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Compliance
Assistance in the design, implementation and monitoring of Compliance programs within the framework of local and international regulations (FCPA, Corporate Criminal Responsibility Law), including course delivery.
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ESG & Sustainability
Projects related to ESG (environmental, social and governance) and Sustainability.
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Forensic
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Grant Thornton's Human Capital division has a team of professionals determined to accompany individuals and organizations throughout the relationship between the employee and the organization.
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Organizational restructuring
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Financial audit projects and special technical and concurrent reviews of programs of national and subnational governments financed by International Credit Organizations. Special projects for government entities, public and mixed companies.
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Valuation Services
We provide stock, business, asset, and liability valuations in support of negotiations, account structuring, and tax opportunities.
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The service offer includes financial due Diligence, operations services, business and strategic intelligence, ratings, advice on mergers and acquisitions, capital markets and debt advice.
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Academy - Empowered by Grant Thornton Argentina & Perú
Academy is an e-learning platform that emerged as a joint initiative of Grant Thornton Argentina and Grant Thornton Perú. It is designed so that everyone can acquire new skills in accounting, auditing, taxes, technology and business through access to multiple courses and certifications.
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External audit
We offer services of external audit of financial statements; assurance reports, agreed procedures and certifications; due-diligence and take-over of companies.
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Audit methodology and technology
At Grant Thornton we use a single audit methodology across our global network. We apply it through an integrated set of software tools known as the Voyager suite. Meet it now.
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Professional standards and training
Our IFRS advisors can help you navigate the complexity of the standards so you can spend your time and effort on your business.
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Prevention of money laundering and financing of terrorism
At Grant Thornton we provide advice to our clients in the development of an Asset Laundering and Terrorist Financing Prevention strategy that allows them to prevent risks in a comprehensive manner.
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Accounting, administration and finance services
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Start-up companies
Learn about our solutions to help build your business.
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Financial statements audit
We offer services of external audit of financial statements; assurance reports, agreed procedures and certifications; due-diligence and take-over of companies.
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FIU Independent External Reviewer - AML/CFT
We participate in the implementation of the requirements of the FIU in leading companies and our services ensure an orderly framework, optimizing the investment.
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Internal audit
An internal audit helps identify gaps, deficiencies, and potential for inherent risk in all facets of the organization.
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Legal audit
The monitoring of the legal area is usually a complex and difficult task for organizations, which however cannot be neglected.
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Creation and acquisition of Financial Entities
We have the knowledge and experience in activities related to the acquisition and creation of financial entities, both locally and internationally.
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Responsible for regulatory compliance
At Grant Thornton we offer the service of acting as "Responsible for Regulatory Compliance and Internal Control" for companies that requested registration as Settlement and Clearing Agent and Trading Agent.
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Global Mobility Services
Sending someone abroad involves liabilities and obligations. We offer interesting solutions to minimize the tax burden for both parties.
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Direct Tax
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Indirect Tax
Grant Thornton's tax teams take a rigorous approach to help you meeting your tax obligations, whatever challenges you may face along the way.
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Services to private clients
Wherever you are in the world, our tax specialists can help you with your interests and investments abroad.
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Clean energy and technology
Growing demand, development of new ways of energy and need of a sustainable future: we accompany our client in these changes and to be one step ahead.
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Mining
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Fintech
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Asset management
We have specialized teams in more than 140 markets delivering solutions regarding insurance, taxes and advisory to global, international, regional, local asset managers.
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Insurance
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Switzerland is the seventh external investor in Argentina, while Argentina ranks fourth as a trading partner of Switzerland in Latin America, with more than 70 companies with direct investments in the territory.
During the first semester of 2023, according to data from INDEC, Argentina has maintained an intense commercial relationship of US$994.20 million, with a favourable balance of US$409.29 million. In 2022, the positive balance grew by almost 20% -to US$506 million- compared to 2021, as a result of exports of US$1,092 million (+14.3%) and imports totalling US$586 million (+10.2%).
About Switzerland and Argentina
Formal relations between Switzerland and Argentina began in 1834, with the arrival of the first designated Swiss Consul in Buenos Aires. One hundred years later, the Federation of Swiss Societies in the Argentine Republic was formed, which gave rise to the Argentine Swiss Chamber of Commerce in 1938. In almost 200 years of common history, both countries reached numerous bilateral and multilateral agreements to promote the exchange of goods and services, encouraging economic and industrial growth.
Switzerland is the sixth country with the highest GDP per capita in the world and, according to studies by the University of St. Gallen and the International Institute for Management Development (IMD), it is ranked among the 5 places in the world with greatest ease to do business.
