Argentina History, Economy, and Diversity

Argentina is the second largest country in South America and the largest Spanish-speaking nation in the world. The country has experienced political, social, and economic prosperity after a ‘dirty war’ which took place from 1975 to 1978, a period of state-sponsored terrorism. Since then, Argentina has become a high-income economy as per the World Bank. Currently, its economy is the second largest in South America behind Brazil. The manufacturing industry accounts for 15% of the country’s GDP, making it the biggest single sector.

In terms of cultural diversity, Argentina’s modern culture is primarily influenced by Spanish, Italian, and European immigrants. To some extent, the Amerindians and the Africans have also influenced culture in terms of art and music. The continued political stability and favorable business laws make Argentina an economic hub to many investors, contributing to its current status as a relatively high-income economy.

2021
March 24Memorial Day
April 1Maundy Thursday
April 2Good Friday
April 2Day of the Veterans
May 1Labor Day / May Day
May 24Bridge Public Holiday
May 25National Day/May 1810 Revolution
June 20Flag Day
June 21Day off for the Commemoration of General Don Martín Miguel de Güemes
July 9Independence day
August 16San Martín Day
October 8Bridge Public Holiday
October 11Day of respect for cultural diversity
November 20National Sovereignty Day
November 22Bridge Public Holiday
December 8Feast of the Immaculate Conception
December 25Christmas Day
  • S.A.S (corporation)
  • S.A. (Sociedad Anónima)
  • S.R.L. (Sociedad de Responsabilidad Limitada)
  • S.C.S. (Sociedad en Comandita Simple)
  • S.C.p.A. (Sociedad en Comandita por Acciones)
  • Soc.Col. (Sociedad Colectiva)
  • S.C.e I. (Sociedad de Capital e Industria)
  • S.E. (Sociedad del Estado)
  • S.G.R. (Sociedad de Garantía Reciproca)
  • Corporate Tax: 30% for residents, 15% for non residents
  • Income Tax (Lowest Marginal Rate): 9%
  • Income Tax (Highest Marginal Rate): 35%
  • VAT/GST/Sales Tax: 21%
  • Citibank Argentina (Commercial Bank)
  • Credit Suisse Argentina (Commercial Bank)
  • MBA Lazard Argentina (Commercial Bank)
  • CMF Corporate Bank (Commercial Bank)
  • Banco de la Nación Argentina (State Bank)
  • Citibank  (State Bank)
  • Industrial and Commercial Bank of China (Foreign Bank)
  • Ing. Bank N V (Foreign Bank)
  • Inter-American Development Bank (Foreign Bank)
  • Banelco BBVA – French Bank (Foreign Bank)
  • Citibank Argentina (Private Bank)
  • HSBC Bank Argentina S.A (Private Bank)

Aadmi can support you with your expansion to Argentina. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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