Corporation (Sociedad Anónima or SA)

Separate and distinct legal entity. Admits a minimum of 2 shareholders. Managed by a board of directors who are elected by the stockholders of the corporation.

Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

Separate and distinct legal entity. Admits exclusively 1 shareholder. SAUs are not allowed to be incorporated or wholly owned by SAUs. Managed by a board of directors who are elected by the only stockholder of the corporation.

Simplified Corporation (Sociedad por Acciones Simplificada or SAS)

Separate and distinct legal entity. Admits 1 or more shareholders. Managed by a board of directors who are elected by the stockholders. Its incorporation and development are entirely digital.

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

Separate and distinct legal entity. Admits a minimum of 2 members and a maximum of 50. Managed by a single manager or several managers with full powers who may act individually, or by a Board of Managers acting by majority, appointed by the members.

Last modified 27 Jun 2024

Corporation (Sociedad Anónima or SA) and Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

• 2 or more shareholders

• The local management is in charge of a board of directors, which may have at least 1 member with no maximum number (at least 3 directors and 1 alternative director in case the company's capital stock exceeds ARS50 million). Directors shall last between 1 and 3 years or fiscal years in office, as provided in the bylaws. They may be re-elected. The majority of the board of directors must be composed of Argentine residents.

• The president of the board is the legal representative of the company

• Statutory auditor or supervisory board is optional. Mandatory if capital stock exceeds ARS50 million

• Typical charter document: bylaws
• Corporate Books: stock ledger, shareholders' meeting minutes, board of directors' meeting minutes and attendance records book
• Should cash be paid out as consideration for the stock: only 25 percent must be paid up front, and the balance is paid within 2 years after that. When considerations for the stock are contributions in kind, the stock must be fully paid off at the time of subscription of the shares

Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

• Only 1 shareholder
• The local management is in charge of a board of directors, which may have at least 1 member with no maximum number (at least 3 directors and 1 alternative director in case the company's capital stock exceeds ARS50 million). Directors shall last between 1 and 3 years in office, as provided in the bylaws. They may be re-elected. The majority of the board of directors must be composed of Argentine residents
• The president of the board is the legal representative of the company
• Permanent control by government

• Statutory auditor or supervisory board is mandatory (at least 1 regular and 1 alternate statutory auditor)

• Typical charter document: bylaws
• Corporate books: stock ledger, shareholders' meeting minutes, board of directors' meeting minutes and attendance records book
• Capital stock shall be fully paid up upon execution of bylaws
• SAUs are not allowed to be incorporated or wholly owned by another SAU

Simplified Corporation (Sociedad por Acciones Simplificada or SAS)

• 1 or more shareholders
• The managers must be individuals, who may be appointed for an indefinite period. At least 1 director must be an Argentinean resident (provided that the Argentinian resident director is the legal representative of the company)

• Statutory auditor or supervisory board is optional. Mandatory if capital stock exceeds ARS50 million.

• Typical charter document: bylaws

• Corporate books: carried by electronic means (stock ledger and minutes books)

• Should cash be paid out as consideration for the stock: only 25 percent needs to be paid up front, and the balance is paid within 2 years after that. When considerations for the stock are contributions in kind, the stock must be fully paid off at the time of subscription of the shares

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

• 2 or more members
• The local management is in charge of single or several managers with full powers who may act individually, or a board of managers acting by majority. Managers may be appointed for an indefinite term. The majority of the board of managers must be composed of Argentine residents
• The legal representative of the company may be a single manager. All managers or a president of the board of managers are entitled with full powers
• Statutory auditor is optional. Mandatory if capital stock exceeds ARS50 million (at least 1 regular and 1 alternate member)
• Typical charter document: bylaws
• Corporate books: manager and quotaholders’ meeting minutes.
• Should cash be paid out as consideration for the stock: only 25 percent must be paid up front, and the balance is paid within 2 years after that. When considerations for the stock are contributions in kind, the stock must be fully paid off at the time of subscription of the shares.

Last modified 27 Jun 2024

Corporation (Sociedad Anónima or SA)

Minimum capital of SA is ARS100,000.

Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

Minimum capital of SAU is ARS100,000.

Simplified Corporation (Sociedad por Acciones Simplificada or SAS)

Minimum capital of SAS shall be twice the national minimum vital and mobile wage established at the time of its incorporation (as of January 2024: ARS312,000 in total).

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

No minimum capital requirement.

Last modified 27 Jun 2024

Corporation (Sociedad Anónima or SA)

Directors must act honestly and in good faith in best interests of the company. Directors may be held personally liable to the company, shareholders and third parties if they fail to comply with their general legal duties or specific duties contained in Argentine Law 19,550.

Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

Directors must act honestly and in good faith in best interests of the company. Directors may be held personally liable to the company, shareholders and third parties if they fail to comply with their general legal duties or specific duties contained in Argentine Law 19,550.

Simplified Corporation (Sociedad por Acciones Simplificada or SAS)

Liability of directors of a corporation under Law 19,550 is applicable to SAS managers. In addition, individuals who are not managers or legal representatives of an SAS, or legal persons acting as managers, are liable in the same way as managers, and their liability will be extended to the acts in which they did not intervene but which they habitually performed.

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

In case of SRLs, when articles allow distribution of management powers among individual members of the board of managers, the board's liability depends on the individual performance of each manager.

Last modified 27 Jun 2024

Sociedad Anónima (Corporation) and SRL (LLC)

An SA, same as an SRL (LLC), is considered an Argentine resident for tax purposes and is obligated to pay taxes on income obtained worldwide, whether earned within Argentina or abroad. An SA may take the sums effectively paid abroad for analogous taxes for activities carried out abroad as a payment for taxes (within certain limits).

Last modified 27 Jun 2024

Corporation (Sociedad Anónima or SA)

File bylaws for registration with the Public Registry. An "urgent" registration process may be followed to obtain the company's registration and its tax ID within 5 to 10 business days, in case no observations are made by the Public Registry in the City of Buenos Aires.

Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

File bylaws for registration with the Public Registry. An "urgent" registration process may be followed to obtain the company's registration and its tax ID within 5 to 10 business days, in case no observations are made by the Public Registry in the City of Buenos Aires.

Simplified Corporation (Sociedad por Acciones Simplificada or SAS)

File bylaws for registration with the Public Registry. There is an established form of bylaws and public notice that, if used, shall enable the registration of the SAS within 20 business days through digital means in the City of Buenos Aires.

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

File bylaws for registration with the Public Registry. An "urgent" registration process may be followed to obtain the company's registration, its tax ID and corporate books within 5 to 10 business days, in case no observations are made by the Public Registry in the City of Buenos Aires.

Last modified 27 Jun 2024

Corporation (Sociedad Anónima or SA)

Well regarded and widely used.

Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

This corporate type was introduced in Argentina in August 2016 pursuant the Argentine Civil and Commercial Code modification and is beginning to be used. Well regarded and widely used.

Simplified Corporation (Sociedad por Acciones Simplificada or SAS)

This corporate type aims to be a more agile and economic alternative, both in its incorporation and in administration and management. Its incorporation and development are required to be entirely in digital form. However, some provinces or jurisdictions have restored the use of digital corporate documents for this type of company.

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

Well regarded and widely used. This is the type of company is usually preferred by foreign shareholders due to tax purposes.

Last modified 27 Jun 2024

Corporation (Sociedad Anónima or SA)

Required to hold an annual meeting of shareholders to approve the financial statements of the company.

Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

Required to hold an annual meeting of shareholders to approve financial statements of the company.

Simplified Corporation (Sociedad por Acciones Simplificada or SAS)

Required to hold an annual meeting of shareholders to approve financial statements of the company.

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

Required to hold an annual meeting of members to approve financial statements of the company.

Last modified 27 Jun 2024

Corporation (Sociedad Anónima or SA)

The board shall meet at least once every 3 months.

Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

The board shall meet at least once every 3 months.

Simplified Corporation (Sociedad por Acciones Simplificada or SAS)

Periodical meetings of the board are not required.

