Doing Business In Argentina

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actual cancellation date; otherwise, the principal may be liable to the employee for earnings that would have accrued during the notification period. In all cancellation cases, except those based on a just cause, the agent is entitled to one month's compensation for each year of service, payable in a lump sum. In addition, when a contract is terminated after one year, the agent or the distributor is entitled to compensation for the lost customers, which will amount to 25 percent of the amount corresponding to a wrongful dismissal. Distributors of U.S. exporters may have experienced problems in transferring funds for imports, particularly during the first months of 2002. However, financial transactions have gradually returned to normal, allowing for advance import payments and transfer of foreign exchange (further details may be found in Chapter 5 on Trade Regulations and Standards). Relationships are key. U.S. companies should look at the long-term picture, taking the time to develop a close relationship with a representative, agent, distributor, or other business partner. Finding a Partner The U.S. Commercial Service of the U.S. Department of Commerce assists exporters in finding appropriate partners in the local market. The U.S. Commercial Service in Buenos Aires (CSBA) offers the following partner search services: Customized Market Research/Customized Contact List: Using a variety of resources, including in-country databases and local expertise, we will prepare a customized list of Argentine companies in the sector of your choice. This list will contain company name, address, phone/fax numbers, a contact name, e-mail address, web site, and a description of the firm and products/services offered. We will provide the list within two to 10 business days from receipt of notification from the pertinent U.S. Export Assistance Center that the $250 fee has been paid. International Partner Search: We will conduct a pre-screened search to identify up to five qualified potential representatives, distributors, licensees, franchisees, or other strategic partners interested in your product or service. The preferred method for showing your products and company information to Argentine firms is your web site or electronic catalog/brochure. If a web site or electronic catalog is not available, we will require 20 sets of product literature. The cost for this service is US$500; turnaround time is 30 business days. Gold Key Matching Service: This service allows U.S. firms to efficiently and effectively travel to Buenos Aires for face-to-face meetings with potential business partners. We will prepare a customized schedule of appointments with pre-screened potential agents, distributors, or other business contacts, according to your needs. The cost for this service is $685 the first day, $320 each additional day of appointments. Six weeks advance notice is required. Video Gold Key Matching Service (VGK): The VGK offers all the advantages of the Gold Key Service (GKS), without the expense of travel. We will arrange for pre-screened potential agents, distributors, or other business contacts to come to our offices for video 3/4/2008
meetings. The service includes at least three quality meetings with pre-screened potential Argentine firms, up to four hours of video interaction (including a briefing with Commercial Service staff). Please contact us for price and payment method. Platinum Key Service: This service is intended for U.S. firms active in a key industry sector, involved in bidding on a major project, or seeking commercial intelligence to achieve their business goals. A senior staff member will actively monitor and seek out information and intelligence in your area of interest. You will receive up-to-the-minute privileged market intelligence, trade leads, insights and major projects news or developments. These reports, via e-mail or through confidential periodical telephone or videoconferences with the Embassy Commercial Specialist, will discuss political, strategic, financial and competitive developments in your firm's sector or in any number of specific projects in Argentina. In short, you can now access the perfect tool to know -or double check-- what your foreign competitors, colleagues, customers, private and government clients are doing and how it affects your competitive position. This ongoing service is available for six months, one year, or a specified timeframe based on the mutually agreed-upon scope of work. Price will be quoted prior to initiation of service. Please see further information on CS Argentina products and services, especially designed for U.S. companies to successfully enter this market, under Services Offered by the Commercial Service Argentina below. Establishing an Office Return to top Foreign companies may carry out any single transaction. To carry on a habitual activity, a foreign company must establish a branch (sucursal) in Argentina. An individual must be appointed as the company's legal representative, but assignment of capital to the branch is not necessary. Legal Structures Commonly Used by Investors Regardless of whether they are associated with local investors, foreign investors may do business in Argentina as individuals or through corporations, branches of foreign corporations, limited liability companies, limited partnerships, general partnerships and "joint ventures". Foreign corporations often operate in Argentina through a separately incorporated subsidiary rather than through a branch, primarily to reduce their potential liability. If a branch is used, all of the foreign corporation's assets, not only its Argentine assets, may be subject to potential liability. In contrast, if an Argentine or foreign subsidiary were used, the foreign corporation's liability would generally be limited to the assets owned by that subsidiary. Registration Procedures: a law effective throughout Argentina regulates Corporations. Corporations are set up with the approval of at least two legal or natural persons, whether Argentine or foreign. A corporation may not be a partner in a partnership. A corporation can usually be established within three to four weeks if capital is supplied only in cash. If supplied in 3/4/2008
Page 1 and 2: Doing Business in Argentina: 2008 C
Page 3 and 4: 3/4/2008 Argentina’s banking syst
Page 5 and 6: 3/4/2008 The zero percent import du
Page 7 and 8: Return to table of contents Chapter
Page 9: Policy Short-term Short/Medium Term
Page 13 and 14: approximately 87 percent of the tot
Page 15 and 16: more limited and delivery is a grow
Page 17 and 18: Goods: Preference will be given to
Page 19 and 20: material, input, or material needed
Page 21 and 22: terminals at international airports
Page 23 and 24: As in many countries, personal rela
Page 25 and 26: "Clarin", "La Nacion", and "Ambito
Page 27 and 28: Av. de Mayo 605, Piso 3 C1084AAB Bu
Page 29 and 30: Business Facilitation Service: CS A
Page 31 and 32: organizations, both Argentine or U.
