In addition to laws that protect foreign investors, Argentina has a number of regimes designed to promote direct investments and economic development by both domestic and foreign investors: 1. Investment Incentives for Capital Goods and Infrastructure 2. Sector Incentives 3. Provincial and Regional Incentives 4. Incentives for Innovation and Technology Development 5. Main employment and Training Incentives 6. Financial Programs 7. Export Promotion This document was produced by ProsperAr, Argentina´s Investment Development Agency. If you need further assistance contact us at info@prosperar.gov.ar or use our website www.prosperar.gov.ar.

1. Investment Incentives
Argentina’s Investment Development Agency
Argentina, 2009
August 2009

2. Investment Development Agency
Argentina, August 2009
This new investment incentives guide was developed
with ad honorem collaboration of Deloitte.
Argentina´s National Investment Development Agency is not responsible for errors or omissions of the information
provided. The Agency has the right to revise, ammend, alter or eliminate, at any time, the information contained in this
guide. The Agency is not responsible for these revisions, ammendments, alteration or changes.

3. Incentives for Productive Investment
In addition to laws that protect foreign
investors, Argentina has a number of
regimes designed to promote direct
investments and economic development
by both domestic and foreign investors.
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S

4. 1. Investment Incentives for Capital Goods and Infrastructure
1.1. Investment promotion law
1.2. Exemption from import duties on capital goods
1.3. Reduced VAT on capital goods
1.4. Incentives for national production of capital goods, IT, telecom and agricultural
machinery
1.5. Import regime for large industrial investment projects
1.6. Import regime for used capital goods
1.7. Temporary import of capital goods
2. Sector Incentives
2.1. Automotive promotion regime
2.2. Software industry promotion regime
2.3. Promotion of state-of-the-art biotechnology development and production
2.4. Biofuels promotion regime
2.5. Mining promotion regime
2.6. Forestry regime
2.7. Hydrocarbon exploration and exploitation incentive program
2.8. Public infrastructure works
3. Provincial and Regional Incentives
3.1. Provincial incentives
3.2. Free trade zones (FTZ)
4. Incentives for Innovation and Technology Development
5.1. Overall plan for the Promotion of Employment: “More and Better Jobs”
5.2. Training and Competencies Certification Program
5.3. Tax credit for Small and Medium-Sized Enterprises Training
5.4. Technical Education Regime
5. Main employment and Training Incentives
5.1. Benefits for Hiring New Employees
5.2. Benefits for Training People
6. Financial Programs
6.1. National bank credit lines (BNA)
6.2. Credit lines for Investments from the Investment and Foreign Trade Bank (BICE)
6.3. Federal Investment Fund
6.4. Government-subsidized credit
6.5. National Development Fund for Micro, Small and Medium-Sized Enterprises
7. Export Promotion
7.1. Exports refunds
7.2. Drawback
7.3. Temporary admission regime
7.4. Turnkey export contract
7.5. Factory customs (RAF)
7.6. In-House customs
7.7. Reimbursements of exports from ports in Patagonia
7.8. Export assistance from the Office of the Deputy Secretary of SMEs
7.9. Fundación ExportAr
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S

5. 1. Investment Incentives for Capital Goods and Infrastructure
1.1. Investment Promotion Law
Regulatory
Law Nº 26.360
Framework
On April 2008, the Executive Branch has implemented Law 26360 to grant investors the benefits of:
• Accelerated reimbursement of value added tax (VAT) paid on purchases of capital goods and other
Main materials related to investment projects; and/or
Characteristics • Accelerated depreciation for machinery and equipment related to investment projects
• Accelerated depreciation reduces the tax burden during first years of the project.
Export-oriented projects and those that are environmentally friendly may apply for both incentives; for
other types of projects, companies have to choose one. The law will be in force until September 2010.
For further
Please contact: www.infoleg.gov.ar
information
1.2. Exemption from Import Duties on Capital Goods
Regulatory
Resolution Nº 8/2001 as amended, Decree 509/2007 and Resolution 15/2007 (MECON)
Framework
Tax-free imports of capital goods: resolution 8/2001 of the Ministry of Economy and Production sets
Main
a 0% import duty on a broad range of capital goods--most of these goods fall under chapters 84, 85,
Characteristics
86, 87, 89, 90 and 94 of Mercosur’s Harmonized Tariff System (HTS). The exemption applies only to
imports of new equipment.
For further Enforcement authority: Customs Administration
information Please contact: www.afip.gov.ar
1.3 Reduced VAT on Capital Goods
Regulatory
Decree 493/2001, Decree 496/2001, Decree 615/2001, Decree 733/2001 and Decree 959/2001
Framework
Main
Reduced VAT (10.5% compared to 21%) on the sale or import of finished capital goods and computer
Characteristics
and telecommunications hardware (including parts and components).
For further Enforcement authority: Federal Administration of Public Revenue
information Please contact: www.industria.gov.ar
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S