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

Periodical meetings of managers are not required.

Last modified 27 Jun 2024

All corporations must annually file tax returns with federal and state tax authorities.

Last modified 27 Jun 2024

Corporation (Sociedad Anónima or SA)

Initial registration is required, as well as annual filings (ie, financial statements of the company before the Public Registry and the Tax Authority). Every appointment or resignation of directors, change of domicile or bylaws' amendments must be filed with the Public Registry for registration.

Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

Initial registration is required, as well as annual filings (ie, financial statements of the company before the Public Registry and the Tax Authority). Every appointment or resignation of directors, change of domicile or bylaws' amendments must be filed with the Public Registry for registration.

Simplified Corporation (Sociedad por Acciones Simplificada or SAS)

Initial registration is required, as well as annual digital filings (ie. Financial statements of the Company before the Public Registry and the Tax Authority). Every appointment or resignation of directors, change of directors, change of domicile or bylaws' amendments must be filed with the Public Registry for registration.

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

Initial registration is required. Only SRLs which capital stock exceeds ARS50 million shall file their annual financial statements with the Public Registry. However, all SRLs must file their financial statements with the tax authorities.

Last modified 27 Jun 2024

Corporation (Sociedad Anónima or SA)

No need to change as business expands.

Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

If the number of shareholders exceeds 1, the SAU must convert to an SA or SAS.

Simplified Corporation (Sociedad por Acciones Simplificada or SAS)

No need to change as business expands.

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

If the number of members exceeds 50, the SRL must convert to an SA or SAS.

Last modified 27 Jun 2024

Any corporate type shall file dissolution documents with the Public Registry.

Last modified 27 Jun 2024

Corporations and single-shareholder corporations must pay annual fee to the Public Registry.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

For more information on directors’ duties, see our Global Guide to Directors’ Duties.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024

In some circumstances, the Tax Authority requires evidence of the declared domicile. In the case of Simplified Corporation (Sociedad por Acciones Simplificada or SAS) registered in the City of Buenos Aires, the existence and veracity of the domicile and registered office must be evidenced at the time of incorporation of the company or registration of the new registered office by means of an instrument authorized by the regulations.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024

A company must provide its registered address. In certain circumstances, a law firm office may provide the registered address until the local entity hires an office. In this case, the company is requested to move its registered office to its new location.

Last modified 27 Jun 2024

A company shall provide a local director. In certain circumstances, a law firm may provide a local director service at a monthly rate.

Last modified 27 Jun 2024

Corporation (Sociedad Anónima or SA)

Majority of members of the board must be Argentinean residents.

Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

Majority of the members of the board must be Argentinean residents.

Simplified Corporation (Sociedad por Acciones Simplificada or SAS)

At least 1 director must be Argentinean resident (provided that the Argentinean resident director is the legal representative of the company).

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

Majority of the members of the board must be Argentinean residents.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024

The appointment of the directors in all types of companies must be registered before the Public Registry of Commerce informing their personal data, which means that the identity of the members of the board of directors is public for any 3rd party not related to the company.

Regarding the equity holders, their identity must only be registered before the Public Registry of Commerce in the Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL), while in the other types of companies, the shares can be transferred without the need to register the equity holders before the Registry.

Last modified 27 Jun 2024

Corporation (Sociedad Anónima or SA)

• 2 or more shareholders
• Board of directors, which must have at least 1 member with no maximum number requirement (at least 3 directors and 1 alternative director in case the company's capital stock exceeds ARS50 million)

Single-Shareholder Corporation (Sociedad Anónima Unipersonal or SAU)

• 1 shareholder
• Board of directors, which must have at least 1 member with no maximum number requirement (at least 3 directors and 1 alternative director in case the company's capital stock exceeds ARS50 million)

Simplified Corporation (Sociedad por Acciones Simplificada or SAS)

• 1 or more shareholders

• The managers must be 1 or more individuals, who may be appointed for an indefinite or definite period

Limited Liability Company (SRL)

• 2 or more members (within a maximum of 50 members)
• The local management is maintained by a single manager, several managers with full powers who may act individually, or a board of managers acting by majority. Managers may be appointed for an indefinite term

Last modified 27 Jun 2024

Corporation (SA)

At least 2 shareholders.

