The Large Investment Incentive Regime (“RIGI”), implemented through Law No. 27,742 and Decree No. 749/2024, is designed to promote significant investments in strategic sectors of the Argentine economy. The following is the process to join this regime, as well as the requirements and necessary documentation.
The first step is to verify the data pre-loaded on the platform. If any of the data is incorrect or outdated, the applicant must go to the “My Data” section to correct the information before continuing with the procedure.
In this step, a series of documents specific to the procedure must be attached, including both general forms and those related to the Single Project (“VPU”). These documents must be submitted digitally in the appropriate format and, in all cases, the amounts must be expressed in U.S. dollars.
Requested documents:
– General data of the project and the VPU (Annex I, Decree 749/24, Art. 47, Inc. a).
– Description of the Single Project (Annex I, Decree 749/24, Art. 47, Inc. a).
– Certificate of validity of the partnership or associative contract, as well as the constitutive contract of the partnership and the registration certificate (Annex I, Decree 749/24, Art. 47, Inc. b, Item i).
– Notarial act certifying the nature and identity of the legal representative (Annex I, Decree 749/24, Art. 46).
– DNI of the legal representative (Annex I, Decree 749/24, Art. 46).
– Various affidavits, such as those referring to the sector and subsector, investment amounts, and non-distortion of the local market (Annex I, Decree 749/24, Art. 47, Inc. a, g, h).
– Discrimination of disbursements made and projected for the VPU (Annex I, Decree 749/24, Art. 47, Inc. d).
– Implementation schedule and declaration of commencement of operations of the Single Project (Annex I, Decree 749/24, Art. 47, Inc. f).
– Technical studies and statements on the technical feasibility of the project, compliance with objectives and investment and employment estimates (Annex I, Decree 749/24, Art. 47, Inc. o, q).
– Report on the long-term nature or long maturity of the investment (Annex I, Decree 749/24, Art. 47, Inc. f).
– Declaration of goods to be exported and imported and their corresponding tariff position (Annex I, Decree 749/24, Art. 47, Inc. m).
– Trade balance and estimated foreign exchange flow for the first three years of the Single Project (Annex I, Decree 749/24, Art. 47, Inc. n).
Once the documentation has been attached and the forms have been completed, it is important to carry out a final review of the data entered. After this verification, the applicant will be able to confirm the procedure for evaluation.
This regime is aimed at promoting investments that not only boost productivity and economic growth, but also ensure the fulfillment of sustainable and long-term objectives.
