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YouTube: Uruguay Highlights for Investors
| YouTube: Uruguay Highlights for Investors Investor introduction to Uruguay - potential for corporate farming, use as a food processing, logistics, IT Services hub for Mercosur/Latin America. High human development indicators. Credits: INAC - Uruguay For more info Contact: info@alliedventure.com www.alliedventure.com • The Uruguayan Constitution and investment law Nº 16.906 clearly state that there can be no discrimination or unequal treatment between local and foreign investors. There are no restrictions on the type of real estate that can be purchased by foreigners including with commercial real estate, • There is free movement of capital and dividends (in and out of the country) for any individual, institution or corporation. • All corporations and individuals are free to acquire any asset and operate any businesses in any sector (including agribusiness - farms and forestry plantations.) except for oil distilling, electricity distribution, railroad, basic wired line telephony and piped water distribution which are operated by governmental companies. • Corporate Tax on profits is 25% for all activities (except for forestry and software which is 0%) and can be lowered on certain types of projects (not agriculture). • For the US, Uruguay is a safe country for investments. uruguay.usembassy.gov • "Bordering Argentina in the west, Brazil in the east and the Atlantic Ocean to the south, the tiny country of Uruguay is one of South America's best kept secrets. It is the most democratic nation on the continent and one X;b>...X;/b> |
| "Investing in Uruguay"
Hi Allison, Thats a nice video but there isn't much information with it. I've been living in Uruguay for a while now and would be interested in investing here because I feel there are many up and coming industries. Could you offer any advice? Or if there are any other expats out there who have invested here maybe you could share your experiences and contacts? I'm looking into forestry, gold extraction and technology. Thanks |
| The video is quite informative for me. It is showing the place or a wide field in Uruguay where investors can probably embark an investment. I am aware how progressive Uruguay is. Most investors there both foreign and local have thrived and uplifted the Uruguay economy. The manufacturers of various products in Uruguay are really determined to provide very satisfying products for people. I hope to put up my own investment in Uruguay. |
Comment #309/05/10 19:02Rural east Colonia departmento | "Progressive?!?"
I'm a small farmer. Luckily I bought my farm before the FA government imposed its 10% tax on the sale of farmland and I bought it privately thus saving myself the usual 3% sales commission. While I can see a passable future for agriculture and forestry here, the general levels of bureaucratic opposition to non agri/forest businesses would make me very cautious about investing in industry or commerce here... with the possible exception of a small tourist project which I managed myself. The costs involved in employing workers are high... getting on for twice the wage you pay the worker. The trades unions aren't exactly helpful either. I love the ROU and wouldn't live anywhere else but I reckon it to be a generally business-unfriendly place. Last year I had to say goodbye to an American friend and neighbour who moved here with the intention of setting up a microbrewery. After 32 months of being run ragged by an endless stream of time wasting funcionarios and expensive lawyers, he finally cut his loses and left. My best investments here have been the loans I've made to the government which they spend on groovy unmeasurable things like "social justice." Being the gov, they exempt themselves (and me) from the 12% income tax which commercial lenders have to pay :-) |
| "Social justice in Uruguay"
"Social justice" Patrick it's necessary in "El Campo" where the big "Patrones" for a Century or more kept their employees working long hours and paying less than the minimum wages required in any civilized Country.The working class people are getting(or trying to get) what was denied to them for many years, it's not a hand out (famous phrase of the wealthy) If you can't pay a decent salary to people to work 8 hours, then you should not have or try to have a business in Uruguay or anyplace else. Simple math and a lot of decency is required, otherwise just invest in Loans to the Government for Social Justice nothing to be a shame of and we say "gracias". |
Comment #509/10/10 23:14Rural east Colonia departmento | "Right on!"
My BPS contribution was paid last week and to keep the record straight I approve of social justice. I lend indexed pesos to Pepito at 5% and am happy with the tax free result so no moans from a pensioner like me :-)I'm a long time supporter of the mixed public-private economy but in my view, the bureaucratic minefields resulting in high admin costs and the very high employment costs are hurting the private part and preventing many small business start-ups so necessary for a mixed economy. The sad thing is that many of the problems could be alleviated by disarming some of the bureaucratic mines at no cost to the government. "Let them print their own invoices!" is my plea. :-) |
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