Argentina as an AI destination: a new Companies Law to attract technology investment

Argentina is seeking to modernize one of the core pillars of its business environment. In June 2026, the national government submitted to the Senate a new General Companies Law that would fully replace Law 19,550, in force since 1972.

For foreign investors, the reform is not just a regulatory update: it could become a concrete signal of openness toward digital, flexible business models shaped by the economy of the future.

President Javier Milei sought to frame the proposal in those terms in an opinion column published in the Financial Times, where he defended the need to create a favorable legal framework for the deployment of artificial intelligence.

He described it as “a commitment to keeping AI unregulated so that it can develop freely, without the dead hand of premature and poorly understood regulation.” The phrase captures the political spirit behind the initiative: positioning Argentina as a jurisdiction willing to compete for technology investment with fewer regulatory barriers and greater room for innovation.

The bill proposes a more agile corporate regime, with less prior state control and greater technological adaptation. Among its main changes, it allows companies to be incorporated through digital signatures, enables electronic corporate books and registries, allows share capital to be expressed in foreign currency, and recognizes contributions in digital assets.

It also shifts the focus from formal share capital to effective solvency, giving greater weight to a company’s actual financial capacity and to agreements between partners, shareholders and investors.

One of the most innovative aspects is the recognition of Decentralized Autonomous Operational Companies (DAOs). These entities may operate, fully or partially, through autonomous protocols or smart contracts on blockchain networks.

Their equity interests may be represented by tokens or cryptographic units and transferred through registration on the corresponding network. In practice, the bill brings into Argentina’s legal system a corporate figure that, until now, had operated in a relatively undefined space.

The reform also creates the figure of Automated Companies, aligned with what Milei described as a new category of corporate law: the “non-human corporation.”

These companies may carry out their corporate purpose through autonomous algorithmic systems, artificial intelligence agents or robots, without employees or human resources involved in their ordinary operations. They could have their own legal personality and limited liability, while human shareholders may participate but would not necessarily be required.

The company would be liable with its own assets for damages that its AI systems or agents may cause, introducing an initial responsibility framework for this type of model.

In addition, the bill expressly authorizes corporate management bodies to use AI systems or algorithms to perform operational functions or support decision-making processes. Directors and managers remain responsible for configuring, supervising and monitoring those systems, but the law recognizes that corporate management is no longer exclusively human or analog.

The potential of this reform becomes even more relevant when analyzed alongside Argentina’s broader agenda of incentives for large-scale investments. While the Super RIGI seeks to provide long-term fiscal, customs and regulatory stability, the new Companies Law could offer the legal vehicles needed to structure those investments under more modern rules.

Milei also highlighted another key element: the creation of a competitive tax environment, with a lower corporate tax rate and freedom to choose the applicable corporate governance law.

For sectors such as artificial intelligence, blockchain, biotech, semiconductors, fintech, and digital infrastructure, this combination opens a concrete opportunity: to operate in Argentina with greater predictability, competitive costs, and structures compatible with 21st-century business models.

Naturally, implementation will require attention. Liability for decisions made by AI systems, the use of tokens as corporate instruments, and greater regulatory flexibility will require clear supervision, transparency, and protection criteria for investors, creditors, and minority shareholders.

However, these challenges do not overshadow the strategic direction of the reform: Argentina is seeking to update its legal framework in order to compete for global technology capital.

In this sense, Milei’s most ambitious phrase in the Financial Times summarizes the horizon the government is trying to project:

“Let Buenos Aires be to AI what Amsterdam was to the age of sail.”

The comparison seeks to position Argentina not only as a user of new technologies, but as a regional platform to develop, scale, and export them.

In a context where companies are looking for jurisdictions capable of combining talent, competitive costs, long-term incentives, and modern regulatory frameworks, this reform could become a relevant signal.

If approved and implemented consistently, Argentina could position itself as an attractive destination for new AI, blockchain, and digital economy companies, not only as a market, but also as a regional base for the next generation of innovation.