Through Decree No. 209/2024 published in the Official Gazette on 03/01/2024, a new amount of social capital required for the constitution of public limited companies ("S.A.")
Through Decree No. 209/2024 published in the Official Gazette on 03/01/2024, a new amount of social capital required for the constitution of public limited companies ("S.A.") is established, thus modifying what is stipulated by the article 186 of the General Companies Law No. 19,550. In this way, since the entry into force of the Decree (that is, on 03/01/2024), the minimum capital required to establish an S.A. is modified from $100,000 (One hundred thousand pesos) to $30,000,000 (Thirty million pesos).