If you are looking to launch in the Argentinian market, or are already active there, you will need the support of a good corporate lawyer in Argentina.
Because your attorney will have significant influence over your company, helping to guarantee compliance with local regulations, while potentially acting as the face of your organization, should they have to represent you before local authorities.
For anyone who is looking for a more comprehensive package of support, seeking legal counsel from a company that offers a broader range of back-office services — including the likes of recruitment assistance and corporate accounting in Argentina — can be a good option, because it allows you to cover all of your needs with one service agreement and not have to deal separately with an accountant, recruiter, and lawyer in Argentina.
Argentina is the third-largest economy in Latin America by gross domestic product (GDP), which in 2020 was registered at $383.07 billion (all figures in USD). That represented a notable decline on the previous year, owing in part to the turmoil caused by global COVID-19 pandemic.
Nevertheless, the most recent forecast from the World Bank suggests that GDP growth in Argentina will be registered at 7.5% in 2021 — almost recovering the decline seen the previous year.
Current GDP gives Argentina a gross national income (GNI) of $8,930 per capita. GNI is a key marker of prosperity and, while it has declined along with recent GDP decline, that figure places Argentina as an upper-middle income nation by international standards.
Argentina is known for having a well-established middle class and highly-educated workforce, including the highest level of English proficiency in the region. The country has a large financial and professional services sector, and the services sector as a whole contributes contributes almost 55% of GDP.
Argentina also has a large manufacturing base, with industry contributing 22.5% of GDP, and the country is known as a major center for automobile manufacturing. While it’s agricultural sector contributes less than 7% of GDP, key exports include cereals, meats, and fats and oils.
As a founding member of the Southern Common Market (Mercosur) — a 30-year-old economic integration initiative that also includes Brazil, Paraguay, and Uruguay — Argentina offers resident businesses preferential access to those neighbors, as well as a range of key economies around the world.
If you are planning to expand your business into the country, read on to understand more about how your lawyer in Argentina will be able to support you, as well as some of the things to look out for when choosing a good attorney.
Or contact us now to find out more about how we can support you with corporate legal counsel in Argentina, as well as a wide range of other professional support services.
How can your lawyer in Argentina help?
While an important part of the role of your corporate lawyer in Argentina will be to provide you with ongoing advice regarding situations as they arise, your attorney will also be able to assist you in a number of particular ways, including:
Key market launch decisions: Your legal counsel in Argentina will be able to offer you advice on key decisions related to your market launch, including what type of legal structure best suits your needs, as well as advice related to location and local providers to work with.
Legal and commercial representation: Operating in Argentina, you will need an experienced corporate attorney to represent you before local authorities and sign important documents as required.
Immigration and visa support: Your lawyer in Argentina is likely to be the person leading the process of applying for visas and residence permits, and as such you should choose a provider with experience of the administrative system and processes involved.
Efficient intellectual property protection: Protecting your intellectual property via trademark registration is critical to maintaining your competitive edge in the market and your attorney in Argentina should have experience and knowledge of the process.
Ongoing administration and compliance: Your lawyer in Argentina will play a vital role in your administration — drawing up and checking over legal documentation — as well as playing a leading part in guaranteeing your compliance with norms and regulations.
Considerations when choosing an attorney in Argentina
When investigating potential candidates to be your corporate attorney in Argentina, it is worth having the following in mind:
- Relevant experience: Ideally you will be able to find a lawyer in Argentina with experience of working with foreign investors, and especially of working in the sector in which you operate.
- Legislative awareness: Corporate laws are subject to frequent change, so you will need to hire an attorney in Argentina who keeps abreast of legislative developments and can anticipate how upcoming modifications will affect your operations.
- Specialist knowledge: If you are working in a sector governed by specific laws — such as the extractive industries or international trade — you will need legal counsel in Argentina with knowledge and experience of the relevant legislation.
- Information management: If you are not going to be based in Argentina, it is particularly important to select a lawyer who is proficient in the use of online information management systems, through which you will be able to monitor their work.
- Professional reputation: You will ideally want to choose an attorney in Argentina who has a good reputation and strong track record, and you will be able to understand more about their reputation by checking online comments and feedback.
Biz Latin Hub can be your corporate legal counsel in Argentina
At Biz Latin Hub, our multilingual team of corporate support professionals is on hand to provide you with the assistance you need to bolster your chances of success in the Argentinian market.
We provide corporate legal services to investors and corporations throughout Latin America and the Caribbean, meaning that we can provide you with a lawyer in Argentina to support you in every aspect of doing business in the country.
We have teams in place in 16 markets around Latin America and the Caribbean, and trusted partners in others, meaning that we can help you in almost every corner of the region, and we specialize in multi-jurisdiction market entry.
Contact us today to find out more about how we can support you.
Or read about our team and expert authors.