Uruguay occupies a strategic position as a gateway to MERCOSUR, with two of its main ports, Montevideo and Nueva Palmira, located at the mouth of the Paraná-Paraguay-Uruguay waterway.
Its time zone is located between the United States and Europe, which is of great benefit when providing global services to the region and around the world.
Uruguay, capital of Mercosur, is a country recognized for its long tradition of institutional, political and legal stability.
The Uruguayan State promotes long-term investment policies and this has been a key reason why Uruguay has benefited from sustainable macroeconomic growth in recent decades.
In Latin America, the country spearheads the indices of Democracy, Low Corruption, Prosperity and Rule of Law. In the region, it ranks second in the Freedom of the Press Index and third in the indices of Global Peace and Economic Freedom.
According to the latest World Bank Report, Uruguay is the best MERCOSUR country in which to do business, ranking 92nd among 189 countries in the world. The presence of the European Chambers of Commerce has a long history in Uruguay.
As a gateway to MERCOSUR, the country provides the opportunity to access a market of more than 400 million people. The State provides benefits such as tax incentives, business facilities, speed in customs procedures, and fluidity in international trade operations. Uruguay also offers modern logistics, with first-rate port and airport infrastructures.
Companies established in the country benefit from the latest technology. Uruguay leads the ICT Development Index in Latin America and is the country with the highest download speeds in the region. In addition, thanks to the One Laptop per Child programme, Uruguay enjoys full digital inclusion. Education in Uruguay is free and public universitiesare accessible to all.
Currently, the country has more than 400 European companies, representing 26% of the foreign companies established in the country. The origin of the first chamber of commerce, the French Chamber of Commerce in Montevideo, dates back to 1882. The European Union is the largest investor in Uruguay. Among the major sectors of interest in the country are investments in pulp, logistics, agriculture, tourism, pharmaceuticals, renewable energies, financial services, and telecommunications.
In recent decades, the Uruguayan State and the private sector have worked together and the country currently has outstanding investment opportunities, mainly in the sectors of infrastructure and renewable energies, business services, communication technologies, and agri-business.
The Uruguayan Technological Laboratory (LATU) certifies products in accordance with international norms and standards.
Uruguay is the Latin American country with the greatest investment in clean energy and is a world leader in electricity production from wind energy. In the country, 95% of electricity is generated from renewable sources, with 30% coming from wind farms.