The initiative is called “Invest in Neuquén” and includes tax benefits and tax exemptions. What are the main points of the official text.
The governor of Neuquén, Rolando Figueroasent this Tuesday to the Legislature the bill to promote investment and the development of various economic activities at the territorial level, ccontemplating incentives and benefits, both tax and financing, and access to properties in the private domain of the State
The initiative had been announced by the Neuquén president after the sanction of the Large Investment Incentive Regime (RIGI). In this way, the province generates local incentives to promote investments lower than those contemplated in the national regime. The initiative is called “Invest in Neuquén”.
Neuquén advances with its own RIGI
When sending the project, the governor argued that the Province “is faced with the challenge of revitalizing traditional sectors such as agriculture and livestock, which have seen their production decline in recent years.” He mentioned as an example a 23% decrease in the fruit area in the last decade.
In turn, he considered that Neuquén “has a unique opportunity to diversify its productive matrix,” promoting growth through investments in emerging sectors such as renewable energy and tourism. “This duality requires a comprehensive strategy that combines the recovery of established activities with the promotion of new sources of development,” he stated.
YPF Vaca Muerta.jpg
The proposed rule had been announced by Figueroa after the sanction of the Law Bases and Starting Points for the Freedom of Argentines, which created a Large Investment Incentive Regime (RIGI) for companies that invest more than US$ 200,000,000 in the country.
“The RIGI offers a favorable framework to promote the industrial and productive development of Neuquén. However, to make the most of this opportunity, it is necessary to implement a comprehensive strategy that combines the attraction of investments with the development of local capabilities, promoting innovation and the adoption of sustainable practices. In this way, we can ensure that the benefits of a comprehensive regime are distributed equitably and are consolidated over time.”, he noted.
What are the main aspects of the Neuquén RIGI?
- Promotion of Economic Development: The Law seeks to promote investments in key sectors such as industry, tourism, agricultural activity, and renewable energies, among others, with the aim of diversifying and strengthening the provincial economy, as well as promoting the development of Small and Medium Industry.
- Job Creation: Encourage projects that generate genuine employment, especially in strategic regions, promoting the hiring of local labor and the development of small and medium-sized businesses.
- Environmental Sustainability: Promote sustainable practices, contributing to the preservation of the environment while promoting economic growth.
- Regionalization and Equity: Promote investments that prioritize balanced development in all regions of the Province, responding efficiently to local needs.
- Innovation and Diversification: Promote projects that integrate innovative technologies, develop knowledge ecosystems and expand the productive matrix.
- Collaboration and Coordination: Promote cooperation between municipalities, the provincial government, and the private sector, ensuring a clear and efficient regulatory framework to attract investments
From the Neuquén administration they reported that “all this will be done taking into account the Provincial Regionalization Plancreated by Law 3480, consolidating a more inclusive, equitable and sustainable Province, where decisions are made jointly and the particularities of each of its seven regions are respected.
The project promotes the creation of the Neuquén Provincial Investment Committee (CPIN), as an Enforcement Authority, made up of officials from the Executive and Legislative Branches, positioning it as a key body to meet the objectives of the Law in an equitable and efficient manner, promoting the economic development of Neuquén with legitimacy and social support.
With the advice of the Provincial Innovation Council, the Executive Branch must approve the “Industrial and Productive Development Plan of the Province of Neuquén” that will establish provincial priorities in sectoral and regional terms.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
