Starting a company offshore can be a strategic move for Argentine entrepreneurs looking to expand internationally, optimize taxes, or protect their assets. Given Argentina’s strict foreign exchange controls and high tax burdens—corporate tax rates range up to 35%, and the country imposes both VAT (21%) and Gross Income Tax—many business owners seek alternatives abroad. The Cayman Islands, with its tax-neutral status, political stability, and strong financial services sector, has long been a preferred jurisdiction. Unlike Argentine regulations, where restrictions on foreign currency transactions and capital movement can deter international expansion, Cayman offers a straightforward company registration process, full foreign ownership, and no direct taxes on corporations or individuals.
In this guide, we’ll walk you through registering a Cayman Islands company from Argentina: the legal and financial requirements, necessary documentation, key steps in the process, and the critical compliance aspects to consider. Whether you're a Buenos Aires-based fintech entrepreneur, an exporter from Córdoba, or an investor navigating Argentina’s Controlled Foreign Corporation (CFC) rules and anti-tax-haven regulations, understanding the legal framework is crucial to avoiding potential tax and reporting obligations back home. Let’s explore how you can set up your Cayman company while ensuring full compliance with Argentine and international regulations.
Can you register a company in the Cayman Islands from Argentine?
Yes, individuals and business entities from Argentine can register a company in the Cayman Islands, as incorporation is possible from any country. The process does not require physical presence, and companies can be fully established and managed remotely. With over 120,000 registered companies in the jurisdiction, the Cayman Islands offer a favorable business environment with a streamlined regulatory system free of bureaucratic hurdles. Using Vepapu, entrepreneurs can ensure a smooth and legally compliant company formation process, conducted entirely online.
There are no residency requirements for directors or shareholders, making the Cayman Islands an attractive jurisdiction for international business. The incorporation process is digital, allowing business owners from Argentine to efficiently set up and operate their Cayman-based company without needing to visit the territory. With a well-established framework for remote company management, Argentine entrepreneurs can maintain full control over their business from anywhere in the world.
Common reasons for individuals and businesses from Argentina to incorporate in the Cayman Islands
Asset Protection
Argentine entrepreneurs and investors seek the Cayman Islands for enhanced asset protection against legal claims, political instability, and potential economic crises. By holding assets in a Cayman company, individuals can safeguard their wealth from local financial uncertainty and legal disputes.
Inheritance Planning
High-net-worth Argentine families utilize Cayman-incorporated structures to ensure smooth inheritance planning and minimize succession disputes. With flexible trust laws and private wealth management solutions, the Caymans provide a stable jurisdiction for transferring assets across generations.
Taxation Benefits
Argentina has high corporate and personal tax burdens, leading many business owners to explore tax-efficient jurisdictions like the Caymans. With no corporate, income, or capital gains taxes, a Cayman company allows for tax optimization within legal frameworks while meeting Argentine tax reporting requirements.
Holding All Assets and Properties
Wealthy Argentines often incorporate Cayman holding companies to manage diverse global assets, including real estate, shares, intellectual property, and investment portfolios. This structure simplifies administration, reduces tax liabilities, and enables seamless cross-border transactions.
Privacy
Strict financial disclosure rules in Argentina make the Cayman Islands an attractive option for those seeking greater financial privacy. While compliant with international transparency standards, Cayman incorporation allows beneficial owners to have a high degree of confidentiality compared to Argentine corporate registries.
Ease in Operating Business
Argentines conducting international business find the Cayman Islands appealing due to their efficient incorporation process, minimal bureaucratic requirements, and modern corporate laws. Offshore companies can be set up and fully operational in a matter of days, without stringent operational restrictions.
Less and Streamlined Compliance Requirements
Compared to Argentina’s complex tax and regulatory environment, the Caymans provide a business-friendly jurisdiction with fewer reporting and compliance obligations. There are no burdensome local audits, excessive tax filings, or intricate labor laws affecting corporate management.
