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Argentina, the southern Latin American country has transitioned away from its protectionist past is now an attractive place to hire local staff and engage in commercial operations. The region boasts a highly educated population and one of the regions with the greatest levels of English Fluency in Latin America, making the prospect of beginning business activities in the region that much more attractive.
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Key Considerations: Employment
Find below, some of the key considerations that should be taken into account before contracting staff in Argentina
Yes – 3 months
Is there an employee
probation period?
Yes
Do staff need a local
employment
contract?
Yes
Can expatriate staff
be hired?
Minimum of 14
days per annum
Vacation
entitlement
Max employer
contribution is 32%
Total cost of
employment
Employers - they
must also pay
employee’s social
security
Who manages
withholding tax?
• Christmas Bonus
• Medical Insurance
• Life Insurance
• Savings fund
Employee benefits
4. Forming a Legal Entity in Argentina
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In Argentina, there are (3) main types of legal entities:
Corporations (S.A), Limited Liability Companies (SRL), and Simplified Shares Company (S.A.S)
Advantages:
• Greater control of your employees
• Better knowledge of local market,
laws and regulation
• Viewed more positively than a
PEO solution
Disadvantages:
• High set-up/ongoing costs
• Administration involved in
managing a local company
• Accounting and tax obligations
5. Professional Employer Organization
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Advantages:
• You can operate without forming
and maintaining a local entity
• Limited legal responsibility
• Cost-effective way to convert
international contractors into
employees
Disadvantages:
• The PEO becomes a co-employer
• Loss of control
• Costs involved with PEO services
• Compromised company culture
International PEO is a method to employ staff without having your own company
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contact@bizlatinhub.com
Are you looking to hire staff?
As you are now aware, you have two
options to hire staff:
a) Through a Local Legal Entity or
b) Through a PEO solution
Need assistance hiring employees?
Partner with Biz Latin Hub to learn how we can
support you and your business in Latin America
7. Doing Business in Argentina?
Learn More Here!
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Corporate Law Firm
Argentina: How Can
We Help With Doing
Business?
Tips From Our Lawyer
– Company Formation
Argentina
What are the
Business/Company
Accounting and
Tax Requirements
in Argentina?