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Open a Gambling Company in Argentina

Open a Gambling Company in Argentina

Those who want to open a company in Argentina’s gambling sector must consider the formalities of obtaining the license. This is the first thing that must be taken into account when opening such a business. Our company formation agents in Argentina can guide you in setting up a company and can even take care of the procedures involved. Below in this article is some essential information about gambling in Argentina and how to register a business in this field.

Formalities for setting up a company in the gambling sector in Argentina

If you are thinking of setting up a company in Argentina in the gambling sector, you must consider the formalities and incorporation procedures. First of all, you must choose the desired business structure. In Argentina, the most used and appreciated is the limited liability company, with a minimum share capital of USD 300. Here are other details:

  • A minimum of 2 shareholders is needed to create the desired business entity.
  • At least 2 directors will be appointed.
  • Articles of Association are the basic documents for establishing an LLC in Argentina. These must include information about the company’s activities, and in this case about gambling operations.
  • It is necessary to open a bank account in Argentina.
  • A gambling license is required. These are issued by local authorities for operators who want to carry out their gambling activities in Argentina.
  • Next is the registration for the payment of taxes in Argentina. Our company formation agents in Argentina can guide you in this regard and take care of the procedures.

It is good to know that not all jurisdictions accept LLCs as a business structure for activities in the gambling sector. In certain provinces, entrepreneurs must set up a joint venture to be able to carry out their respective operations. However, we invite you to discuss more with us about company formation in Argentina and the proper structure for opening a business in the gaming sector in this country.

What are the procedures for obtaining a gambling license in Argentina?

There are certain requirements for obtaining a gambling license in Argentina and those interested must consider the following aspects. For instance, each jurisdiction in Argentina can impose its own set of rules regarding the issuance of a gambling license. But among the necessary documents, the following are required by the authorities:

  • Certificate of Registration of the company in question,
  • Confirming a bank account is open and linked to the company,
  • Financial and marketing plans.
  • Technical documentation showing the type of software used, certifications, implementation, etc.
  • Employee documents, including criminal records.

These are some of the formalities for obtaining a gambling license in Argentina. Among the authorities involved in this process are:

  • Dirección General de Juegos de Casino y Máquinas Tragamonedas of the Ministry of Foreign Trade and Tourism,
  • Asociación de Loterías, Quinielas y Casinos Estatales de Argentina,
  • Provincial authorities.

Statistics about the gambling sector in Argentina

Below are some statistical data about the gaming sector if you want to start a company in Argentina:

  • Revenues of approximately USD 1.30 billion in 2024 in the gambling sector of Argentina are estimated.
  • A projected market volume of around USD 0.59 billion is expected in the online sports betting sector in 2024.

Interested in opening a gambling company in Argentina? You can contact our specialists for more details about company incorporation in Argentina.