The Uruguayan investment sector has equality in all areas where the government there treats foreign investors like national investors without bias. Uruguay is a civilized country in South America where there is a good urban and civilized development, and the idea of investing in it is a very good idea because its government is keen to promote and protect foreign and domestic investors alike for the benefit of the country.
The economic situation in the country:
Uruguay has a special economic status and is one of the most developed countries in South America where the per capita income increases, which reinforces the investment climate in Uruguay, so the World Bank classifies Uruguay as a high income country in the United States. Uruguay has a distinct place in terms of achieving social justice in terms of low poverty rates and an increase in the size of GDP.
Geographical location of Uruguay :
Uruguay is located in the south-eastern part of South America bordered by the north-east of Brazil, the Atlantic Ocean from the south-east and the Lailana River from the south and Argentina from the west. It is the second smallest country in South America after Suriname.
Importance of investment in Uruguay:
In 1998, the Uruguayan government approved a law to pay for investments.
The benefits of investment in Uruguay:
Facilities offered by Uruguay to those who invest in them:
1. For monopoly and privatization policies:
The foreign investor who works in Uruguay is treated as an Uruguayan citizen and is allowed to participate at any stage of the privatization process. As Uruguay is known to maintain state monopolies in certain areas where the law prohibits direct participation in foreign capital. For example, some state-owned entities contracted with foreign-owned companies to provide specific services at a given time under BOT regulations and to privatize multiple sectors in the country such as electricity generation and real estate insurance.
2. Foreign exchange and transfer policies:
Uruguay has no restrictions on the purchase of foreign currency or the transfer of profits abroad for investment in Uruguay, despite its exposure to a financial and banking crisis in 2002 as well as free access to foreign exchange at market prices.
3. With regard to expropriation and compensation:
The Uruguayan Constitution provides that in case of expropriation immediate payment is made for fair compensation in case of investment in Uruguay. There are also no laws requiring local ownership other than certain state-owned sectors such as the water sector.
4. With regard to dispute settlement:
Including the right of an investor seeking to invest in Uruguay to choose between the judicial system or arbitration for the settlement of disputes as Uruguay has been a member of the International Center for the Settlement of Investment Disputes since 2000. The judicial authority of Uruguay is independent and the government does not intervene in the court system where the legal system There is a civil order.
5- Regarding the conditions of investment permits in Uruguay:
The current law on the Uruguayan investment process treats foreign and domestic investors equally, as foreign investors who prefer to invest in Uruguay do not have to meet any specific requirements. Therefore, discriminatory visas, residence or work permits are not an impediment to the investor.
Investment sectors in Uruguay:
Foreign investors have been able to invest their money in Uruguay in such sectors as mining, forestry, agriculture, industrial services, infrastructure, construction and reconstruction.
The economic situation in the country:
Uruguay has a special economic status and is one of the most developed countries in South America where the per capita income increases, which reinforces the investment climate in Uruguay, so the World Bank classifies Uruguay as a high income country in the United States. Uruguay has a distinct place in terms of achieving social justice in terms of low poverty rates and an increase in the size of GDP.
Geographical location of Uruguay :
Uruguay is located in the south-eastern part of South America bordered by the north-east of Brazil, the Atlantic Ocean from the south-east and the Lailana River from the south and Argentina from the west. It is the second smallest country in South America after Suriname.
Importance of investment in Uruguay:
- Investment in Uruguay is of great importance in terms of the government's position in Uruguay at one distance for domestic and foreign investors.
- Economic officials in Uruguay have always stressed the importance of investment in Uruguay in both foreign and domestic forms in social and economic development.
- Double Uruguay's GDP by attracting foreign direct investment and developing the domestic capital market.
In 1998, the Uruguayan government approved a law to pay for investments.
- This law affirms the protection of national and foreign investment for the benefit of the country.
- This law provides for the freedom of investors to transfer capital and profits from abroad.
- Allows investments to make an entity without the need for prior permission or registration. No restrictions on technology transfer.
- Treatment of domestic and foreign investors alike.
The benefits of investment in Uruguay:
- Saving time and effort in obtaining special governmental permission to access the capital markets or to foreign exchange in case of investment in Uruguay and then focus and full time to establish projects without any restrictions.
- A system of 100 per cent foreign ownership, except if the property is restricted for national security purposes only.
- There is no specific authorization for companies to establish the import, export and deposit of deposits and bank transactions in any currency or to obtain credit.
Facilities offered by Uruguay to those who invest in them:
1. For monopoly and privatization policies:
The foreign investor who works in Uruguay is treated as an Uruguayan citizen and is allowed to participate at any stage of the privatization process. As Uruguay is known to maintain state monopolies in certain areas where the law prohibits direct participation in foreign capital. For example, some state-owned entities contracted with foreign-owned companies to provide specific services at a given time under BOT regulations and to privatize multiple sectors in the country such as electricity generation and real estate insurance.
2. Foreign exchange and transfer policies:
Uruguay has no restrictions on the purchase of foreign currency or the transfer of profits abroad for investment in Uruguay, despite its exposure to a financial and banking crisis in 2002 as well as free access to foreign exchange at market prices.
3. With regard to expropriation and compensation:
The Uruguayan Constitution provides that in case of expropriation immediate payment is made for fair compensation in case of investment in Uruguay. There are also no laws requiring local ownership other than certain state-owned sectors such as the water sector.
4. With regard to dispute settlement:
Including the right of an investor seeking to invest in Uruguay to choose between the judicial system or arbitration for the settlement of disputes as Uruguay has been a member of the International Center for the Settlement of Investment Disputes since 2000. The judicial authority of Uruguay is independent and the government does not intervene in the court system where the legal system There is a civil order.
5- Regarding the conditions of investment permits in Uruguay:
The current law on the Uruguayan investment process treats foreign and domestic investors equally, as foreign investors who prefer to invest in Uruguay do not have to meet any specific requirements. Therefore, discriminatory visas, residence or work permits are not an impediment to the investor.
Investment sectors in Uruguay:
Foreign investors have been able to invest their money in Uruguay in such sectors as mining, forestry, agriculture, industrial services, infrastructure, construction and reconstruction.
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