Large Investment Incentive Regime (RIGI)

Country / jurisdiction: Argentina · Year: 2024 · Status: In force · Level: National · Type: Voluntary

Title VII of Law 27 742 on Bases and Starting Points for the Freedom of Argentines established the Large Investment Incentive Regime ("RIGI") with the aim of granting incentives, certainty, legal security and protection of rights for vehicles that own a project that meets the established requirements. The Regime was operationalised by way of Decree 749 of 2024 (22 August 2024).

RIGI covers projects in the forest industry, tourism, infrastructure, mining, technology, steel, energy, oil and gas sectors. In relation to mining, RIGI specifically covers prospecting, exploration, development, preparation, extraction and exploitation of mineral substances. The projects in the mining sector must have a minimum investment amount of USD 200 million.

This regime provides significant incentives to encourage investment. It offers significant tax reductions and exemptions, simplified customs procedures and exemptions from certain duties to facilitate the import of necessary equipment and materials. Additionally, it guarantees stability in foreign exchange rates to protect investors from currency fluctuations.

A key feature of RIGI is its normative stability, ensuring that the legal and regulatory framework remains stable for 30 years. This long-term security protects investors from sudden changes in laws and regulations that could negatively impact their investments. The government provides support and assistance to investors throughout the investment process, ensuring a favorable environment for large-scale investments. Regular monitoring and evaluation of the investments are conducted to ensure compliance with the established criteria and objectives.

Official source: https://servicios.infoleg.gob.ar/infolegInternet/anexos/400000-404999/401266/norma.htm