Running a Restricted Business
Certain industries, such as financial services and crypto-related ventures, face heavy regulatory scrutiny in Argentina. Entrepreneurs in such sectors incorporate in the Cayman Islands to benefit from a more favorable regulatory environment while still complying with international financial standards.
Foreign Exchange & Capital Controls
Strict foreign exchange controls in Argentina limit access to U.S. dollars and complicate international business transactions. Incorporating in the Caymans allows companies and individuals to bypass these restrictions legally, ensuring free movement of capital for global trade and investments.
International Banking & Investment Flexibility
Many Argentine investors struggle with limited offshore banking and currency hedging options due to local restrictions. Cayman-incorporated entities gain access to top-tier international banks, unrestricted currency holdings, and a wide range of financial instruments for global wealth management.
Avoiding Local Political & Economic Instability
Frequent economic crises, inflation, and policy unpredictability drive Argentine businesses to seek stability in offshore structures. Cayman incorporation provides a hedge against financial turbulence, ensuring that assets and business operations are protected from domestic downturns.
Access to Global Investors & Venture Capital
Argentine startups and expanding enterprises benefit from Cayman incorporation when attracting venture capital, private equity, and global investors. Many international funds prefer Cayman-based structures due to their legal clarity, investor protections, and tax neutrality.
Intellectual Property (IP) Holding & Licensing
Tech entrepreneurs and creatives in Argentina use Cayman entities to hold and license intellectual property in a tax-efficient manner. This allows for better royalty management, minimized tax exposure, and easier monetization of patents, trademarks, and copyrights in global markets.
Reputation & Credibility in International Markets
A Cayman-based corporation provides Argentine businesses with an internationally recognized and reputable legal structure. This improves credibility among foreign clients, partners, and institutions compared to operating solely under an Argentine corporate framework.
Dual-Entity Structuring for Compliance & Optimization
Argentine firms with international operations often set up a dual-entity structure, maintaining a local presence while incorporating offshore for tax efficiency and legal benefits. This dual approach enhances overall business flexibility while ensuring compliance with both Argentine and global regulations.
What challenges could arise while incorporating a company in the Cayman Islands from Argentine?
Understanding Offshore Compliance
Argentine entrepreneurs looking to incorporate in the Cayman Islands must navigate complex offshore compliance regulations. The Argentine government has strict foreign exchange controls and tax reporting requirements for offshore entities. Ensuring full transparency with Argentine tax authorities is essential to avoid legal and financial complications.
Banking Limitations
Opening a corporate bank account for a Cayman Islands company can be challenging, particularly for Argentine business owners. Many international banks have stringent due diligence procedures and may require extensive documentation, including proof of funds, business plans, and personal financial records. Additionally, certain industries or politically exposed persons (PEPs) may face further scrutiny, increasing processing times.
Regulatory Changes
Incorporating offshore means keeping up with evolving tax laws both in Argentine and internationally. Argentina has strict regulations on foreign-held assets, and global frameworks such as the OECD’s BEPS (Base Erosion and Profit Shifting) initiative aim to curb tax avoidance. Changes in either jurisdiction could impact offshore company benefits, making professional guidance crucial.
Ongoing Maintenance Costs
While Cayman incorporation is a straightforward process, maintaining compliance involves ongoing expenses. Annual filings, registered agent fees, and economic substance requirements can add to operational costs. Fortunately, Vepapu ensures seamless, 100% online compliance management for Argentine business owners, simplifying these obligations.
Limited Local Operations
A Cayman Islands company is well-suited for holding assets, international trade, or investment purposes rather than physical business operations. Companies requiring a physical office, employees, or significant local presence may find the jurisdiction unsuitable for their needs. Understanding its role as an offshore financial hub is vital before setting up a business.
