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Advantages Of Doing Business In Argentina

Despite the generally low economic environment in Argentina, people from other countries still make investments in the country causing an improvement in the number of greenfield investments. Argentina also ranks fifth in the foreign direct investment in South America which is another improvement.

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. A temporary business address can also be registered by the entrepreneur.

Argentina has the greatest currently unrealized ability when it comes to recording of money balance electronically on a stored-value card or other device. The use of cryptocurrencies now by the people of Argentina began long ago because the people 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.

Argentina has made a strong investment in renewable energy so that it is able to sustain itself.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 attain this goal Argentina started auctions for renewable energy so as to attract investors from other countries. It also offers rewards such as early VAT recovery, quicker deprecation, 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.It has become a member of MERCOSUR which enables it to gain access to member countries with lower taxes and legal requirements, this ensures that the country increases its trading capacity and making it attract business with other countries.

Argentina has grown its young talent, there are so many young educated people which 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. 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.