Doing Business in Latin America and The Caribbean: Argentina

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Bordering the south Atlantic Ocean, Argentina is the second largest country in South America. Argentina’s population is over 40 million people, and the country is organized as a federal republic consisting of 23 provinces and the autonomous city of Buenos Aires. Its legal system is a mixture of U.S. and West European systems with an executive, legislative and judicial branch.

The president and vice president are elected on the same ticket by popular vote for four-year terms. Congress is divided in two houses, the Chamber of Deputies and the Senate. The federal judiciary is headed by the National Supreme Court, and is present throughout the country by trial and appellate courts; federal jurisdiction is predicated on subjectmatter and personal jurisdiction.

All provinces and the city of Buenos Aires replicate this structure with executive, legislative and judicial branches formally separated from the other.

Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector and a diversified industrial base. The GDP is estimated at USD435 billion as of 31 December 2011.

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Tax

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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