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Open a Cryptocurrency Company in Argentina

Open a Cryptocurrency Company in Argentina

Mining cryptocurrency is legal in Argentina, and there are currently no explicit restrictions or requirements. Investing in the cryptocurrency sector has become a more appealing prospect in recent years as the industry expands and the usage of digital currency transactions spreads throughout Argentina. Those looking to open a cryptocurrency company in Argentina may take advantage of the growing market and new prospects. They can start a business in the Argentinian cryptocurrency industry in various ways.

You are welcome to get in touch with our Argentina company formation consultants. They can provide you with detailed information regarding how you can obtain a cryptocurrency exchange license in Argentina. 

How to start a cryptocurrency company in Argentina? 

If you want to open a cryptocurrency company in Argentina, you can find a general step-by-step guide below. For detailed information regarding how to obtain a cryptocurrency exchange license, you can get in touch with our consultants. They will provide you with detailed guidance in this regard. 

  1. Plan your cryptocurrency business;
  2. Form your cryptocurrency business into a legal entity;
  3. For tax purposes, you must register your cryptocurrency business;
  4. Establish a business bank account;
  5. Get credit cards;
  6. Create an accounting system for your cryptocurrency venture;
  7. Get the permits and licenses you need for cryptocurrency business;
  8. Cryptocurrency business insurance;
  9. Create a brand for your cryptocurrency company;
  10. Make a website for your cryptocurrency business;
  11. Get your business system up and running.

If you have further questions in this matter, it is advisable to consult with our company incorporation specialists. 

Furthermore, when a foreign firm creates a branch in Argentina, the branch or representative office does not indicate the formation of a new legal entity. Even though a branch must be registered with the Registry of Companies, the regulations regulating its existence and legality are essentially those of the parent business. If you want to open a branch office in Argentina, you can get in touch with our company incorporation team. 

Taxes on cryptocurrency in Argentina

The revenue received from the possession or disposition of virtual currency is regarded to be from an Argentina source if the issuer is a resident, established, or located in Argentina. The revenue shall be regarded as a foreign source if the subject lives, is established, or is located outside of Argentina. Argentina-source profits are calculated using both Argentina residents and non-residents. Gains derived by residents from the sale of digital currency are taxed at a rate of 15%. Any earnings arising from the holding or disposition of digital currency will be taxed at a general, progressive income tax rate of 25 to 30 percent for residents’ legal entities. If you are a resident who wants to open a cryptocurrency company in Argentina, you are welcome to interact with experts. They will guide you in detail regarding taxation. 

Fortunately, there is no value-added tax (VAT) on virtual currency transfers or exchanges in Argentina. You can get further details from our company formation experts regarding how you can comply with Argentinian taxation to avoid any issues.

They can also provide you with consultancy about how to obtain a cryptocurrency exchange license in Argentina. Because to obtain a cryptocurrency exchange license is a lengthy and complicated process that necessitates a particular degree of education and experience. Our Argentina company formation specialists provide professional advice and practical support to individuals interested in opening a cryptocurrency company in Argentina. You can also learn detailed information about cryptocurrency regulations in Argentina.

Cryptocurrency trend in Argentina

If you are planning to open a cryptocurrency company in Argentina, you must know that there has been an exponential increase in the use of cryptocurrencies:

  • Since the beginning of 2019, the country’s cryptocurrency trend has been steadily rising;
  • It is believed that over 1.3 million individuals already utilize cryptocurrency, amounting to 2.94 percent of the country’s population. 

Contact our company incorporation consultants if you want to open a cryptocurrency company in Argentina. In addition to company formation, they will also help you to obtain a cryptocurrency exchange license in Argentina.

Furthermore, sole shareholder corporation businesses in Argentina are similar to sole trader companies in other countries and are ideal for people who desire to start their own businesses. The procedure of forming a business in Argentina, however, is not as straightforward as it is in other nations. As a result, finding the correct business to help you negotiate the rules and paperwork will be critical. But you are welcome to get in touch with our company formation experts in Argentina. They will help you to establish a startup in Argentina