In force since Jul 26, 2024
RIGI adhesion: first province, clean and unconditional
Ley 5724 (2024)
in forcePROVINCIAL
RIGI and investment
Ley 5724 signs Río Negro on to the RIGI on Jul 12, 2024. Two articles, with no benefits of its own.
The other rules on this subject32
What changed and who it applies to
What changed
Río Negro adhered to the Large Investment Incentive Regime (Title VII, arts. 164 to 228 of Ley 27.742) with Ley 5724, passed and enacted on Jul 12, 2024. The text has 2 articles: it is a plain, unconditional adhesion, with no additional provincial exemptions or benefits. thesis The province's strategy to keep part of the rent runs through other channels: conditions (60% local content, 80/20 local hiring) and project-by-project economic agreements. verif Jul 12, 2024 ↗
In force
July 26, 2024 (8 days after Official Gazette 6303). verif Jul 26, 2024 ↗
Who it applies to
Large investors (projects of more than USD 200 million) that locate projects in Río Negro: with the adhesion, the stability and benefits of the RIGI also extend to provincial taxes. verif 2024-2026 ↗
The norm
Ley 5724, enacted and promulgated on Jul 12, 2024 (Decreto 10/2024), BO 6303 of Jul 18, 2024, in force since Jul 26, 2024. verif Jul 18, 2024 ↗
Our reading
Being the first province to adhere was not a gesture: it was an early decision to capture Vaca Muerta's way out, and it paid off - the entire export corridor (crude and LNG) chose the Rio Negro coast. The clean adhesion (no conditions in the law itself) sent the predictability signal; the conditions came later through separate laws (5804/5805), once the projects were already anchored. thesis
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Where it lands, province by province1
Río Negro It is the lever that turned Rio Negro into a destination province for RIGI: three approved projects with works in the province —VMOS at USD 2,486 M and Southern Energy's LNG at USD 2,825 M in computable assets, and the San Matías gas pipeline at USD 1,300 M of total investment in its approval act, measures that are not added up— and Argentina LNG submitted for USD 51,000 M over the whole life of the project. The test case that adhering early and clean attracts capital first. favorable thesis
Which markets depend on this rule6
These niches list this rule among the ones that condition them.
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Analysis and curation: Ignacio Aredez
Head of Despegue
Method and track record →- 20+ years in technology, 15 of them in data and AI, for clients across Europe and the Americas
- Certified in AI governance (ISO/IEC 42001)
- Machine Learning (Google Cloud)
- Registered expert with the European Commission
How to read the seals →
verif primary source · prob primary source pending · unconf a source said it · estim our own calculation · thesis our reading · the date belongs to the datum, at the precision its source allows