What is RIGI?
The Incentive Regime for Large Investments (RIGI) is a strategic program approved by the Law of Bases and Starting Point for the Freedom of Argentines (Law 27.742) of 2024, designed to attract and encourage large-scale investments in Argentina. It offers significant tax, customs and exchange benefits, while establishing a solid legal framework to guarantee legal certainty and facilitate the realization of long-term investment projects.
What sectors are covered by the RIGI?
RIGI covers the following key sectors:
- Industrial Forestry
- Tourism
- Infrastructure
- Mining
- Technology
- Steel
- Energy
- Oil and Gas
In addition, RIGI includes Long Term Strategic Export projects, which seek to position Argentina as a reliable supplier in global markets with low current participation.
Who can access RIGI?
To access RIGI, investors must incorporate a Single Project Vehicle (SPV), whose sole purpose is the execution of a project approved under RIGI. The SPV cannot have any activities or assets unrelated to the project, except those necessary for the administration of the funds of the Vehicle.
The following corporate structures may be considered as SPVs:
Corporations (including sole proprietorships) and limited liability companies.
Branches of companies incorporated abroad (art. 118, Law 19,950).
Dedicated branches (art. 170, Law 27.742).
Transitory unions and other associative contracts.
What are the requirements to access the RIGI?
1 - Minimum investment: US$200 million, with the following exceptions:
US$300 million for oil and/or gas transportation and storage projects.
US$600 million for exploitation and production of gas and/or oil for export.
US$600 million for offshore oil and/or gas exploitation and production.
2 - Initial disbursement: 40% of the minimum investment amount must be executed in the first two years of the project. The Executive Branch may reduce this requirement, but not below 20%.
3 - Long-term Strategic Export Projects: US$ 2 billion (if disbursement is in stages, the minimum required is US$ 1 billion per stage).
4 - Project maturity: The ratio between the present value of expected net cash flow (excluding investments in the first three years) and the net present value of planned capital investments during that period must not exceed 30%.
What are the benefits of RIGI?
RIGI offers important benefits:
Tax and Customs Benefits:
Income Tax:
- Reduction of the tax rate from 35% to 25%.
- Accelerated depreciation (2 annual installments for personal property and according to useful life, reduced to 60% for infrastructure).
- Possibility of deducting tax losses without time limit and transferring them to third parties as from the 5th year.
- Dividends: Taxed at a 7% rate (3.5% after 7 years).
VAT: VAT on investments may be paid with Tax Credit Certificates.
Tax on Bank Credits and Debits: 100% can be computed as payment on account of Income Tax.
Customs Taxes:
- Exemption of import duties for capital goods, spare parts, parts and components.
- Exemption from export duties after 3 years (2 years for Long Term Strategic Export projects).
Exchange Benefits:
- Exports: Exception from the obligation to settle foreign exchange in the foreign exchange market:
- 20% after 2 years, 40% after 3 years, and 100% after 4 years (for standard projects).
- 20% after 1 year, 40% after 2 years, and 100% after 3 years (for Long Term Strategic Export projects).
- No obligation to enter and/or liquidate foreign currency corresponding to capital contributions, loans or services.
- No limitations on the holding of foreign assets and free access to the foreign exchange market for the payment of profits, dividends or interest to non-residents.
What legal guarantee do the benefits of RIGI have?
The projects adhered to the RIGI enjoy regulatory stability in tax, customs and foreign exchange matters for 30 years. The benefits cannot be affected by derogations or by the creation of more burdensome or restrictive regulations.
What is the deadline for submitting projects?
The RIGI is in force and investment projects may be submitted until July 8, 2026. The Executive Branch may extend this deadline only once for one more year.
Which provincial governments have adhered to RIGI?
The provinces may adhere to the RIGI “in all its terms and conditions”, which implies adapting their regulations to ensure consistency with the Regime.
More information on RIGI:
https://servicioscf.afip.gob.ar/publico/abc/ABCpaso2.aspx?id_nivel1=3368...
https://ftp.afip.gob.ar/rigi/procedimiento/inscripcion-vpu.asp
This document provides an overview of the Large Investment Incentive Regime (RIGI) and is intended for investors interested in exploring opportunities in Argentina.
Source: Argentine Investment and International Trade Agency
https://invest.inversionycomercio.ar/2025/02/06/rigi-2025/