Making business in uruguay easier: New “Simplified Share Companies”

Recently, in the framework of an improvement in the business environment in Uruguay, aiming to attract investments and facilitate the start-up of projects, a new more flexible legal vehicle was regulated than the existing ones: the Simplified Shares Companies (“SSC”) ). These provisions complement and reinforce the recent changes that make the criteria for obtaining…

Why are foreign companies choosing to do business in uruguay?

As founding member of Mercosul and for the last decade its political and economic stability has attracted the attention of foreign investors seeking to incorporate a company and do business in Uruguay. In Uruguay, foreign direct investment (FDI) has reached record levels, making the country one of the top receivers of FDI, in terms of GDP…

Crisis can turns into logistics opportunity

CRISIS CAN TURNS INTO OPPORTUNITY THRU AN INTELLIGENT LOGISTIC OPERATION Logistics in the current crisis, and apparently in the coming years, will require a high dose of imagination from entrepreneurs to reduce their internal costs and guarantee their competitiveness in the national market as well as in the regional and international market. The review of…

Uruguayan ports operate under the Free Port regime

Uruguayan ports operate under the Free Port regime which allows among others: – The transit of goods without requiring authorizations or formal procedures. – Exemption from import taxes within the port area. – Modify the destination of the goods freely: no previous declarations are required for handling. – Storage for up to five years in Uruguayan…

Containers are stacked in Brazil port terminals since clearance is delayed by importers due to the crisis; look the alternative…

Logistics operators in Uruguay are offering storage structures available at the port and also in the free trade zone, in order to resolve container bottlenecks in Brazil’s maritime terminals, since full containers are stacked pending nationalization, while importers they cannot do so since, due to the Covid-19 crisis, domestic sales fell and, at the same…

When Crisis Become an Opportunity to do better

The current crisis will require entrepreneurs in Brazil to have a high dose of imagination to reduce their internal costs and guarantee their competitiveness in our market as well as in the regional and international market and drastically reduce lead time. The review of the logistic and essential processes such as port taxes, freight /…

Benefits of Uruguay’s Free Trade Zones

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…