There are so many places to consider for international business expansion that it can be challenging to narrow down the list. Look for a location that matches in its business climate to your growth needs. Consider Argentina, which may pose risks for you to consider, but has plenty of potential rewards for the international business market. More specifically, look at key factors such as economic status, industrial growth rates, quality of workforce, and potential investment opportunities to help shorten your list of countries for prospective expansion.
Fortunately, Argentina’s economy is growing, industrial growth rates are increasing, and there are great investment opportunities almost everywhere you look. Argentina’s government is also hyper-focused on healing their post-COVID economy, looking for new opportunities for growth. With all of this in mind, it may be a good idea to move Argentina to the top of your target destinations list.
Argentina’s high quality of life and fertile investment opportunities make it a country to consider investing and living in. The workers in this country have many strict laws that protect their interests, such as mandatory overtime pay and bonuses. This leads to a happier, stronger workforce, which, with higher unemployment resulting from the COVID pandemic, Argentina is making strides to improve.
Since Argentinian society is very relationship-driven, having a local contact for business, at least early on, is a must. You can employ this contact to make connections between your business and the dominant industries in Argentina, such as manufacturing. These industries keep the economy strong making it easier for businesses looking to expand to feel comfortable in their new market.
So, if you’re interested in entering a market filled with plenty of potential, Argentina might be your next destination. For more information, please download our Destination Guide: Argentina below.