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Doing Business in Argentina in 2026

Doing Business in Argentina in 2026

This investor guide, published by PromArgentina with Deloitte, presents Argentina as a stabilised, reform-driven market open to foreign capital

The guide credits the policy shift since December 2023 under President Milei with fiscal consolidation, deregulation and a new exchange-rate regime. Inflation fell from 211.4% in 2023 to 31.5% in 2025, and poverty dropped from 52.9% to 28.2%. The primary surplus reached 1.4% of GDP in 2025. Gross reserves exceeded US$47 billion, and country risk fell from about 2,500 basis points in mid-2023 to roughly 500. Foreign exchange controls were lifted in April 2025, and companies resumed remitting dividends abroad for the first time in six years.

The IMF projects GDP growth of 3.5% in 2026, 4.0% in 2027 and 3.8% in 2028, after 4.4% growth in 2025. GDP was US$681.5 billion in 2025, making Argentina Latin America’s third-largest economy. The population is 46.38 million.

Strengths and Trade

Argentina has the world’s second-largest lithium reserves, major copper, gold and silver resources, and the Vaca Muerta shale formation. Agribusiness is its main source of foreign currency, and it was the fifth-largest food exporter in 2025. Exports were US$87.1 billion against imports of US$75.8 billion. Brazil is the top trading partner.

Argentina has 22 trade agreements in force, 13 of them through Mercosur. The EU–Mercosur deal was set to enter provisional application on 1 May 2026. A US agreement (ARTI) raises the tariff-free beef quota to 100,000 tonnes for 2026. FDI was US$3.1 billion in 2025.

Investment Incentives

The RIGI offers 30-year tax, customs and FX stability for projects above US$200 million. Benefits include a cut in income tax from 35% to 25%, VAT refunds and zero export duties. By late July 2026, it had 20 approved projects worth about US$46 billion and 21 more under evaluation. The largest approved projects are the Southern Energy LNG plant (US$15.2 billion) and the Vicuña copper project (US$9.7 billion). The regime was extended to July 2027.

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