Company Incorporation in Argentina
How to start a Argentinian limited company. Incorporation or formation of a company in Argentina. |
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Companies in Argentina
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It is difficult to form a company in Argentina. The companies most often used by foreign investors are
- Sociedad Anónima (SA)
- Sociedad de Responsibilidad Limitada- Limited Liability Company (SRL)
La Sociedad Anónima
These are like Corporations and have no limit on the number of number of shareholders. However, directors are responsible, jointly and severally for all actions and all debts of the company..
They are incorporated through signing a public deed before a notary or escribano. They have to be registered with the General Inspectorate of Justice (IGJ), or in the outlying provinces, the Provincial Registry.
Minimum initial capital, is currently $ 12,000 (Pesos)
The Limited Liability companies,or Sociedades de Responsibilidad Limitada
The minimum number of shareholders for the simpler form of company is two and the maximum is 50. The liability of members is limited to the nominal value of their shares. You must have a minimum of two directors, who are not necessarily shareholders. Directors are jointly and severally liable for all company deeds, but the details of responsibility are found in the Deeds of the company..
Steps to register the new company in Argentina
- You need to get permission to use the company name with the IGJ, which organizes trade names.
- Signing of the Company Deeds
- Payment of the incorporation fees, as established by the Banco de la Nacion
- Publication of official advertising, for incorporation
- Make an initial deposit in the Banco de la Nacion Argentina to the amoiunt of 25% of the share capital in the new company..