According to the regional report by the consulting firm HR Tech Jobint (after a study on the labor market in the region based on data from the classified sites Bumeran, Zonajobs, Selecta and HiringRoom, in which Argentina, Chile, Ecuador, Panama and Peru), our country has the lowest average required salary in the regionwith only 632 MEP dollars per month.
Reflection of the local crisis but also of the competitive potential that local companies and entrepreneurs have when it comes to exporting goods and services. Which logically leads to a series of challenges, and a logistics, financial and tax architecture, especially if you want to invoice in dollars.
The key is to open a branch of the American business, the specialists explain. The northern country facilitates the opening of some 600,000 non-resident Latino businesses per year. “Anyone can start a business. An investment visa is not required if the enterprise will be operated remotely”, explains the lawyer Camilo Espinosa.
“As every project begins with an idea or a product, and then you have to define why that business is necessary and the area of influence, those are the essential points,” says María Salinas, from the Los Angeles Area Chamber of Commerce. “You have to define the name, for that there is a online service where you can verify that no one else has it assignedcircumscribe the area of influence, pay taxes to the city, and meet the responsibilities in case they have employees, ”adds Vivían Contrera, from the San Diego economic development office.
“In recent years the number of Argentines increased by 40% that we have helped by applying careful tax and financial planning. Any taxpayer can think in dollars, and we are your local support in the United States, to resolve accounting and tax issues. They sell more and morewhether in the Argentine market or abroad, services or products, while optimizing their results and generating availabilities in dollars”, details Susy Chemen, the Argentine accountant based in Miami for more than two decades.
His firm specializes in advising on Tax Planning to those who seek to optimize their returns and collect in dollars: one of the great problems that local companies and entrepreneurs encounter is the difficulty of obtaining banknotes when withdrawing cash in Argentina; Although some permits have emerged for specific cases, the limit is low and many need to be able to bill in dollars “without limits”.
“Increasingly, Argentine companies create companies in the US. to charge for services that they provide from the country to clients from any country”, they point out from the consulting firm Aller&Co. And they highlight that this trend prevails among technological and fintech SMEs, design and advertising studios. “Investment Visa requests tripled in the last two years and the number of requests from people to transfer their currencies doubled,” they add.
“To open society no amount of money is needed, it is necessary when the bank account is opened because, as in Argentina, a minimum is required in it. If another type of license is necessary, the procedure is done and then you can start working. After 10 days of contacting us, we started the process with the client to set up the company, and after this We open a bank account remotely“, continues the tax specialist.
“It is not always necessary to have a VISA, because it is done as a foreigner. From then on, you will be able to continue selling your products or services in Argentina and also abroad,” explains Chemen, who at the same time encourages networking among his clients, identifying potential alliances and success stories to replicate “If a software developer hires us, we recommend someone who is looking for that service; If you are looking for a winery, we seek to generate local partners or possible markets where to insert your product. The objective is that they can invoice a lot and have them as clients for years”, concludes the accountant.
by RN
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