Argentina Legal Essay

Submitted By AlexandreYeung1
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Legal

Argentina operates under a republic government, a president representative democratic republic. The president is head of both state and the federal government Constitution (Kozameh, Kozameh, Trajtenberg, Trajtenberg, 2001).

Argentina laws do not pose any restrictions on foreign investor therefore foreign investor have the same legal treatment as nationals under the Argentine constitution. Overseas companies may invest without former approval or registration conditions. They have unlimited access to all economic sectors and the same access to credit as local companies (Mastropierro, 2013).
This would benefit Grill’d, as it would allow a smoother expansion process to Argentina.
There are three official articles that standardize sanitary quality and stability, packaging and transportation of food products in Argentina. Those following policies are specific to Grill’d.
The National Service of Agricultural Food Health and Quality handles fresh, chilled, or frozen products and by-products of animal, plant and seafood origin. It also handles canned products containing over 60% animal origin and food preparations containing over 80% animal origin (Pirovano, 2009).
The National Food Institute regulates processed food products, which are prepared for direct human consumption, health supplements, and both alcoholic and non-alcoholic beverages, with the exception of wine (Pirovano, 2009).
The National Wine Institute exercises control over the authenticity of wine and wine products during their production, manufacturing, and marketing stages (Pirovano, 2009).
All three regulation will apply to Grilled due to fact that they server both meat and alcoholic beverage.
The laws of the place of incorporation as regards regulate all companies set up overseas to existence and form. In order to correctly function as branch, it is indispensable to confirm the existence of the head office overseas. The branches must keep accounting records separately from the head office and the financial statements of the former must be presented in the business control entity (PKF, 2012).
As an Australian resident, you will be taxed on your worldwide income. This means you are require declare all your foreign income on your Australian tax return fortunately Australia and Argentina have a international tax agreement which mean that if you paid tax in another country, you may be eligible for an Australian foreign income tax offset, which provide relief from double taxation (Australian Government Taxation Office, 2013).
In Argentina, labor relations are regulated by the Labor contract Act no. 20744, additional laws and collective Bargaining Agreements agreed upon both by trade unions as well as by companies (PKF, 2012).

The labor costs in Argentina are a noteworthy cost to business. Employer and employee contributions to social benefits are great and employees are responsible for obligatory inputs to health and pension. Employees
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