6. 1.4. Incentives for national production of capital goods, IT, telecommunications and agricultural machinery
Regulatory
Decree 379/2001 as amended and Decree 2316/2008
Framework
The incentives regime for investment and national production of capital goods and agricultural
Main Characteristics
machinery establishes a 14% reimbursement for local producers in the form of a fiscal bonus that
may be used to pay VAT, income taxes, asset taxes and excise taxes.
For further Enforcement Authority: Secretary of Industry, Trade and Small and Medium-Sized Enterprises
information Please contact: www.industria.gov.ar
1.5. Import Regime for Large Industrial Investment Projects
Regulatory
Decree 256/2000 as amended
Framework
Main
Zero tariffs for imports of capital goods that are part of an autonomous and complete production
Characteristics
line. The regime allows to import spare parts up to 5% of the line’s FOB Value.
For further Enforcement authority: Secretary of Industry, Trade and Small and Medium-Sized Enterprises
information Please contact: www.comercio.gov.ar
1.6. Import Regime for Used Capital Goods
Regulatory Resolutions 511/2000, 157/2003, 255/2003, 353/2004, 78/2006, 86/2007, 18/2007, 40/2008 and
Framework 42/2008
Main The regime allows imports of used capital goods classified under chapters 84-90 of the HTS. These
Characteristics goods will pay a reduced tariff of 6% compared to the common 28%, with the condition that they
form part of an autonomous production line.
For further Enforcement Authority: Secretary of Industry, Trade and Small and Medium-Sized Enterprises
information Please contact: www.comercio.gov.ar
1.7. Temporary Import of Capital Goods
Regulatory
Law Nº 22.415, Decree 1001/1982, and DGA Disposition 34/1998.
Framework
Main The regime allows the temporary importation of capital goods to a customs area, with a specific
Characteristics purpose and for a stipulated period of time. Once in customs, capital goods should be re-exported
before the pre-specified due date.
For further Enforcement authority: Customs Administration
information Please contact: www.infoleg.gov.ar
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S

7. 2. Sector Incentives
2.1. Automotive and Autopart Promotion Regime
Regulatory
Law Nº 26.393
Framework
Main Characteristics • Cash reimbursement: through Decree 774/05, the Argentine government implemented a
program of fiscal benefits for vehicles produced domestically and that have imported parts
whose value do not exceed 30% of the wholesale price of the final product. Specifically, a
company manufacturing vehicles in Argentina will receive a cash reimbursement equivalent to
8% of the value of the locally produced parts being purchased. This percentage will be reduced
to 7% in the second year of production and to 6% in the third year.
• The “Flex” Mechanism: Argentina and Brazil signed an agreement in June 2008 which was
implemented in July 2008 and will be terminated in June 2013. The ”flex” mechanism, which
determines the level of bilateral trade flows that are tariff-exempt, was modified from US$ 2.6 of
Brazilian imports for every US$ of Argentine exports to the current level of US$ 1.95. Tariffs will apply
when this level is exceeded. The Common External Tariff (CET) was maintained between 14 and 16%.
• Trade with Mexico: In 2006, Argentina and Mexico eliminated all bilateral trade barriers in
automobile trade. Furthermore, in June 2006 Argentina and Mexico eradicated hundreds of tariff
items in the autoparts sector.
For further
Please contact: www.industria.gov.ar
information
2.2. Software Industry Promotion Regime
Regulatory
Law 25922 and Law 25856
Framework
Main Characteristics Software design, development and production are considered to be industrial activities for tax
or credit purposes and any other kind of benefits the national government may provide to the
industrial sector. Law 25922 specifies the most important incentives for the software industry :
• Ten year fiscal stability including national direct taxes, duties and special contributions, meaning
a company’s aggregate national tax liability will not be increased over the mandated period once
it is accepted into the program.
• Non-refundable and non-transferable fiscal credit for employer social security contributions paid
(up to 70%), which may be used to pay federal tax liabilities, excluding the corporate income tax
(CIT).
• A 60% reduction of a company’s CIT liability during each fiscal period will be granted if they
can prove they have incurred expenses related to research and development and/or quality
certification processes and/or export of software in the terms and conditions to be set forth.
• Exemption from import duties on hardware and IT components.
Requirements:
• More than 50% of the employees or the company’s total wage expenditures must be related to
software development activities.
• Software development must be the company’s main activity (software developed for inhouse
use is excluded from the benefits)
For further Enforcement Authority: Secretary of Industry, Trade and Small and Medium-Sized Enterprises;
information Ministry of Production
Please contact: www.industria.gov.ar
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S

