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Hiring employees & recruitment requirements in Argentina

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Argentina, the southern Latin American country has transitioned away from its protectionist past is now an attractive place to hire local staff and engage in commercial operations. The region boasts a highly educated population and one of the regions with the greatest levels of English Fluency in Latin America, making the prospect of beginning business activities in the region that much more attractive.

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Hiring employees & recruitment requirements in Argentina

  1. 1. Hiring Employees + Recruitment Requirements in Argentina www.bizlatinhub.com
  2. 2. www.bizlatinhub.com Key Considerations: Employment Find below, some of the key considerations that should be taken into account before contracting staff in Argentina Yes – 3 months Is there an employee probation period? Yes Do staff need a local employment contract? Yes Can expatriate staff be hired? Minimum of 14 days per annum Vacation entitlement Max employer contribution is 32% Total cost of employment Employers - they must also pay employee’s social security Who manages withholding tax? • Christmas Bonus • Medical Insurance • Life Insurance • Savings fund Employee benefits
  3. 3. www.bizlatinhub.com Pathways to Hiring Staff Through a local legal entity Through a PEO solution: Professional Employer Organization
  4. 4. Forming a Legal Entity in Argentina www.bizlatinhub.com In Argentina, there are (3) main types of legal entities: Corporations (S.A), Limited Liability Companies (SRL), and Simplified Shares Company (S.A.S) Advantages: • Greater control of your employees • Better knowledge of local market, laws and regulation • Viewed more positively than a PEO solution Disadvantages: • High set-up/ongoing costs • Administration involved in managing a local company • Accounting and tax obligations
  5. 5. Professional Employer Organization www.bizlatinhub.com Advantages: • You can operate without forming and maintaining a local entity • Limited legal responsibility • Cost-effective way to convert international contractors into employees Disadvantages: • The PEO becomes a co-employer • Loss of control • Costs involved with PEO services • Compromised company culture International PEO is a method to employ staff without having your own company
  6. 6. www.bizlatinhub.com contact@bizlatinhub.com Are you looking to hire staff? As you are now aware, you have two options to hire staff: a) Through a Local Legal Entity or b) Through a PEO solution Need assistance hiring employees? Partner with Biz Latin Hub to learn how we can support you and your business in Latin America
  7. 7. Doing Business in Argentina? Learn More Here! www.bizlatinhub.com Corporate Law Firm Argentina: How Can We Help With Doing Business? Tips From Our Lawyer – Company Formation Argentina What are the Business/Company Accounting and Tax Requirements in Argentina?

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