When examining a jurisdiction in which to incorporate, the first thing to look at is the legal code. The underlying law in Argentina is civil law law. You will want to get some local advice as to how to best structure a company in Argentina. E-signatures are allowed.
The letters AR is for Argentina and the most common legal entity structure in Argentina is a LLC.
When setting up, budget about 12 weeks to setup a LLC in AR. The types of cash you can use to setup your business is frequently legal tender.
. One is typically not permitted to change the jurisdiction.
There must be at least This means it is not possible for you to own a LLC in Argentina as a sole shareholder. You must have other shareholders, they can be nominees or de facto shareholders. Corporate Shareholders are encouraged, which means you can have a corporate shareholder. Foreign ownership is allowed, up to 100% of the total shareholding.
There is a requirement to have at least 2 directors. Consequently, corporate directors are permitted. Directors should not expect to be private, as they are disclosed. There is a requirement to have annual meetings of shareholders.
A registered office is a requirement, whom the company will pay yearly, for a legal services company which can receive any official legal correspondance on behalf of the company. A related requirement, a corporate secretary is not a requirement.
There is an obligation to file yearly tax returns. On that note, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Argentina Civil Law is ARS 2,500.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Argentina, CNV. Shareholders are disclosed in the CNV.
Typically companies take 12 weeks to setup and there are 2 director(s) required and 2 shareholder(s) required at the time of incorporation.
Overall we think Argentina is a ok option and have given it a score of 61 as an IO score, using the Incorporations.IO proprietary formula.
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