Different types of companies that can be registered in the Cayman Islands from Argentina
Exempted Company
An Exempted Company is the most popular choice for Argentine entrepreneurs and investors looking to establish an offshore business in the Cayman Islands. This type of company is ideal for international operations, as it does not require local business activities or residency. Exempted Companies benefit from minimal reporting requirements and no corporate taxes, making them attractive for asset protection, international trade, and investment holding structures.
Limited Liability Company (LLC)
A Cayman Islands Limited Liability Company (LLC) combines elements of a corporation and a partnership, offering flexible management and operational structures. Argentine business owners favor LLCs for their strong asset protection and pass-through taxation benefits, which can help simplify tax obligations in Argentina. Since LLCs do not have shares and are governed by an operating agreement, they are well-suited for joint ventures and private investment funds.
Foundation Company
A Foundation Company provides a unique corporate structure with the legal characteristics of both a company and a trust, making it a popular option for wealth management and philanthropic purposes. Argentine families and high-net-worth individuals often use Foundation Companies to protect assets and ensure succession planning without the complications of direct ownership. Unlike trusts, Foundation Companies have separate legal personalities, giving them enhanced legitimacy in international financial planning structures.
Limited Partnership (LP)
A Cayman Islands Limited Partnership (LP) is an ideal structure for Argentine investors involved in private equity, real estate, or venture capital funds. This entity consists of at least one general partner with unlimited liability and one or more limited partners with liability restricted to their investment. LPs benefit from flexible management structures and tax neutrality, making them highly beneficial for structuring investment funds with Argentine and international partners.
Special Economic Zone (SEZ) Company
A Special Economic Zone (SEZ) Company in the Cayman Islands is designed for businesses operating within designated SEZs, such as Cayman Enterprise City. Argentine tech startups, financial firms, and digital service providers seeking international expansion can take advantage of 100% foreign ownership, streamlined regulatory processes, and tax incentives. SEZ Companies benefit from a business-friendly environment that provides access to global markets while maintaining a physical presence in the Cayman Islands.
.webp)
Company Structures in the Cayman Islands: A Detailed Comparative Analysis
Read Now
Requirements to start a company in the Cayman Islands from Argentine
Members
For an Exempted Company in the Cayman Islands, at least one shareholder and one director are required, and they can be of any nationality, including Argentine. There are no residency requirements, meaning Argentine entrepreneurs do not need to appoint a local director or shareholder. In the case of a Limited Liability Company (LLC), the entity operates with members instead of shareholders, and at least one member is required. Similar to an Exempted Company, LLC members do not have to be residents of the Cayman Islands.
Registered Office and Registered Agent
Every company registered in the Cayman Islands must maintain a registered office on the islands. This office cannot be a P.O. box and must be a physical address provided by a licensed service provider. Additionally, businesses must appoint a registered agent who is authorized under local regulations. These agents handle filings, compliance, and official correspondence, ensuring that the company remains in good standing with Caymanian authorities.
Company Name Approval
Before incorporation, a company must obtain approval for its proposed name from the Registrar of Companies. Names must be unique, non-deceptive, and should not infringe upon existing trademarks or conflict with government-restricted words. Additionally, if an entrepreneur from Argentina wants to use words such as "Bank," "Trust," or "Insurance," they must secure additional regulatory approvals, as these terms imply licensed activities.
Minimum Share Capital
There is no minimum share capital requirement for incorporating an Exempted Company in the Cayman Islands, which is advantageous for Argentine investors seeking flexibility. While companies typically authorize a standard share capital amount of USD 50,000 (to benefit from minimum government filing fees), there is no requirement to deposit this sum immediately. LLCs, on the other hand, follow an ownership structure based on membership interests rather than share capital, providing more flexibility in structuring the company.