Single-Shareholder Corporation (SAU)

Only 1 shareholder is admitted.

Simplified Corporation (SAS)

At least 1 shareholder.

Limited Liability Company (SRL)

At least 2 members.

Last modified 27 Jun 2024

Removal of directors or managers shall be approved by the shareholders meeting and then registered in the Public Registry.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024

Corporation (SA)

The Board makes decisions by a simple majority of directors present at the relevant meeting, with a quorum of an absolute majority of total number of directors, unless the company's articles provide for a higher quorum and majority.

In case of annual or regular shareholders' meetings, the required quorum shall be constituted by shareholders representing the majority of the voting shares. If quorum is not reached, the meeting may be held at a 2nd call. In this case, the meeting is duly constituted with any number of shareholders present. On the other hand, special meetings require the presence of shareholders representing 60 percent of the voting shares, unless the articles provide for a higher quorum. If quorum is not reached, the meeting may be held at a second call. In this case, the meeting is duly constituted with the presence of shareholders representing 30 percent of the voting shares, unless the articles provide otherwise.

Single-Shareholder Corporation (SAU)

The board makes decisions by a simple majority of directors present at the relevant meeting, with a quorum of an absolute majority of total number of directors, unless the company's articles provide for a higher quorum and majority.

In the case of shareholders' meeting, quorum is reached if at least 1 shareholder of the company is present.

Simplified Corporation (SAS)

Meetings may be held physically or through digital means (ie, video or teleconference). Managers and members may call themselves to hold deliberations, with no need of prior notice. The management body's resolutions are valid as long as all members attend, and the majority as stated in the bylaws approve the agenda. Member's resolutions will be valid, provided that all partners attend and the agenda is passed unanimously.

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

The board makes decisions by a simple majority of the managers present at the relevant meeting, with a quorum of an absolute majority of total number of directors, unless the company's articles provide for a higher quorum and majority.

In case of annual or regular members' meetings, required quorum is constituted by the shareholders representing the majority of the voting shares. If quorum is not reached, the meeting may be held at a second call. In this case, the meeting is duly constituted with any number of shareholders present. On the other hand, special meetings require the presence of members representing 60 percent of voting shares, unless articles provide for a higher quorum. If quorum is not reached, a meeting may be held at a second call. In this case, the meeting is duly constituted with the presence of members representing 30 percent of voting shares, unless the articles provide otherwise.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024

All companies must have at least annual financial statements audited. The auditor must be located in Argentina and the company's corporate and accounting books must be kept locally.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024

When approving annual financial statements, shareholders' meeting may resolve to distribute dividends, which will be transferred to respective shareholders.

Last modified 27 Jun 2024

Corporation (SA)

No restrictions, unless otherwise provided in bylaws. Transfers are reported to the company and recorded in the Stock Ledger Book.

Single-Shareholder Corporation (SAU)

No restrictions, unless otherwise provided in bylaws. Transfers are reported to the company and recorded in the Stock Ledger Book.

Simplified Corporation (SAS)

No restrictions, unless otherwise provided in bylaws. Transfers are reported to the company and recorded in the Stock Ledger Book.

Limited Liability Company (SRL)

No restrictions, unless otherwise provided in bylaws. Transfers shall be reported and registered with the Public Registry of Commerce.

Last modified 27 Jun 2024

Corporate name must contain the type of company it adopted or the corresponding acronym. Name must be reserved before registering the company by paying and filing a form with the Public Registry, in case the chosen name is available.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024

Amendments to bylaws in all companies must be approved by shareholders or members' meeting and then filed for registration by the Public Registry.

Last modified 27 Jun 2024

For the conduct of certain activities, it would be necessary to obtain a license from the corresponding government agencies.

Last modified 27 Jun 2024

Not applicable for this jurisdiction.

Last modified 27 Jun 2024