If you are interested in investing in the Argentinian market, you will need to secure reliable corporate legal services in Argentina to support you. Because by working with experienced legal counsel, you will guarantee compliance with all local norms, while being able to count on a market entry with minimal administrative or regulatory inconveniences.
In addition, if you choose a corporate law firm that offers a comprehensive portfolio of commercial support services, you will also be able to call on them for a variety of work beyond standard corporate law, such as tax advisory, or accounting services in Argentina.
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Argentina is the third-largest economy in Latin America after Brazil and Mexico, with World Bank data showing that it had a gross domestic product (GDP) of $445.4 billion (all figures in USD) and a gross national income (GNI) of $11,130 per capita in 2019.
That GNI places the South American nation among the higher end of upper middle-income countries according to World Bank standards, with Argentina known for having a well-established middle class and highly skilled workforce. It also has the highest level of English proficiency among non-English speaking nations in the region.
Being a founder member of the Southern Common Market (Mercosur) — a political and economic alliance that also includes Brazil, Paraguay, and Uruguay — Argentina offers direct access to key economies in the region and has recently approved a preferential tax regime for the automotive industry, as a way to stimulate car production chains among Mercosur countries.
Argentina is also keen to promote foreign investment. In 2019, the country experienced positive foreign direct investment (FDI) inflows of more than $6 billion, with the Netherlands, Spain, and the United States key sources of investment.
Once known as ‘the world’s barn’ due to its vast productive arable lands, Argentina still has a strong agricultural sector, and it is one of the world’s top producers of soybeans, beef, wheat, and maize. The country has significant reserves of copper, gas, and oil, offering profitable business opportunities to foreign investors considering doing business in the country.
If you are looking to expand your business in Argentina, or have already incorporated a company in the country, read on to understand more about legal services in Argentina.
Legal services in Argentina: why are they important?
Understanding corporate regulations in a foreign market can be challenging. By engaging with a local corporate lawyer in Argentina, you will be able to count on the sort of market familiarity and experience to put your mind at ease about your investment.
Some of the main tasks a corporate lawyer in Argentina can help you with include:
- Choosing the right entity: Some of the corporate requirements that you must meet in Argentina will be based on the type of legal entity you decide to incorporate. A specialist attorney will be able to help you make an educated decision, based on your business needs, while also guaranteeing you meet all relevant norms.
- Immigration and visa support: A firm offering corporate legal services in Argentina will be able to supervise the application of work visas or residence permits for foreign company employees, avoiding common administrative hurdles and having your staff on location in the shortest time possible.
- Legal and commercial representation: Every company that operates legally in Argentina must have a locally-based legal representative. That person will represent your company before local authorities and be able to sign important documents related to your business operations. The regulatory knowledge and experience they have make a trusted legal adviser in Argentina an ideal legal representative for your company.
- Administrative assistance: When receiving legal services in Argentina, part of those services will be administrative support for the likes of writing corporate documents, developing and maintaining agendas, keeping minutes of annual meetings, maintaining electronic copies of statutory records, and sending legal returns.
- Brand registration: Registering your brand is a key step towards successfully incorporating your company in Argentina, and an experienced corporate lawyer will be able to oversee the process to completion.
- Hiring local staff: In the event your provider of legal services in Argentina offers a more comprehensive offering of back-office services, including the likes of accountancy and tax advisory services, they may also be able to act a a professional employer organization (PEO) and offer outsourced recruitment or management of your payroll.
Finding the right corporate lawyer in Argentina: 4 key considerations
When selecting a provider of corporate legal services in Argentina, it is strongly recommended to keep the following in mind:
- Legislative knowledge: Corporate legislation can be subject to frequent modification, so your corporate lawyer in Argentina must be aware of changes to avoid any regulatory inconveniences on the part of your company.
- Industry experience: A corporate lawyer with experience working with foreign investors, and especially in your industry, will be better prepared for your possible needs.
- Professional reputation: By checking the business records and past client reviews for a particular corporate lawyer in Argentina, you will get an idea of the quality of the work of the lawyer you plan to work with.
- Information management: It is preferable that your attorney is comfortable managing secure online information management systems, in order to allow you to remote access to those records at all times.
Biz Latin Hub can support your business expansion with legal services in Argentina
At Biz Latin Hub, our multilingual business support specialists have extensive experience providing foreign companies with legal services in Argentina to guarantee a smooth market entry, while avoiding risks that could jeopardize your business expansion. With our full suite of company formation, HR, and accounting services, we can be your single point of contact to incorporate and manage your business in Argentina, and any of the other 15 countries in Latin America and the Caribbean where we are present.
Contact us now to receive personalized assistance or to get a free quote.
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