Before getting started, one of your topics as foreign investor or entrepreneur is to decided where is your operation taking place. We always love places we know and are familiar to experiences in order to feel safe and develop confidence.
Have you ever question yourself? If you would take your operation else where, could I be getting any more benefits?
Truth be told, there are a lot of countries in the world nowadays (more than 200) and some terms although interesting might be potential hazzard to your business.
This top ten reasons why you should consider Uruguay as investment grand slam.
1 - Institutions and estability. Uruguay political and institutional streght make this country a investor safe heaven from revolutions and political insurection.
2 - Banking Development. Due to private and public efforts, uruguayan banks recovered from it´s down fall in 2002 and currently uruguayan´s take more over than 50% of their income in credit, also after 2012 every person with a formal job gets automatically access to a bank account.
3 - Duty free zones. Uruguay possess multiple international platforms of business located at each strategic point of the country.
4 - Limited taxes and bank secrecy. Yes, bank secrecy is still running in Uruguay and for those that you don´t know, taxes over capital are below 1% of capital amount.
5 - Value of currency. If you are an american or european you will understand that for people here money is messured in a different manner. A person is to believed rich when he/she makes more than 50 thousand dollars a year. Not kidding, that might as well be a general manager yearly salary. Not only your currency is higher in value but also little on cost of labor force.
6 - Real Estate Boom. It is often frecuently that walking down Montevideo you can find up to ten construction sites (hell we even have a Trump Tower) so real estate is quite a business around here.
7 - Online and digital boom. Uruguay has developing our online markets and internet penetration rates show that 89% has internet connection at their homes.
8 - Software evolution. For years Uruguay has been improving our developers and nowadays uruguayan programmers work under american standards and efficiency.
9 - Favorable regional situation. During this year both of Uruguay's neightbours Argentina and Brazil are facing strong issues related to economy and corruption. Uruguay seems to be an oasis in the middle of desert with a growing economy even though international uncertitude.
10 - Start doing business today. To check out real estate offers and business developing platforms please check out casasweb.com to get new business oportunities every day.
As a personal remark I have to say that while all of this is great, what is really amazing of Uruguay it is ibeef... and it´s cannabis since it is legal since 2013.
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