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Private Banking in Uruguay is undergoing drastic changes

International trading and investment banks that have offices in Uruguay and offer financial services are changing. After the sudden departure of the Royal Bank of Canada,  you can add the Crédit Suisse, Raymond James sales and many others.. Traditional banking, which provides loans and takes deposits in Uruguay has made several changes as has merger and acquisition specialists, offshore banking, private banking or giving investment advisory services and fund management. The Royal Bank of Canada (RBC), which…

Taxes and Uruguay

Doing business in Uruguay Uruguay is an independent republic since 1825, situated in South America between Brazil and Argentina. In the course of the past twenty years, Uruguay has been making its mark as a growing and authentic international financial centre. Uruguay is characterised by solid banking provisions, political stability, excellent communications, a pleasant climate and a favourable tax system. Uruguay is an excellent location to minimise taxes while doing business in the area. Uruguay is a member…
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