Decree 209/2024 establishes a new minimum requirement for corporate capital under the General Law of Corporations. This decree, published in the Official Gazette on March 1, 2024, sets the minimum social capital at thirty million pesos ($30,000,000). The decree comes in response to inflationary pressures and aims to ensure that the minimum capital requirement remains commensurate with economic realities.
The decision to adjust the minimum capital requirement reflects the government’s commitment to maintaining stability and promoting business growth amidst challenging economic conditions. By updating the capital requirement to thirty million pesos, the government seeks to strike a balance between encouraging entrepreneurship and safeguarding the interests of shareholders and stakeholders. This measure is expected to provide clarity and certainty to businesses operating in Argentina, fostering a conducive environment for investment and economic development.
As always, we will continue to monitor developments related to business regulations and keep you informed of any further updates or changes that may impact your operations. Should you have any questions or require assistance navigating these regulatory changes, please do not hesitate to reach out to us. We remain dedicated to supporting your business goals and ensuring compliance with regulatory requirements.
