The recently introduced RIGI (Regimen de Incentivo para Grandes Inversiones) program, proposed by Argentina’s President Javier Milei, is designed to attract significant foreign investments, particularly in key industries like mining, energy, and agribusiness. This program provides a range of long-term incentives for projects exceeding $200 million, targeting sectors essential to Argentina’s economic growth.

Key features of the RIGI include a reduced corporate tax rate of 25% (down from the standard 35%) for a 30-year period, as well as exemptions from new taxes during this time. To facilitate foreign investment, RIGI permits gradual reductions in the requirement for companies to convert export earnings into Argentine pesos, ultimately allowing full retention in U.S. dollars after four years. Additionally, the program exempts projects from import duties on capital goods and export duties for the first three years, making it financially advantageous for international firms

RIGI also establishes investor-friendly policies, including international arbitration for disputes, aiming to create a stable environment for long-term foreign investments. However, some critics argue that the extensive incentives may prioritize foreign profit over Argentina’s local supply chain development, potentially impacting domestic industries. Despite these concerns, the program has seen widespread support as it positions Argentina as a more attractive hub for industries like lithium and copper, which are vital in clean energy technology

RIGI’s ambitious structure may significantly enhance Argentina’s competitive stance for foreign investors in the region, while fueling sectors critical to both national and global markets.