Argentina offers numerous opportunities for entrepreneurs looking to establish themselves in the country. Whether you’re looking for commercial space, an office, or a warehouse, it’s essential to understand the Argentine real estate market and the necessary procedures. This article will guide you through the key steps to find the ideal location for your business in Argentina.
Secrets to Finding the Perfect Location in Argentina
Define Your Needs and Budget
Before starting your search for commercial space in Argentina, it’s crucial to clearly define your needs in terms of space, location, and budget. Consider the nature of your business, the number of planned employees, and your growth projections. Establish a realistic budget that accounts not only for rent but also for utilities and potential renovation work.
Explore Different Search Options
To find commercial space in Argentina, you can use several channels:
- Commercial real estate websites like Zonaprop, Argenprop, or Mercado Libre Inmuebles
- Local real estate agencies specializing in commercial property
- Professional networks and chambers of commerce
- Local newspaper and specialized publication listings
- Word-of-mouth and personal contacts
Visit Multiple Locations and Compare
Don’t settle for the first option that comes along. Visit multiple locations to get a precise understanding of the market and available opportunities. Compare the advantages and disadvantages of each option in terms of location, square footage, condition, and price.
Good to Know:
In Argentina, it’s common to negotiate lease terms. Don’t hesitate to discuss rent, lease duration, or potential renovations with the property owner or real estate agency.
Key Players in the Argentine Commercial Real Estate Market
Major Specialized Real Estate Agencies
Several reputable real estate agencies specialize in commercial property in Argentina:
- Cushman & Wakefield Argentina
- CBRE Argentina
- JLL Argentina
- Colliers International Argentina
- L.J. Ramos Brokers Inmobiliarios
These agencies have local expertise and a wide portfolio of commercial properties, offices, and warehouses in the country’s main cities.
Leading Online Platforms
In addition to traditional agencies, several online platforms have become references for finding commercial space in Argentina:
- ZonaProp Comercial
- Argenprop Comercial
- Mercado Libre Inmuebles Comerciales
- OLX Inmuebles Comerciales
These sites offer a wide selection of properties for rent or purchase, with advanced search filters to refine your criteria.
Good to Know:
Some of these platforms offer neighborhood rent estimation tools, which can help you get an idea of market prices.
Essential Documents to Finalize Your Lease
For Foreign Companies
If you’re a foreign company looking to lease commercial space in Argentina, you’ll generally need to provide the following documents:
- A certified copy of your company’s articles of incorporation translated into Spanish
- Proof of your company’s registration in your home country
- A power of attorney for the person authorized to sign the lease on behalf of the company
- Proof of address in Argentina (can be that of a local representative)
- Proof of financial solvency (bank statements, bank guarantees)
For Local Companies
Argentine companies will generally need to provide:
- A copy of the company’s articles of incorporation
- Tax identification number (CUIT)
- The company’s latest financial statements
- Rental guarantee (often in the form of a bank guarantee or security deposit)
- ID of the company’s legal representative
Good to Know:
It’s highly recommended to hire a local attorney specializing in real estate law to assist you in preparing and verifying the documents required for leasing.
Leasing Costs: What You Need to Know
Average Rents in Major Cities
Rents for commercial spaces, offices, and warehouses vary considerably by city and location. As a reference, here are some average monthly price ranges (in Argentine pesos) for 100m² spaces:
- Buenos Aires (downtown): 150,000 to 500,000 ARS
- Córdoba: 80,000 to 250,000 ARS
- Rosario: 70,000 to 200,000 ARS
- Mendoza: 60,000 to 180,000 ARS
Additional Fees and Charges
In addition to rent, you should budget for several additional fees:
- Common charges (expensas): approximately 10-20% of rent
- Property taxes (ABL): tenant’s responsibility, approximately 5-10% of rent
- Agency fees: typically 1 month’s rent + VAT
- Security deposit: often equivalent to 2-3 months’ rent
Good to Know:
Commercial rents in Argentina are often indexed to inflation. It’s important to carefully negotiate rent adjustment terms in the lease agreement.
Argentine Cities Offering the Best Low-Cost Opportunities
If you’re looking to minimize your setup costs, some Argentine cities offer interesting opportunities:
Córdoba: The Country’s Second City
As Argentina’s second-largest city, Córdoba offers a good balance between developed infrastructure and moderate costs. It’s particularly attractive for technology and automotive sectors.
Rosario: A Growing Logistics Hub
The country’s third-largest city, Rosario benefits from a strategic position for commerce and logistics thanks to its river port. Rents are generally more affordable than in Buenos Aires.
Mendoza: A Gateway to Chile
Located near the Chilean border, Mendoza is ideal for companies looking to develop cross-border activities. The city offers attractive rents and appreciated quality of life.
Neuquén: At the Heart of the Oil Region
For companies in the energy sector, Neuquén presents interesting opportunities with moderate setup costs and proximity to the Vaca Muerta oil and gas fields.
Good to Know:
These secondary cities often offer tax incentives and setup assistance to attract businesses, which can significantly reduce your installation costs.
Government Assistance to Facilitate Your Establishment
National Business Support Programs
The Argentine government has implemented several programs to encourage business establishment:
- The “Argentina Emprende” program offering funding and support to startups and SMEs
- The “Investment Promotion Regime” providing tax benefits for productive investments
- The “Parques Industriales” program facilitating establishment in developed industrial zones
Local Initiatives Not to Miss
Many Argentine provinces and municipalities offer their own establishment assistance programs:
- Buenos Aires: The “BA Emprende” program offers grants and support to startups
- Córdoba: The province offers tax exemptions for companies establishing in its industrial parks
- Mendoza: The “Mendoza Emprende” program offers financial assistance and logistical support to new businesses
Good to Know:
To benefit from these aids, it’s often necessary to present a detailed investment project and commit to creating local jobs. Don’t hesitate to contact local economic development agencies for more information about available programs.
Finding the ideal location for your business in Argentina requires good preparation and a thorough understanding of the local market. By following this article’s advice and working with local professionals, you’ll maximize your chances of successfully establishing yourself in this country of numerous opportunities.
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