Benefits Of Doing Business In Argentina
The general economic environment in Argentina is quite low but people from other countries still make investments in the country in spite of this causing a rise in the number of greenfield investments. Argentina also ranks fifth in the foreign direct investment in South America which is another improvement.
A new law called the Ley de Emprendedores has been put into existence by the government of Argentina, tis law allows the entrepreneurs to make a formal recording of their business online. Previously the process of online registration of businesses took close to one month but due to these new law the process now takes less than twenty four hours. The registration process enables an entrepreneur to register a simplified business entity, a bank account and an identification number. An entrepreneur is also allowed to register a temporary business address.
Argentina has the greatest currently unrealized ability when it comes to digital currencies. The citizens of Argentina began the use of cryptocurrencies long ago as they had no 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.
A strong investment in energy that can be renewed has been made by Argentina so as to become more sustainable.Having the national electric energy consumption consisting of up to twenty percent renewable energy is the main aim of the strong investment in renewable energy and they plan to achieve this by 2025. In order to achieve this goal Argentina started auctions for renewable energy which is aimed at attracting 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 that it gets involved in the international market. Becoming a member of MERCOSUR enables the country to have access to the member countries with lower taxes and legal requirements therefore increasing the trading capacity of the country which attracts business with other countries.
The fact that Argentina has grown its young local talent makes 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. Making a visit to the county before deciding to have an investment there is advisable as you are able to learn more about the people and other things such as their culture.
Attributed by: see this site