Despite the generally low economic environment in Argentina, people from other countries still make investments in the country causing an improvement in the number of greenfield investments. Argentina also ranks fifth in the foreign direct investment in South America which is another improvement.
Entrepreneurs are able to make a formal recording of their business online due to these new laws called Ley de Emprendedores which has been put into existence by the government of Argentina. In the past the process of online registration of businesses took close to one month but after the law was passed the process takes less than twenty four hours.The registration process enables an entrepreneur to make a formal recording of a simplified business entity, a bank account and an identification number here. An entrepreneur is also allowed to register a temporary business address.
Argentina has the greatest potential when it comes to recording of money balance electronically on a store-value card or other device. The use of cryptocurrencies now by the people of Argentina began long ago because the people had no trust in the government and in the banks. In the recent days Argentina has been ahead in digital currencies in Latin America and many businesses have begun making use of the bitcoin and other cryptocurrencies in their stores.
Argentina has made a strong investment in energy that can be renewed so as to become more sustainable. Having the national electric energy consumption consisting of up to twenty percent renewable energy is the main aim of the strong investment in renewable energy and they plan to achieve this by 2025. In order to attain this goal Argentina started auctions for renewable energy so as to attract investors from other countries. Argentina also offers incentives such as early VAT recovery, quicker depreciation, no minimum national income tax, no import duties and relief from other relevant taxes.
The country has ensured more involvement in the international market. Becoming a member of MERCOSUR enables the country to have access to the member countries with lower taxes and legal requirements therefore increasing the trading capacity of the country which attracts business with other countries.
Argentina has ensured it grows the young local talent making it a great investment location.The young people are also able to speak English and Spanish and have also attained secondary education therefore they can make it easy for an investor to find local talent to run the business. Before making a choice to investing in Argentina it is important to make a visit to the country so as to learn more about the people and other things such as their culture.