Uruguay has a population of 3.4 million people and for many years it has had a strong political and social stability, supported by a consolidated democracy.
Uruguay offers clear competitive advantages to the investor, including a privileged geographic location and a suitable and rapidly developing support infrastructure for goods and passenger transport by sea, air and land, and has an attractive investment promotion regimen. Since 2008, there is a one-stop shop to assist investors and an automatic, modern, predictable, transparent and effective mechanism that benefits a broader base of firms and specifies objective criteria for granting incentives.
In addition to this, Uruguay has other several regimes that make the Uruguayan legal framework even more attractive for investments, which include the free zone law, free ports and airports, industrial parks, temporary admission, boned warehouses, law on public-private partnership, law on social housing and specific regulations of each sector.
Lex Mundi provides coverage in Uruguay through its member firm, Guyer & Regules. The firm is the first and only Uruguayan firm to have been recognized as “Latin America Law firm of the Year”, “Uruguayan Law Firm of the Year” for six years and to have received the “Client Service Award” twice by Chambers & Partners. The firm has also been recognized as “Uruguay Tax Firm of the Year” by International Tax Review – Euromoney for three consecutive years, as “Uruguay Firm of the Year” by International Financial Law Review – Euromoney on three occasions and as “Firm of the Year – Uruguay” by Who´s Who Legal for four consecutive years.