Argentina

Ease of Doing Business in

Argentina

This page summarizes Doing Business 2014 data for Argentina. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Latin America & Caribbean
Income Category Upper middle income
Population 41,086,927
GNI Per Capita (US$) 9,740
City covered Buenos Aires (Ciudad autonoma de)
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
126 121 down -5

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Change in DTF** (% points)
55.79 55.75 down 0.04
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.
 

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2014 Rank 164 DB 2013 Rank*** 155 Change in Rank down-9
DB 2014 DTF** (% points) 68.77 DB 2013 DTF** (% points) 69.68 Change in DTF** (% points) down-0.91

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Argentina Latin America & Caribbean OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
14 9 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
25.0 36.1 11.1

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
19.9 33.1 3.6

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in Min. Capital (% of income per capita)
5.7 3.6 10.4
No. Procedure Time to Complete Associated Costs
1 The name of the company is verified by the Office of Corporations (Inspección General de Justicia) (IGJ) 1 day ARS 150
2 Certify signatures of partners by a notary public 1 day Approximately ARS 1000 to ARS 1500 (cost of 5 notarized signatures)
3 Deposit initial capital in National Bank (Banco de la Nación Argentina) and obtain proof of payment 1 day ARS 30 (VAT excluded)
4 Publish the new company’s notice in the official paper (Boletín Oficial) 1-3 days approximately ARS 2,500 (expedited publication fee)+ ARS 100 (legalization of signature)
5 Payment of the incorporation fee 1 day ARS 100
6 Registration with the Public Registro of Commerce of the City of Buenos Aires 5 to 10 days (expedited procedure) ARS 2,400 for expedited procedure
7 Buy special books 1 day fees included in procedure 8
8 Get a form from the Public Notaries College and have a notary public submit the company books for rubrication by the General Inspection of Justice (IGJ) 5 days (urgent filling) ARS 2350
9 Corporate manager needs to obtain a Fiscal Code (Clave Fiscal) 1 day no charge
10 Obtain a tax identification number (CUIT) from the National Tax Office (Administración Federal de Ingresos Públicos, AFIP) and register for social security 4 days no charge
11 Register turnover tax at local level at the Dirección General de Rentas (DGR) in the City of Buenos Aires Less than one day (online procedure) ARS 50
12 Register with the Sistema Unico de Seguridad Social (SUSS) Less than one day (online procedure) no charge
13 Contract an insurance for employees with a risk labor company (ART, Aseguradora de Riesgos del Trabajo) 1 day no charge
14 Rubricate books of wages in the Ministerio de Trabajo (Ministry of Labor) 1 day ARS 75

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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