As the economy opens up, some foreign investors look at Argentina as a place where they can invest. To do this, they will need to start a company. Opening a company in Argentina is not something simple. The process can be, and thus, this is the reason that you will find most of the investors partnering with the local firm as this can prove to be a more strategic move.
One type of Company Formation Argentina you can create is the corporation. However, to do this, you have to meet with the main requirements which are; board of directors and majority needs to be Argentina residents, be able to hold an annual shareholder meeting to assess the financial position of the company and have a minimum investments capital of ARS 100,000. When you open such a company you will be able to share on the stock market, get financial benefits, flexible trade share companies, and no limitation to the shareholders.
The other Company Formation Argentina option is the formation of a Limited Liability company. This needs you to have at least two shareholders and a maximum of 50, and there is no minimum capital required. When you open such a company, you will find that there is no limit to the number of people in the administration, no minimum capital needed to start the company, one does not have to be an administration board, the company can be formed using public or private instruments, and the shareholders are protected from liability.
The other company that you can form when in Argentina is the Simplified Share Company. The company will consist of shares, and the capital investment used has to be at least two times the Argentinian minimum salary. The benefits are that the formation time is less compared to the limited liability and corporation. It is easy and cost effective to constitute, the partners will be used to determine the structure of the company, limited declaration obligation, and it will only take 24 hours for it to be approved.
When you are looking to form a company, the type that you will use will mainly depend on the type of business you are thinking of running. It is best that before you get into this venture, you need to speak to the local experts so that they can advise you on the legal entities types as well as the market entry type to ensure that your business is thriving. Find out some more facts about finance through https://www.huffingtonpost.com/topic/personal-finance.