Argentina has created an Evaluation Committee for projects of the Large Investment Incentive Regime (RIGI), contemplated in the Basic Law with the purpose of grant tax, customs and exchange benefits to companies that want to invest in the country.
The Ministry of Economy promoted this measure in la Resolution 814 / 2024 (BO-03.09.2024), which establishes that the Evaluation Committee "will be responsible for the final evaluation of the applications for membership in the RIGI and the investment plans submitted by the Single Project Vehicles (VPU)."
Additionally, it determines that the Evaluation Committee "will issue a conclusive report which, based on the assessments made in the technical reports produced by the departments with technical competence in the matter, will recommend the approval or rejection of the applications for membership in the RIGI."
“Likewise, the functions of the RIGI Project Evaluation Committee will be to approve its internal regulations, keep a record of the minutes of the meetings held and submit the final report with its recommendations to the ministerial authority,” the regulations add.
To this end, the Resolution 828 / 2024 clarifies how the committee is composed. Namely: “it will be made up of the head of the Executive Vice-Chief of the Cabinet of Ministers, the head of the Secretariat for Strategic Regulatory Planning of the Presidency of the Nation and the heads of the Secretariats of Energy and Mining Coordination, Production and Infrastructure, and the Secretariats of Finance, Treasury and Legal and Administrative, all of the Ministry of Economy.” And it specifies that the RIGI Coordination Unit will be headed by the Coordinating Secretary of Energy and Mining.
The Ministry of Economy's regulations are effective immediately.
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