin=&#8221;20px||40px|&#8221; custom_padding=&#8221;0px|0px|0px|0px&#8221; animation_style=&#8221;fold&#8221; animation_direction=&#8221;bottom&#8221; animation_intensity_fold=&#8221;20%&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p style=\"text-align: justify;\">It will be a pleasure to meet you personally at our offices, or to take your call.<\/p>\n<p>[\/et_pb_text][et_pb_blurb use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe081;||divi||400&#8243; icon_color=&#8221;rgba(58,52,226,0.93)&#8221; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;28px&#8221; admin_label=&#8221;Address&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; body_font=&#8221;Source Sans Pro||||||||&#8221; body_font_size=&#8221;16px&#8221; custom_margin=&#8221;|||&#8221; animation_style=&#8221;fold&#8221; animation_direction=&#8221;bottom&#8221; animation_intensity_fold=&#8221;20%&#8221; icon_font_size=&#8221;28px&#8221; icon_font_size_last_edited=&#8221;off|desktop&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p>Tte. Gral. Juan Domingo Per\u00f3n 679, 3rd. floor<br \/>C1038AAM &#8211; Buenos Aires<\/p>\n<p>Argentina<\/p>\n<p>[\/et_pb_blurb][et_pb_blurb use_icon=&#8221;on&#8221; font_icon=&#8221;&#xf2a0;||fa||900&#8243; icon_color=&#8221;rgba(58,52,226,0.93)&#8221; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;28px&#8221; image_icon_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; body_font_size=&#8221;16px&#8221; custom_margin=&#8221;|||&#8221; animation_style=&#8221;fold&#8221; animation_direction=&#8221;bottom&#8221; animation_intensity_fold=&#8221;20%&#8221; icon_font_size=&#8221;28px&#8221; icon_font_size_last_edited=&#8221;off|desktop&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p><a href=\"tel:+541143265868\">+54 11 43265868<\/a><br \/><a href=\"tel:+541143265875\">+54 11 43265875<\/a><\/p>\n<p>[\/et_pb_blurb][et_pb_text admin_label=&#8221;Contact US Title&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; header_font=&#8221;Source Serif Pro|700|||||||&#8221; header_text_color=&#8221;rgba(58,52,226,0.93)&#8221; header_font_size=&#8221;24px&#8221; custom_padding=&#8221;0px|0px|0px|0px&#8221; animation_style=&#8221;fold&#8221; animation_direction=&#8221;bottom&#8221; animation_intensity_fold=&#8221;20%&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h1>Follow us<\/h1>\n<p>[\/et_pb_text][et_pb_social_media_follow use_icon_font_size=&#8221;on&#8221; admin_label=&#8221;Facebook&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;center&#8221; custom_margin=&#8221;20px||||false|false&#8221; border_radii=&#8221;on|100%|100%|100%|100%&#8221; link_shape=&#8221;circle&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_social_media_follow_network social_network=&#8221;facebook&#8221; url=&#8221;https:\/\/www.facebook.com\/CastroSammartinoPierini\/&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#3b5998&#8243; custom_margin=&#8221;|10px|||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; follow_button=&#8221;off&#8221; url_new_window=&#8221;on&#8221;]facebook[\/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network=&#8221;twitter&#8221; url=&#8221;https:\/\/twitter.com\/CSPAbogados1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#00aced&#8221; custom_margin=&#8221;|10px|||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; follow_button=&#8221;off&#8221; url_new_window=&#8221;on&#8221;]twitter[\/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network=&#8221;linkedin&#8221; url=&#8221;https:\/\/ar.linkedin.com\/company\/castro-sammartino-&#038;-pierini-abogados&#8212;attorneys-&#038;-counselors-at-law&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#007bb6&#8243; custom_margin=&#8221;|10px|||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; follow_button=&#8221;off&#8221; url_new_window=&#8221;on&#8221;]linkedin[\/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network=&#8221;instagram&#8221; url=&#8221;https:\/\/www.instagram.com\/castrosammartino_pierini\/&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#ea2c59&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; follow_button=&#8221;off&#8221; url_new_window=&#8221;on&#8221;]instagram[\/et_pb_social_media_follow_network][\/et_pb_social_media_follow][et_pb_social_media_follow _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_social_media_follow][\/et_pb_column][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#ffffff&#8221; background_position=&#8221;top_left&#8221; custom_padding=&#8221;50px|40px|50px|40px&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_contact_form email=&#8221;info@cspabogados.com.ar&#8221; title=&#8221;Send us an email&#8221; success_message=&#8221;Thank you very much for your message. We will circle back to you as soon as possible.&#8221; submit_button_text=&#8221;Send&#8221; module_id=&#8221;et_pb_contact_form_1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; form_field_background_color=&#8221;rgba(255,255,255,0)&#8221; title_font=&#8221;Source Serif Pro|700|||||||&#8221; title_text_color=&#8221;rgba(58,52,226,0.93)&#8221; title_font_size=&#8221;24px&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;22px&#8221; button_text_color=&#8221;rgba(58,52,226,0.93)&#8221; button_bg_color=&#8221;#FFFFFF&#8221; button_border_width=&#8221;2px&#8221; button_border_color=&#8221;rgba(58,52,226,0.93)&#8221; button_border_radius=&#8221;0px&#8221; button_letter_spacing=&#8221;2px&#8221; button_font=&#8221;Source Sans Pro|700|||||||&#8221; button_use_icon=&#8221;off&#8221; animation_style=&#8221;fold&#8221; animation_direction=&#8221;bottom&#8221; animation_intensity_fold=&#8221;20%&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;rgba(0,0,0,0.12)&#8221; 