Expat Services Uruguay

02/12/2022

Investment sectors in Uruguay!

FORESTRY WOOD:

The forestry sector has been one of the most dynamic sectors of the Uruguayan economy in recent decades. Since the Forestry Law (1987) to the present, plantations and timber extraction have increased fivefold, laying the foundations for the installation of important investments in the sawmill and cellulose industry. Uruguay's value proposition for the development of sustainable investments is based on four pillars that distinguish and differentiate the country: Reliability, Access to raw material, Preferential access, Tax incentives.

02/12/2022

Investment sectors in Uruguay!

LIFE SCIENCES:

Pharmaceutical companies combine different commercial platforms, taking advantage of Uruguay's value proposition: political and economic stability, tax exemptions, availability of talent and quality of life. In the areas of logistics, cold chain assurance and time efficiency. The country has positioned itself as a strategic location for the development of logistics and commercial activities, both as a result of its geographical location and an advantageous legal and tax framework.
Uruguay has a long tradition in the pharmaceutical industry, successful entrepreneurs and research groups with extensive experience and knowledge. It is a very attractive innovation pole for research institutes. The country offers government support along with a synergistic ecosystem that nurtures life sciences companies investing in Uruguay.

01/12/2022

Investment sectors in Uruguay!

FOOD: Uruguay has an extensive area suitable for food production. They guarantee the origin and safety of food from the beginning of the production cycle until it reaches the consumer's table.

The prestige enjoyed by Uruguayan products has opened the doors of the most demanding markets in the world. Currently its products are on the tables of more than 150 countries, from the United States, United Kingdom and Canada, Italy, Spain, Germany and Hong Kong or Seoul.

24/11/2022

Free zones

In Uruguay there are a total of eleven free trade zones in operation, and some more are in the process of starting to operate. After the conclusion (between Brazil and Uruguay) of a trade agreement between both nations, the intention is that the presence of these investment and production zones grows on national soil.

Free trade zones have a history in Uruguay that spans almost a century. Beyond modifications in terms of their operation and status that have been made over time, they constitute one of the areas that unequivocally qualify as "State policy".
Diego Licio, president of the Uruguayan Chamber of Free Zones, explains that the installation of these in the country requires an application procedure that must be approved by the Ministry of Economy and Finance.

In this regard, Licio cites a study presented in April by the consulting firm Ceres, which puts in figures some of the economic effects of free zones in Uruguay.
This research showed that such zones are home to more than 1,000 companies employing "directly and dependently" 15,232 people, in addition to the investments made by those companies.

Licio summarizes: "For every dollar that the government exempts a free zone user, that user contributes six dollars of added value to the economy (...) The exemption is very well invested".
The current incentives that Uruguay offers for investments in the framework of its free trade zones would be nuanced, particularly in those cases in which very large financial stakes are involved.

24/11/2022

Why Uruguay? Part II

Sales and Purchases First Semester 2021:

During the first half of 2021, 536 sale and purchase transactions were carried out, 60% more than in the same period of the previous year. The total area traded exceeded 114,000 hectares.

Forty-three percent of the surface area sold was concentrated in the departments of Lavalleja, Rocha and Soriano, with average prices of USD 2,642, 2,292 and 7,631/ha, respectively. The departments of Soriano, Colonia and Canelones (with soils of greater productive potential) recorded the highest average prices per hectare, reaching values of USD 7,631, 5,773 and 4,742/ha.

At the other end of the country, the lowest average price was in the department of Artigas at USD 1,975/ha, followed by Salto at USD 2,019/ha.
In order to contribute to a better visualization of the distribution of the different transactions that took place, the indicator "USD/ha by Cadastral Section" was mapped (map 1).

On the other hand, to help US retirees choose a quality place for their retirement years, International Living presents its "Retirement Index", which features a comprehensive and in-depth survey based on hundreds of opinions and real-life experiences. In this sense, we present David Hammon who told his experience of living in Uruguay: "I moved to Uruguay 15 years ago. Among the things I appreciate is its egalitarian culture. Uruguay is the most democratic country in Latin America. And in relative terms, it boasts the largest middle class in the Western Hemisphere," Hammon said.

He highlighted the social security and health systems, as well as the low probability of natural disasters and the possibilities of accessing a public university education.
Hammon also highlighted Montevideo, which concentrates 40% of the population, with its tree-lined streets, large parks and waterfront promenades facing the Río de la Plata.
In turn, for those who prefer life close to the countryside, Hammon recommends "settling in a small inland town where you can live close to rural life without the cost of owning your own farm" or being interested in farms on the outskirts of cities.

22/11/2022

Why Uruguay? Part I

Lifestyle:

Uruguay is the best country to live in Latin America according to the Legatum Prosperity Index (2021) and the Mercer index (2022). Ranking 37th overall in the Prosperity Index since 2011. The ranking is based on a variety of factors, including wealth, economy and quality of life.

is a safe country, with 3.4 million inhabitants, its capital (Montevideo) as well as other cities in the country offer excellent living conditions with access to first class health services and education. While processing their residency visa applications, foreigners can legally reside and work in the country.
Also, according to the Mercer CFA Institute 2022 global pension index within Latin America, achieved one of the highest scores with 71.5 overall, and with a score of 79.8 in integrity.

In 2022, the American magazine specialized in tourism, International Living, included Uruguay in the tenth place among the best destinations to live after retirement. It is an index that determines the best destinations in the world for those who decide to move to another country after retirement, or to settle there for a few months of the year.

The report highlights that "Uruguay is a country where things work. Its utilities are among the best in Latin America in both quality and scope".
Uruguay obtained a score of 74.6, which means that it is a quiet, fun, safe and accessible destination to enjoy a pleasant retirement, according to the words and analysis of Rosendo Fraga, director of the consulting firm Nueva Mayoría Uruguay.

15/11/2022

Uruguay is the next "South Korea", confirms the Israeli magnate Moishe Mana visiting , the philanthropist affirmed that the territory "is efficient since it works with brains, totality and an optimal leadership".

Moishe Mana's visit took place during the festivities of the first version of the Test & Invest Business Summit, organized by the Inter-American Development Bank and the investment and export promotion agency Uruguay XXI in various locations in and

https://www-montevideo-com-uy.cdn.ampproject.org/c/s/www.montevideo.com.uy/Negocios-y-Tendencias/-Uruguay-es-la-proxima-Corea-del-Sur--afirma-el-magnate-israeli-Moishe-Mana-uc837705?plantilla=1685&proceso=amp

Uruguay is the next "South Korea", confirms the Israeli magnate Moishe Mana visiting , the philanthropist affirmed that the territory "is...

15/11/2022

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Our purpose is to make the international investor and or expatriate feel as comfortable as possible while investing or moving to Uruguay. Contact us: [email protected]

15/11/2022

Here are 3 reasons why you SHOULD invest in Uruguay😉

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14/11/2022

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