Switzerland is a member of the European Free Trade Association (EFTA), alongside Iceland, Liechtenstein, and Norway. And although the EFTA and MERCOSUR free trade agreements are still in negotiation, waiting for the South American bloc to make progress in negotiations with the European Union; Argentina and Switzerland have different pacts to favour and improve trade conditions.
Since November 2015, the countries have a Double Taxation Agreement. Through this, the income and assets required by a Contracting State are avoided from being taxed twice. This agreement covers taxes on income and personal assets in Argentina, and in Switzerland, to federal, cantonal and communal taxes on income and wealth.
Argentina and Switzerland also have investment protection agreements since 1992, through which they promote investments by guaranteeing a certain level of protection against non-commercial risks (state discrimination of investors from the counterparty country with respect to national investors, illegal expropriation or unjustified obstacles to the movement of payments and capital).
On the other hand, since 1997 they share a unilateral agreement of recognition by Switzerland of the Argentine organic production system. This implies a Swiss endorsement of the regulations, controls and certifying entities and also paves the way for agroecological producers to export their products without the need to recertify them.
The Argentinian Opportunity
Switzerland's approval of Argentine standards for organic production opened the door to a wide variety of industrialized foods, such as wine, sugar, honey, lemon and grape oil, and bovine meat products. Thus, between January and June 2023, Argentina exported US$5.57 million of non-sparkling wines and grape must, US$4.80 million of boneless beef and US$2.06 million of natural honey. During 2022, Switzerland imported US$ 1,434,303 in thousands of products from different parts of the world corresponding to the chapter “Fruits; citrus rinds, melons or watermelons” of the agreement.
Faced with the possibility that northern Argentina finds a market in Switzerland through this last chapter, Arnaldo Hasenclever, Director of the Grant Thornton Argentina's IBC and representative of the Firm in the Swiss Argentine Chamber of Commerce, comments that "surely it could be possible to export lemons to Switzerland if the corresponding procedures are carried out with the different Swiss government agencies and with private companies”. An example of this would be the companies that produce lemon fragrances/essences.
“There is also the possibility of direct Swiss investment, as has happened with some vineyards, where there have been strong Swiss investments (Colomé, for example). This situation promotes Swiss knowledge of the Argentine market, and could help generate exports in other areas”, concludes Hasenclever.
However, the largest market that Argentina finds in Switzerland are "Fine (natural) or cultivated pearls, precious stones, others." Since national gold began to be exported to the "country of clocks" in 2005, the trade balance turned positive. Gold for non-monetary use, raw forms of gold alloy or gold bullion, represent the highest sales in the first half of 2023 (US$ 616.78 million), followed by other products of this chapter, such as silver and other minerals (US$67.19 million).
"Argentina also has significant potential in the field of mineral extractive industries with concrete application in the production of the robotic industry and of a sustainable nature that complement the research iniciatives of developed countries such as Switzerland," says Alejando Chiappe, Lead Partner of Advisory Services and spokesperson in the Life Sciences industry.
In fact, Switzerland has an interesting position in sectors such as robotics, artificial intelligence, advanced manufacturing, blockchain, and personalized healthcare; with large clusters in ICTs, life sciences and in the metallurgical, electrical and machinery industry (MEM). It is in this sense that the Argentine Knowledge Economy (KBE) can also enter and become strong in the Swiss market through biotechnology and software and engineering development.
The life sciences industry
The application of cutting-edge technology in Life Sciences characterizes the Swiss market. This is the case of the activity known as personalized healthcare, a medical paradigm in which the present and the history of the patient, their genomes and all the information that allows knowing the current state and the probabilities of having certain diseases in the future is analysed. This analysis includes knowledge of medicine, pharmacology, but of also big data and biotechnology.
This methodology has the purpose of treating the patient when required, and have the ability to prevent hereditary or environmental health problems. It is especially used in the oncological field to find new and more effective treatments; and also in the pharmaceutical and pharmacogenomics industry, to develop effective and safe drugs, in addition to determining doses tailored to genetic variations.
The Argentine KBE applied to the field of genetics and medicine is widely developed and has a high level of knowledge and experience. “Argentine talent linked to the development of software associated with artificial intelligence and robotic programming can create new spaces for collaboration, development and growth between both countries, enhancing their capabilities. Feeding this virtuous cycle would not only benefit our countries but would also make it easier for other less favoured nations to reach more satisfactory thresholds in terms of productive development, public health and environmental care”, concludes Chiappe.