Global tax guide to doing business in Uruguay
Uruguay imposes taxes, primarily at a national level, over companies and individuals (residents and non-residents), based on the source income rule; that is, taxes will be levied on services performed, assets located and rights economically used within Uruguayan territory (with some exceptions). Uruguay has an important double-taxation treaty network, which follows the Organisation of Economic Cooperation and Development Model (The United Nations Model in some cases), which may reduce or even eliminate Uruguayan…
Answers to Frequently Asked Questions about GTSA
Who are we, and why do we have such a strong web presence with those looking to invest in South American Real Estate? The general characteristics that set Gateway to South America apart from other real estate agencies in the region could be summarised by the following: Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil,…
Is the US dollars Dominance ending in Trade?
Despite recent doubts about the dominance of the US dollar as a global reserve currency, its position remains strong due to its immense starting advantage, network effects, and the supply of safe assets available to dollar investors. While individual countries can circumvent the dominant system, a shift to a multipolar system of currencies is not imminent and would be inherently less stable. The reason why not: Counter arguments: Conclusion: China’s controlled flows of capital and current-account surpluses…
Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean
Uruguay’s investment advisors and portfolio manager sector grew substantially in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments. Data released by the Central Bank of Uruguay (BCU) shows that at the end of 2022, there were 67 portfolio managers and 106 investment advisors in the country. This is an increase of 10 from the previous year. Portfolio managers…
Latin America’s economic slump got you down? Get the lowdown on what may happen in 2023! Find out how these could affect your business or investments in the next year.
The global economic slowdown will dampen Latam’s growth prospects, but a reconfiguration of the global economy following the war in Ukraine may give rise to unexpected opportunities for the region. Five Facts About Latin America Economic Outlook Economic challenges faced by the world Nowadays, many countries are struggling with economic difficulties, Latin America included. The Latin American economic outlook for March 2023 shows growth during the COVID-19 pandemic. Governments use policy regularization,…
The state of Uruguay’s exports in 2023
Uruguay is a small yet prosperous South American nation that increasingly relies on exports to drive economic growth. In 2023, Uruguay’s exports are predicted to remain healthy and dynamic, driven by the country’s strong economic performance in recent years. The government of Uruguay has committed itself to promote export-led growth, focusing on bolstering the manufacturing sector and developing its agricultural exports. As a result of these aggressive investments in infrastructure and technology, Uruguay…
What is the most important thing that a person/company should consider if they want to invest in Uruguay?
Beyond the emotional elements, the investor must analyze each country’s advantages. Investors are becoming more aware that foreign investment competition is fierce among countries, especially those located in the same geographic area; therefore, comparing the benefits offered by each country is an excellent idea to finally decide the best option for your circumstances. The American Nobel prize winner, Milton Friedman (economist), said,” Investors in the current context are like consumers; they have…
Casapueblo, The Santorini of Latin America
Located on a high rocky point jutting over the sparkling water of Punta Ballena, Uruguay sits the Casapueblo, a magical sculptured hotel/museum often referred to as the “Greek island of Uruguay” or the “Santorini of Latin America.” The structure’s Cycladic-inspired architecture, combined with Punta Ballena’s fantastic sunset views, makes it look like a small village on the island of Santorini in Greece. The magnificent white building, a short 15-minute drive from Punta del Este, was built by the…
What the future for Mercosur looks like?
Mercosur is a group of countries that includes about 300 million people and covers almost 15 million square kilometres. They’ve got some awesome things going for them, like tons of biodiversity, rich farmlands, and lots of energy resources. The group started in 1991 when Brazil and Argentina decided to put their differences aside and work together. They made a treaty called the Treaty of Asunción, which said that they wanted to be able to move goods, services, and production factors between countries.…
Powering the Future: What changes can we expect in real estate marketing now that AI has gone mainstream
A deeper dive at the potential applications of artificial intelligence in real estate and how brokers and agents can leverage AI to enhance their business. As a result of the proptech revolution, artificial intelligence in real estate is proving to be a significant disruptor. With advancements in machine learning and the rapid evolution of AI, the real estate sector is learning how to handle the massive amounts of data that buildings produce and monitor specific KPIs to simplify operations and extract meaningful…
Vegans Nightmare: A third of global farmland at ‘high’ pesticide pollution risk
According to new research, a third of the planet’s agricultural land is at “high risk” of pesticide pollution from the lingering residue of chemical ingredients that can leach into water supplies and threaten biodiversity. According to research published Monday, a third of the planet’s agricultural land is at “high risk” of pesticide pollution from the lingering residue of chemical ingredients that can leach into water supplies and threaten biodiversity. The use of pesticides…
Airline News: Latam expects 20% plus growth in 2023
South America’s Latam Group operated at 83.2% of 2019 capacity levels in the fourth quarter of 2022 on its 144 destinations in 22 countries. It said this was “in line” with its roster of destinations in 2019 and expected annual growth in passenger traffic of more than 20% year-on-year in 2023. This would come from 38 routes that it did not operate in 2019. This included the new joint venture with Delta Airlines that would enable passengers of both airlines to access more than 300 destinations in North…
A GERMAN PUBLICATION DESCRIBED URUGUAY AS “A SAFE HAVEN IN TIMES OF CRISIS”
The prestigious German media Spiegel Ausland reported on the benefits offered by Uruguay in the context of the war in Ukraine and the advantages it has over its neighbours. “The country most likely to benefit from the crises in Europe in the long term is precisely one of the smallest on the continent: Uruguay,” explains the German news publication Spiegel Ausland in a story entitled “Effects of the Ukrainian war in South America. Safe haven in times of crisis”. From the information published…
Why the market value of investment real estate often comes back to the cost of replacement
Most legacy real estate salespeople use comparable sales as a measure of value for real estate, but it can be a trap if you are a value investor. Here’s my opinion on how buyers should be valuing investment property instead. Most people would argue they know how to value a property. There’s a basic format: You look at the property you like, look at prices for comparable properties, and estimate the value from there. In some cases, you might also include expected rental returns as part of your measure.…
Warren Buffett’s partner Charlie Munger’s thoughts on successful investment practise
Warren Buffett, the world’s most significant investor, added two short sentences to Charlie Munger’s list that have been his decision-clinchers for decades, “Warren, think more about it. You’re smart, and I’m right.” Warren Buffett talked about his long-time friend and business partner, Charlie Munger, in his annual letter to the investors that was published along with Berkshire Hathaway’s annual report. Warren Buffett listed a few of Munger’s thoughts. He advised investors, “Find…
