Milei government sends new companies law bill to congress

The Argentine government announced it has sent a bill to Congress to amend the companies law, aiming to reduce state interference and simplify procedures for businesses.

On Friday, May 29, 2026, the government of Javier Milei announced it had sent a bill to the National Congress to amend the companies law. The initiative was prepared by the Ministry of Deregulation and Transformation, the Ministry of Justice and the Legal and Technical Secretariat.

Federico Sturzenegger, minister of deregulation, said on his X account that the project "adds to the set of very deep reforms we are implementing". He noted that it aims to move from a rigid regime to one based on autonomy and deregulation.

Key changes include suppletory rules that prioritize partners' statutes, broader corporate objects and full digitization of the regime. It also introduces figures such as automated companies operated by artificial intelligence and DAOs based on blockchain.

Sturzenegger stated that the reform adapts corporate law to the 21st-century economy and seeks to attract investment, comparing the model to that of Ireland.

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President Javier Milei opened the 144th ordinary session of Congress with a nearly two-hour speech, announcing a package of 90 structural reforms to redesign Argentina's institutional architecture. He harshly criticized the Kirchnerist opposition, referencing cases like Nisman and former President Cristina Kirchner, while praising his administration's achievements such as zero deficit and deregulations. The event, marked by clashes and tensions, included plans to strengthen the economy and security.

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Interior Minister Diego Santilli announced that the government will push a tax reform in Congress in coming months. The plan aims to deepen tax cuts and involve national, provincial, and municipal levels. He made the statements at the AmCham Summit 2026.

Chamber President Jorge Alessandri (UDI) estimated that the National Reconstruction and Economic Development bill could reach the Chamber floor in May and the Senate in June. In an interview on Canal 13's Mesa Central, he criticized the opposition for labeling the initiative as benefiting the 'super rich' and called for broad agreements to revive the economy. A Criteria poll showed 38% approval for President José Antonio Kast and divided opinions on the project.

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Chile's Chamber of Deputies sent the government's major tax reform bill to the Senate after approving its core measures, including a gradual cut in the corporate tax rate from 27% to 23%.

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