{"id":224045,"date":"2024-03-03T10:06:16","date_gmt":"2024-03-03T13:06:16","guid":{"rendered":"https:\/\/cspabogados.com.ar\/?p=224045"},"modified":"2024-03-03T10:08:01","modified_gmt":"2024-03-03T13:08:01","slug":"guarantee-of-representatives-of-foreign-companies","status":"publish","type":"post","link":"https:\/\/cspabogados.com.ar\/en\/guarantee-of-representatives-of-foreign-companies\/","title":{"rendered":"Guarantee of representatives of foreign companies in Argentina: changes by the IGJ"},"content":{"rendered":"

[et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”4.24.2″ _module_preset=”default” background_image=”https:\/\/cspabogados.com.ar\/wp-content\/uploads\/2024\/03\/iStock-1330751434.-empresario-firmando-contrato-en-la-oficina.1080×720.jpg” locked=”off” global_colors_info=”{}”][et_pb_fullwidth_post_title date_format=”j M Y” comments=”off” featured_image=”off” admin_label=”CSP. HEADER POSTS INGLES EMPRESAS” _builder_version=”4.19.0″ _module_preset=”default” title_font=”Source Serif Pro||||||||” title_text_color=”#FFFFFF” title_font_size=”36px” meta_font=”Source Sans Pro||||||||” meta_text_color=”#FFFFFF” background_enable_color=”off” use_background_color_gradient=”on” background_color_gradient_stops=”rgba(18,17,93,0.5) 0%|rgba(18,17,93,0.5) 100%” background_color_gradient_overlays_image=”on” background_enable_image=”off” background_position=”top_center” custom_margin=”|||0px|false|false” custom_padding=”300px||50px||false|false” animation_style=”fade” global_module=”221777″ saved_tabs=”all” global_colors_info=”{}”][\/et_pb_fullwidth_post_title][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_stops=”#f0f3fb 0%|rgba(255,255,255,0) 50%” background_color_gradient_overlays_image=”on” background_enable_image=”off” background_size=”contain” background_position=”top_center” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_color=”#FFFFFF” width=”95%” max_width=”950px” custom_padding=”5%|5%|5%|5%|true|true” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”CSP LEGAL BLOG. BODY” _builder_version=”4.24.2″ _module_preset=”default” text_font=”Source Sans Pro||||||||” text_text_color=”#292929″ text_font_size=”20px” text_line_height=”30px” header_font=”Source Serif Pro||||||||” header_text_color=”#292929″ header_2_font=”Source Serif Pro||||||||” header_2_text_color=”#292929″ header_3_font=”Source Serif Pro||||||||” header_3_text_color=”#292929″ width=”795″ global_module=”219558″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\n

The regime of the guarantee of representatives of foreign companies in Argentina has changed in the rules of the General Inspectorate of Justice (hereinafter, IGJ).<\/span><\/p>\n

The IGJ has issued its General Resolution N\u00b0 5\/2024, published on February 23, 2024 (hereinafter, the Resolution), in the National Official Gazette, effective as of the following day. <\/span><\/p>\n

Until the Resolution came into force, representatives of foreign companies registered with the IGJ had to provide a certain guarantee in all cases. After the Resolution the regime of the guarantee of representatives of foreign companies in Argentina is the following:<\/span><\/p>\n

1) Guarantee of representatives of foreign companies registered to only be partners or shareholders of domestic companies<\/strong><\/span><\/h2>\n

The involvement of these representatives is narrow, just limiting themselves to file for incorporating the foreign companies in Argentina, and representing the foreign partners or shareholders at the domestic companies\u00b4 shareholders or partners meetings.<\/span><\/p>\n

The obligation to provide a guarantee has been repealed. <\/span><\/p>\n

2) Guarantee of representatives of foreign companies registered as a branch<\/strong><\/span><\/h2>\n

These representatives bear the responsibility of conducting the branch\u00b4s operation in Argentina.<\/span><\/p>\n