8. 2.3. Promotion of State-of-the-Art Biotechnology Development and Production
Regulatory
Law 26270
Framework
Main Characteristics Law 26270 offers the following incentives on the research, development and production of
biotechnology applicable to certain production processes:
• Accelerated depreciation of capital goods, equipment, parts and components
• Early reimbursement of VAT paid on the purchase of capital goods, equipment, parts and
components.
• Listed property shall not be taxable under the minimum presumed income tax.
• Fiscal credit on employer’s social security contributions paid (up to 50%)
• Fiscal credit for purchases of research and development services from institutions under the
science, technology and innovation national public system (up to 50%)
For further
www.infoleg.gov.ar
information
2.4. Biofuel Promotion Regime
Regulatory
Law 26093, Executive Order 109/2007
Framework
Main Characteristics The public sector recognizes Argentina offers opportunities for biofuel development and has
provided a national law to promote biofuels (Law 26093 ruled by Decree 109/2007). Starting in
2010, the law establishes an obligatory blend of 5% of biodiesel for diesel fuels and of bioethanol
for gasoline. The law also grants the following fiscal Incentives:
• Early reimbursement of VAT and/or accelerated depreciation allowance for capital goods and
infrastructure
• Exemption on the minimum presumed income tax (tax paid on a company’s estimated annual
revenue and that can be deducted at time of the CIT submission) for the first three years
• Exemption on the hydro infrastructure tax and the liquid fuels and natural gas tax.
For further Enforcement Authority: technical aspects - Ministry of Federal Planning, Public Investment and
information Services; taxation issues - Federal Administration of Public Revenue
Please contact: www.minplan.gov.ar
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S

9. 2.5. Mining Promotion Regime
Regulatory Law 24196, Law 25429, Law 25161, as amended. Law 1919, Executive Order 456/1997, Law 25225
Framework
Main Characteristics It offers the following fiscal incentives for mining activities:
• Double deduction of exploration expenses: including feasibility studies, prospecting, exploration,
special studies, pilot plant tests, applied research and other tests.
• VAT reimbursement: VAT credits on all exploration expenses will be reimbursed after a twelve-
month period.
Also, there are extraction and production incentives:
• Fiscal stability: once a company’s feasibility study is submitted to and approved by the National
Mining Authority, a 30-year fiscal stability period will be granted.
• Accelerated depreciation: investment made on equipment, construction and infrastructure can be
depreciated during the first three years of operations. Fixed assets, including machinery, vehicles and
facilities can be depreciated at one-third of their value per year beginning with the startup year.
• Duty exemptions on imports: registered mining companies are exempt from any import duty or
tariff on capital goods, special equipment or parts and any inputs to be used in the development
of the mining process. Companies in mining-related services may also apply for this benefit.
• Tax exemptions and deductions: earnings derived from mining rights that are used to increase
equity are exempt from CIT. In addition, companies are exempted from the minimum presumed
income tax. Also, firms may have access to tax exemptions at provincial and municipal levels.
• VAT refund: applies to the purchase or import of new capital goods and investment in
infrastructure to be used as part of the mining production process.
For further Enforcement Authorities: Office of the Secretary of Mining, Ministry of Federal Planning, Public
information Investment and Services
Please contact: www.mineria.gov.ar
2.6. Forestry Regime
Regulatory
Law 25080, Law 25509
Framework
Main Characteristics Law 25080 grants the following fiscal and economic benefits to forestry-related investments:
• Fiscal stability: a 30-year period of fiscal stability is granted by the national government. This
30-year period may be extended an additional 20 years.
• Accelerated Depreciation: investment in equipment, construction and infrastructure can be
depreciated during the first three years of operations. Fixed assets, including machinery, vehicles and
facilities can be depreciated at one third of their value per year beginning with the start up year.
• VAT refund: applies to the purchase or import of goods or services to be used in the production process.
• Non refundable financial aid: companies that own less than 500 hectares can receive non
refundable financial aid on a per hectare basis, in an amount that depends on the region, tree
specie and the specific forestry work to be performed.
For further
Please contact: www.sagpya.gov.ar
information
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S 9

