ABOUT ARGENTINA

Amongst all the countries in South America, Argentina is the second-largest country in the region by area and the third-most populous. The capital of Argentina is Buenos Aires, which is the largest city and the economic, cultural, and historical center of the country. According to the report of the World Bank, Argentina has been classified as an Upper Middle-Class income Nation. The currency of Argentina is the Argentine Peso (ARS). At the time of writing this article (June 11, 2025), the value of 1 Indian Rupee is approximately 13.89 Argentine Pesos, meaning 1 Argentine Peso is significantly lower in value than 1 Indian Rupee. The population of Argentina is estimated at approximately 4.58 crores as of 2025. The neighboring countries of Argentina are Bolivia, Brazil, Chile, Paraguay, and Uruguay. The most commonly spoken language in the country is Spanish. The majority of the Argentine population practices Catholicism, but other Christian denominations and other religions are also followed. Currently, there are numerous international airports in Argentina, including Ministro Pistarini International Airport (Ezeiza) near Buenos Aires, which is the largest, and other significant airports like Aeroparque Jorge Newbery (Buenos Aires), and those in Córdoba and Mendoza, providing convenient air connectivity. As Argentina has an extensive coastline along the Atlantic Ocean, it boasts several major commercial seaports such as Buenos Aires, Bahía Blanca, and Rosario, which are vital for its extensive international trade requirements.

The corporate income tax rate for companies in Argentina operates on a progressive scale for fiscal years beginning on or after January 1, 2025: 25% for profits up to ARS 101,679,575.26, 30% for profits between ARS 101,679,575.26 and ARS 1,016,795,752.62, and 35% for profits over ARS 1,016,795,752.62. Opesh Group of companies will be helping you in completing the Due Diligence process which includes financial planning, registration process, business options, and if required, even helping you find a Rental property for your office.

Establishing a business in Argentina has to be done with utmost care, keeping in mind the laws of the country. The General Companies Law (Ley General de Sociedades) and other relevant legislation provide clear guidelines for foreign investors to register a company in Argentina. A foreign investor who is planning to start a business in Argentina can form various types of companies, such as a Sociedad de Responsabilidad Limitada (S.R.L. – Limited Liability Company), Sociedad Anónima (S.A. – Public Limited Company), or a Branch Office. A Sociedad de Responsabilidad Limitada (S.R.L.) formed and registered in Argentina generally allows foreign investors to own 100% of the company.

In case an investor is planning to establish an S.R.L. or S.A. in Argentina, Opesh Group will be helping you in taking the right decision for setting up your business in Argentina and we will also guide you about how to follow the procedure while formulating your company in Argentina.

Types of Business which can be started in Argentina-

Agriculture and Agribusiness – Argentina is a global agricultural powerhouse, known for its vast fertile lands (“Pampas”). Opportunities are immense in grain and oilseed production (soybeans, corn, wheat), livestock, food processing, agricultural technology (agritech), and bioenergy. Energy Sector (Oil & Gas, Renewable Energy) – Argentina possesses significant conventional and unconventional hydrocarbon reserves (e.g., Vaca Muerta shale formation). There’s also growing potential and government interest in renewable energy (solar, wind, hydro) as the country seeks to diversify its energy matrix. Mining – Argentina is rich in mineral resources, including lithium (part of the “lithium triangle”), gold, silver, copper, and potash. This sector offers substantial opportunities for exploration, extraction, and processing, driven by global demand for critical minerals. Infrastructure and Construction – There is a continuous need for investment in infrastructure development, including roads, railways, ports, housing, and public utilities. Opportunities exist in large-scale construction projects and urban development. Information Technology (IT) and Software Development – Argentina has a strong and growing IT sector, particularly known for its skilled software developers and vibrant startup scene. Opportunities are significant in IT outsourcing, software development, fintech, and digital services. Tourism – Argentina offers diverse landscapes, from the Andes mountains and Patagonia to vibrant cities like Buenos Aires and Iguazu Falls. Opportunities exist in hospitality (hotels, resorts), eco-tourism, adventure tourism, and related services, as the sector attracts millions of international visitors annually. Manufacturing – Argentina has a diversified manufacturing base, including automotive, food and beverages, chemicals, and pharmaceuticals. Opportunities can be found in modernizing existing industries, developing new production lines, and localizing manufacturing. Healthcare and Pharmaceuticals – The healthcare sector is undergoing modernization, creating opportunities in medical equipment, pharmaceutical production, and specialized healthcare services.

