Argentina

Ease of Doing Business in

Argentina

This page shows summary Doing Business 2012 data for Argentina. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. 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 40,665,732
GNI Per Capita (US$) 8,450.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
113 114 down 1
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 146 143 up -3
Dealing with Construction Permits 169 171 up 2
Getting Electricity 58 58 No change
Registering Property 139 113 up -26
Getting Credit 67 64 up -3
Protecting Investors 111 108 up -3
Paying Taxes 144 143 up -1
Trading Across Borders 102 104 up 2
Enforcing Contracts 45 46 up 1
Resolving Insolvency 85 82 up -3

Economy Profile

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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 2012 Rank 146 DB 2011 Rank 143 Change in Rank down-3
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)
26 54 12

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)
11.9 37.3 4.7

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.

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Paid-in Min. Capital (% of income per capita)
2.2 4.3 14.1
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 75
2 Certify signatures of partners by a notary public 1 day ARS 650 (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
4 Publish the new company’s notice in the official paper (Boletín Oficial) 1-3 days ARS 2,035 (expedited publication fee)+ ARS 100 (legalization of signature)
5 Payment of the incorporation fee 1 day ARS 30
6 Registration with the IGJ, entity operating the Public Registry of Commerce in the City of Buenos Aires. 5 days ARS 250
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 IGJ 5 days ARS 760
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 1 day ARS 50
12 Register with the Unified System for Labor Registration (USLR) 1 day 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

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