Why Argentina
Knowledge-based service industry in Argentina is in its prime, having experienced a decade’s steady growth, driven by the outstanding talent of our human resources, a favorable time zone, a good business environment and a high-quality local technological infrastructure.
Argentina is the world’s leading software developer and exporter, with more than 4,200 companies in the sector. Argentina is also a Latin-American referent in the area of agribusiness technology services (AgTech) and it is gaining ground in the FinTech and videogame industry.
STRONG FUNDAMENTALS AND SOLID PROSPECTS FOR SUSTAINABLE GROWTH
- 3rd largest economy in Latin America, GDP (2016) of USD 586 bn.
- 2nd highest GDP per capita in PPP terms in the region, USD 22,500.
- World’s 1st largest exporter of soybean oil, 2nd largest producer of lemons and 3rd largest exporter of corn.
- Abundant oil & gas (2nd largest shale gas reservoir), renewable energy (solar and wind), water and mineral resources.
- Nationwide road & railway systems (+35,000 km), 43 ports & 54 airports.
QUALIFIED HUMAN RESOURCES:
- 1st in Tech Skills in Latin America (Coursera).
- 1 st in English proficiency in Latin America.
- 2nd in the creation of the most valuable companies in the region.
- Highly-qualified human resources.
- Excellent combination of skills and attitude.
- The Public University of Buenos Aires (UBA) is ranked #8 in Latin America and #66 in the world (QS World University Ranking, 2020).
- Approximately 90,000 international students come to Argentina to study every year.
COMPETITIVE ADVANTAGES
- Located in a convenient time zone, compatible with the US and Europe.
- Highly competitive cost structure.
- Established sector (+12 years).
- Fiscal incentives (Law No. 27,506, setting forth a new tax regime for knowledge-based services, is pending approval from the Senate).
- Quality office space at affordable prices (below the regional average).
IN NUMBERS:
- 1st largest software, IT and audiovisual services exporter in the Southern Common Market (MERCOSUR).
- 3rd largest export industry in Argentina, totaling USD 6,100 million in 2019.
- 5 out of the 16 Latin American “unicorns” are Argentinian (Despegar, Mercado Libre, Globant, OLX and Auth0)
- More than 40 technology clusters throughout the country
- +440K highly-qualified professionals
- +110K tech graduates
- +18K employees of top global service firms have already established shared service centers.
- 95% of the total knowledge-based services developed in the country are exported, mainly to the United States, Europe and Asia.
- 0,4% of the world’s knowledge-based services exports are Argentinian.