10. 2.7. Hydrocarbon Exploration and Exploitation Incentive Program
Regulatory
Law 26154
Framework
Main Characteristics All the areas granted under Law 25943 and those with a geological potential over which there
are no current third-party rights granted by Law 17319 are part of the promotion system. They
follow the categorization below: areas in the continental shelf, 15 years; areas in non-developing
sedimentary basins, 12 years; areas in developing sedimentary basins, 10 years.
The benefits of the current system are as follows:
• Early VAT refund: the early credit or refund provided for by Law 25924 will be applicable to the
total amount of expenditure and investment made during the exploration phase and investments
made during the exploitation phase.
• Income Tax: all expenses to be capitalized and investments made during the exploration
phase and the investments made during the exploitation phase will be depreciated in three
annual identical and consecutive portions, counting from the year when such expenditure and
investment were incurred and made.
• Assets belonging to companies with exploration permits and exploitation concessions granted
under this law will not be considered in the calculation of the taxable base for the minimum
presumed income tax for a maximum of three years as from the award date.
• Exemption from payment of import duties and any other duty, levy or rate for imports of capital
goods not manufactured in Argentina that are necessary for exploration.
For further Enforcement Authority: Secretary of Energy and Mining
information
Please contact: www.minplan.gov.ar
2.8. Public Infrastructure Works
Regulatory
Executive Orders 966/2005 and 967/2005
Framework
Main Characteristics Two alternative plans have been defined to promote private involvement in infrastructure works to
incentivate investment in infrastructure in the country.
• National Regime for Private Initiatives: to promote private capital involvement in the execution
of public infrastructure works, concessions, public utilities or licenses. Submission of projects is
spontaneous and, should the government consider a proposal to be of public interest, it will call for
bids. The particularity of this regime is that whoever proposed the project has first priority to be
awarded the bid.
• Regime for Private–Public Cooperation: the government becomes involved in projects as a
partner. The association can take any form permitted under Argentine legislation. The government’s
contribution can be realized through a cash injection, tax benefits, rights granted to public assets
or other assets pertaining to government ownership, etc. In this case, projects are presented by
government agencies and bids are called to select the private partner.
For further
Please contact: www.infoleg.gov.ar
information
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S 10

11. 3. Provincial and Regional Incentives
3.1. Provincial Incentives
It is possible to obtain fiscal incentives under promotional schemes sponsored by various provincial
governments. There are differences among these regimes but generally they take the form of a
waiver, exemption or reduction in local taxes (turnover tax, stamp duty and real estate tax), support
Main Characteristics for infrastructure and equipment purchases, and/or preferential treatment for the purchase, rental
or lease of public property.
Access to these regimes is evaluated on a case-by-case basis with each specific provincial
government. At the same time, provinces have business support infrastructure such as industrial
parks.
3.2. Free Trade Zones (FTZ)
Regulatory
Law 24331 as amended
Framework
Free Trade Zones offer exporters the possibility to import the necessary equipment to build a
“turnkey operation” within the FTZ free of customs duties, statistical fees and VAT. Furthermore,
exporters manufacturing within the FTZ enjoy the benefit of buying supplies and raw materials from
third countries without having to pay duties.
By exporting through a FTZ, companies not only are exempt of all export duties but also they enjoy
Main Characteristics
all other available incentives at the national level. In addition, companies operating in a FTZ may
face lower production costs, due to the VAT exemption and lower internal taxes on utilities such as
electricity, gas, water, and telecommunication.
Currently, there are FTZs in Buenos Aires (La Plata), Córdoba (Córdoba), Chubut (Comodoro
Rivadavia), La Pampa (General Pico), Mendoza (Luján de Cuyo), Misiones (Puerto Iguazú), Salta
(General Güemes), San Luis (Justo Daract), and Tucumán (Cruz Alta).
For further Enformcement Authority: Secretary of Industry, Trade and Small and Medium-Sized
information Please Contact: www.comercio.gov.ar
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S 11

