Uruguay Launches One-Stop Platform for Foreign Investors

Uruguay launched a new digital platform that simplifies the process for setting up business operations in the country.

This online hub provides comprehensive information and resources for international companies: from navigating legal and tax procedures to accessing essential utilities.

The platform aims to serve as a single point of contact for investors, eliminating the need to interact with multiple agencies. It offers a user-friendly interface to register new businesses, obtain tax breaks and secure necessary services like electricity, water and Internet.

With this streamlined approach, federal authorities hope to significantly reduce administrative burdens and facilitate a smooth entry into the Uruguayan market.

“The digital platform will simplify all administrative processes, making it easier than ever for foreign companies to invest in Uruguay,” said Uruguay XXI, the government agency responsible for promoting foreign investment.

The initiative has already generated substantial interest, with inquiries primarily coming from the United States, Chile and Brazil.

Though a relatively small country surrounded by giants such as Brazil and Argentina, Uruguay has caught the attention of international investors recently. The country has welcomed, over a period of four years, 227 foreign investment projects, which created over 2,800 jobs in 2022 alone.

“We are committed to ensuring interoperability and enabling all procedures for foreign investors to be carried out digitally,” said Sebastián Risso, Uruguay’s Undersecretary of Economy and Finance.