US company considering moving Argentinian sub

[earlyretirement]

I would tend to agree, at least from a business perspective.

Between the high cost of doing business here, both in hard currency and time spent on staying in compliance, the anti-business climate, the adversarial relationship between employee and employer, the very real and continual threat of lawsuits, the ineffective banking system and the currency restrictions - there really is very little reason to stay here.

Too many better business options in SA that provide the same near-shore benefits, lower costs, a more "universal" Spanish if your employees are working in Spanish, a better business climate, less restrictions, etc.

Bingo! Living there still MIGHT make sense if you have on-going cash flow or income in foreign currency and it's stable and dependable and if you have a place paid purchased in the city. Although expenses keep going up, now with the informal blue rate, it definitely makes the cost of living cheaper.

But doing business there in Argentina is horrible! Especially when you do everything in white. It's a constant battle with the government, banking system or as Citygirl mentioned employees!

You can treat employees with respect, pay them well, give them extra benefits and they can still end up stabbing you in the back or when you are forced to fire them, they hire a lawyer and want to extract money from you that they don't deserve. Of course you can fight them with your lawyers but you will spend money on that option too.

The banking system is broken and the judicial system almost doesn't exist there.

Who knows...maybe it will make sense again after the next crash but right now it's a nightmare. But definitely not having a business there and only living there I'm sure is much less stress free vs. owning a business there.