Advantages of Starting Business in Argentina-

Argentina offers a large domestic market with a significant population, providing a substantial consumer base. The country is a major agricultural producer and has abundant natural resources, particularly in energy and mining, offering vast potential for resource-based industries. Argentina has a highly educated and skilled workforce, especially in professional fields like engineering, IT, and healthcare. Its strategic location in South America provides access to regional markets, particularly through its membership in Mercosur, a key South American trade bloc. There is a growing focus on attracting foreign direct investment (FDI) and improving the business climate, with recent reforms aimed at economic stabilization. The country has diverse climatic zones, supporting a wide range of agricultural activities. Argentina boasts a vibrant cultural scene and attractive tourist destinations, which can contribute to economic growth and attract talent.

Business Opportunities for Indians in Argentina-

There are significant and emerging business opportunities in Argentina for Indian investors looking to expand their global footprint, especially with renewed government efforts to stabilize the economy and attract foreign capital. Indian investors can explore vast business opportunities in sectors such as agriculture and food processing, energy (especially oil & gas and renewables), mining (particularly lithium), IT services, and pharmaceuticals. Cooperation in these sectors can leverage Argentina’s resource abundance and India’s technological expertise and market demand.

Imports & Exports-

Trade is a vital component of Argentina’s economy, with significant volumes of goods being imported and exported. Proper research and development are crucial to identify suitable products for import or export and to assess market potential.

Major items which are exported from Argentina to India-

Soybeans and derivatives (especially soybean oil) Petroleum oils and other mineral fuels Sunflower oil Leather and leather products Cereals (e.g., maize, wheat) Metal ores and concentrates (e.g., copper, gold, silver)

Major items which are imported in Argentina from India-

Organic chemicals Machinery and mechanical appliances Vehicles (including two-wheelers and parts) Pharmaceutical products Iron and steel products Plastics and articles thereof Electrical and electronic equipment Textile and apparel products Mineral fuels and oils (certain types) Rice and other food preparations

Manufacturing-

Indian investors can consider establishing manufacturing units in Argentina, particularly in sectors where Argentina has strong demand or raw materials, such as automotive components, agricultural machinery, food processing, and pharmaceuticals. This can help local production and reduce import dependence.

Mining-

The mining sector presents one of the most promising areas for Indian investment in Argentina. The country is a major player in lithium, gold, silver, and copper. Indian companies can invest in exploration, extraction, and processing of these valuable minerals.

Major Indian companies which are currently working in Argentina-

Tata Consultancy Services (TCS) Mahindra Comviva Infosys UPL Limited (agrochemicals) Advanta Seeds (agricultural seeds) Bajaj Auto (through motorcycle assembly and sales partnerships) TVS Motor Company (through motorcycle assembly and sales partnerships) Hero MotoCorp (through motorcycle assembly and sales partnerships) Glenmark Pharmaceuticals Godrej Argentina (consumer goods, chemicals) ONGC Videsh Limited (OVL), Oil India Limited (OIL), GAIL (India) Limited (exploring energy cooperation) KABIL (Khanij Bidesh India Ltd) – recently signed an agreement for lithium blocks.

GDP = $683.533 billion (nominal, 2025f) GDP Growth = 5.5% (2025f) Ease of doing business rank = The World Bank’s Ease of Doing Business report has been discontinued; however, Argentina is actively implementing reforms to improve its business climate. GDP per Capita = $14,362 (nominal, 2025f)

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