With a total score of 43.98, Uruguay is the most recommended country in Latin America to start an online business after Chile. For some years now, the North American company Best Accounting Software has been in charge of evaluating accounting programs so that small companies, self-employed workers and NGOs can choose, thanks to their reviews, the software […]
New intelligence report on foreign direct investment in Uruguay 20/21
28 December, 2020
The changes in international trends resulting from the health crisis may represent an opportunity for Uruguay, which, thanks to its resilience, macroeconomic stability, institutional quality and quality of life, continues to be an attractive destination for FDI. The Competitive Intelligence area of Uruguay XXI presented this week the new Report on Foreign Direct Investment […]
The pandemic blocked several projects that were underway but also put Uruguay on the radar of some businessmen. Uruguay's free zones are experiencing a somewhat contradictory situation. On the one hand, the arrival of the virus in the country caused several projects that were aimed to settle in those territories to stop. But […]
Diego Licio: "If we are expensive, we must lower the real wage"
15 February, 2019
Interview with Diego Licio, President of the Chamber of Free Zones of Uruguay In the opinion of the new president of the Chamber of Free Zones of Uruguay, Diego Licio, labor regulations in Uruguay should be modernized to address issues such as productivity. According to an interview with Empresas del Uruguay, the labor “rigidity” in the […]
Half of the services exported by Uruguay come from free zones
29 October, 2018
Increased investment and transformation of free zones in sustainable trading platforms and global services were the focus of a presentation by Juan Opertti, director of the Chamber of Free Zones of Uruguay (CZFUY) during the First Meeting of Officials governmental and Working Table Virtual Trade […]
The Executive Branch announced the decree regulating Law No. 19566, December 2017, which modernizes the free zone regime, as announced by Undersecretary of Economy and Finance, Pablo Ferreri. The initiative will enable the creation of more centers of activities inside and adheres to international standards. "It seeks to promote […]
The benefits of free zone regime
14 September, 2018
In Uruguay, the phenomenon of free zones was born in 1987 with the enactment of Law No. 1 15921, consolidating since then as a dynamic source for attracting investment, job creation and diversification of qualified exports. Who take advantage of the free zone regime are exempt from all national taxes, […]