Uruguay is home to 12 free trade zones in total. Within these zones, all forms of business activities are permitted: from manufacturing and warehousing, to services and trade. As such, these special economic areas play a key role in attracting foreign investment to Uruguay. Well-known companies such as PepsiCo and Sony base operations within two…
Brazilian exporters are using also Free Trade Zones and Montevideo port as gateway for their cargoes
Brazilian exporters are using also Free Trade Zones and Montevideo port as gateway for their cargoes.
From Jan/Aug 2019 were exported U$S 107:621.355,61 via Uruguay as Logistic Hub.
The stats hereunder show how import cargoes to Brazil via Uruguay – (thru Montevideo free port and free trade zones ) are growing and reaching in 9 month this year a total of U$S 307:573.718,06.
Latin America (LATAM) is an important region for Life Sciences & Healthcare (LSH) companies; opportunities include a fast ageing population and a burgeoning middle class to name just two. However, in its current shape distribution in LATAM will become challenging due to changes in the industry, such as personalized medicine and direct-to-patient shipments. Here we…
Certificate of Origin of goods within the MERCOSUR and the operations in the Uruguay Free Trade Zones
As from 21st July 2019, Decision No. 33/15 issued by the Council (CMC) of the MERCOSUR will enter into force. The Decision in question establishes that all goods originating in a member State of the MERCOSUR—or a third country with the same origin rules (on the basis of an agreement with the MERCOSUR)—shall not lose…
On June 7, 2019, the Federative Republic of Brazil and the Eastern Republic of Uruguay signed in Brasilia a Convention to Eliminate Double Taxation in Taxes on Income and on Capital and to Prevent Fiscal Evasion and Elision. The signature reflects the country’s efforts to expand and modernize its network of tax agreements in the…
Why you should consider establishing a trading business in Uruguay: Trade connections and agreements, Free port and airport Free trade zones, Fiscal benefits An outstanding geographical location for regional operations. Uruguay is well-connected via trade agreements Uruguay’s GDP grew by 2.7% in 2017. This has brought the country’s growth streak to an unprecedented 15 years.…
- Abundant agricultural and forestry resources
- Social homogeneity and political stability
- Active reform policy (business environment, public finance, social security coverage)
- Substantial foreign direct investment
- Member of Mercosur, privileged trade relations with the EU and the United States
- Free Trade Zones, Free Port and Free Airport regimens
- Strategic geographical location to be the Regional Distribution Center in LatAm