You are here: Forum > Living in South America > Uruguay > Work > Doing business in Uruguay
  Register and reply  

Doing business in Uruguay


#1  2012-02-17 10:42:22

Julien
Founder
Julien
From: Grand Baie
Registered: 2005-03-11
Posts: 27532

Doing business in Uruguay

Hi,

are foreign investors welcome in Uruguay?

Is it complicated to register a company in Uruguay? What is the procedure?

What is the corporate tax rate in Uruguay?

Is it easy to recruit?

Any advice you would share with us?

Thank you very much for your participation,

Julien




 
 
 
 
 
 
 
 
 
 
 

Follow us on Facebook & Twitter
  • Offline

#2  2012-02-20 20:56:43

Pieter Prinsloo
New member
Registered: 2010-03-07
Posts: 9

Re: Doing business in Uruguay

Hallo Julien,

Uruguay welcomes investors. They have several favourable conditions for investors. To register a business is both simple and complicated.Lots of red tape.You need professional advice to navigate this process.Recruitement should not pose much of a problem. The following link is to a reputable company that could help you: fischer.com.uy/

Last edited by Pieter Prinsloo (2012-02-20 20:59:42)




 
 
 
 

  • Offline

#3  2012-02-24 21:45:17

niceNMguy
New member
niceNMguy
From: Tularosa, NM
Registered: 2011-10-10
Posts: 2

Re: Doing business in Uruguay

Costa Rica has a problem with squatters on land purchased by part time resident investors - is there a similar problem in Uruguay?




 
 
 
 

  • Offline

#4  2012-02-25 23:04:37

Pieter Prinsloo
New member
Registered: 2010-03-07
Posts: 9

Re: Doing business in Uruguay

There was a case of squatting in the far North of the country by some sugercane workers a while back. However property rights are defended (protected) and respected as many foreigners own property in Uruguay.




 
 
 
 

  • Offline

#5  2012-02-25 23:15:37

niceNMguy
New member
niceNMguy
From: Tularosa, NM
Registered: 2011-10-10
Posts: 2

Re: Doing business in Uruguay

Thanks Pieter for the quick answer.  Do you find the total cost of living in Uruguay to be much more expensive than other neighboring countries?  Sometimes other countries report the price of something without added sales tax whereas Uruguay quotes prices including sales tax.  Just wondered what your thoughts are about quality of life versus what you are spending per month?




 
 
 
 

  • Offline

#6  2012-02-26 14:05:08

Pieter Prinsloo
New member
Registered: 2010-03-07
Posts: 9

Re: Doing business in Uruguay

The cost of living is a complicated subject. Quality of life in terms of standards applicable in North America measured in monetary terms could be considered by some to be lower.Quality of life is a personal issue. I like the Uruguayan lifestyle that is less focused on having lots of things(less consumption driven) The focus is more in line with what I perceive to be a good quality of life.The focus is on family and friends, good food, theatre etc and a balance between work and play.As for neighbouring countries,Argentina offers the same in certain geographical areas and also good value. Politics are however very unpredictable there.It is difficult to plan as you dont know when to expect what.Most South American countries are in a social process to eradicate inequality and therefore experience political engeneering that can be unpredictable, volatile and focussed on populist policies to consolidate political power.Investor are seen by many as Oligargs that come to exploit the country. I dont need that type of animosity. Uruguay,s politicians know and understand that stability is paramount if you want to attract investors.Uruguay and Chile are the most stable and predictable countries in the region.I as an investor would not invest in the others because of their risk profiles as assessed by me ( personal)Others might only want to retire in a save environment. For them there are possible options all over South America depending on money issues.




 
 
 
 

  • Offline

#7  2012-02-26 14:15:40

Pieter Prinsloo
New member
Registered: 2010-03-07
Posts: 9

Re: Doing business in Uruguay

I did not really answer you. Cost of living with inflation (+/- 6-9%) fairly high is affordable (to me) but can become problematic should inflation continue on its current trend.To lead a comfortable middleclass life, own a house( bought cash) and car (bought cash) etc I would not budget at less than $ 2400 - $3000 US per month.This for a family of 3.I know I can probably live cheaper in Paraguay or Colombia but Uruguay offers what I need.The above mentioned figures are higher than what the average Uruguayn spends.




