Since its implementation, the incentive regime for large investments (Rigi) has become the main instrument of the government of Javier Milei to attract foreign capitals and reverse the worrying tendency to exit multinationals that began in 2020.
In just a few months, six initiatives have been approved by Javier Milei Formally under this regime, compromising investments for USD 12.8 billion and generating expectations of economic reactivation in strategic sectors such as Oil & Gas and mining.
Since 2020, more than 80 multinationals have abandoned the country, including giants such as Exxonmobil, Petronas, Falabella, Walmart, HSBC and Telefónica. The reasons behind this withdrawal are multiple: high levels of regulation and unpredictable normative changes.
Exchange restrictions and difficulties in turning dividends. Macroeconomic instability and lack of predictability. Global Restructuring and Disversion Strategies. Even in the first semester of 2025, there were at least four transactions in which international groups totally or partially sold their operations in Argentina.
The libertarian government promoted the Rigi as part of its promoted reform package. This regime offers tax, customs and exchange benefits for projects that exceed USD 200 million, including:
Reduction of the income tax from 35% to 25%. Exemptions in import and export rights. Progressive access to foreign exchange generated by exports (20% the first year, 40% the second, 100% from the third). Regulatory stability for 30 years. Possibility of international arbitration in case of conflicts.
Project
In addition, companies, second the agreement of Javier Mileithey must commit to use local suppliers in at least 20% of the total invested and generate direct and indirect employment, estimated at more than 8,000 positions in the activity peak.
So far, six projects have been approved under Rigi, distributed in different provinces and sectors: understanding the following classification: project; Sector; Estimated province and investment: Vaca Muerta, Oil Sur; Oil & Gas, Neuquén Río Negro, USD 2,486 million; PAE-GOLAR, LNG (Liquefied Natural Gas), Río Negro, USD 6,878 million; Solar Park The Burned, Renewable Energy, Mendoza, USD 211 million; Sidersa, Siderurgy, Buenos Aires, USD 286 million; Guacamalayo, Lithium Mining Salta, USD 217 million; Salar of the dead man, lithium mining, Catamarca, USD 2,724 million.
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