Fernández Secco & Asociados

Contact us

25 de Mayo 467 / 5th floor
P.O.Box 575, CC - C.P.:11.000
Tel: (+598-2) 916 1913
Fax: (+598-2) 916 5740
info@fernandezsecco.com
MONTEVIDEO - URUGUAY

Land of opportunities

Located in South America, bordering with Brazil and Argentina, Uruguay offers inconceivable business possibilities. As from its opening to the rest of the world, which took place during the seventies, Uruguay has been steadily and systematically receiving foreign investments.

Its strategic geographic position, along with its political and economic integration with its neighbors through MERCOSUR, -a commercial integration agreement which joins Argentina, Bolivia, Brazil, Paraguay and Uruguay- constitute a major assets for its development, providing a direct and potential market which is interesting for any investor.

This strategic placement is coupled with an important number of Free Trade Zones distributed throughout the country (which provide the possibility of industrializing and commercializing products without any tax expenses) and a Free Port and customs Premises System (allowing for storage of goods without any duties being imposed, for triangulation operations with third party countries).

The Port of Montevideo has traditionally acted as point of entry to the continent.

Uruguay is a reliable financial market and its off-shore companies offer important benefits for those carrying out activities abroad. In addition to all the above mentioned, Uruguay is outstanding due to its agricultural and forestry activities. The high level of foreign investment in this field reflects the profitability thereof.

Facts such as the stability of its economy, low inflation rate, free entry and exit of foreign currency, banking secrecy and legal safety, which make Uruguay an attractive country for foreign investment, are worth mentioning.

Other major assets of Uruguay are its people and their high education levels. Other issues worth pointing out are Uruguay?s wealth distribution and strong development of communications and technology.

Uruguay in Figures

 

• Area:176.215 km2
• Population:3:156,708
• Official Language: Spanish
• Literacy Rate: 97% 
• Coasts:  450 km

National

International