President Mauricio Macri yesterday announced a plan called Argentina Emprende (“Argentina Undertakes”) that will allow new companies to be set up within 24 hours as well as simplify the whole legal process behind launching a business. The plan is comprised of two bills: The Entrepreneur Bill and the Collective Benefits and Interests Bill. Argentina ranks 157 out of 189 countries regarding company creation according to the Doing Business report by the World Bank, which classifies countries according to how easy it is to do business. Between that and the government’s continual search to bring in more investment, the bill could potentially reap enough support to be passed. However, it has yet to be presented and evaluated in Congress, so we’ll have to see the actual legislation before drawing conclusions.

Source: The Bubble August 19, 2016 15:11 UTC