From beautiful beaches and a thriving arts scene to pulsing music and countless cultural festivals, there are many compelling reasons to base your business in Buenos Aires. Yet opening a regional headquarters in the city brings with it more practical considerations, including access to talent, the promise of the IT sector, and the processes and costs involved in running a business in the city.
As the country continues to recover from a recession, the Argentine government is doing its best to attract outside investment. In 2017, the U.S. Chamber of Commerce launched the U.S.–Argentina Business Council with the aim of solidifying economic and commercial relations. Since then, the local government has also made strides in lifting foreign-exchange controls, increasing trade with other countries, and introducing another type of recognized company—the Simplified Share Company—to make it easier for entrepreneurs and foreign startups to register operations.
With a GDP that’s expected to grow by 2.3 percent in 2020, long-standing industries like textiles, food processing, and automobile manufacturing continue to bolster the nation’s economy. Plus, areas like telecommunications, tech, renewable energy, education, financial services, and tourism are rapidly gaining traction. Today, you can register a company at cost of a few hundred U.S. dollars, and the city is already home to some of Latin America’s largest conglomerates—including Mercado Libre, which is the Latin answer to eBay, and the giant travel company Despegar.com.
There are a number of suitable neighborhoods in Buenos Aires for setting up your office headquarters—each with its own unique blend of culture, business, and talent. Here are five great barrios for opening a headquarters in Buenos Aires.
A financial hub (and a foodie‘s paradise)
A bustling, exciting place to do business, Microcentro houses a number of financial institutions and is an ideal location for growing a team of consultants. The neighborhood also has a fun side—from the greenery at Plaza San Martín to the dockside restaurants at Puerto Madero.
Microcentro’s buzzing dining scene is especially ideal if you’re frequently entertaining clients, grabbing coffee with prospects, or treating your team to lunch. It also puts you close to popular after-work destinations like San Telmo (best for art galleries and antique dealers), San Nicolás (home to everything theater), and Recoleta (fine arts, upscale shopping, and beautiful houses).
WeWork Corrientes 800 channels the surrounding activity into vibrant, refreshing workspace. A diverse community of professionals call this location home, and opening your headquarters in one of the expansive private offices will put your team in good company.
The largest barrio in Buenos Aires
Palermo draws many new businesses just by its size; it is the largest of the 48 barrios in Buenos Aires and, because of this, it’s divided into eight distinct areas. Across the neighborhood, you’ll find cafés, bars, restaurants, and street artists—making Palermo a trendy location for work and play. It is also home to the Buenos Aires Japanese and Zoological Gardens.
WeWork Andres Arguibel 2860 spans six floors of a brand-new building at the center of Palermo. As well as shared lounges and kitchens, this location also offers a selection of private offices—suitable for teams of all sizes. Enjoy premium amenities, helpful onsite staff, and built-in community while setting up your headquarters at this dynamic location.
A breath of fresh air
If you’re seeking a tranquil location but still require world-class infrastructure and tech-ready coworkers, Vicente López strikes the perfect balance of community and business savvy. This neighborhood is at the northern edge of Buenos Aires, convenient to the city but with a compelling suburban vibe.
WeWork Av. Libertador 1000, located just blocks from the beach in Vicente López, is particular popular with freelancers and remote employees—and the networking potential is limitless. Set your team up in a private office, then tap into the wider coworking community for happy hours and educational events. After work, head to the waterfront for a breath of fresh air, or catch the train downtown for dinner with coworkers—the train station linking you to the city is directly across the road.
A hotspot for talent
If you’re looking for easy access to eager, intelligent workers, Recoleta is the best neighborhood to put down roots. This barrio is home to many of the city’s best schools and universities, including the Schools of Law, Pharmacy, and Biochemistry at the University of Buenos Aires.
Not only is it one of the most affluent neighborhoods in Buenos Aires, but Recoleta is also an important tourist destination. The downtown area is filled with historical and architectural interest, from the famed Recoleta Cemetery to the many outstanding examples of beaux-arts architecture that keep drawing new visitors.
WeWork Torre Bellini, located between Recoleta and the city’s center, is an impressive backdrop for meeting clients and wooing investors. The entire 25-floor tower is dedicated to WeWork—providing ample space for opening your office headquarters. Spread out across an entire floor or take advantage of our range of private offices to make your team feel at home.
The heart of the city‘s business district
San Nicolás—also called El Centro—incorporates most of the Buenos Aires Central Business District. This neighborhood is home to several leading Argentine firms, including Aerolíneas Argentinas, the National Bank, Banco Macro, Bank of the City of Buenos Aires, and most Buenos Aires Stock Exchange companies. International institutions like IBM, Microsoft, and Deutsche Bank are also established in El Centro.
Located at the center of the action, WeWork Ing. Enrique Butty 275 puts you close to many important partners. Flexible, all-inclusive agreements make settling in easy, while a selection of office suites, private offices, dedicated desks, and shared spaces are the perfect foundation for your growing team.
Each neighborhood in Buenos Aires offers its own blend of work and play—and, with the economy on an uptick, there’s never been a better time to put down roots. WeWork offers hq and enterprise solutions as well as shared office buildings in Buenos Aires, making your transition to a regional headquarters as streamlined and successful as possible.