Expanding into
Argentina
Argentina is one of the most beautiful countries in South America. It is rich in culture with awe-inspiring natural beauty from glaciers to rainforests. It has vibrant cities such as Buenos Aires or Bariloche in north Patagonia offering summer hiking and winter skiing, an attractive destination for people looking to live and work. For companies expanding into South America, an appealing destination is always a bonus when recruiting employees from the home country or elsewhere. Argentina is also a founder of MERCOSUR, a common market including Brazil, Paraguay, and Uruguay, similar to the European Union, where members enjoy the freedom of movement for people, goods and services but where different rules can apply to work documentation.
Get the Support You Need
Global Expansion is a step to make for any business, regardless of your goal. But the opportunities that can come with an expansion can be stimulating as well as intimidating and confusing, especially when you consider all of the registration procedures that need to be done and the documentation required.
Going at it without the proper support can increase the costs, time and risks involved.
The legwork and potential red tape can be worked through more efficiently and cost-effectively with the support of a Professional Employer Organisation (PEO) such as Bradford Jacobs, primarily through our Employer of Record (EOR) framework.
It can be best utilised when businesses are just beginning their expansion process and require more information before incorporating an entity and fully establishing themselves in that market.
Hiring Staff
in Argentina
Argentina is a developing country even though its economy is the second-largest national economy in South America, behind Brazil’s. Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base.
Argentina’s economic performance has historically been very uneven, with high economic growth alternating with severe recessions, particularly since the late twentieth century. Income maldistribution and poverty have increased since this period.
Early in the twentieth century, Argentina had one of the ten highest per capita GDP levels globally. It was on par with Canada and Australia and had surpassed both France and Italy.
Argentina’s currency declined by about 50% in 2018 to more than 38 Argentine pesos per U.S. Dollar. In 2019, the currency fell further by 25%. As of that year, it is under a stand-by program from the International Monetary Fund.
Argentina is considered an emerging market by the FTSE Global Equity Index (2018) and one of the G-20 major economies.
According to the Ministry of Production, 99.8% of Argentina’s companies are micro-, small, and medium-sized enterprises (MSMEs) – defined as those with fewer than 200 employees.
With a 4.1m-strong workforce, they also provided the majority of jobs. SMEs generate 64 per cent of the nation’s formal jobs, but their contribution to employment is even more significant, considering the number of informal jobs they also generate.
A skilled local labour force and pervasive entrepreneurial spirit have fostered a dense and diverse MSME ecosystem covering nearly all sectors. The largest cohort (37%) of enterprises operated in a services-oriented industry, followed by 30% in wholesale and retail trade, 10% in farming and livestock, and 10% in manufacturing.
DNI (Documento Nacional de Identidad) – Personal
The Unique Code of Labour Identification (CUIL)
Brazil, China, the United States, Chile, Vietnam, Germany, and Paraguay.
Hiring Staff
in Argentina
Argentina’s economic performance has historically been very uneven, with high economic growth alternating with severe recessions, particularly since the late twentieth century. Income maldistribution and poverty have increased since this period.
Early in the twentieth century, Argentina had one of the ten highest per capita GDP levels globally. It was on par with Canada and Australia and had surpassed both France and Italy.
Argentina’s currency declined by about 50% in 2018 to more than 38 Argentine pesos per U.S. Dollar. In 2019, the currency fell further by 25%. As of that year, it is under a stand-by program from the International Monetary Fund.
Argentina is considered an emerging market by the FTSE Global Equity Index (2018) and one of the G-20 major economies.
According to the Ministry of Production, 99.8% of Argentina’s companies are micro-, small, and medium-sized enterprises (MSMEs) – defined as those with fewer than 200 employees.
With a 4.1m-strong workforce, they also provided the majority of jobs. SMEs generate 64 per cent of the nation’s formal jobs, but their contribution to employment is even more significant, considering the number of informal jobs they also generate.
A skilled local labour force and pervasive entrepreneurial spirit have fostered a dense and diverse MSME ecosystem covering nearly all sectors. The largest cohort (37%) of enterprises operated in a services-oriented industry, followed by 30% in wholesale and retail trade, 10% in farming and livestock, and 10% in manufacturing.
DNI (Documento Nacional de Identidad) – Personal
The Unique Code of Labour Identification (CUIL)
The Main Sectors of the Argentinian Economy
The country focuses on the following key sectors, which all have a significant impact on the country’s economy:
The Main Sectors of the Argentinian Economy
The country focuses on the following key sectors, which all have a significant impact on the country’s economy:
Commercial Laws in
Argentina
Commercial Laws in
Argentina