12. 4. Innovation and technological development incentives
4.1. Argentine Technology Fund (FONTAR)
It supports projects designed to improve productivity in the private sector through technological
Main Characteristics
innovation. There are various funding facilities available through public calls for applicants or
permanent window submissions.
For further Enformcement Authority: National Promotion Agency of Science and Technology
information Please contact: www.agencia.mincyt.gov.ar
4.2. Software Industry Fiduciary Fund (FONSOFT)
The fiduciary fund created by Law 25922, grants credits to:
• Research and development programs, related to activities included in the Software Promotion
Main Characteristics Regime (software systems design, development, production and implementation);
• Tertiary or high-level training programs;
• Programs intended to improve the quality of design, development and production of software
processes.
For further Enforcement Authority: National Promotion Agency of Science and Technology
information Please contact: www.agencia.mincyt.gov.ar
4.3. Scientific and Technological Research Fund (FONCYT)
The fund supports research projects aiming to create new scientific knowledge and technological
Main Characteristics
know-how. There are various promotion instruments and funds awarded, in all cases, through
government bids for applicants.
For further Enforcement Authority: National Promotion Agency of Science and Technology
information Please contact: www.agencia.mincyt.gov.ar
4.4. Federal Science and Technology Council (COFECYT)
COFECYT promotes a harmonious development of scientific, technological and innovative activities
Main Characteristics nationwide. The council has various funding facilities available: institutional strengthening projects;
federal production innovation projects (PFIP); federal projects for productive innovation-productive
interlinking (PFIP-ESPRO).
For further
Please contact: www.cofecyt.secyt.gov.ar
information
4.5. Promotion and Encouragement of Technological Innovation
The National Executive Branch annually sets out a quota of tax credits that can be used to pay
Main Characteristics national taxes (income tax), for an amount no higher than 50% of the project’s total investment,
and are to be used in equal parts over a three-year period. Furthermore, contributions from the
National Treasury can be provided, which will be awarded to be paid back without accruing interest.
For further
Please contact: www.mincyt.gov.ar
information
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S 12

13. 5. Main Employment and Training Incentives
Programs Administered by Ministry of Labor (ML)
5.1. Benefits for Hiring New Employees
A company hiring a beneficiary of the Employment and Training Insurance (ETI) could deduct from the worker’s net salary
the amount received in the form of ETI. In addition, there will be a reduction in employer’s contributions given that those
will be calculated based on the salary actually paid by the company, not including the amount covered by the ETI.
Amounts to the deducted for those benefiting from ETI:
1. Up to 45 years old:
• Women: AR$400 from months 1 through 3 and AR$600 from months 4 to 6.
• Men: AR$400 during the first 6 months
2. Older than 45 years old:
• Women: AR$400 from month 1 to 3; AR$600 from month 4 to 6; and AR$800 from months 7 to 9.
• Men: AR$400 during the first 9 months.
Program for More and Better Employment (YPMBE)
A company hiring a beneficiary of the Young’s Program for More and Better Employment (YPMBE) could deduct from the
worker’s net salary an amount of AR$400 which will be paid by the ML in the form of direct payment for a period of 6
months.
5.2 Benefits for Training People
A company providing training to a beneficiary of the Employment and Training Insurance (ETI) could deduct from the worker’s
net salary the amount of AR$400 to be paid directly by the ML. In addition, the ML will reimburse AR$150 for 4 hours/trainer
in a monthly basis and AR$225 for 6 hours/trainer/month during the whole training period.
Fiscal Credit
A company may obtain up to a AR$300,000 fiscal credit (Fiscal Credit Certificates) when incurring expenses related to
strengthening the skills of employed and unemployed workers. In case of a small and medium size enterprise (SME), the
fiscal credit would amount to 8% of the total amount paid in annual wages and salaries, including employers’ contributions.
For large enterprises, the fiscal credit will amount to 8 per thousand of the total amount paid in annual wages and salaries,
including employers’ contributions.
Training Qualifying for the Benefits:
• Professional Training
• Basic Concepts in Information Systems
• Certification of primary, secondary, tertiary, and superior education programs
• Evaluation and Certification of specific skills
• On the job training
Sectoral
A company may design a customized training program to satisfy its own needs and that will be in line with sectoral needs. In
that case, the ML could cover the cost of hiring trainers, teaching materials, equipment, and travel, among other items.
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S 1

