The ISO code of Argentina is AR according to the ISO 3166 standard. The local name of the country is the same as its English name. Argentina capital city is Buenos Aires. People in Argentina speak the Spanish language. On 25 May 1810, Argentina emerged as a sovereign political entity. In the year 05/25/1810, Argentina emerged as a sovereign political entity. The largest cities in Argentina are Buenos Aires, Córdoba, Rosario, Mendoza.
Argentina is located in the UTC -03:00 time zone, which is also called Argentina Time or ART. The internet country code top-level domain (ccTLD) for Argentina is .ar. The International dialing code for Argentina is 54. People in Argentina drive on the right side of the road. Total land area of Argentina is 2,780,400 km² (approx. 1,073,514 mi²). Argentina is not a landlocked country. It means that is is bordered by at least one major body of water.
Argentina is located in South America. Argentina is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Argentina faces various issues, including deforestation, soil degradation, desertification, air pollution, and water pollution.
Doing business in Argentina
We offer various corporate services in Argentina jurisdiction. These services can serve both, people coming from Argentina and foreigners. If you plan on doing business in Argentina you might be interested in contacting us.
To find out about starting your business in Argentina click on company formation in Argentina.
To find out how to open a bank account in Argentina and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Argentina.
Choose preferred service below or continue reading to find out more about Argentina.
Demographics of Argentina
The total population of Argentina is 44,688,864 people. In Argentina, the population density is 14.4 people per square kilometer (37 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is diverse according to a fractionalization scale which for Argentina is 0.255. Argentina has approximately 2086302 foreign immigrants. The median age is approximately 31.2 years. In Argentina, 55.8 in every 100 people use internet. Argentina has a Human Development Index (HDI) of 0.808.
The majority religion of Argentina is Christianity, Argentina is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Argentina.
Culture of Argentina
People in Argentina speak the Spanish language. According to data on inbound tourists in Argentina, 5,571,000 tourists arrive in the country each year. The first McDonalds in Argentina was opened on 24 November 1986, and it was located in Belgrano, Buenos Aires. One of the most popular national dishes of Argentina is asado. To read more click on culture of Argentina.
Geography of Argentina
Argentina is considered to be a vast nation because of its total area. Its total land area is 2,780,400 km² (approx. 1,073,514 mi²). Argentina is located in South America. Its capital city is Buenos Aires. Argentina has 5 neighbouring countries. Its neighbours include Bolivia, Brazil, Chile, Paraguay, and Uruguay. Total length of land borders of Argentina is 11968 kilometers (~4,621 miles).
The highest point of Argentina is Aconcagua, with its official height being 6960 m (22,836 ft). Including land mass and EEZ, the total area of Argentina is approximately 3,939,463 km² (~1,521,028 mi²). The most notable natural resources found in Argentina are fertile plains, lead, zinc, tin, copper, iron ore, manganese, petroleum, uranium, arable land.To read more click on geography of Argentina.
Economy of Argentina
The currency of the country is Argentine peso. The symbol used for this currency is $, and it is abbreviated as ARS. 8.5% of population in the country are unemployed. The total number of unemployed people in Argentina is 3,798,553. Each year, Argentina exports around $85.08 billion and imports roughly $71.3 billion. The Gini Index of the country is 43.6. Argentina has a Human Development Index (HDI) of 0.808.The Global Peace Index (GPI) for Argentina is 1.865. Argentina has a government debt of 118% of the country's Gross Domestic Product (GDP), as assessed in 2012. Argentina is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are food processing, motor vehicles, consumer durables, textiles, chemicals and petrochemicals, printing, metallurgy, steel.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Argentina is $964 billion. Each year, consumers spend around $406,677 million. The ratio of consumer spending to GDP in Argentina is 70%, and the ratio of consumer spending to the world consumer market is 0.95. The corporate tax in Argentina is set at 35%. Personal income tax ranges from 9% to 35%, depending on your specific situation and income level. VAT in Argentina is 21%. In 2013, Argentina received 178.9 million USD in foreign aid.In 2014, the foreign aid amounted to 86.9 USD.To read more click on economy of Argentina.
Infrastructure of Argentina
Infrastructure quality in Argentina is rated to be at 2.83. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
In Argentina, 99.8% of the population has access to electricity. There are 11,232,000 internet hosts in Argentina. Argentina has 1138 airports nationwide.
The logistics performance index of Argentina is 2.99. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 3.15. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
To read more click on infrastructure of Argentina.
Politics of Argentina
Argentina, is a federal presidential constitutional republic. With regard to political and civil freedoms, Argentina is 1. Citizens in Argentina experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Mauricio Macri.
According to the World Bank Group, the government effectiveness index of Argentina is -0.18. This indicates that the government of Argentina is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Argentina before considering any business maneuvers.In Argentina, the legislative power is vested in a Congress. The Global Peace Index (GPI) for Argentina is 1.865. The strength of legal rights index for Argentina is 2. Overall, it is considered to be rather weak - bankruptcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible. In 2013, Argentina received 178.9 million USD in foreign aid. In 2014, the foreign aid amounted to 86.9 USD. Argentina is a member of the United Nations (UN). On 24 October 1945, it joined the UN at it inception date as a full member state. Argentina is one of the original UN member states who founded the organization. Argentina is a member of the World Bank. To read more click on politics of Argentina.
Environment of Argentina
Argentina emits 4.6 metric tons per capita of CO2. 945336 km² of Argentina's territory is covered in forests. and forest land comprises 34% of all the land in the country. To read more click on environment of Argentina.
Company formation in Argentina
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Argentina.
When establishing a company in Argentina, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Argentina that will affect the establishment and growth of one's business. Contact us or click on company formation in Argentina to read additional information when setting up a business.
Bank account opening in Argentina
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Argentina. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Argentina, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Argentina or contact us.