Know The Advantages And Disadvantages In Starting A Business In Argentina
As a country that has so much to offer when it comes to business, Argentina has been one of the countries that attracts many global investors and foreign participants. As Argentina try to reduce some of their economic issues, there has been also government actions concerning the improvement and development of is economy that is why several global investors are beginning to have a business interest in it. The Argentinian government realized that Argentina, same with the other countries across the globe must also increase their economic state through providing numerous government-led initiatives that would contribute to the enhancement of their economy.
Some of these initiatives taken by the government are:
- The enlivening of foreign-exchange controls.
- The development of the Argentinian Simplified Shares Company or the S.A.S Sociedad de Acciones
- Argentinian Investment and Trade Promotion Agency constitution
- Foreign investment on the Argentina’s renewable energy sector
- Hosting the biennial World Trade Organization and G20 summit
- Increased participation and involvement in the International trading market that will not only be limited to MESCOSUR but also with other developing countries like Peru, Mexico, India, Egypt, and Israel.
- Launching of an attractive legal framework intended for the foreigners that are interested in starting business in Argentina.
The Argentinian government was able to identify that the increasing foreign involvement in Argentina will certainly contribute to the improvement of its economy, as shown at the abovementioned government-led initiatives. The two provided legislation were aimed at the growing involvement of foreigners is the creation of S.A.S, along with the flexible international trading regulations of Argentina. The mentioned legislation and initiatives has seen to be promoting the country to be open for business for it is more attractive than it has been when it comes to business investments.
Argentina’s Economic Industries and Sectors
Furthermore, Argentina, even before and up until today offers a wide variety of sectors and industries and these helped the country during their economic downfall, especially that of the agricultural sector of Argentina. The sectors and industries that are continuously improving and growing are the Agriculture sector which offers products like soy, meat, wine, animal fodder and more; the Automotive which offers oil, gas, and others. Due to the fact that the Argentinian economy before faced several economic problems, it is apparent that these sectors are in need of investments, opening its doors for business opportunities to start business in Argentina and foreign business experts with specific acumen and knowledge that will help the country achieve its economic goals. Moreover, the Argentinian government gave their full cooperation and commitment to the environment through the launching of the renewable sector projects in all of its sectors and industries. With this, it is expected for the Argentinian economy to get back its recognition and improve its economic status.
Argentina: An Educated Population
Argentina, aside from its economic sectors and industries has also an outstanding educated population ranging over 43 million citizens completing secondary education. In fact, they have some of the higher rates if English in Spanish Speaking Latin American which is advantageous and beneficial for foreigners who would like to start business in Argentina since the high level of English among Argentines makes hiring local staff a great option for them.
Argentina has been a member of the International trading market MERCOSUR which allows it to gain open access to the three countries and associate countries with reduced legal requirements and limited taxes on products. Indeed, this international trading market had brought huge amount of benefits and advantages in Argentina in terms of helping it economy grow more. Additionally, Argentina is looking forward to sign for more trade negotiations, agreements and business affiliations with other countries and unions so that in the future, they will be able to facilitate well their business trading competencies.
Argentina’s Quality of Life
Argentina is most likely enjoying a high quality of life with a premium health, excellent education and amusing history with a diverse European culture and tradition. It is evident that Argentina is admirable not only in administration, business and education but also in its culture, and general welfare of people. With this on hand, there will be numerous benefits that the foreign investors will obtain if they start business in Argentina. Subsequently, the famous business hub of Argentina – Buenos Aires, has been growing rapidly over the past decade which attracted foreigners all over the worlds for a pleasant business environment. The High quality of life and attractive pleasant business environment that the Argentina has makes it to be one of the most leading countries that attracts business people to invest and settled in.