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button_two_text_color__hover_enabled=&#8221;off&#8221; button_border_width__hover_enabled=&#8221;off&#8221; button_one_border_width__hover_enabled=&#8221;off&#8221; button_two_border_width__hover_enabled=&#8221;off&#8221; button_border_color__hover_enabled=&#8221;off&#8221; button_one_border_color__hover_enabled=&#8221;off&#8221; button_two_border_color__hover_enabled=&#8221;off&#8221; button_border_radius__hover_enabled=&#8221;off&#8221; button_one_border_radius__hover_enabled=&#8221;off&#8221; button_two_border_radius__hover_enabled=&#8221;off&#8221; button_letter_spacing__hover_enabled=&#8221;off&#8221; button_one_letter_spacing__hover_enabled=&#8221;off&#8221; button_two_letter_spacing__hover_enabled=&#8221;off&#8221; button_bg_color__hover_enabled=&#8221;off&#8221; button_one_bg_color__hover_enabled=&#8221;off&#8221; button_two_bg_color__hover_enabled=&#8221;off&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_contact_field][\/et_pb_contact_form][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For Doing Business in Argentina, the Argentine Commercial Companies Law N\u00ba 19,550 sets forth mostly imperative legal provisions, which by reasons of public order may not be modified by the partners of a company when they organize themselves executing the articles of incorporation or by-laws. Provided these public order regulations are complied with, the Public [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<h4 style=\"text-align: justify;\"><span style=\"color: #ff0000;\">Doing business in Argentina - procedures after registration of a company: Keeping the good standing<\/span><\/h4>\n<p style=\"text-align: justify;\">For Doing Business in Argentina, the Argentine Commercial Companies Law N\u00ba 19,550 sets forth mostly imperative legal provisions, which by reasons of public order may not be modified by the partners of a company when they organize themselves executing the articles of incorporation or by-laws. Provided these public order regulations are complied with, the Public Registry of Commerce registers the company. If the Public Registry of Commerce objects to some content of the article of incorporations or by-laws, the registration is delayed until the partners amend such documents accordingly<a href=\"#_ftn1\" name=\"_ftnref1\">[1]<\/a>.<\/p>\n<p style=\"text-align: justify;\">Once registration is granted, the company may proceed to file to get its relevant tax and social security numbers and mandatory books.<\/p>\n<p style=\"text-align: justify;\">All traders, either individuals or commercial companies, are to keep two commercial books, with special content determined by law: the Daybook and the Stock Book and Balances (Code of Commerce, article 44). The Public Registry of Commerce must rubricate said books.<\/p>\n<p style=\"text-align: justify;\">Commercial companies must also get some corporate books and have them rubricated by the Public Registry of Commerce. Being the case of corporations (<em>Sociedades An\u00f3nimas <\/em>or SAs), which are the most chosen vehicle for foreign investments, the company must keep the following corporate books: a stock ledger book<a href=\"#_ftn2\" name=\"_ftnref2\">[2]<\/a>, a book for minutes of the board\u00b4s meetings, a book for minutes of the shareholders\u2019 meetings and a book for the record of the attendance to shareholders\u2019 meeting.<\/p>\n<p style=\"text-align: justify;\">From the tax point of view, the newly registered company must obtain a tax identification number (<em>Clave \u00danica de Identificaci\u00f3n Tributaria<\/em> or CUIT) from the Federal Administration of Public Revenues (<em>Administraci\u00f3n Federal de Ingresos P\u00fablicos<\/em> or AFIP) and also a turnover tax identification from the local jurisdictions where the company intends to do business in (any of the provinces and \/ or the Autonomous City of Buenos Aires). In order to hire personnel, the company must also register as an employer with the AFIP and get a special book rubricated by the labor authorities.<\/p>\n<p style=\"text-align: justify;\">Once incorporated and to keep their good standing, the companies must comply with several filings and obligations before the Public Registry of Commerce. SAs must submit a copy of the fiscal year\u00b4s financial statements approved by the shareholder\u00b4s meeting and pay the yearly official charge set by the agency. They must also file to have the members of the board duly registered every time they are appointed or their tenures renewed and to comply with any other sworn statement the Public Registry of Commerce may establish. Per the company\u00b4s request, the Public Registry of Commerce may issue a certificate attesting the good standing of the company (<em>Certificado de vigencia y pleno cumplimiento<\/em>. General Resolution N\u00ba 12\/2012).<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref1\" name=\"_ftn1\">[1]<\/a> It is common for the companies to face objections related to their corporate purposes. According to article 11, sub - article 3, of the Commercial Companies Law N\u00ba 19,550, the articles of incorporation is to describe the purpose of the company, which must be precise and defined. When the description of the purpose made by the partners in the articles of incorporations is vague or implies the definition of more than one purpose, the Public Registry of Commerce customarily objects to it.<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref2\" name=\"_ftn2\">[2]<\/a> This book must contain mentions of the issued shares, their class, rights and obligations attached to each, their original owners and the dates of their successive transfers and new owners<\/p>\n<p style=\"text-align: justify;\">If you like this post on Doing Business in Argentina, please share it:<\/p>","_et_gb_content_width":"2880","footnotes":""},"categories":[25,1228,1274],"tags":[53,51,42],"class_list":["post-1656","post","type-post","status-publish","format-standard","hentry","category-companies","category-corporate","category-doing-business","tag-companies-en","tag-corporate","tag-doing-business-in-argentina"],"_links":{"self":[{"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/1656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/comments?post=1656"}],"version-history":[{"count":0,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/1656\/revisions"}],"wp:attachment":[{"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/media?parent=1656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/categories?post=1656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/tags?post=1656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}