Features of a business in Argentina
And this is all the more relevant if you are thinking about emigration and own business in such a distant and unknown to the average Russian a strange country like Argentina
Only very brave and confident people can go to the other end of the world and start their own business there. But business is business: wherever you open it, it is important to have information that will lead you to success.
And this is all the more relevant if you are thinking about emigration and own business in such a distant and unknown to the average Russian a strange country like Argentina. It is important to understand: Argentina just recently began to emerge from a deep economic crisis in which this country was in almost the entire 20th century. Therefore, before taking any radical steps, a good trip to Buenos Aires may be a good idea, and it is better all over the country. So you can see with your own eyes the life of Argentines, find out their needs and, accordingly, build your own business idea.
Spanish language proficiency will help you a lot in setting up your own business in Argentina – this way you can better clarify the situation on the spot, consult about the tax system, and in principle, better understand the national character of the Argentine.
I must say that all together – the complexity of the economic situation in the country, the remoteness of Argentina from Europe and Russia, the Spanish language – makes this country not the most attractive for business immigration. However, one can not ignore the fact that there is a favorable tax policy, a simple process of registration of the company, a friendly attitude towards foreigners – why not?
It costs from 20 thousand dollars to create your business in Argentina, to buy a room for it (and for yourself housing) even in Buenos Aires will be cheaper than in European countries – in more detail about Argentine real estate Business Times will write in the following material.
The main difficulty with which you may encounter is the distrust of local and difficulties in attracting customers. If you do not talk about the capital, the Argentines are very constant in everyday life and keep those firms that are accustomed to. Small business is already quite developed in the country, and it is customary to cherish every client here – so it’s best if you buy your business ready-made, with already established clientele. Best of all, if you can buy a business along with the premises in which it is located – in this case you will become the sole owner, you will not have to share income with any co-owners or spend money on renting real estate.
The process of registering a business in Argentina is quite simple and takes only a few days. The most important thing here is to find an intelligent Argentine accountant who will lead the whole process for you. The accountant will have to be hired at least for the first time – he will monitor the payment of taxes and interact with the tax inspectorate, create reports on income and expenses, fill out staff and generally help you in mastering the intricacies of the Argentine business. Therefore, in choosing this person you have to be very careful and cautious – the success of your enterprise really depends on him.
It is possible to register a company in Argentina within two days – however, in practice, then it will be necessary to attend to the charter and registration in the national register, and this will take several weeks. The statutory fund that you need to have in Argentina for registering your own business is 12 thousand dollars, and the registration procedure itself will cost you 7 thousand.
What kind of business can you do in Argentina? Obviously, every entrepreneur will have his own answer to this question, and this is wonderful – a good idea for a business is half the success.
Nevertheless, there are several main areas that foreign entrepreneurs in Argentina are involved in:
– restaurant business, often associated with the owner’s national cuisine
– the production of complex foods that require a small plant
– beauty salons, hairdressers, spas
– a business in the field of Internet technologies, the opening of Internet cafes, etc., which is very important for a country where a very small percentage of the population have access to the network
– small retail trade in consumer goods.