A joint stock company, also known as a corporation or a stock corporation, is a type of business organization where ownership is divided into shares of stock. These shares represent ownership interests in the company and are typically transferable. If you want to set up a joint stock company in Argentina, you are welcome to get help from our agents. Our company formation agents in Argentina can offer you practical help throughout the incorporation procedure.
A step-by-step guide to opening a joint stop company in Argentina
Here’s a step-by-step guide on how to set up a joint stock company in Argentina:
- Choose a Company Name: Select a unique name for your joint stock company that complies with Argentine law. The name should not be identical or similar to an existing company name in Argentina to avoid any conflicts;
- Draft Articles of Incorporation: Prepare the Articles of Incorporation for your joint stock company. This document should include details such as the company’s name, purpose, registered office, duration, capital stock, and shareholder information. You may need to engage a lawyer or a legal professional in Argentina to assist you in drafting the Articles of Incorporation. For this, you are welcome to get in touch with our agents;
- Obtain Notarized Documents: The Articles of Incorporation and other required documents, such as the shareholders’ identification documents, need to be notarized by a notary public in Argentina. Notarization is a legal requirement in Argentina and ensures the authenticity of the documents;
- Deposit Capital: As a joint stock company, you are required to deposit a minimum capital into a local bank account in Argentina. The amount of capital required depends on the company’s purpose and structure, and it must be fully paid up in cash or assets. The bank will provide you with a certificate of deposit, which is a required document for company registration;
- Register the Company: Submit the notarized Articles of Incorporation, certificate of deposit, and other required documents to the Public Registry of Commerce (Registro Público de Comercio) in the jurisdiction where the company will be located. The registration process involves paying registration fees and providing all necessary documentation;
- Obtain Tax Identification Number: After the company is registered, you need to obtain a Tax Identification Number (Código Único de IdentificaciónTributaria or CUIT) from the Argentine tax authorities (Administración Federal de IngresosPúblicos or AFIP). This number is required for tax purposes and to conduct business in Argentina;
- Register for Social Security: You are required to register your joint stock company with the social security authorities in Argentina (Administración Nacional de la Seguridad Social or ANSES) within 10 days of company registration. This registration is necessary for compliance with social security and labor regulations in Argentina;
- Comply with Ongoing Obligations: Once your joint stock company in Argentina is registered, you will have ongoing obligations such as filing regular financial statements, annual reports, and tax returns with the relevant authorities. It is important to stay compliant with all legal and tax requirements to operate your joint stock company smoothly.
It is recommended seeking professional advice from our qualified company formation agents to ensure compliance with local laws and regulations throughout the process of setting up a joint stock company in Argentina.
How our company formation agents in Argentina can help you?
Opening a joint stock company, in a foreign country like Argentina can be a complex process that requires navigating local laws, regulations, and procedures. Some reasons why you might need our help to open a joint stock company in Argentina could include:
- Legal Requirements: Setting up a joint stock company in Argentina involves complying with various legal requirements, such as drafting and notarizing the Articles of Incorporation, registering the company with the Public Registry of Commerce, obtaining tax identification numbers, and fulfilling ongoing reporting obligations. The legal process can be complex and may require expertise in Argentine corporate law;
- Language Barrier: If you are not fluent in Spanish, the official language of Argentina, you may need assistance with communication and documentation in Spanish during the company registration process;
- Time and Efficiency: Registering a joint stock company in Argentina may involve multiple steps, paperwork, and interactions with local authorities, which can be time-consuming and complex. Having assistance from our professionals who are familiar with the process can help streamline the registration process.
You are welcome to seek help from our qualified professionals, who are experienced in Argentine business laws and practices, and can provide valuable guidance and support throughout the process of opening a joint stock company in Argentina. Contact our company formation agents in Argentina for details about our services.
Besides setting up a joint stock company in Argentina, if you are interested in a branch office, our agents can help you.