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

years of stability

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.

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.

Attract large investments

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

Attract large investments

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

Growth and competitiveness

Boost economic development and strengthen sectors with export potential.

More exports

Increase foreign sales of goods and services tied to admitted projects.

Jobs and local supply chains

Create employment and require a floor of local suppliers when market-quality offers exist.

Legal predictability

Tax, customs and FX stability so investors can plan over decades.

Federal coordination

Align the Nation, provinces and natural-resource authorities without erasing local powers.

Open to the world

Position Argentina as a long-term supplier in global markets where it still has little weight.

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

Accession: 2 years from entry into force, extendable once by up to 1 extra year
Application authority: 45 days to approve or reject the plan (essential deadline)
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 RIGI	PEELP
Export duties	Exempt from year 3 of accession	Exempt from year 2
Free availability of FX	20 / 40 / 100% in years 2 / 3 / 4	20 / 40 / 100% in years 1 / 2 / 3
Payments abroad	Ordinary income-tax rules	Exemption 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.

Corporate income tax

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

	General regime	Under RIGI
Corporate income tax	Progressive scale (up to 35%)	Flat 25% rate
Dividends	7% (no automatic step-down)	7%, then 3.5% from year 7
Export duties	According to NCM and current decree	0% from year 3 (year 2 if PEELP)
FX surrender	Full obligation to settle on the MULC	Phased release 20% → 100%
Depreciation	Ordinary useful life	Accelerated (2 instalments / 60% life)
Regulatory stability	The law can change at any time	30 years of stability for that VPU

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Approved projects

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Total investment

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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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RIGI changed the rules of the game

Origin and how the rules evolved

Law 27.742

Decree 749/2024

Decree 940/2024

Res. 484/2026

Decree 748/2026

Why RIGI exists

Attract large investments

Attract large investments

Growth and competitiveness

More exports

Jobs and local supply chains

Legal predictability

Federal coordination

Open to the world

Eligible sectors

How a project joins

Incentives on four fronts

Long-term strategic export projects (PEELP)

RIGI vs. the general regime

Corporate income tax

FAQ

RIGI changed the rules of the game

Law 27.742

Attract large investments

Attract large investments

Growth and competitiveness

More exports

Jobs and local supply chains

Legal predictability

Federal coordination

Open to the world

Who is excluded

Long-term strategic export projects (PEELP)

Corporate income tax

FAQ

Who can join?

Which sectors qualify? Does agribusiness count?

Is the minimum always USD 200 million?

What is a PEELP project?

Until when can a project apply?

How long do the benefits last?

How is a project approved?

Where are approved projects, and where do the figures come from?

See the projects already under way