Foreign Companies Registration In Argentina: A Significant Breakthrough In The Ease Of Doing Business

Author:Mr Mario Eduardo Castro Sammartino
Profession:Castro Sammartino & Pierini
 
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Foreign companies registration in Argentina has just been greatly simplified by the Public Registry of the Autonomous City of Buenos Aires.

On 29 August 2018, it was published in the Official Gazette the General Resolution No. 6/2018 issued by the General Inspectorate of Justice - IGJ - (the agency in charge of the Public Registry), amending the General Resolution No. 7/2015 in relation to the requirements for foreign companies to file for registration and do business in Argentina. This change is effective since 30 August 2018.

The most significant changes revolve around the repeals. In this line:

Foreign companies filing for registration with the Public Registry will no longer have to show evidence of the existence of assets or significant economic activities abroad. Nor will they have to name their partners; The Annual Reporting Regime has been abolished. Once registered with the Public Registry, foreign companies will not need to submit yearly documents and information on their...

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