The obligation to set up a guarantee stands, although the amount of the guarantee for each representative has changed: <\/span>it must equal 60% of the minimum share capital established for corporations incorporated in Argentina, as it was in effect on the date the documents instructing the guarantee were submitted, or 60% of the capital allocated to the branch, if applicable. In any case, the guarantee’s amount cannot ever be less than AR$ 300,000 or more than AR$ 1,000,000.<\/p>\n

The Resolution is in line with the new regulatory framework that the IGJ wants for companies in Argentina: less government interference in corporate business and more freedom for companies to self-regulate and do business.<\/p>\n

For the new allowed multipurpose corporate object, please, see the following post on our Legal Blog: https:\/\/cspabogados.com.ar\/en\/multiple-corporate-purposes-in-argentina\/<\/a>.<\/p>\n

\n

Mario E. Castro Sammartino<\/p>\n

 <\/p>\n

For additional information on these or any other issues related to doing business in Argentina, please,\u00a0sign up<\/a>\u00a0for our Legal Blog or\u00a0contact 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>\n

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We will circle back to you as soon as possible.” submit_button_text=”Send” module_id=”et_pb_contact_form_1″ _builder_version=”4.18.0″ _module_preset=”default” form_field_background_color=”rgba(255,255,255,0)” title_font=”Source Serif Pro|700|||||||” title_text_color=”rgba(58,52,226,0.93)” title_font_size=”24px” custom_button=”on” button_text_size=”22px” button_text_color=”rgba(58,52,226,0.93)” button_bg_color=”#FFFFFF” button_border_width=”2px” button_border_color=”rgba(58,52,226,0.93)” button_border_radius=”0px” button_letter_spacing=”2px” button_font=”Source Sans Pro|700|||||||” button_use_icon=”off” animation_style=”fold” animation_direction=”bottom” animation_intensity_fold=”20%” border_width_all=”1px” border_color_all=”rgba(0,0,0,0.12)” border_style_all=”solid” use_border_color=”on” border_color=”rgba(0,0,0,0.12)” form_background_color=”rgba(255,255,255,0)” global_colors_info=”{}” button_text_color__hover_enabled=”on|hover” button_text_color__hover=”#FFFFFF” button_bg_color__hover_enabled=”on|hover” button_bg_color__hover=”rgba(58,52,226,0.93)” button_bg_enable_color__hover=”on”][et_pb_contact_field field_id=”Name” field_title=”Name” fullwidth_field=”on” _builder_version=”4.18.0″ _module_preset=”default” form_field_text_color=”#000000″ global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_contact_field][et_pb_contact_field field_id=”Email” field_title=”Email” field_type=”email” fullwidth_field=”on” _builder_version=”4.18.0″ _module_preset=”default” form_field_text_color=”#000000″ global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_contact_field][et_pb_contact_field field_id=”Message” field_title=”Message” field_type=”text” fullwidth_field=”on” _builder_version=”4.18.0″ _module_preset=”default” form_field_text_color=”#000000″ global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_contact_field][\/et_pb_contact_form][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

The regime of the guarantee of representatives of foreign companies in Argentina has changed in the rules of the General Inspectorate of Justice.
\nThe IGJ has issued its General Resolution N\u00b0 5\/2024, published on February 23, 2024, in the National Official Gazette, effective as of the following day. <\/p>\n","protected":false},"author":5,"featured_media":224034,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"2880","footnotes":""},"categories":[25,1228,1274],"tags":[],"class_list":["post-224045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","category-corporate","category-doing-business"],"_links":{"self":[{"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/224045","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=224045"}],"version-history":[{"count":8,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/224045\/revisions"}],"predecessor-version":[{"id":224055,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/224045\/revisions\/224055"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/media\/224034"}],"wp:attachment":[{"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/media?parent=224045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/categories?post=224045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cspabogados.com.ar\/en\/wp-json\/wp\/v2\/tags?post=224045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}