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.

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