Argentina- Tag Archives - Business News and Updates


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Manage Your Business Risks with Due Diligence in Argentina

Manage Your Business Risks with Due Diligence in Argentina

Going through a process of due diligence in Argentina is the best way to identify and reduce the risks of expanding your business. It can enhance the growth of your company, encouraging trust and credibility within joint venture partners and distributors. Find out how due diligence can guarantee your business’s success through multiples services in the areas of investigation, hiring staff, corporate intelligence, risk management, and IT security.  What is due diligence? Due diligence evaluates the risks and opportunities of the potential business to be acquired or invested. Due diligence is an audit of a company carried out by an external consultant to identify risks in the seller's business. In other words, it consists of a process of research, compilation and analysis of information, which as a result generates a report with recommendations on the risks and opportunities of the potential business. Professional due diligence also provides you with accurate conclusions on the state of the company's patrimonial, financial, legal, labour, and fiscal situation. In some cases, it can also provide a quantification of potential risks and contingencies. How to start a due diligence process on the right foot? To start a due diligence process in Argentina, it is essential to guarantee the flow of information to reduce risks. The goal is to make the final report as transparent and clear as possible, which is difficult if internal or external information is not available in advance. In order to manage your business risks you may need to answer questions like: What is the security...

Explaining Developments in Digital Tax in Latin America

Explaining Developments in Digital Tax in Latin America

Economies in Latin America are changing rapidly. One important regulatory development for many countries in the region is digital tax, because it captures services delivered online or electronically. The OECD claims that Latin American economies are making real progress to address the tax challenges arising from the digitization of the economy. This international entity also expects that further digital tax developments in Latin America provides stability and certainty in the international tax system.  Managing your company while keeping a careful watch over new regulations is one of the challenges to overcome while doing business in Latin America.  We provide an explanation of digital tax developments in several emerging and developing economies in Latin America, so your business understands its obligations when offering digital services in these markets. Digital tax developments in Argentina  Latin American countries are adapting to a new digital age with the establishment of digital services taxes across the region. The Argentine government levied taxes for digital services under law 27,430 and on a general basis. This regulation includes services carried out through the Internet network or any adaptation or applications, platforms or technology used by the Internet or other networks through which equivalent services are provided. By their nature, these services are basically automated and require minimal human intervention, regardless of the device used for its download, display or use. The regulation of digital services in Argentina has been in place since 27...

What is the Nature of Canada-Latin America Relations?

What is the Nature of Canada-Latin America Relations?

Canadian companies looking to expanding their businesses should consider the opportunities available to them through strengthening Canada-Latin America relations. This means they ought to think about the commercial and bilateral trade and opportunities and agreements granted by the developing relationships between Canada and key Latin American markets. Canada-Latin America trade relations have been interlocked for many years and continue to promote and support each other in economic, social and political endeavours. Free Trade Agreements (FTAs) have allowed the globalized north and south to strengthen their access to each other’s markets abroad and important benefits. BizLatin Hub provides an extensive comprehension of commercial and trade relations between Canada and Latin America. Continue reading to understand further about how BizLatin Hub can help your business expand into Canada or Latin America. The core of Canada-Latin America trade and commercial relations  NAFTA has enabled Canada to sign trade agreements with nations in the region. The foundations for trade and commercial relations between Canada and Latin America were laid down for hundreds of years. However, these relations intensified when the North America Free Trade Agreement was signed in 1992 and then later came into force in 1994. The North American Free Trade Agreement (NAFTA) links Canada’s economy to the rest of the Americas like never before.  NAFTA is defined as a free-trade region between the United States, Latin America, and Canada. The establishment of NAFTA has enabled Canada to sign trade...