Page 33 and 34: available in Chapter 9: Contacts, M
Page 35 and 36: Agricultural Machinery, Equipment a
Page 37 and 38: Electric Power Systems Overview Ret
Page 39 and 40: Food Processing and Packaging Equip
Page 41 and 42: Information Technology Overview Ret
Page 43 and 44: Other market conditions will foster
Page 45 and 46: market. The market has been growing
Page 47 and 48: Mining Sector Specialist at the U.S
Page 49 and 50: significantly smaller than in the U
Page 51 and 52: A gradual recovery has taken place
Page 53 and 54: Best sales prospects for U.S. elect
Page 55 and 56: Travel and Tourism Services Overvie
Page 57 and 58: Telecommunications Equipment and Se
Page 59 and 60: Agricultural Sectors Return to top
Page 61 and 62:
Food Ingredients Overview Return to
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Pioneer Argentina: www.pioneer.com/
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Average Tariff Rates by Type of Pro
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In 2006, there was a significant in
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3/4/2008 Certain imported goods for
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Please note that VAT and Profits Ta
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3/4/2008 Goods covered by Decree 73
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A fax of the commercial invoice may
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you through this process. You may a
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violate export control laws is foun
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Initial period: 1 year Extension: 1
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Article 6: - Importers, manufacture
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emanufactured) and certified by a "
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3/4/2008 Normalizacion) --composed
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3/4/2008 continuing shortage of ind
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3/4/2008 Record No. S01:0116093/200
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3/4/2008 Internet: www.anmat.gov.ar
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subject to the orders, guidelines o
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In January 2002, the government end
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The GOA has established a number of
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legality of this pesification decre
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deterrent penalties such as prison
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Law 17811 of 1968 regulates public
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A recent ACO investigation of GOA p
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Foreign-Trade Zones/Free Ports Retu
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Argentine Parliament (www.diputados
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Registry of Foreign Investments. Fo
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Local bankers report that the major
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The International Bank for Reconstr
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total project costs for new venture
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Return to table of contents Chapter
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C1104AC) Buenos Aires, Argentina Ph
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Buenos Aires has a large number of
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Travelers should note that since Ar
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Internet: www.buyusa.gov/argentina/
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U.S. Department of Commerce Trade I
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(Argentine Chamber of Importers) Mr
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(Ministry of Federal Planning, Publ
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C1020AC Buenos Aires Switchboard: (
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25 de Mayo 487, primer piso C1002AB
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C1036AAJ Buenos Aires Phone: (54-11
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Fax: (54-11) 4312-7184 E-mail: mdem
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E-mail: fargosi@fibertel.com.ar BAS
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Bolivar 332, Piso 6 C1088AAH Buenos
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Mr. Klaus Bertram, President 25 de
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EXOLGAN TERMINAL PORTUARIA S.A. Mr.
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C1006ACI Buenos Aires Phone: (54-11
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Fax: (54-11) 4131-3900 E-mail: info
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www.starwoodhotels.com/sheraton/pro
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