The Argentine government has proposed the "mini RIGI" (Regime for Medium Investment Incentives) as part of a labor reform package aimed at stimulating investments of up to US$9 million. This initiative, initially hinted at over a year ago, has now been formalized as the country prepares for legislative discussion. Aimed particularly at small and medium enterprises (SMEs), the reform also seeks to promote industrial exports and formalize employment in the sector.

Key components of the mini RIGI include tax incentives such as accelerated depreciation for Income Tax and early VAT reimbursement for productive projects. According to private sector estimates, these measures significantly enhance the profitability of investments in their initial years, thereby making Argentina a more attractive destination for both domestic and foreign investors. The government believes that by easing the financial burden on businesses, they will stimulate growth and job creation in the economy.

The broader context includes a challenging economic landscape in Argentina, where small and medium businesses are crucial for employment and development. The mini RIGI is part of a larger strategy to address economic difficulties and foster a more conducive environment for businesses. By implementing such reforms, the government hopes to alleviate some immediate pressures on SMEs while driving forward its agenda of economic revitalization and formal job creation.