When incorporating a business in a new country, it's important to come to grips with local business law and ensure your company remains fully compliant, from the first day of launch right through to your growth and expansion. If you're unaware of legislation and don't stay on top of your obligations as a business, then you run the risk of being penalized or reprimanded down the line by local authorities. This can have ongoing negative consequences for you and your commercial success in the new market.
Business law in Argentina may be very different from the commercial regulations in your own country. Argentina's government is working to provide employment reassurance for its citizens, reduce corruption in the country, and create a business environment that's fair, competitive and safe for all. However, you still need guidance from a local legal expert to ensure you are meeting all local compliance requirements.
Whether launching a new business in Argentina or a local sales branch of a multinational company, you must get authorization from the Central Bank for the repatriation of all profits. This is critical - even more so if you have a foreign director or shareholder - in order to deliver profits and assets to the right people without falling foul of the law.
Below, we offer an introduction to corporate legal compliance in Argentina and share with you some of the ways you can protect your firm from negligence or non-compliance.
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