Incorporation Paperwork
For an Exempted Company, the primary incorporation documents include the Memorandum and Articles of Association (MAA), which outline the company's business purpose, shareholder rights, and internal governance structure. Argentine business owners must submit these documents to the Registrar of Companies for approval. In the case of an LLC, a Registration Statement must be prepared and filed instead of an MAA. These legal documents establish the entity’s operational framework and must align with Cayman Islands corporate regulations.
Due Diligence
Before incorporation, company founders and key personnel must undergo extensive due diligence as part of the Cayman Islands' strict anti-money laundering and compliance measures. This involves submitting certified copies of passports, proof of residential addresses (such as utility bills or bank statements), and professional references. Additionally, the proposed business activity will be assessed to ensure compliance with international financial regulations, meaning an Argentina-based entrepreneur must clearly define the nature and legitimacy of their business before proceeding with registration.
For Individuals:
The following documents are required for every individual member (directors, shareholders, and ultimate beneficial owners)
A certified true copy (scanned version) of a bank statement or utility bill (e.g., electricity, gas, water, internet, cable, waste management, and sewage).
Copies of the last two tax returns, a letter of employment, a letter from an accountant certifying your annual income, or financial statements or bank statements from the last 2 years.
A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.
A detailed description of your business activities (products and services, sectors, major operating countries), and business model.
For Corporations:
The following documents are required for every corporate member (corporate directors, corporate shareholders, and ultimate beneficial owners)
Certificate of Incorporation
Memorandum and Articles of Association / Constitution
Register of Director
Register of Shareholder / UBO
Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).
How to Register a Company in the Cayman Islands from Argentine?
Step 1: Decide the Entity Structure
Single Entity Structure
A standalone Cayman Islands company is a popular choice for Argentine entrepreneurs and investors looking for a tax-neutral corporate setup. This structure is commonly used for international trade, asset protection, and investment purposes, offering flexibility and global reach while maintaining confidentiality. For an Argentine businessperson, setting up a single entity in the Cayman Islands ensures a strong legal framework, minimal reporting requirements, and no direct taxation on corporate income. This setup allows for straightforward administration while providing international credibility.
Double Entity Structure
A double entity structure involves incorporating a Cayman Islands holding company, which owns an operational company based in Argentina. This is an effective model for foreign investment, as it allows businesses to channel profits through the Cayman entity in a tax-efficient manner while maintaining an active presence in the Argentine market. This structure is commonly adopted by companies involved in cross-border trade, technology, or investment management. By using a Cayman holding company, businesses can benefit from enhanced asset protection, ease of ownership transfers, and improved international expansion capabilities.
Multiple Entity Structure
Argentine investors managing diverse business interests or large-scale international ventures may opt for a multiple entity structure. This involves a Cayman Islands holding company that controls multiple subsidiaries in different jurisdictions, such as Argentine, the US, or Europe. This model is frequently used by investment funds, real estate firms, and multinational corporations for asset diversification and risk management. A Cayman holding entity can centralize control while allowing subsidiaries to operate seamlessly in different regulatory environments.
Step 2: Paperwork and Company Incorporation
Before registering a company in the Cayman Islands, the first step is to check the availability of the preferred company name and reserve it with the Registrar of Companies. This ensures that no other entity is using the same or a similar name, preventing potential conflicts. Next, corporate documents must be prepared and submitted. For an exempted company, this includes the Memorandum and Articles of Association (M&AA), while for an LLC, a Registration Statement is required. Once these documents are reviewed, the registry may request clarifications before granting final approval.
Step 3: Opening a Bank Account
Opening a bank account for a Cayman company is not mandatory. However, if needed, the account can be opened in the Cayman Islands or any other jurisdiction, including Argentina. Each bank has its own requirements regarding initial deposits, minimum balances, and physical visits, which should be considered when selecting a financial institution.
Many Argentine investors choose to maintain banking relationships in well-established financial hubs like Hong Kong, Singapore, Switzerland, or the UAE for international transactions. A Cayman company can also set up offshore accounts in multiple jurisdictions to facilitate global business operations.
