Benefits Of Doing Business In Argentina
Argentina has a generally low economic environment but people from other countries still make investments in the county in spite of this making the number of greenfield investments to rise. Argentina also ranks fifth in the foreign direct investment in South America which is another improvement. To get started, click here now!
The government of Argentina has put a new law called the Ley de Emprendedores into existence, the new law allows entrepreneurs to make a formal recording of their entire business online. The process of online business registration which usd to take close to one month now takes less than twenty four hours due to the passing of the new law.The registration process enables an entrepreneur to make a formal recording of a simplified business entity, a bank account and an identification number here. An entrepreneur is also allowed to make a formal recording of a temporary business address.
Argentina has the greatest potential when it comes to recording of money balance electronically on a store-value card or other device.The people of Argentina started using cryptocurrencies early because they lacked trust in the government and in the banks . Currently Argentina takes the lead in digital currencies in Latin America and more businesses have started using bitcoin and other cryptocurrencies in their stores. Read more now.
Argentina has made a strong investment in renewable energy so that it is able to sustain itself.Their main intention is to have renewable energy taking up to twenty percent of their national electric energy consumption and this is planned to happen by 2025. So as to achieve this goal Argentina started auctions for renewable energy so as to attract investors from other countries. Argentina also offers incentives such as early VAT recovery, quicker depreciation, no minimum national income tax, no import duties and relief from other relevant taxes.
Argentina has ensured more involvement in the international market. It has become a member of MERCOSUR which enables it to gain access to the member countries with lower taxes and legal requirements this increases the trading capacity of the country and thereby attracting business with other countries.
Argentina has ensured it grows the young local talent making it a great investment location.The young people are also able to speak English and Spanish and have also attained secondary education therefore they can make it easy for an investor to find local talent to run the business. It is important for one to make a visit to the country in order to learn more about the people and other things such as their culture before deciding to invest there.