On Monday, April 13, 2026, the regulation of the Regime for the Promotion of Medium-Sized Investments (RIMI), established by Law No. 27,802, was published through Decree No. 242/2026, thereby setting forth the operational conditions for its implementation. The regime is conceived as an intermediate mechanism within the investment promotion policy, aimed at those companies that lack the financial capacity to undertake investments under the Large Investment Regime (RIGI).
The regulation enacted by Decree No. 242/2026 establishes the term of validity of the RIMI, encompassing investments made from the entry into force of Law No. 27,802 and for a period of up to two (2) years from the publication of the joint resolution to be issued by the Customs Revenue and Control Agency (ARCA), the Secretariat of Agriculture, Livestock and Fisheries, and the Secretariat of Energy. Accordingly, the effective commencement of the regime is subject to the issuance of such complementary regulations.
With respect to eligible beneficiaries, Micro, Small, and Medium-Sized Enterprises up to Tier 2 may adhere to the regime, provided they hold a valid MiPyME Certificate at the beginning of the fiscal year in which the first investment is made. Entities with outstanding, due, and unpaid debts that have not been regularized are excluded. Additionally, non-profit entities registered with ARCA are included as beneficiaries, notwithstanding their ineligibility to obtain such certificate.
From an objective standpoint, the concept of productive investment is defined to include new depreciable movable assets—excluding automobiles—capital goods, information technology and telecommunications assets, and infrastructure works allocated to the relevant activity. Specific investments in the agro-industrial and energy sectors are also contemplated, such as irrigation systems, anti-hail netting, and depreciable livestock. In this regard, the decree expressly excludes financial or portfolio investments from the benefits of the RIMI.
For the purposes of meeting the minimum investment thresholds set forth in Law No. 27,802 (USD 300,000 for micro-enterprises, USD 600,000 for small enterprises, USD 3,500,000 for medium-sized enterprises Tier 1, and USD 9,000,000 for Tier 2), the total amount of eligible investments made within the validity period shall be computed, net of VAT and discounts.
Regarding tax benefits, accelerated depreciation for Corporate Income Tax purposes shall apply in the fiscal year in which the investment becomes operational, provided that—where applicable—the minimum investment threshold is met within the two (2) year period. Furthermore, the refund of VAT tax credits, as provided in Section 183 of the law, shall be limited to fifty percent (50%) of the annual quota established under the VAT refund regime, which shall be approved annually in the Budget Law.
In conclusion, Decree No. 242/2026 introduces clarifications that enhance the predictability of the regime; however, its full operability will depend on the complementary regulations to be jointly issued by the Customs Revenue and Control Agency, the Secretariat of Agriculture, Livestock and Fisheries, and the Secretariat of Energy, which shall have a period of thirty (30) calendar days from the date hereof to issue such complementary provisions.