DPPJ: New regime for foreign companies in the Province of Buenos Aires
Under Provision No. 64/2024, which came into effect on July 17, 2024, the Public Registry of Commerce of the Province of Buenos Aires (“DPPJ”) approved significant amendments to the regime applicable to companies incorporated abroad that aim to register or are in the process of registering with the DPPJ to carry out habitually their activity in Argentina or establish a seat, branch, or any form of permanent representation (Article 118 of the Argentine Companies´ Law, hereinafter the “ACL”), or participate in local companies (Article 123 ACL).
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