Doing Business in Uruguay

Reasons to Invest in Uruguay

Let us review a few of the reasons why Uruguay has such magnetism for qualified foreign investors. First, and perhaps most important, is the enduring political stability. In fact, Uruguay is one of the most stable countries in Latin America. Uruguay has a strong, democratic government and a very reliable judicial system.

Uruguay is easily accessible from all parts of the world by land, sea or air. Outstanding phone and Internet systems link Uruguay internationally to other parts of the world. Also, we would stress that investors in Uruguay have equal rights and laws to protect them. Regulations for conducting business in Uruguay are the same for both local and foreign corporations. Both can fully own and control local corporations, as well as real estate without any access limitations or restrictions. Many opportunities await foreigners who start new businesses in Uruguay. In addition, the cost of labour is relatively low with very qualified professionals.

Many attractive incentives are available to foreigners investing in Uruguay. However, it is not necessary to become a resident to own or manage a business.

Tourism is becoming now a leading industry in Uruguay. Numerous opportunities exist in this field.

Foreigners can invest with Uruguay’s nationalized banking system or private banks. Interest rates are higher than in the United States and there are many attractive savings accounts and time deposit programs from which to choose.

Business environment

Uruguayan law does not discriminate between local and foreign investors. Foreign investors do not face any restrictions and do not require authorization to settle within the country. They can freely develop industries, engage in trade activities, and obtain access to local banks and financial markets. Foreign investors are also eligible for promotional tax regimes on their investments.(see section “Investment opportunities”)

Investors can participate in the stock of a local company in any proportion. Local companies can be 100% foreign owned. Other forms of corporate structures can be adopted, such as joint ventures, and associations of different kinds.

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		Doing Business in Uruguay by Price Waterhouse Coopers