Argentina:
Resolution 5/2017 Of IGJ: Incorporating A Limited Liability Company In 24 Hours.
07 August 2017
Canosa Abogados
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On July 11th 2017, General Resolution No. 5/2017 (the
"Resolution") of the Argentine Business Entities´
Controlling Body ("IGJ") was published in the Official
Gazette. In accordance with this Resolution, a Limited Liability
Company ("LLC") which is filed with IGJ under an
expedited process may be incorporated in 24 hours.
Pursuant to this Resolution, LLCs may be incorporated in 24
hours provided there are no objections to their registration. The
interested parties must file with IGJ, from 8 to 9 am, without any
appointment, all documentation necessary for incorporating the LLC.
In addition, the Resolution introduces the submission of the Tax
Authorities (AFIP) Form 185 which is completed via IGJ´s
webpage.
After the 24-hour term, the incorporation will be completed and
IGJ will deliver the incorporation certificate together with the
LLC´s Single Tax Identification Code ("CUIT") and
the LLC´s corporate books duly signed. Therefore, the
proceedings required for the immediate operation of a new company
are reduced.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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