 
 
 
 

  • Offline

#8  2012-03-21 21:11:21

thanos47
Member
From: merida yucatan
Registered: 2011-08-28
Posts: 14

Re: Doing business in Uruguay

I am from europe and i lived in uruguay 4 years with my family.2007-2011.I think its the worst place in latin america.Very expensive life and miserable quality while lacking basic goods.The electicity for a house of 150sq.m  that i had with all the comforts costs U$400  a month.There is a site to see how expensive is.www.numbeo.com
I live now in mexico and the life is 50% down maybe 60%.I had a chevrolet 1.6 mondel 1999 and i sold in 2011 U$13.000.Here in Mexico i bought BMW X5 for U$15.000 mondel 2006.There is no quality in uruguay.There are 3 shopping in montevideo and all have the same shops.Its crazy!!!My opinion is that the neighborhood countries like Argentina or Paraguay or chile are better.My best is Argentina.Uruguay never,never




 
 
 

  • Offline

#9  2012-04-24 21:44:16

freedom36
New member
From: Atlanta
Registered: 2012-04-24
Posts: 4

Re: Doing business in Uruguay

Really that much money per month for energy?




 
 
 
 

  • Offline

#10  2012-04-25 08:15:20

Christine
Administrator
Christine
From: grand baie
Registered: 2008-09-29
Posts: 23594

Re: Doing business in Uruguay

Hello guys,

Could you please start a new thread concerning "Cost of living" in the Uruguay forum?

The topic of this discussion is "Doing business in Uruguay".

Thank you,
Christine




 
 
 
 

Follow us on Facebook & Twitter
  • Offline

#11  2012-04-25 17:55:07

freedom36
New member
From: Atlanta
Registered: 2012-04-24
Posts: 4

Re: Doing business in Uruguay

What sort of license is needed for a foreigner.  I would like to vend on the beach.  I was wondering if anyone might have information.  Thank you.




 
 
 
 

  • Offline

#12  2013-02-09 10:02:42

dnb
Member
dnb
From: Chicago
Registered: 2013-02-08
Posts: 13

Re: Doing business in Uruguay

Some answers in bold in-text below...

Julien wrote:

Hi,

are foreign investors welcome in Uruguay?

yes, Uruguay is VERY friendly to foreign investment.

Is it complicated to register a company in Uruguay? What is the procedure?

I have used the firm of Fischer & Schickendanz where Juan Fischer speaks english like you and is US trained as a lawyer.  There are various forms of companies, and some more expensive than others.  Drop him an email for costs.

What is the corporate tax rate in Uruguay?

in general 25% though there may be exceptions

Is it easy to recruit?

probably depends upon the business you have in mind.

Any advice you would share with us?

things 'work' in Uruguay, and it is rated fairly high in the World Freedom Index, including doing business.  However, it is not a 'cheap' country to live in by any means.  You either want to do business there for a particular reason (I farm there) or you love the country in general.  If not, there are better places that would be cheaper (definitely not Chile).  I would also ignore Brasil as overly complex, same for Argentina.

Thank you very much for your participation,

Julien

Last edited by dnb (2013-02-09 10:03:48)

  • Offline
Like this topic? Share it with your friends!


Expatriate health insurance Uruguay

Free advice and quotation service to choose an expat health insurance in Uruguay.
>> Click here

Moving to Uruguay

A few tips from professionals about moving to Uruguay.
>> Click here

Expat banking Uruguay

Discover the benefits of expat banking for people living and working abroad.
>> Click here

Businesses and services in Uruguay

Find the professionals in Uruguay in the Expat blog directory.
>> Click here

Luggage shipping Uruguay

Useful information about luggage shipping to Uruguay.
>> Click here

Travel insurance Uruguay

Don't worry and travel happy across Uruguay.
>> Click here

To
Subject *
Message *
   You are here: Forum > Living in South America > Uruguay > Work > Doing business in Uruguay