Alternatively, digital banking services offer a flexible solution for companies that do not require traditional banking arrangements. These can provide efficient online transactions, lower fees, and simplified access to international payment networks.
Step 4: Apply for Licenses (if required)
Depending on the business activities, specific licenses may be necessary for operating a Cayman Islands company. If involved in financial services such as investment management or asset trading, a Financial Services License is required.
For businesses engaged in cryptocurrency or blockchain-related activities, obtaining a Virtual Asset Service Provider (VASP) License is mandatory. This ensures compliance with local and international regulations governing digital asset transactions.
Companies offering insurance or reinsurance services must apply for an Insurance & Reinsurance License. This is essential for businesses operating in risk management, life insurance, or captive insurance services.
.webp)
Certificate of Incorporation provided by the Registry in the Cayman Islands approving your company's incorporation
What are the Annual Compliance Requirements in the Cayman Islands?
Filing an Annual Return
All companies registered in the Cayman Islands must file an Annual Return with the Registrar of Companies. This filing is a straightforward declaration that confirms the company's continued operation and compliance with local regulations, including the accuracy of its registered details. The submission deadline is January 31 each year, and failure to file on time may result in penalties or the eventual striking-off of the company from the register.
Payment of Annual Government Fees
Companies must pay an annual government fee, the amount of which depends on the company's classification, such as an exempted company, ordinary resident company, or special economic zone company. These fees are typically due by January 31 each year. If a company fails to make the payment on time, it may incur late penalties, and continued non-payment could lead to serious consequences, including dissolution.
Maintaining a Registered Office and Registered Agent
Every Cayman Islands company is required to maintain a registered office and appoint a licensed registered agent. The registered office must be a physical address in the Cayman Islands, often provided by a corporate services provider, where official documents and notices can be received. The registered agent serves as the main point of contact for regulatory and legal matters, ensuring the company remains in compliance with all statutory obligations.
Economic Substance Compliance (If Applicable)
Certain Cayman Islands entities, particularly those engaged in "relevant activities" such as banking, insurance, and fund management, must comply with Economic Substance requirements. These companies must demonstrate that they have substantial activities and a physical presence in the Cayman Islands, which may include maintaining local staff, an office, and conducting core income-generating operations. To remain compliant, affected businesses must submit an annual Economic Substance Notification and, if required, a detailed report to the Cayman Islands Tax Information Authority (TIA).
Registers Maintenance and Record Keeping
Companies must maintain statutory registers, including the register of members, directors, and ultimate beneficial owners, which must be kept up to date and available at the registered office. Additionally, businesses are required to keep proper accounting records reflecting all transactions and financial positions for at least five years. While financial statements do not need to be publicly filed, they should be sufficient to provide a true and fair view of the company's financial health if requested by regulators.
Industry Specific Compliance for Regulated Entities
Entities involved in regulated sectors, such as investment funds, insurance, and banking, must comply with additional oversight from the Cayman Islands Monetary Authority (CIMA). This includes submitting periodic regulatory filings, adhering to anti-money laundering (AML) rules, and conducting annual audits where applicable. Non-compliance with these stricter obligations can result in enforcement actions, penalties, or the revocation of regulatory licenses.
Non-Compliance Implications
Failure to fulfill annual compliance obligations can have serious consequences, ranging from financial penalties to the company's deregistration or dissolution. Companies that do not maintain proper records, miss filing deadlines, or fail to comply with Economic Substance requirements may also face scrutiny from the Cayman Islands authorities. In cases of serious violations, directors and shareholders may be subject to legal repercussions, affecting their ability to conduct business in the jurisdiction in the future.
