Top 10 Challenges Of Doing Business In Argentina

Argentina's economy boomed in 2017, making it Latin America's third-largest market. Since then, the country has faced periods of financial crisis; its economy shrank by nearly 10% in 2020 due to the Covid pandemic, for example. If you are thinking of expanding your business and moving into Argentina, we recommend that you enlist local help, in order to seamlessly navigate its diverse and complicated landscape.

The key drivers of complexity in Argentina are constant legislative changes, difficulty sending and receiving foreign currency, and high levels of inflation. However, the government has recently introduced a series of economic reforms to promote new trade agreements and optimise the flow of trade. Argentina ranks 7th in TMF Group's Global Business Complexity Index 2021- ranking 77 jurisdictions for the complexity of their business environments - which is an improvement from 3rd in 2020, suggesting the reforms are already having a positive effect.