The Government made official this Friday the regulation of the Large Investment Incentive Regime (RIGI), As reported by Ambito. He did it through the Decree 749/2024 published in the Official Gazette. The objective of the RIGI is to regulate and implement an incentive system designed to attract large investments to different sectors of the Argentine economy.
The Government, in an 87-page annexspecified the sectors that can participate, the minimum amounts necessary to access the benefits, the advantages of the regime, and other key details that companies needed to make informed decisions.
The RIGI applies to the following sectors, “which are fundamental to the economic development of the country.”
RIGI: sector by sector
- Forestry sector: activities related to the production of products whose main input is wood, including the establishment of forests.
- Tourism Sector: activities aimed at lodging and accommodation services.
Infrastructure Sector: includes the construction of physical structures, networks and systems necessary for:
-Logistics and transportation (road, land, sea, rail, etc.).
-Recreation projects.
- Public services such as health, education, telecommunications, among others.
- Mining Sector: activities related to the prospecting, exploration, extraction, and exploitation of minerals.
- Technology Sector: pProduction of innovative technological goods and services in areas such as biotechnology, nanotechnology, mobility with new technologies, aerospace, nuclear, robotics, artificial intelligence, among others.
- Steel Sector: processing and industrialization of iron ore and steel.
- Energy Sector: activities related to the generation, storage, transportation and distribution of electrical energy from renewable and non-renewable sources, as well as other low-carbon energies and bioenergy.
- Oil and Gas Sector: includes activities such as the construction of plants, oil pipelines, gas pipelines, petrochemicals, refining, natural gas production, and exploration and exploitation of hydrocarbons, especially offshore.
These sectors are priorities within the framework of the RIGI, and investments in them They are designed to boost the country’s economic and strategic development, positioning it competitively in the global market, according to the Official Gazette.
Source: Ambito
