Investor Guide - business environment in Uruguay

1.  Business environment

  • A reliable country
  • Expanded market
  • Ease of doing business
  • Talent
  • Quality of Life

Uruguay ranks among the top countries in Latin America in the main rankings that gather information on aspects of political stability and democratic soundness. These indicators show that Uruguay is a country with a strong democratic tradition, based on transparent government policy and broad economic freedom. In the last few years, Uruguay has positioned itself as a trustworthy and attractive destination for foreign investors, due to its favorable investment climate and promising macroeconomic performance. Its strategic location and international treaties make the country ideal for the development of a regional hub With Mercosur and the Free Trade Agreement between Mexico and Uruguay, there is access to a market of 400 million people, which gathers together 76% of Latin America's GDP and a foreign trade flow of almost 80% of the total flow in Latin America.

Human Resources in Uruguay are highly talented and competitive due to a combination of several factors, including high quality of basic, technical and university training, flexibility and ease of Uruguayan workers to adapt to new production processes or technologies.

Montevideo offers the best quality of life in Latin America (according to Mercer Index 2014). This also includes the rest of the country, making Uruguay the Best Place to live in (Future Brand Index). This is one of its distinguishing, worth mentioning features: it is an amiable country to live, work and invest in.

2.  Supporting infrastructure

Main features

  • Uruguay's strategic location in the center of MERCOSUR turns it into a natural communication link between the member countries.
  • The port of Nueva Palmira, located at the southern end of the Paraguay-Parana Waterway is a strategic point for the inflow and outflow of goods to the center of the continent.
  • Telecommunication, energy and water services are available with no restrictions throughout the country, with very good technological levels.
  • Uruguay offers competitive advantages to investors, among other things, due to its strategic geographic location and a suitable support structure, in constant development, for passenger and merchandise transportation by sea, air and land.

3. Financial system

Main features

  • Banking and financial activities are governed by the Central Bank, which has the power to authorize the establishment of new financial entities.
  • A wide range of banking services are available with no limitation for foreign investors.
  • Off-shore operations have a significant tax exemption.
  • Bank secrecy is protected by law.
  • Explicit deposit insurance.
  • There are no limits on capital inflow or outflow or exchange control on foreign exchange operations.
  • International financial center: Uruguay meets the requirements of an international financial center, in particular for MERCOSUR and the region.

4.  Intellectual rights, trademarks and patents

Main features

  • Copyrigth, trademarks and patents are specifically protected by Uruguayan laws.
  • Under certain conditions, foreign investors can assert the rigths registred in their country of origin.
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