Expanding Globally?

The cost of starting a business in Argentina: Registration fee is 5% of the estimated income of the business during its first year of operation. The fee is not paid in subsequent years.

These registration fee is below of the line with the OECD average.

Once interest gathers all information needed, the procedure to legally build a commercial facility (warehouse, offices, etc.) is 17 steps. Average completion time is 318 days.

The procedure itself is similar to other countries, while completion time is slow.

Money invested during the process is equivalent to 3.1% of the commercial real estate value. This is an low-cost process compared to other countries.

The process to get electricity connection is 6 steps and 92 days of time spent. In comparison to other countries is a time-consuming method.

Money invest through procedure is 15.5% of income per capita. In a monthly bill for commercial warehouse the tariff is $0,11 USD cents per kilowatt-hour. Which means the procedure is average cost but the tariff is expensive in comparison to other countries.

In comparison to other countries Argentina has a low-step but time-consuming procedure for property registration. They are 7 steps that can be done in 51.5 days.

The invest needed in this procedure is 6.6% of the property value. Value added tax and capital gain tax are excluded. Argentina is above the average cost for this operation.

Rights that manage lender-borrowers confidence and protection of secured creditors laws are not-so-good in Argentina. This laws are in favor of borrowers.

Rules affecting the reach of accessible information and its quality are measured through the Depth Credit Information index, from 0 to 8; 8 being the best one.

Argentina´s rate is 8, hence this information is reachable and above the average.

The new company in Argentina must pay 9 contributions per year.

Time invested in collecting information, computing tax payable, separating tax accounting books, completing tax return, filling with agencies, arranging payment or withholding throughout the year is 312 hours.

This is a lot of spent time compared to other regions in the world.

Time and cost to obtain, prepare and submit documents compliance to export in Argentina is 25 hours and $ 60 USD. These is on line with the OECD average.

Time and cost to obtain, prepare and submit documents to import in Argentina is 166 hours and $120 USD.  This process is more expensive and time-consuming than in other countries.

Time and cost to customs clearance and inspection for export products is 21 hours and $150 USD. This is above average in compare to other countries.

Time and cost to customs clearance and inspection for import products is 60 hours and $1200 USD. Argentina is in the average time with a really high cost compared to other countries.

In many situations a company bankruptcy will continue operating until unable to do so or business assets are sold. In Argentina there is a tendency for companies to continue operating after filing for bankruptcy.

A standard workday is 8 hours a day 5.5 days a week. Overtime is paid as +50% of hourly pay and there are no restrictions working at night or weekend. If the employee works on its  weekly rest day, this must be paid as +100% of hourly pay.

Vacations are awarded based on seniority

• 12 paid leave days after 1 year worked
• 18 paid leave days after 5 years worked
• 24 paid leave days after 10 years worked

Termination in Argentina

Once the employment contract has begun, neither party can dissolve it without prior notice.

If the contract has been valid for a year or more and the employer terminates without a just cause, the worker must be paid a compensation for the years of service.