14. 6. Financial Programs
6.1. National Bank Credit Lines
Banco de la Nación Argentina, the national bank, grants credit lines to SMEs, including credits to
Main Characteristics purchase capital goods, working and investment capital (to cover production and sales expenses);
financing of imports and tourism (including the construction of new hotels, facilities and
equipment). It also provides leasing and sale and factoring services for SMEs.
For further Agency: Banco de la Nación Argentina
information Please contact: www.bna.com.ar
6.2. Credit Lines for Investments from the Investment and Foreign Trade Bank (BICE)
BICE’s objective is to promote productive investments and Argentine companies’ foreign trade.
Main Characteristics
BICE, among other things, grants credit lines to purchase imported and local capital goods, and
provides financing for assets and service investment projects, as well as productive upgrading.
For further Agency: Banco de Inversiones y Comercio Exterior
information Please contact: www.bice.com.ar
6.3. Federal Investments Fund
A financial instrument of the Federal Investment Council (CFI) designed to assist the private sector
Main Characteristics
through credit lines for the deployment of specific projects or programs at pre-investment and
investment stages.
For further Agency: Consejo Federal de Inversiones (Federal Investment Council)
information Please contact: www.cfired.org.ar
6.4. Government-Subsidized Credit
To facilitate SMEs’ access to credit, the government has created a system through which it takes
over part of the financial cost of loans banks grant to Argentine SMEs.
Funding may be allocated to:
Main Characteristics
• Purchasing new capital goods by means of a loan or a lease and sale facility, to working capital,
the prefinancing and funding of asset and service exports.
• Creation and development of new ventures
• Industrialization of assets and services developed through technological innovation.
• Scientific and technological research, production upgrading and innovation.
For further
Please contact: www.sePyME.gov.ar
information
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S 1

15. 6.5. National Development Fund for Micro, Small and Medium-sized enterprises (FONAPyME)
The objective of the National Development Fund for MiSMEs (FONAPyME) is to make capital
investments and provide medium and long term funding. It is designed for the existing or future
Main Characteristics micro, small and medium-sized enterprises and other partnering efforts. Loans are multi-sector
allocated and investments are intended for brand-new and used fixed assets, as well as for working
capital for projects. They are oriented toward the domestic market, especially emphasizing import
substitution with a high impact on regional development, job creation and added value.
For further
Please contact: www.sePyME.gov.ar
information
7. Export Promotion
7.1. Export Refunds
Regulatory
Executive Order 1011/1991, Executive Order 2275/1994, Executive Order 690/2002.
Framework
Th e export refunds consist in the total or partial refund of amounts withheld paid at the various
production and trading stages for locally manufactured brand-new goods to be exported. This is
compatible with other export promotion systems.
The VAT credit refund for purchases linked to exports may be recovered through one of the
Main Characteristics following mechanisms:
• Offset: against own debits produced by transactions in the domestic market.
• Accreditation: against other tax liabilities generated by transactions and owed by the exporter as
taxes to DGI (Internal Revenue Service).
• Transfer: of the VAT credit to another taxpayer.
• Refund: in cash or in securities.
For further Enforcement Authority: Customs Administration
information Please contact: www.afip.gov.ar
7.2. Draw Back
Regulatory Executive Order 177/1985, Executive Order 1012/1991, Executive Order 2182/1991, Resolution
Framework 177/1991, Resolution 288/1995, Resolution 1041/1999, Executive Order 313/2000
Main Characteristics This system allows for the total or partial recovery of customs duties and VAT paid for imported
goods that have been industrially improved and exported for consumption in third countries.
For further Enforcement Authority: Customs Administration
information Please contact: www.afip.gov.ar
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S 1

