Argentina Enacts New Incentives For Large Investments
Argentina approved Régimen de Incentivo para Grandes Inversiones" (RIGI) incentives
Argentina enacted a new incentive regime for large investments - "Régimen de Incentivo para Grandes Inversiones", or RIGI. The new incentives target the sectors of sectors of Forest Industry, Tourism, Infrastructure, Mining, Technology, Steel Industry, Energy and Oil, and Gas. The RIGI incentives, which in english translates to, “Incentive Regime for Large Investments”, provides significant benefits for 30 years for qualified project investments over USD $200 million.
SNAPSHOT
Argentina adopts new incentive regime for large investments.
Program aims to promote foreign and local direct investment in Argentina.
Program offers tax incentive and tax exemption including foreign exchange benefits.
RIGI is now open for applications until 8 July 2026.
INCENTIVE PROGRAMS
Tax incentives: These include a fixed 25 per cent income tax rate, asset amortization incentives, VAT payment incentives, the ability to carry forward losses, and reduced dividend taxes (7 per cent, decreasing to 3.5 per cent after seven years).
Exemptions from withholding income tax: These apply to international payments related to projects that qualify as "long-term strategic projects."
Import and export tax exemptions: These include the free import of goods and the export of products without local provider mandates.
Foreign exchange benefits: These include the unrestricted payment of dividends and interest in foreign currency, and partial exemptions from repatriating export proceeds (20 per cent after two years, 40 per cent after three years, 100 per cent after four years, with earlier exemptions for strategic projects).
Free distribution of project products: This applies without local market preferences.
Stability guarantee: A 30-year stability period for the incentive regime, with the option to adopt more favorable future rules.
ELIGIBILITY
These incentives apply to investments in the following sectors: forestry-industrial, tourism, infrastructure, mining, technology, steel, energy, oil, and gas. Public infrastructure concessionaires are also eligible.
To benefit from these incentives, an investment project must apply to the regime within two years, with a minimum project amount of $200 million. Additionally, at least 40%of the investment amount must be made within two years of the date of project approval.
CONNECT WITH HICKEY’S AMERICAS INCENTIVES TEAM
The Hickey & Associates Americas Incentives Team has advised companies navigating the dynamic Argentina landscape for years. Applications are open until July 8th, 2026! Contact us for more specifics, including eligibility criteria, application details, and funding requirements. If you’d like our support throughout the application process, we are here to help!