Annual Filings, Renewals, and Reporting Requirements for the Cayman Islands Company
Read Now
Other Considerations in Forming a Company in the Cayman Islands from Argentina
Double Taxation Agreement (DTA)
Argentina does not have a Double Taxation Agreement (DTA) with the Cayman Islands. This means that income generated through a Cayman entity may still be subject to Argentine taxation without the benefit of deductions or exemptions commonly found in jurisdictions with DTAs. Argentine tax authorities may require local taxpayers to justify transactions involving Cayman structures to ensure compliance with transfer pricing and anti-avoidance regulations.
Permanent Establishment (PE)
If a Cayman company maintains a substantial presence or conducts business activities in Argentina, it could be deemed to have a Permanent Establishment (PE) in the country. This would subject the company to Argentine corporate taxes on local income, potentially offsetting the tax advantages of an offshore structure. Ensuring that management, decision-making, and business operations remain offshore is key to avoiding unintentional PE designation.
Controlled Foreign Corporation (CFC) Rules
Argentina’s CFC rules may impact the taxation of profits earned by a Cayman-based entity if it meets the conditions of an Argentine-controlled foreign company. If an Argentine tax resident owns a significant share in a Cayman company that generates passive income, the profits might be attributed to the individual or parent company in Argentina and taxed accordingly. Maintaining robust documentation and ensuring that the offshore entity carries out substantive activities can help mitigate the impact of CFC rules.
Economic Substance (ES) in the Cayman Islands
Cayman Islands companies engaged in certain sectors, such as financial services, must comply with Economic Substance (ES) requirements. This includes proving that the company has adequate physical presence, employees, and business activities within the Cayman Islands. While entities used strictly for holding purposes may face less stringent requirements, Argentine beneficiaries should verify ES compliance to prevent tax authorities from questioning the legitimacy of an offshore structure.
Transfer Pricing
Argentine tax authorities closely monitor transactions between local entities and related offshore companies to ensure they conform to transfer pricing regulations. Payments to a Cayman company, such as management fees, royalties, or interest, must align with the arm’s length principle. Non-compliance may lead to adjustments, additional taxes, and penalties, making it essential for businesses to substantiate pricing arrangements with proper documentation.
Visa and Residence
Owning a Cayman company does not automatically grant residency rights, and Argentine entrepreneurs looking to relocate must comply with local visa requirements. The Cayman Islands offers investment-based residency programs, but applicants need to meet financial thresholds and demonstrate economic contributions. For those staying in Argentina while managing an offshore company, reporting foreign assets under local tax regulations remains an important consideration.
How Vepapu Can Assist You in Opening Your Company in the Cayman Islands from Argentine?
Vepapu streamlines the process of setting up a Cayman Islands company for entrepreneurs in Argentine, handling everything remotely so you never have to leave your country. From securing name approval to delivering your Certificate of Incorporation, Vepapu ensures a smooth and efficient registration experience. Their team assists with banking solutions, guiding you through account openings in the Cayman Islands, Argentine, or international financial centers. Additionally, Vepapu manages all essential compliance requirements, including filing annual returns and ensuring compliance with Economic Substance (ES) regulations when applicable. With their expertise in offshore business formation, Argentine entrepreneurs can confidently establish a tax-efficient structure in the Cayman Islands without unnecessary delays. Whether you're a startup, an investor, or an expanding business, Vepapu's tailored approach helps you navigate regulations effortlessly, making your offshore company a reality with minimal effort.
Frequently Asked Questions while forming a company in the Cayman Islands from Argentine
Can I form a company in the Cayman Islands from Argentine?
Yes, Argentine residents and businesses can incorporate a company in the Cayman Islands without needing to be physically present. The Cayman Islands is a popular offshore jurisdiction known for its tax-neutral status, privacy, and ease of incorporation. The entire incorporation process can be handled remotely using a registered agent in the Cayman Islands, which is a legal requirement.
Does Argentine have any tax treaties or agreements, such as DTA (double taxation agreements), with the Cayman Islands?