Latest Developments in MERCOSUR Trade Deals and Negotiations

Latest Developments in MERCOSUR Trade Deals and Negotiations

The Southern Common Market (MERCOSUR) brings new trade deals and negotiations to its participating countries Argentina, Brazil, Paraguay, and Uruguay. Its goal is to generate business and investment opportunities. It has driven agreements with other countries, and the so-called Associated States, which lead to meetings and activities between those South American countries. on top of that, MERCOSUR has also brought commercial and political partnerships with countries all over the world. We point out the trade deals and negotiations that MERCOSUR member countries have set and how buinesses in MERCOSUR member countries can benefit from them.  Formal trade agreements between MERCOSUR countries Argentina-Paraguay deal supports automotive sectors In October 2019, the governments of Paraguay and Argentina signed a bilateral free trade agreement for the automotive sector, which provides for the tariff reduction for all cars that Argentina exports to Paraguay. Trade brings in new automotive products produced in the territory of both countries benefit from a 100% preference, with the exception of passenger cars and cars designed for the transport of people, to which a reduction schedule will be applied annually and automatically as follows:  The Ministries of Finance for Argentina and Paraguay signed a Memorandum of Understanding on bilateral cooperation in fiscal, economic, and integration policies to favor the creation of joint work mechanisms. 2019: 25% 2020: 50%2021: 75% 2022: 100%. The total market for new cars sold per year in Paraguay is 40,000 units....

How to Hire Staff in Argentina Without a Local Entity

How to Hire Staff in Argentina Without a Local Entity

If you want to hire staff in Argentina but do not have a local legal entity, a Professional Employer Organization is the best alternative to support your expansion. Argentina is the eighth-largest country in the world with a highly productive economy, liberal trade policies, abundant energy resources and a wide range of industrial sectors. Several policies and agreements have been created to stimulate foreign investment and business activity, which added to the many reasons to do business in Argentina. Recruitment opportunities are increasingly attractive to foreign companies: the population is highly educated, with a literacy rate of 98%. Many citizens are bilingual, and student enrolment is growing each year. Before establishing a local business or branch in Argentina, many companies like to "test" the local market. A Professional Employer Organization (PEO) solution is an excellent way to do this as it allows companies to hire staff in Argentina without a local legal entity. Hire staff in Argentina through a Professional Employer Organization (PEO) A PEO simplifies the process of hiring staff in Argentina, especially if you do not have a local entity in Argentina. A Professional Employer Organization (PEO), also known as a 'Registered Employer' or 'Employer of Record', is an organization that provides and supports companies with their human resources functions, from the early stages of recruitment to the payment of taxes and benefits. PEOs undertake the fundamental and time-consuming tasks of human resources teams, allowing companies to focus on the growth and success...

Incentives for Business Between Paraguay and Argentina

Incentives for Business Between Paraguay and Argentina

Like many other Latin American countries, business between Paraguay and Argentina is built upon a foundation of trade agreements and treaties to strengthen economies and regional integration, and provide new investment opportunities to those interested in entering these markets. Paraguay and Argentina have a historically fruitful bilateral relationship with a common goal: bilateral cooperation and the exchange of products and human resources. Paraguay with an emerging economy and a stable political environment has been becoming an attractive economy for investors. Argentina, considered as one of the most important economies in Latin America, constitutes an attractive focus to invest for both local and foreign companies. We outline a general summary of some of the most important trade agreements and agreements between Paraguay and Argentina in order to highlight the commercial opportunities offered by the two countries in the region. Agreements promoting business between Paraguay and Argentina The Yacyreta treaty responded to the world oil crisis by encouraging Paraguay and Argentina to seek a solution for energy supply. Yacyreta Treaty The Yacyreta treaty, signed in 1973, responded to the world oil crisis by encouraging Paraguay and Argentina to seek a mutually beneficial solution for energy supply. The objective of the treaty is to manage “The hydroelectric use of the Paraná River, the improvement of navigable conditions and the mitigation of the environmental effects generated by the Project”. As a result of this agreement, the Yacyreta Bilateral Entity was created....

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