RIGI.ar
RIGI · large-scale investmentLaw 27.742 · Arts. 164–228

RIGI changed the rules of the game

The Large Investment Incentive Regime is the legal framework that gives certainty, stability and management freedom to large-scale projects. It was created by the Bases Law to attract domestic and foreign capital, raise exports and plug Argentina into global supply chains.

Title VII of Law 27.742

USD 200 M

minimum investment

30

years of stability

8

strategic sectors

Origin and how the rules evolved

From the statute to the regulation and later tweaks. Each milestone defined how a project joins and which incentives apply.

Milestone 1 of 8

Why RIGI exists

Seven statutory goals: this is not a one-off subsidy, it is a paradigm shift so large investments can be executed under predictable rules.

Goal 1 of 7

Attract large investments

Domestic and foreign capital for projects at a scale the general regime could not unlock.

Eligible sectors

RIGI applies to large investments in these eight sectors (art. 167). There is no generic “industry” bucket and no standalone agribusiness category.

  • Forestry industry
  • Tourism
  • Infrastructure
  • Mining
  • Technology
  • Steel
  • Energy
  • Oil and gas

Source: art. 167, Law 27.742

How a project joins

Only a Single-Project Vehicle (VPU) with an approved investment plan gets in. The floor is high on purpose: the regime is built for long-horizon bets.

Who can apply
  • Corporations (including single-shareholder) and LLCs
  • Branches of foreign companies and dedicated branches
  • Temporary unions and other associative contracts
  • Infrastructure or service concessionaires operating in competition, if they qualify as a Large Investment
  • Suppliers: only the customs franchise for goods destined to an admitted VPU
Amounts
USD 0 M

Drag to explore the thresholds

USD 200 M
General floor in computable assets
USD 900 M
Ceiling the Executive may set by sector
USD 1,000 M
Minimum per stage for PEELP

In the first 2 years at least 40% of the minimum must be executed (the Executive may lower that share, never below 20%).

Deadlines
  1. Accession: 2 years from entry into force, extendable once by up to 1 extra year
  2. Application authority: 45 days to approve or reject the plan (essential deadline)
  3. Long-term test: the net-cash-flow / capex ratio over the first 3 years cannot exceed 35% (Res. 484/2026; the statute started at 30%)

Incentives on four fronts

This is not a blanket tax holiday: it is a package of rates, calendars and FX freedoms designed so a long-maturity project can close.

  • 25%

    Corporate income tax

    Flat rate for the VPU, without the general progressive scale.

  • 7% → 3.5%

    Dividends

    7% at the start; drops to 3.5% from year 7 of accession. It does not fall to 0%.

  • 2 instalments

    Accelerated depreciation

    Movable assets in at least 2 annual instalments. Infrastructure, mines and forests: useful life cut to 60%.

  • No cap

    Tax losses

    Carried forward with no time limit. After 5 years they may be transferred to third parties.

  • CCAF

    VAT on investments

    VAT on capital goods and infrastructure is settled with Tax Credit Certificates.

  • 100%

    Bank debit/credit tax

    Fully creditable against income tax. It is not an exemption.

Special category

Long-term strategic export projects (PEELP)

Projects that can position Argentina as a new global supplier in markets where it still lacks relevant share. They require more capital and, in return, bring benefits forward.

Minimum investment per stage

USD 1,000 M

Standard RIGIPEELP
Export dutiesExempt from year 3 of accessionExempt from year 2
Free availability of FX20 / 40 / 100% in years 2 / 3 / 420 / 40 / 100% in years 1 / 2 / 3
Payments abroadOrdinary income-tax rulesExemption for freight, international transport and EPC services; 30% deemed net income on other payments, with no grossing-up

RIGI vs. the general regime

The differences that change the cash flow of a long-maturity project.

Difference 1 of 6

Corporate income tax

General regime
Progressive scale (up to 35%)
Under RIGI
Flat 25% rate

23

Approved projects

USD 49,767 M

Total investment

100,775

Jobs (direct and indirect)

FAQ

See the projects already under way

Every accession is published in the Official Gazette. We group them, map them and keep them up to date.

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