Why Uruguay is proving so attractive to potential investors

Uruguay is a small country in South America that has been increasingly attracting the attention of foreign investors in recent years. With a stable political environment, a diversified economy, and a highly educated workforce, Uruguay is emerging as a promising destination for investors looking to diversify their portfolios and tap into new opportunities. This post will explore some main reasons why investors are attracted to Uruguay. One main factor that makes Uruguay an attractive destination for investors…

Uruguay: a small country with great potential in South America

Latin America is globally known for its multiculturality and complex history, amongst other things. The 20 countries that constitute Latin America have many similar traits, but one country in specific stands out from the rest due to its unique characteristics: Uruguay.  Uruguay is a nation with few inhabitants, a small territory and a scarcity of mineral resources. However, the country has managed to progress steadily into one of the most stable countries in the area, ranking third in the Human Development…

GTSA Property Site uses the highest-ranked client communication system in the industry

Campaign Monitor ranked the best Email Marketing software. Software Review’s 2023 Email Marketing Data Quadrant report shows how Campaign Monitor excelled compared to Mailchimp, Constant Contact, Hubspot, and Klayvio. Our sponsoring property site Gateway to South America has used this software for over five years, mainly communicating with our clients interested in buying property in South America in English and Spanish but with some marketing in Portuguese. Having marketed in the South American marketplace…

Why South America should be considered a Preferred Investment Destination

GTSA principal Geoffrey McRae has lived and owned real estate in South America since 2003, so he has his own views of its opportunities and risks. He founded the real estate group under the Gateway to South America brand covering Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, so he has seen the benefits and challenges of operating in each country and market. In his opinion, business success in the region relies on the ability to understand the countries’ histories, their business customs and learn…

Uruguay’s success story continues unabated

Uruguay is posting close to Chinese levels of GDP growth as its economy diversifies, thanks to prudent macroeconomic policies and balanced fiscal accounts that have resulted in low inflation coupled with strong gross domestic product and foreign direct investment growth. At the close of this year, Uruguay will have experienced 24 consecutive quarters of economic growth, reaching an average annual rate over five years of 8.1%. This year, the Uruguayan economy is forecast to grow at 7.5% within a framework of…

Argentines continue to flock to Uruguay to Invest

Data released by the Central Bank of Uruguay (BCU) reveals that, as of December 31, 2022, the investment advisors and portfolio managers sector in Uruguay had grown in terms of clients and employees. Specifically, there were 67 portfolio managers and 106 investment advisors in the country, an increase of 10 from the previous year. These advisors and managers managed the assets of 36,170 clients, 21.5% more than at the end of 2021, and employed 951 people. Of the total number of clients, 63.7% were Argentines,…

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…

TLG announces the sale of one of Uruguay’s most iconic farmland properties

Co-founded in 2016 by Francisco Roque de Pinho and Joaquín Labella in Uruguay – a country with vast unexplored agricultural potential wedged between Argentina and Brazil – TLG Management Partners (TLG) works to implement improvements on and then manage underperforming farmland properties in South America on behalf of European investors.  Common challenges associated with the global pandemic, including economic uncertainty, depressed commodity prices, and market volatility, followed by supply chain…

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…

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…

How to Invest in Uruguay Real Estate and Obtain Tax Residency

Uruguay is considered one of the most stable economies in Latin America. With the second-highest minimum wage, and the third-highest Human Development Index of the region, the country positions as an attractive destination for foreigners looking to settle, buy real estate, or obtain a tax residence in Uruguay.   Likewise, the cost of properties in Uruguay tends to be lower than in other Latin American nations and the purchasing process is not as complicated as in neighbouring countries. Because of this,…

Eucalyptus Plantation Forestry Investment in Uruguay shows impressive returns

Uruguay has significant geographic, climate and competitive environmental advantages in modern Eucalyptus timberland plantation forestry, making it one the world’s lowest base cost Eucalyptus producers. The Uruguay forestry model driven by the state-of-the-art world, class pulp plant investments in Uruguay by UPM and Stora Enso/ Auraco has created a vigorous, sustainable and ultimately disruptive forestry model which is changing the dynamics of traditional timber markets on a worldwide basis on a scale last…

Why the smart money is still Investing in Uruguay today?

Uruguay is a small country that staunchly defends its constitutional democracy, its political pluralism and the individual liberties and its inhabitants. Consequently, on an international level, it has received a large degree of credibility, and has been recognized by diverse organisms as one of the safest place to invest in Latin America. Uruguay is divided administratively into 19 departments, totaling 176,210 square kilometers, making it the second smallest country in the region. It borders Brazil (to the…

Uruguay expanded 4,4% in 2021 and is poised to continue growing strongly, IMF report

The economic recovery continues at a firm pace, despite a volatile external environment, supported by high agricultural commodity prices, recovering service sectors and strong investment. Inflationary pressures, driven both by external and domestic factors, are expected to dissipate only gradually. Amid a well-advanced recovery, conditions are appropriate for further fiscal consolidation efforts while supporting the most vulnerable to mitigate the impact of the food and energy price shock. Additional monetary…

Uruguay rides high on China partnership

Nation posts record exports to a key market, boosting trade deal hopes Uruguay’s exports to China surged to a record high last year, fueling hopes of further gains if efforts by the two countries to scope out a free-trade deal bear fruit. Uruguay, a South American country with just 3.5 million people, sent shipments to China worth more than $3.2 billion. The trade partners are in exploratory discussions for a free-trade agreement, which many see as likely to provide further momentum to bilateral economic…
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