No, Argentine does not have a double taxation agreement (DTA) or any specific tax treaty with the Cayman Islands. This means that any income or transactions involving a Cayman Islands entity will be subject to the domestic tax laws of Argentine, without the benefit of tax relief under a treaty. Argentine applies a worldwide income taxation system, requiring residents to declare and pay taxes on foreign income, including income earned through a Cayman entity.
Does the Cayman Islands share any details with the Argentine government and authorities?
The Cayman Islands participates in global transparency initiatives, including the Common Reporting Standard (CRS), through which it automatically exchanges financial account information with the Argentine tax authorities. This means that if you hold an account in a Cayman Islands financial institution, details may be reported to Argentine’s Federal Administration of Public Revenue (AFIP). However, general corporate information, such as ownership details, is not publicly accessible unless required for legal or regulatory purposes.
Does Argentine recognise the company documents issued by the Cayman Islands?
Yes, Argentine recognises company documents issued in the Cayman Islands if they are apostilled under the Hague Convention. Both the Cayman Islands and Argentine are members of the Apostille Convention, meaning that official Cayman Islands documents, such as the Certificate of Incorporation and company resolutions, can be legally accepted in Argentine after obtaining an apostille. This process ensures their validity for legal and business purposes without needing further authentication.
Do I need any approvals from the Argentine government to incorporate a company in the Cayman Islands?
No specific prior approval from the Argentine government is required to incorporate a company in the Cayman Islands. However, Argentine residents must comply with domestic financial disclosure and tax obligations. If the Cayman entity is used for business operations that involve Argentine residents or assets, reporting requirements and potential tax liabilities under Argentine regulations may apply.
Can I open a bank account for my Cayman Islands company in Argentine?
Yes, it is possible to open a bank account for a Cayman Islands company in Argentine if the bank is willing to provide services to an offshore entity. The Cayman Islands does not impose any restrictions on companies opening bank accounts in other countries, including Argentine. If you have an existing banking relationship or find it more convenient to operate through an Argentine bank, you may do so. However, Argentine banks may require extensive documentation to ensure compliance with regulatory standards.
Can I operate my Cayman Islands company from Argentine?
Yes, you can manage and operate your Cayman Islands company while residing in Argentine. There are no legal restrictions preventing an Argentine resident from running a Cayman entity. However, from a taxation standpoint, if the company is effectively managed and controlled from Argentine, the Argentine tax authorities may consider it a tax resident entity, subjecting it to local tax obligations. It is crucial to maintain proper corporate governance and accounting compliance in both jurisdictions.
Are Cayman Islands companies blacklisted or restricted in Argentine?
Yes, the Argentine government has classified the Cayman Islands as a non-cooperative jurisdiction for tax purposes in the past. This designation can lead to higher taxation rates on transactions involving Cayman entities, as Argentine has specific anti-avoidance rules aimed at discouraging tax avoidance. It is advisable to review Argentina’s current tax stance towards Cayman entities to assess any potential tax implications and compliance requirements.
Can a Cayman Islands company hold property or real estate in Argentine?
Yes, a Cayman Islands company can legally own property or real estate in Argentine. However, there may be additional scrutiny from Argentine regulatory authorities when a foreign offshore entity is involved in real estate transactions. Additionally, any income derived from the property, such as rental income or capital gains from a sale, may be subject to local taxes in Argentine. Proper structuring and tax planning are essential to ensure compliance.
Can I hire employees in Argentine through my Cayman Islands company?
Yes, a Cayman Islands company can hire employees in Argentine, but doing so requires compliance with local labor laws, tax regulations, and social security contributions. Since the company is a foreign entity, it may need to register as a foreign employer in Argentine or set up a local branch or subsidiary. Employers must ensure proper contracts, payroll setup, and tax withholding procedures to meet Argentine employment regulations.
.webp)
.svg){kind=icon}
.webp)
.webp)
.webp)
.webp)
%20(1).png)
.webp)
.svg)
.png)
.webp)
.png)
.png){kind=small}
