ARGENTINA

Name of country

  • ARGENTINA

Region

  • Southern South America, bordering the South Atlantic Ocean, between Chile and Uruguay

Population

  • 45,864,941 (July 2021 est.)

General Introduction

  • Argentina is a South American country with the third-largest economy in Latin America. It is known for its Andes mountains, glacial lakes, and football. Argentina is a developing country with abundant natural resources and an emerging market. Manufacturing, tourism, services, and the energy sector produce the majority of industrial output.

Wifi Speed

  • From May 2018 to May 2019, broadband internet in Argentina averaged a download speed of 2.83 Mbps, down from 3.18 Mbps the previous year.

Electrical outlet

  • In Argentina, the power plugs and sockets are of type C and I. The standard voltage is 220 V and the standard frequency is 50 Hz.

Per Capita GDP 

Real GDP growth rate

  • 2.03% (2019 est.)
  • 2.53% (2018 est.)
  • 2.83% (2017 est.)

Climate

  • mostly temperate; arid in southeast; subantarctic in southwest

Citizenship-by-Investment

  • Under act no 25.871, Dto. 616/2010, Dto. 70/2017, an investor visa may be granted to a foreign national who intends to make an investment in Argentina for an amount not less than ARS1,500,000 (Argentine pesos) in any lawful business engaging in a productive, commercial, or service activity.
  • The visa is renewable for up to 3 years. After that, the resident may apply for permanent residency. After two years of permanent residency, the resident will be eligible for citizenship.
  • Prior to application, you must submit an investment project in a productive, commercial or service-oriented business. You must also prove your financial situation and the origin and legality of the funds and their entry to the country by means of banking or financial institutions authorized by the Central Bank of the Argentine Republic (BCRA).
  • Dependents may be included in the application.
  • The visa has a validity of one year. You can renew the visa on the condition that you still hold the investment. After two renewals, you will be eligible for permanent residency.

Investment

  • An investor visa may be granted to a foreign national who intends to make an investment in Argentina for an amount not less than ARS1,500,000 (Argentine pesos) in any lawful business engaging in a productive, commercial, or service activity.

Processing Time

  • The entire process can take between 12-16 weeks

Key Benefits

  • Visa-free access to Russia
  • - Visa-free or Visa on arrival to 154 countries

Requirements

  •  Clean criminal record. Police clearance certificate from the countries where you have resided for a period of more than one year during the last three years, together with an affidavit stating lack of criminal records.
  • Proof of financial situation
  • Proof of source of funds.
  • Investment and Business plan.
  • CV and evidence of business background
  • All documents must be duly translated into Spanish

Procedures and Time Frame

  • Clean criminal record. Police clearance certificate from the countries where you have resided for a period of more than one year during the last three years, together with an affidavit stating lack of criminal records.
  • Proof of financial situation
  • Proof of source of funds.
  • Investment and Business plan.
  • CV and evidence of business background
  • All documents must be duly translated into Spanish

Natural Resources

  • fertile plains of the pampas, lead, zinc, tin, copper, iron ore, manganese, petroleum, uranium, arable land

Ethnic Groups

  • European (mostly Spanish and Italian descent) and Mestizo (mixed European and Amerindian ancestry) 97.2%, Amerindian 2.4%, African descent 0.4% (2010 est.)

Languages

  • Spanish (official), Italian, English, German, French, indigenous (Mapudungun, Quechua)

Religion

  • Roman Catholic 62.9%, Evangelical 15.3% (Pentecostal 13%, other Evangelical 2.3%), Jehovah's Witness and Mormon 1.4%, other 1.2%, agnostic 3.2%, atheist 6%, none 9.7%, unspecified 0.3% (2019 est.)

Median Age

  • total: 32.4 years
  • male: 31.1 years
  • female: 33.6 years (2020 est.)

Urbanization

  • urban population: 92.2% of total population (2021)
  • rate of urbanization: 0.97% annual rate of change (2020-25 est.)

Physician density

  • 3.99 physicians/1,000 population (2017)

Government type

  • presidential republic

Unemployment Rate

  • 9.84% (2019 est.)
  • 9.18% (2018 est.)

Taxes

Headline Personal Income Tax Rate (highest marginal tax rate) - 35%

Headline Corporate Income Tax Rate (excluding dividend taxes)- 30% for residents and 15% for nonresidents since 2021

Territorial Tax / Worldwide Tax / Hybrid 

  • Individuals resident in Argentina are taxable on worldwide income and may obtain a foreign tax credit for taxes paid on income from foreign sources.
  • Non-residents and foreign beneficiaries are only taxable on their Argentine-source income.
  • Residents and non-residents are taxed at progressive income tax rates ranging from 5% to 35%; however, special tax rates are applicable in case of gains derived from securities (including dividends), interest, and real property.

 

 

 

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