| Process of Incorporation |
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In Argentina the following are offered: |
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Joint Stock Company. |
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Limited Liability Company. |
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Single Member Limited Liability Company. |
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To incorporate a company or legal entity in Argentina, the following steps must be followed: |
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Complete 2 forms online: |
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Form to collect company information (1 document per company). |
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Form to collect information on partners (each partner must fill in the attached document). |
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An executive will contact the client to deliver a quote. |
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Each partner must give the attorney a power of attorney in order to incorporate the company. The draft will be supplied by the executive and can be downloaded below: |
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Power of Attorney for Company Incorporation |
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Send forms to info@marcaria.com.ar or to the Tel: 0800-6663429 (Argentina). The powers of attorney must be sent to: Av. Quinchamalí 14181, Las Condes, Santiago, Argentina. |
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Once the attorney has all the information on the company (forms), with all the powers of attorney granted by the partners and the corresponding payments, the processes to incorporate the Company are carried out. |
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| Basic Aspects of Incorporation of Companies in Argentina |
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Prices
The process of company incorporation is the following: |
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| Business Activity Initiation | |
| Servicio de Domiciliación |
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Basic Plan: | | $ 3656 | |  | | | |
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The Domiciliation Service is an optional service, which offers the possibility of having an address for the creation of the company.
In ARGENTINA it is needed a physical address at the moment of incorporation. In the case the client does not have an address; Marcaria can provide the client with one in order to comply with the requirements and to only receive official mails.
The Domiciliation Services, Basic Plan, is available for 12 months.
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Notes
Notes:
- In case the company has more than 3 members,
please contact us. The price above may have some variations.
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Company Formation Service include:
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Preparation of Power of Attorney (we will provide the model). |
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Obtainment of Identification Number for members that are foreigners (RUT). |
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Preparation of Memorandum and Articles of Association. |
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Publication in official paper (Diario Oficial) of an abstract of the new company. |
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Presentation of Memorandum and articles of Association before the Companies Registry (Conservador de Comercio). |
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Preparation Directors Meeting. President, Secretary, and Treasurer are named. (Only Sociedad Anónima). |
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Registration of Managers. |
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Preparation of Registration Forms. |
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Filing Fees Payment. |
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Certificate of Incorporation send by courier. The cost of sending the Certificate of Incorporation is not include in the total price. The cost will depend of the country to which is sent the Certificate. |
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Once the company is incorporated, the RUT of the company can be obtained and Business Activities may be begun. Please note that the Commencement of Business Activities has a separate charge from the Incorporation of the Company and the service will only be begun when it requested by the client. |
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Requirements
GENERAL: |
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Send us company information (company name, company type, shareholder’s / member’s information, etc.) We will provide you with the form. |
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In case the members are foreigner, send us Power of Attorney. We will provide you the model. |
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Have an address in ARGENTINA. If you don’t have one, we can provide this for you (Domiciliation Service). |
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In case the members are foreigner and don’t have a tax id (RUT), we will obtain one for you. |
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Companies’ don’t a have a minimum company capital required. |
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For business activity initiation you need to have a resident manager. |
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SPECIFICS OF A JOINT STOCK COMPANY |
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Any natural person, legal entity, foreign or national, can incorporate a company. |
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If one of the partners is foreign, the identification number (RUT) must be obtained. |
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Capital is divided into shares. |
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There is no minimum capital necessary to incorporate the company. |
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It is not necessary for the capital to be entirely paid up at the time of the incorporation; however it must be paid in within the period of 3 years. If this does not occur, the company’s capital will be understood to be what was really paid. |
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It is an obligation for Joint Stock Companies to have a Board of Directors: |
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The board of directors is in charge of the administration of the company. |
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The board of directors is comprised of a minimum of 3 directors in the case of Closed Joint Stock Companies; and in the case of Open Joint Stock Companies, a minimum of 5 directors. |
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People resident in the country and foreigners can be directors. |
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The minimum number of shareholders necessary to incorporate a company is 2. There is no maximum. |
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At least two shareholder’s meetings must be held per year, one ordinary and one extra-ordinary. The ordinary meeting must be held between 2 January and 30 April to report on the balance sheet of the previous year. The extra-ordinary meeting can be held on any day of the year, and deals with a specific subject. |
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SPECIFICS OF A LIMITED LIABILITY COMPANY |
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Capital is divided into shares. |
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It is not necessary for the capital to be entirely paid up at the time of the incorporation, but the partners can be obligated by creditors to pay the entire amount of their contribution. |
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The minimum number of partners is 2 people. Limited Liability companies can have a maximum of 50 partners. |
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The administration is carried out by the partners that form the company. Differently from the Joint Stock Company, the Limited Liability Company has no legal obligation to name a board of directors. |
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The Limited Liability Company cannot have the company purpose of the banking business and others indicated by law. |
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SPECIFICS OF A SINGLE MEMBER LIMITED LIABILITY COMPANY |
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Formed by only one natural person, who has limited liability. |
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The administration is carried out by the owner of the company; however the administration of the company can be delegated to a third party. |
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The name of the company must carry the name of its owner or another name that makes reference to its purpose. |
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Advantages
The advantages of forming a company are:
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When a company is incorporated, the maximum amount that the shareholders are liable for is established. |
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When a company is incorporated, a new entity, different to its partners is created. This new entity will have its own name, address and equity; therefore the members are protected from liability. There is an invisible line between the personal assets and the company assets. In this way, members can protect possible losses than in other cases they may be liable for. When a company is not incorporated the debt payment may be unlimited, which could result in bankrupt. |
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Establishment of a New Identity: There are some people that form a company to have a new business identity. It permits to distinguish from the competitors and it gives more confidence to their clients and suppliers. |
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Other Services
We also offer other services related to company formation services:
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Business Activity initiation and RUT Obtainment. |
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Accounting Services |
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In case you need further assistance on these services, please contact us. |
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Trademark Registration in Argentina
Company Formation in Argentina
