Argentina’s Tax Reform: This Is What You Need to Know

On November 13, 2017 we reported on the imminent passage of tax reform legislation (see “Argentine Tax Bill: A Step toward Structural Reform” 1). At the end of the year and amidst rioting in the streets over pension reform, congress—acting pursuant to an extraordinary session—pushed through two laws2 (collectively, the “Tax Reform Law”) modifying the most significant federal taxes levied in Argentina. In a nutshell, the reforms advance the Macri Administration’s efforts to encourage investment,…

Argentina Buenos Aires Expo 2023 Host

Expo 2023 Argentina Buenos Aires focuses on creative industries as a synthesis articulating science, art, and technology, to make profits, build up employment, boost minds, share outcomes, improve life quality, and generate sustainable growth. The convergence between contents, networks, distribution platforms, and technological applications as well as meeting with creative-based industries and activities are the backbone of the new economy. Showing the value of the ideas in an economy where minds and brains…

Argentina continues with its infrastructure boom in 2019

Energías Renovables en Argentina
Although in 2018 infrastructure spending will fall in inflation adjusted terms, there will be more funds for long-term projects in the following year which is an election one.  The spending could still be even higher if PPP (Private and State) agreements currently being negotiated are concluded successfully. With the strategy of producing a funnel that focuses all the states resources to be fully deployed in a final sprint, where the government will reduce spending next year in real terms the investment…

Business Opportunities in Argentina’s Booming e-Commerce Industry

Why and how is e-commerce booming in Argentina? What are the business opportunities in this industry? In this article, we’re going to have a close look at this growing sector of Argentina’s economy. With the huge e-commerce platforms of Alibaba operating mainly in Asia and Amazon operating in 13 countries, one may question why Latin America doesn’t have their own e-commerce properly sorted. There are many reasons for this, but this is changing rapidly. The e-Commerce Industry In Argentina The CyberMonday…

5 Great Reasons to Do Business in Argentina

As Argentina re-enters the global market, investor interest has surged by people wanting to do business there. The emerging economy has taken great leaps towards reducing their well-known economic problems. There have been numerous government initiatives aimed at improving the economic state of the country and encouraging foreign participation. Some of these government-led initiatives include, but are not limited too: The lifting of foreign-exchange controls. Creation of the Argentinian Simplified Shares Company (S.A.S…

Argentina’s Biggest Food Company Arcor Is Looking To Go Global

The world’s biggest maker of hard candies Arcor is seeking a strategic partner to help it expand outside Latin America. See their company video here. Arcor SAIC, the closely held Argentine food conglomerate, would be willing to do a stock swap with a partner in order to get access to more overseas markets, especially in Asia. Luis Pagani, the chairman and a majority owner with family members, says that while talks haven’t begun yet, Arcor’s family ownership might appeal to other global candy makers that…

With the support of China, Jujuy in Argentina will be the largest solar park in Latin America

Thanks to the financing provided by the Chinese bank EXIM, the Government presented this morning the start of construction of the largest photovoltaic park in Latin America. The solar plant at Cauchari, in the Jujuy department of Susques, will generate about 300 MW from 1,200,000 panels to be placed on a 700-hectare site, the equivalent of the average City of Buenos Aires. The Cauchari stages I, II and III will demand an investment of U.S. $ 390 million, of which U.S. $ 331 million will be contributed by China…

How to Form a Company in Argentina and Get Permanent Residency

image of iBuenos Aires is a Slice of Food Heaven
Argentina has had its fair share of up and downs politically and economically. Once a global power, the country suffered through the great depression, successive governments favoring protectionism, high levels of corruption, the worlds highest sovereign debt default and the 2007 GFC. These factors, amongst others, created instability in the economy, high levels of inflation and high rates of unemployment. Somehow, the former global leader has weathered these issues over the years – there is no denying that.…

Argentine economic activity grew by 4% in June as the economy recovers

The INDEC ( Argentina Statistic Department ) reported the Monthly Estimates of Economic Activity, which in June recorded the highest rate of expansion of the new Macri government era. Economic activity began to accelerate growing by 4% on a year-on-year basis, the highest monthly rate recorded to date under the management of President Mauricio Macri, driven by construction, general industry, and the financial sector, according to the National Institute of Statistics and Censuses ( INDEC ). [gview file=”https://www.gatewaytosouthamerica-newsblog.com/wp-content/uploads/2017/08/ÍNDICE-GENERAL-DE-ACTIVIDAD-IGA-1.pdf”]…

Argentina’s Primary Elections Show That Macri’s Anti-Populism Can Win

image for Argentina 2017
Except in times of war, few politicians have achieved great electoral success by telling voters to sacrifice living standards today for the sake of a better tomorrow. But in a surprising turn of events, voters in Argentina have just given an unexpected endorsement to this message, which has been the guiding logic behind the anti-populist policies of President Mauricio Macri. On Sunday, Argentina held primary elections ahead of the Oct. 22 midterm legislative polls. It wasn’t supposed to be a very momentous…

Why I am betting on Argentina ( An Australian View )

image of Doing business in Argentina
Since gaining office in November 2015, Argentina’s President Mauricio Macri has implemented most of the economic reforms he promised during his election campaign, including restoring relations with international creditors, exchange rate stabilisation and the removal of trade tariffs and taxes on agricultural exports. These changes were closely followed by a new foreign investment protection law and a law to regulate and encourage PPP’s (public private partnerships). Fixing the system, however, has taken…

Renewable Energy Targets for Commercial & Industrial Industries in Argentina

Uruguay Achieves 96% in Renewable Energy
The Argentinian government recently passed legislation committing high energy users in the country to collect 8% of their energy from renewable energy sources by 2018, with this figure set to rise to 20% by 2025. High energy users from airports to large scale brewers will be affected by the mandate, meaning it’s important you and your team understand the regulation. This specially developed report includes details of: The future landscape for clean energy development in the context of Argentina’s 7,500…

Argentine citrus giant San Miguel to acquire Peruvian fruit company

Argentine citrus company San Miguel has announced it is set to acquire major Peruvian mandarin producer Agrícola Hoja Redonda for US$64 million. San Miguel, one of Argentina’s most iconic lemon companies which have recently been putting more focus on sweet citrus, said it had signed a contract on July 14 to purchase Hoja Redonda. The transaction is expected to be completed around mid-August, subject to conditions. According to San Miguel, Hoja Redonda has two operations – in the southern region of Ica…

Argentina 2017

image for Argentina 2017
President Macri met in late April with President Trump, in a clear signal to the markets that Argentina has the support of the US Government, one more of the multiple indications which underline the work done for the full recovery of the confidence of international investors. Already last year, President Obama had made a state visit to Argentina. That visit, when the new government had just assumed power, was a great support, and showed confidence in the new administration, which is reflected in the many projects…

Understanding the Investment profile in Latin America – opportunities abound

Latin America’s biggest investment fund focused exclusively on the region has a message. “If you are seeking returns, go LatAm,” Javier Montero (pictured below), a fund manager with Moneda Asset Management SA, said in an interview at the company’s headquarters in Santiago, Chile. Moneda, with US$6.5 billion under management deployed in debt and equity from Mexico to Argentina, is bullish on the region over the next three years. The reason is a general political shift to a “more market-friendly…
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