Investor Guide - investment promotion schemes in Uruguay

Uruguay has several investment incentives and schemes in place, applicable to different types of activities, from industrial to commercial and service activities, intended to be conducted in the country. Schemes provided for by the Investment Law, free zones, free port and free airport schemes, public-private partnership agreements, industrial parks and temporary admission are some of the main incentive schemes available in the country.

This document provides an overview of the main benefits available in Uruguay to national and foreign investors, with no distinction as to tax matters or restrictions on the transfer of profits abroad.

Chapters 1 and 2 describe the tax benefits created by the law on investment promotion and its supplementary provisions. This law includes general benefits applicable to eligible investments (as defined in the law); specific benefits, applicable to certain types of activities, including, but not limited to, offshore financial brokerage, shared-services centers, afforestation, graphic industry, maritime or air navigation, software, vehicles or auto-parts, biofuels, communication and housing industries, and benefits which can be applied for particular investment projects.

Chapters 3 to 5 describe the operational features of industrial parks, free zones, free ports and airports in Uruguay, and the benefits granted by the applicable legal provisions both to potential users and to potential developers.

Chapter 6 describes the operational features and benefits of public-private partnership agreements, which is the current scheme used by the country in most infrastructure works development contracts.

Finally, chapter 7 describes the various foreign trade-related regimes, such as: tax refund, temporary admission, draw-back and customs warehousing.

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