A new bill in Argentina (the “Bill”) creates an incentive investment regime called the “RIGI” to foster significant investments in certain sectors.
Under the RIGI regime, the qualification as a “Large Investment” project requires that the project’s sponsor certifies that the acquisition, production, construction, and/or development of assets that involve an investment amount, per project and in computable assets, is equal to or higher than USD 200,000,000. The Executive Branch may increase such threshold per productive sector or stage up to USD 900,000,000. RIGI may apply to the following sectors: forestry, infrastructure, mining, energy & technology, tourism, oil & gas and steel.