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flag Argentina Argentina: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

The Empresa Unipersonales is an individual businessman alone.
Number of partners: Minimum 2 partners/shareholders; no maximum. 
Capital (max/min): ARS 12,000 minimum capital.
Shareholders and liability: Their liability is limited to the amount of capital contributed/subscribed shares.
The Sociedad Anonima (SA) is a public limited company .
Number of partners: Minimum 2 partners/shareholders; no maximum.
Capital (max/min): ARS 10,000 000 minimum capital.
Shareholders and liability: Their liability is limited to the amount of capital contributed/subscribed shares.
The Sociedad de Responsabilidad Limitada (SRL) is a limited liability company .
Number of partners: Minimum 2 partners. Maximum 50 partners.
Capital (max/min): Minimum capital: ARS 12,000.
Shareholders and liability: limited to the amount of capital contributed.
The Sociedad en commandita por acciones (SCA) is a limited joint-stock partnership .
Number of partners: Minimum 2 partners. Maximum 50 partners. There are two types of partners, active partners and silent partners.
Capital (max/min): No minimum capital.
Shareholders and liability: The liability of the active partners is unlimited.
The liability of the silent partners is limited to the amount of capital contributed.
The Sociedad en commandita simple (SCS) is a limited partnership.
Number of partners: An association of companies or individuals to carry out particular economic activities in Argentina or in other countries having Argentina as its operation's base. This structure does not have enterprise status.
Capital (max/min): No minimum capital.
Shareholders and liability: The liability of the active partners is unlimited.
The liability of the silent partners is limited to the amount of capital contributed.
The Competent Organization
Inspeccion General de Justicia (General Inspection of Justice) (in Spanish)
 
Setting Up a Company Argentina Latin America & Caribbean
Procedures (number) 14.0 9.0
Time (days) 26.0 53.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Argentina.
The Official Gazette
The Register of Commerce

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The Active Population in Figures

20112013
Labor force 16,880,00017,320,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -65.00%60.70%
Men activity rate 78.40%74.90%74.90%
Women activity rate 52.40%47.00%47.30%

Source: UN - United Nations

 
Employed Persons, by Occupation (% of Total Labor Force)
Manufacturing industry 11.4%
Shopkeepers 17.5%
Agriculture 8.2%
Construction 5.8%
Public Administration 8.9%
Teaching 8.5%
Social services and health 5.4%

Source: INDEC

 
For Further Information About the Labor Market
ILO, International Labor Organization

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Working Conditions

Legal Weekly Duration
48 hours a week
Retirement Age
60 for women, 65 for men
Working Contracts
Legal measures (laws n° 20744, 24013, 24465 and 24467 (in Spanish)) govern work contracts; collective agreements and individual negotiation complete them.
The formality of work contracts is very rigid. Hiring and firing procedures are constraining.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
ARS 2,300 per month (source: ILO, 2011).
Average Wage
Gross average monthly wage of men: ARS 2,811 (source: ILO, 2010);
Gross average monthly wage of women: ARS 2,158 (source: ILO, 2010).
Social contributions
Social Security Contributions Paid By Employers: 33%.
Social Security Contributions Paid By Employees: 17%

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Social Partners

Social Dialogue and Involvement of Social Partners
Most unions are affiliated to the general labor confederation (CGT). In 1997 the government recognized the smallest federation in Argentina: the Argentine Workers Group (CTA).
Negotiations in Argentina take place at the national level, by sector of activity. The unions are very powerful, especially the truck-drivers' union. The CGT, led by Mr. Moyano, is an essential ally for every government.
Unions
List of all Argentine unions
Unionization Rate
Approximately 40% of workers in the formal economy are unionized.
Labor Regulation Bodies
Ministry of Labor and Employment

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Last Updates: December 2014