Argentina- Tag Archives - Business News and Updates


Find the latest Legal updates and changes, industry reviews, regulatory updates, expert legal and accounting advice, Q&A with experts, and much more content.

Overview: Argentina, Uruguay and Paraguay Trade Relations

Overview: Argentina, Uruguay and Paraguay Trade Relations

Companies seeking to expand to Latin America should consider the commercial opportunities generated by trade agreements between Argentina, Uruguay and Paraguay. As Latin American countries promote regional relationships to support each other, growth and free trade agreements offer new opportunities for business owners seeking to access important benefits and new markets abroad. As one of the largest economies in Latin America, Argentina draws focus for foreign expanding companies. Expanding multinationals should pay attention to the close relationship Argentina maintains with neighboring countries, especially as these countries work to reduce bureaucratic barriers to doing business – such as the introduction of a new legal entity structure in Uruguay. We provide a comprehensive overview of the trade agreements between Argentina, Paraguay and Uruguay. We also share some of the opportunities available to executives considering entering these markets. Argentina-Uruguay-Paraguay trade relations and agreements The economic relations between Argentina, Uruguay and Paraguay are comprehensive. Several different trade agreements in force between these nations reflect the efforts of their governments to maintain and strengthen trade ties. Several different trade agreements in force between these nations reflect the efforts of their governments to maintain and strengthen trade ties. However, in addition to strengthening relations with neighboring countries, each country has worked to diversify its trade profile not only within the region, but outside it with important trade partners...

New Road Map Aims to Support Argentine Economy

New Road Map Aims to Support Argentine Economy

A new economic ‘road map’ aims to support Argentina’s economic situation. On 22 February 2020, the director of the International Monetary Fund (IMF), Kristalina Georgieva, and Argentina's Minister of Economic Affairs Martín Guzmán agreed to renegotiate the South American country's debt agreement during the G20 summit in Saudi Arabia.This article outlines Argentina’s perspective on escaping its financial challenges with the establishment of a new economic road map. Argentina and IMF agree on new economic road map Both Argentina and the IMF are willing to cooperate in order to find a solution to the Argentine debt crisis, which the IMF considers to be "unsustainable" at current credit conditions. The debt is to be reduced to a level that is compatible with "manageable" financing and a "satisfactory" level of growth.  Private creditors were asked for "significant" debt cuts - a great relief for the current government of Alberto Fernández. The IMF didn't request budget cuts, which, according to Guzman, were not anticipated from the government until the elections in year 2023.The renegotiation includes a re-examination of the balance sheets of the Argentine economy, as provided for in Article IV of the IMF's founding agreement. This includes an analysis of the exchange rate policy against which the former presidents Néstor and Cristina Kirchner (2007-2015) resisted, and which was only carried out again under the mandate of the neoliberal government under Mauricio Macri.  Argentina’s economic challenges Argentina's debt to the IMF is currently around US$44 billion, of...

Opportunities for Businesses: Fintech in Argentina

Opportunities for Businesses: Fintech in Argentina

When expanding your fintech company abroad, foreign executives should consider the developing ecosystem for fintech in Argentina.  Financial technology, better known as fintech, competes with traditional financial methods by using technology and innovation to change the way financial services are delivered. Swelling middle classes are demanding more from producers and exporters. Buying and using phones to engage with the commercial landscape. As a result, technological innovation is sweeping through previously neglected industries in Latin America. In particular, fintech is developing rapidly to keep up with a momentous shift in the region towards online financial interaction. Fintech startup activity in Argentina rises as the country adopts new financial services innovations. Argentina has over 110 new fintech startups that position the country as a hub for financial technology creativity. This results in valuable opportunities for entrepreneurship in this fast-growing sector. Learn how this vibrant startup culture in Argentina generates opportunities in the fintech market for your business. Fintech in Argentina: breakdown of the sector 'Payments and remittances' is the biggest fintech segment in Argentina, accounting for 28% of the total startup activity. The characteristics of the digitization process of financial service digitization are mainly:  that financial services can best contain simplified and accessed for users via the internet,an increase in the processing speed of automated procedures, cost reduction, a stronger focus on customer...

