Foreign investment is limited to 30% of share capital and voting rights in broadcasting and associated services firms. The limit on the share of foreign investment is raised on a reciprocal basis for investors from countries that grant more liberal treatment to Argentine investors.
"ARTICLE 2 - It is established, as of the entry into force of this law, that the ownership of the communication media, which are defined in article 3 of the same, must be owned by national companies, allowing the participation of foreign companies up to a maximum of 30% of the share capital and granting voting rights up to the same percentage of 30%.
Said percentage may be increased in reciprocity with the countries that contemplate foreign investment in their communication media, up to the percentage in which they allow it.
The following are not covered by the provisions of this standard:
a) The means of communication that on the date of entry into force of this law are owned or controlled by foreign natural or legal persons;
b) The contracts for the assignment of shares, quotas or the transfer of ownership of the license entered into prior to the effective date of this law, and which have not yet been approved by the competent bodies.
Cultural companies may not give up control over the contents of their production.
ARTICLE 3 - For the purposes of this law, the following are considered means of communication:
a) Newspapers, magazines, newspapers and publishing companies in general;
b) Broadcasting services and complementary broadcasting services included in Law No. 22,285 [Law on Broadcasting (15 September 1980), repealed by Law No. 26.522 on Audiovisual Communication Services (10 October 2009)];
c) Audiovisual and digital content producers;
d) Internet access providers;
e) Broadcasting companies on public roads.
ARTICLE 4 - For the purposes of this law, the following shall be understood as a national company:
a) Natural persons of Argentine nationality, and legal entities constituted, domiciled in the country and made up mainly of Argentine citizens.
b) Legal persons incorporated in the country or abroad, controlled directly or indirectly by individuals of Argentine nationality and domiciled in the country.
For the purposes of this law, a foreign company shall be understood as:
a) Natural persons of foreign nationality or;
b) Legal persons incorporated in the country or abroad controlled directly or indirectly by natural persons of foreign nationality.[...]"(Law No. 25.750 on the Preservation of Property and Cultural Heritage (18 June 2003), last amended by Resolution 8730/2021 of 10 June 2021, Articles 2, 3 and 4 [google translation])
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"ARTICLE 4 - Definitions . For the purposes of this law, it is considered: [...]
Audiovisual communication : The cultural activity whose editorial responsibility corresponds to a provider of an audiovisual communication service, or producer of signals or content whose purpose is to provide programs or content, based on a programming schedule, in order to inform, entertain or educate the general public through electronic communication networks. It includes television broadcasting, to fixed receivers, to mobile receivers as well, as well as sound broadcasting services, regardless of the support used, or by satellite service; with or without subscription in any of the cases.
[...]
ARTICLE 25. - Conditions of admissibility - Persons of ideal existence. People of ideal existence as holders of licenses for audiovisual communication services and as partners of people of ideal existence holders of audiovisual communication services must gather at the time of their presentation to the process of awarding the license and maintain during its validity, the following terms:
a) Be legally constituted in the country. When the applicant is a person of ideal existence in training, the award of the license will be conditional on its regular constitution;
b) Not having a corporate legal relationship or direct or indirect subjection to foreign audiovisual communication services companies. [...]
c) They may not be affiliates or subsidiaries of foreign companies, or carry out corporate acts, contracts or agreements that allow a dominant position of foreign capital in the management of the legal entity licensee.
[...]
ARTICLE 29. - Capital stock . The provisions of article 2, first and second paragraphs of Law 25,750 shall apply to persons of ideal existence.
When the service provider is a commercial company, it must have a social capital of national origin, allowing the participation of foreign capital up to a maximum of thirty percent (30%) of the share capital and granting the right to vote up to the same percentage of the thirty percent (30%) provided that this percentage does not mean directly or indirectly having control of the corporate will.[..]" (Law No. 26.522 on Audiovisual Communication Services (10 October 2009), last amended by Synthesized Resolution 1603/2021 of 15 October 2021, Articles 4, 25 and 29 [google translation])
Law No. 25.750 on the Preservation of Property and Cultural Heritage (18 June 2003), last amended by Resolution 8730/2021 of 10 June 2021, Articles 2, 3 and 4
Law No. 26.522 on Audiovisual Communication Services (10 October 2009), last amended by Synthesized Resolution 1603/2021 of 15 October 2021, Articles 4, 25 and 29
[<a href="http://servicios.infoleg.gob.ar/infolegInternet/verNorma.do?id=86632">Law</a>],[<a href="http://servicios.infoleg.gob.ar/infolegInternet/verNorma.do?id=158649">Law</a>]