16. 7.3. Temporary import admission for industrial improvement purposes
Regulatory
Executive Order 1330/2004 as amended.
Framework
The temporary import without payment of customs duties of goods which are to be industrially
Main Characteristics
improved, subject to the requirement the goods be re-exported in the new resulting form of the
item for consumption overseas.
For further Enforcement Authority: Secretary of Industry, Trade and Small and Medium-sized Enterprises
information Please contact: www.comercio.gov.ar
7.4. Turnkey Export Contract
Regulatory
Law 23101, Executive Order 870/2003, Resolution 12/2004.
Framework
Main Characteristics
Exports in the turnkey fashion (including related services) receive a predetermined reimbursement.
Enforcement Authority: Office of the Secretary of Industry, Trade and Small and Medium-Sized
For further
Enterprises
information
For further information: www.comercio.gov.ar
7.5. Factory Customs (RAF)
Regulatory Executive Order 688/2002, Executive Order 2722/2002, Joint Resolution 14/2003 - 1424/2003,
Framework Joint Resolution 54/2003 – 1448/2003, Resolution 1553/2003.
The Factory Customs System (RAF) provides for a more straightforward and expanded temporary
Main Characteristics imports system. It allows companies under the system to import certain goods and add them
to products for export, re-exporting them without any transformation or importing them for
consumption, paying no taxes until the transactions are complete.
Enforcement Authority: Federal Administration of Public Revenue, Office of the Secretary of
For further
Industry, Trade and Small and Medium-Sized Enterprises
information
Please contact: www.afip.gov.ar
7.6. In-House Customs
Regulatory
Resolution 596/1999, Resolution 800/2000, Resolution 14/2003.
Framework
Under this regime, goods can be imported or exported directly from the company’s warehouse
The payment of duties and tariffs is made when goods leave the warehouse to be imported for
Main Characteristics
consumption or when they are exported.
The company is required to have a pre-specified sales volume and a clean fiscal track record to
apply for the benefits.
For further Enforcement Authority: Customs Administration
information Please contact: www.afip.gov.ar
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S 1

17. 7.7. Reimbursements of Exports from Ports in Patagonia
Regulatory
Law 23018, Law 24490, Law 25454, Law 25731.
Framework
The system establishes that goods from the region south of the Río Colorado River and exported
Main Characteristics
from one of the ports included in Law 23018 will receive an additional or supplementary
reimbursement.
For further Enforcement Authority: Federal Administration of Public Revenue
information Please contact: www.afip.gov.ar
7.8. Exports Assistance by the Office of the Deputy Secretary of SMEs and Regional Development
The Office of the Deputy Secretary has various support programs for SMEs’ efforts to form
partnerships and expand internationally:
Main Characteristics
• Support program for exporter groups and coalitions
• Support program for first-time exporters
• Pro-Argentina Web Site (www.proargentina.gov.ar)
For further Enforcement Authority: Office of the Deputy Secretary of SMEs and Regional Development
information Please contact: www.sePyME.gov.ar
7.9. Fundación ExportAr
Fundación Export.Ar is an institution integrated by the public and private sectors, focused on
assisting the business community in their endeavors to successfully trade their competitive products
overseas with the vision to gain access to exports markets, expanding and diversifying their exports.
Main Characteristics
All of this is supported by the Ministry of Foreign Affairs, International Trade and Worship through
120 Embassies, Consulates and the economic / trading departments of the various Argentine
representations worldwide.
For further Enforcement Authority: Fundación Exportar.
information Please contact: www.exportar.org.ar
A R G E N T I N A’ S I N V E S T M E N T D E V E L O P M E N T AG E N C Y - I N V E S T M E N T I N C E N T I V E S 1

18. For more information:
www.prosperar.gov.ar
info@prosperar.gov.ar
+54-11-4328-9510