Argentina

Corporation- minimum capital required- AR $100,000

• The corporation is managed by a board of directors (who may also be shareholders).
• They may be appointed for a fixed term not exceeding three fiscal years. In case of a plural BOD, they must appoint a chairman and a vice-chairman in their first meeting to replace the chairman in case of absence or impediment. The chairman is the legal representative of the company, and the BOD must meet at least once every three months. The bylaws must regulate the constitution and operation of the board of directors. The quorum may not be less than the absolute majority of its members.

LLP- should be adequate for developing company’s purpose

• It is managed by one or more managers (who may also be partners). They may be appointed for a fixed term or indefinitely. Customarily, managers are appointed through the bylaws for a limited term. The number of managers may be as low as one and may increase or decrease from time to time. The administration and representation of the company corresponds to one or more managers. If the management is plural, the contract may establish the functions that each manager is responsible for in the administration or impose joint or collegiate administration. In the case of silence, it is understood that all managers are legal representatives and can act on behalf of the company

Branch of a foreign company- not mandatory to allocate capital

• The foreign branch in Argentina is not considered a separate legal entity, but an extension of the overseas parent company. Setting up a branch is ideal for companies who wish to establish a limited business presence in the company before making a larger investment commitment. Liability of the foreign branch rests entirely on the parent company. If the foreign branch has a permanent establishment in Argentina, then profits are liable to the Argentine Corporation tax.