Auxadi Argentina
Although Argentina has had a relatively difficult history, the Argentinian government is actively seeking foreign investment.
Pro-market reforms are often on the governmental agenda and the business climate has improved. Over the last decade, successive governments have made significant changes to encourage foreign investment, including an end to currency controls, tax cuts, and improving transparency of administrative and regulatory processes.
Investment opportunities in Argentina include; call centres, information/communications, technologies (IT developers), natural resources management, hydrocarbons, health, agriculture, automobiles, food processing, and renewable energies. Argentina has some of Latin America’s most abundant renewable energy resources and the government has pledged that renewable electricity should contribute to 20% of the energy mix by 2025 and 35% by 31 December 2030.
Despite the region’s attractiveness for foreign investment, local knowledge and experience are key to navigating Argentina’s business fabric.
Argentina
Argentina has had a turbulent history. It was one of the riches countries in the world in the 1920s. Since then it has changed currency five times, suspended foreign debt five times, and maintains a particularly high inflation rate (the 2019-2021 average is 48%).
The Argentinian government is actively seeking foreign investment. Pro-market reforms are often on the governmental agenda and the business climate has improved. Over the last decade, successive governments have made significant changes to encourage foreign investment, including an end to currency controls, tax cuts, and improving transparency of administrative and regulatory processes.
Investment opportunities in Argentina include; call centres, information/communications, technologies (IT developers), natural resources management, hydrocarbons, health, agriculture, automobiles, food processing, and renewable energies. Argentina has some of Latin America’s most abundant renewable energy resources and the government has pledged that renewable electricity should contribute to 20% of the energy mix by 2025 and 35% by 31 December 2030.
Despite the region’s attractiveness for foreign investment, local knowledge and experience are key to navigating Argentina’s business fabric.
Why Auxadi is trusted as an expert outsourcing provider in Argentina
Auxadi is your ideal partner in Argentina to support you with your global expansion and investments. We offer a complete and complementary range of outsourced services, all aligned to help make your life easier.
Foreign private entities can establish and own businesses with the same conditions as local companies. Foreigners can have the full equity ownership, and are not subject to any authorisation or declaration, even with majority shareholding – though shareholding restrictions do exist for certain sectors. Launching a company in Argentina takes just 11 days – far less than the regional average of 31 days.
International Accounting, Tax and Payroll in 50 countries
Corporations
We can help you with your international expansion and we serve more than 600 clients across many different sections. We become an extension of your finance departments abroad and you can access the accounting information of all your international subsidiaries through a single portal, customised to meet your needs.
Funds
With nearly $7 billion of assets under management, we can take of the corporate management and SPV administration of your investment structures. Whether you’re creating a holding structure in Luxembourg or setting up a SPV in Europe and Latin America, we offer accounting, reporting, tax compliance and directorship solutions to help make your life easier.
Our services
Accounting Specialists
Argentinean law requires all commercial companies to draw up journal, ledger and follow up stock evaluations on a yearly basis. Argentina uses IFRS accounting standards and IAS29 (‘Financial reporting in hyper-inflationary economies’) should also be applied. All businesses must submit balance sheet and P/L to auditors annually, and auditors can be internal or external.
We help global corporations and fund managers by becoming a seamless extension of your finance department. Using our bespoke and best-in-class technology platform, MySPV, we provide expert corporate accounting services, including:
- Accounting and bookkeeping
- Management accounting
- Statutory accounting
- Official Books and Annual Accounts
- Cash management (including payments)
- Reporting
- Consolidation of finanical statements
- Bank account tracking
- Treasury and cash flow forecasts
- Audit assistance
Tax Specialists
Argentina’s tax system is complex, with federal, state and municipal taxes as well as social security and national health care. The number of admin hours for Argentina’s taxes holds up well against the regional average (317 hours); business spend approximately 312 hours per annum on taxes in Argentina.
Standard corporation tax is 30% and residents and foreigners receive the same tax treatment, though withholding tax applies with dividends and branch profit remittances. Net operating losses can be carried forward for five years, but loss carry backs aren’t permitted.
Double taxation treaties are in place with 25 nations, and totalisation agreements are in place with most of LATAM.
We’re experts when it comes to international and local taxation requirements and are on hand to help ensure tax compliance in Argentina, using our purpose built automation technology.
- Tax compliance – covering multinational, federal, state, and municipal taxes
- Official Books and Annual Accounts
- Assistance with tax inspections and audits
- Tax reviews and claims
Payroll Specialists
In Argentina, social security contributions can range from 18–23.5% of payroll, and the national health care scheme is a 6% contribution. Employees also contribute to both schemes (14% and 3% respectively). Around 40% of the workforce is unionised and rigid legislation governs contracts, whether completed through collective agreement or individual negotiations.
Our experienced and knowledgeable team of payroll specialists in Argentina will use our unique payroll technology platform to manage your payroll function. You’ll have permissions control for reviews and approvals, automated processes, and coherent, homogenised data that can be easily consolidated across your global business.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us.
Meet the team
Rima Yousfan
Senior VP, Head of International Corporations