Expand your organization into Argentina with or without an Argentinian entity
The economy of Argentina, while having a tumultuous history, is still the second-largest in the continent of South America, after Brazil. As such, the country holds many opportunities for foreign investors, and many businesses still look to expand there.
If your organization is planning an expansion into Argentina, your progress may be stalled by the country’s complex business and employment laws. If you are unfamiliar with the local customs, procedures, and language, you may hit delays, which could result in costs spiraling and cutting into your profits.
At New Horizons, we offer full support to organizations planning an expansion into Argentina. Our bespoke professional service organization (PEO), employer of record, and payroll services can offer everything needed to expand your business into Argentina, whether or not you have already established an Argentinian entity.
With our own in-house recruitment team, we can also source, hire, and onboard your employees in Argentina, as well as manage any ongoing HR and compliance administration. Our dedicated team will provide everything you need to expand into Argentina as efficiently as possible and could save you thousands in expenditure.
Our Argentina PEO simplifies your expansion
New Horizons enables you to expand your business into Argentina, without needing to establish a legal subsidiary.
Hiring in Argentina: Employment law overview
Employment contracts in Argentina
We strongly recommend having a clearly written contract of employment for every one of your employees in Argentina. These contracts should cover all relevant details such as compensation, working hours, and so on, be written in Spanish, and use the Argentine peso.
Working hours in Argentina
A normal working week in Argentina is 48 hours. Overtime should be compensated at a rate of between 150% and 200% of normal pay, depending on when the work is done. Overtime should not exceed 30 hours in any month.
Public holidays in Argentina
New Year’s Day
23 Mar-24 Mar
Truth and Justice Memorial Day
May Day Revolution
Martin Miguel de Guemes Day
National Flag Day
9 Jul-10 Jul
San Martin’s Day
Day of respect for cultural diversity
Day of National Sovereignty
Christmas Eve (Bridge Day)
Immaculate Conception Day
Argentina vacation leave
The paid vacation allowance of employees in Argentina depends on their length of service with an employer. The allowance starters at 14 days after six months of service, then increases incrementally up to 35 days after 20 years of service.
Argentina sick leave
Employees in Argentina who have under five years of service are entitled to three months of paid leave. Beyond five years, they are entitled to six months of paid leave.
Parental leave in Argentina
Female employees in Argentina are entitled to 45 days of paid maternity leave before giving birth and 45 days after. Male employees are entitled to two days of paid paternity leave after their child’s birth.
Terminations and severance in Argentina
For employees in Argentina with under five years of service, employers must provide 15 days of notice prior to termination. Employees with more than five years of service are entitled to two months of notice.
Taxation in Argentina
Employers and employees in Argentina must contribute a percentage of salaries toward various social funds.
Employers must pay:
- 17% for pension
- 0.5% for life insurance
- 2.41% for labor insurance
- 6% for health insurance
- Between 4.44% and 5.56% to a family allowance fund
Employees must pay (contributions limits apply):
- 11% to pension
- 3% to social services
- 3% to health insurance
Health coverage in Argentina
There is mandatory national health insurance in Argentina. Some employers may also choose to offer additional private medical insurance to employees.
Argentina compensations & benefits
Compensation laws in Argentina
The minimum wage in Argentina is 16,875 pesos per month for full-time employees.
Benefit management in Argentina
Employees in Argentina often expect benefits packages as part of their employment agreements, so you may need to set up a benefits management system when hiring in the country. But setting up and managing a benefits system in Argentina can be complicated, particularly if you are unfamiliar with the country’s unique regulations and procedures.
New Horizons can help you simplify this stage of your Argentina expansion by offering tailored benefit management outsourcing. Our experts will advise you on the best course of action and take care of your benefit setup and management, helping you focus on the important job of your Argentinian expansion.