Uruguay is a country with great competitive advantages in the region, either because of its strategic location between two large countries, because of its exchange rate freedom,  legal stability and, above all, the political stability.
This implies that the tax benefits offered by the country are maintained over time and changes in government do not affect the tax burden.

At the international level, Uruguay is not classified as a tax haven and maintains the criteria of the source to tax income, that is, income from a foreign source is not covered by the tax and neither are dividend distributions corresponding to exempt income.

 

Why Uruguay?

  • Uruguay has one of the strongest social and political stabilities in Latin America.
  • It has a continued economic growth and investment • An attractive free zone, free port and free airport regimes, and broad investment-related tax exemptions.
  • The access to MERCOSUR, a US$3-billion-GDP free trade zone that also includes Argentina, Brazil, and Paraguay.
  • It has one of the highest internet, broadband and PC penetration in Latin America.
  • 83% of electricity supply came from renewable sources in 2016 • A world-class free port facilities in Montevideo, the strategic regional hub for South America’s Southern Cone region.
  • A very nice weather and absence of natural disasters plus abundance of water.
  • Freedom of movement of capitals (no taxes on repatriation of profits).
  • The equal treatment for foreign and local investors.
  • The corporations can have a 100% foreign board of directors and partners.

Uruguay is a country with great competitive advantages in the region, either because of its strategic location between two large countries or because of its exchange rate freedom,  legal stability and, above all, the political stability.
This implies that the tax benefits offered by the country are maintained over time and changes in government do not affect the tax burden.
At the international level, Uruguay is not classified as a tax haven and maintains the criteria of the source to tax income, that is, income from a foreign source is not covered by the tax and neither are dividend distributions corresponding to exempt income.

Why Uruguay?

  • Uruguay has one of the strongest social and political stabilities in Latin America.
  • It has a continued economic growth and investment • An attractive free zone, free port and free airport regimes, and broad investment-related tax exemptions.
  • The access to MERCOSUR, a US$3-billion-GDP free trade zone that also includes Argentina, Brazil, and Paraguay.
  • It has one of the highest internet, broadband and PC penetration in Latin America.
  • 83% of electricity supply came from renewable sources in 2016 • A world-class free port facilities in Montevideo, the strategic regional hub for South America’s Southern Cone region.
  • A very nice weather and absence of natural disasters plus abundance of water.
  • Freedom of movement of capitals (no taxes on repatriation of profits).
  • The equal treatment for foreign and local investors.
  • The corporations can have a 100% foreign board of directors and partners.

Key contact

Ana Inés Montaldo

Tax Senior Partner

E: [email protected]

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Key contact

Chartered Public Accountant. Specialization in Taxes, Universidad ORT. RSM Itax Academy.