10 Steps to Start a Business in Argentina

10 Steps to Start a Business in Argentina

Argentina is one of the largest economies in Latin America with a GDP of US$518.4 billion in 2018. Acknowledging the current complexity of its legal system, the government is working to reduce bureaucratic processes for those wishing to start a business in Argentina. According to the World Bank Group, Argentina’s efforts to streamline its institutional functions through adopting digital processes has reduced wait times for activities such as obtaining import and export licenses. With a growing middle class and highly educated citizens, Argentina is considered one of the important investment destinations in the region for entrepreneurs. Those interested in operating commercially in the country must first understand the legal steps involved to start a business in Argentina. Start a business in Argentina The process to start a business in Argentina will depend on the type of entity or legal structure you choose to use. In general terms, the steps that we will mention below are the most common in the business creation process. However, it should be taken into account that for some entities additional information or procedures will be necessary. 1. Define the legal structure of your company Before starting your business in Argentina, it is necessary to be clear about the type and business plan that you want to carry out. This will help you decide which legal entity in Argentina will give you the right governance structure. The Argentine Companies Law offers for several different types of legal entities for entrepreneurs to start a business with, each with particular...

Increased US Investment in Latin America Technology Hubs

Increased US Investment in Latin America Technology Hubs

US investment in Latin America by large technology companies is increasing. In 2007, Google opened its Latin American headquarters in Argentina. 13 years later, the company has a renewable energy-powered data center in Chile and will be expanding with another data center in Uruguay. Google is not the only US tech giant investing in Latin America. Other tech multinationals such as Amazon and fintech giant startup Stripe have made great investments in order to provide better services and have access to the vibrant fintech scene in the region. We touch upon large-scale US investments in Latin America’s technology scene, and why they are important for developing the region’s tech capability. US Investment in Latin America: Data Centers Google Google will be opening its third Latin American data center in Uruguay, the date of construction and amount of investment is yet to be released. Google’s first data center in Latin America was opened in Chile in 2013. Furthermore, in 2018, it was made public that the company would be investing US$140 million more to expand this facility located in Quilicura, Santiago. Now, the company is looking to open another Latin America data center in Uruguay. It will be located in a free-trade zone, within Uruguay’s science park and will have a focus on storage and server management.  Amazon Google’s main competitor in cloud services, Amazon, will be building a US$800 million data center near White Bay in Argentina. This facility will be located in a free-trade zone and will help provide low latency for platforms in the region and locally....

The Future of Legal Tech Business in Argentina

The Future of Legal Tech Business in Argentina

Argentina is one of Latin America’s largest economies, and shows promise for foreign businesses into the future despite a tumultuous year. The realm of technology and innovation is forging new commercial opportunities for entrepreneurs and expanding multinationals, including in legal tech business in Argentina. Technological enhancement of longstanding, traditional legal services opens the sector up to a larger proportion of Argentina’s population, improves services offered by law firms and overall customer experience. We explore the opportunities for foreign companies looking to set up a business in Argentina in the legal tech space. Plus, we explain how Biz Latin Hub is jumping on the bandwagon with our own legal technology innovations. Tech business in Argentina and Latin America The realm of technology and innovation is forging new commercial opportunities for entrepreneurs and expanding multinationals, including in legal tech business in Argentina. Latin America is undergoing a widespread technological revolution that affects many of their staple sectors, such as agriculture and agribusiness, banking, and retail. The region has shown signs of development in fintech, agritech, and e-commerce capability, including introducing new laws offering a framework for businesses and consumers alike to engage with these innovative industries safely and securely. It seems that next in line for a technological makeover - for those larger economies in Latin America, at least - is the legal sector. Emerging legal tech businesses in Argentina that show promising signs of growth and...

How to Register a Cargo Airline in Argentina

How to Register a Cargo Airline in Argentina

A cargo airline in Argentina can be a good investment opportunity to meet local exporters’ needs for transportation. Although Argentina is in the midst of economic uncertainty, it is one of the largest economies in South America with a GDP of US$518.4 billion in 2018, and a population of 44.27 million.  Despite the current uncertainty in Argentina, booming industries have seen a rise in exports. In 2018, overall exports grew 5%, and in 2019, vine exports grew 11%  in the first nine months. Future prospects for Argentina also predict an increase of the air transport market in the future. Due to an increase in exports for niche industries and the future increase in the air transport market in Argentina, there are opportunities for investment in providing cargo airline services. Regulations governing air freight and cargo airlines in Argentina The National Civil Aviation Administration, ANAC  (Administración Nacional de Administración Civil) is in charge of issuing airline licenses and regulates most aspects related to aviation in Argentina. Aviation governance in Argentina includes laws, decrees, international agreements, regulations, and other specifications.  Convention on Civil Aviation of Chicago (1944) Accession by Decree 15,110 / 1946, ratified by Law 13,891 / 1949 Argentine Aeronautical Code (Law 17,285) National Politic of Aerocomercial Transport (Law 19.030)  Deregulation of Cargo Air Transport Decree (1,492) Grant of Airports and creation of ORSNA (decree 375) Reestatization of Argentine Airlines (Laws 26,412 and 26,466)  In addition, since bilateral agreements...

Pin It on Pinterest