Uruguay: the best place for business

By Pittaluga Abogados

Considered the gateway to Latin America, Uruguay has been identified by several international corporations as a regional hub to expand their operations. Pepsico, BASF, Trafigura, Sony, UPM, Roche, Danone, and Renault are just a few of the companies that have chosen the country to do business, centralize their production processes, or set up distribution centers.

While there are many different reasons for their choice, the excellent conditions for doing business and the country’s stability are key factors behind these companies’ decision to make Uruguay the heart of their operations in the continent.

The sustained economic growth that Uruguay has enjoyed over the last 15 years have earned it an investment grade from the leading international credit rating agencies. With the economy growing at an average rate of 4.3%, the country has the second highest average growth in the region. In that context, investors also highlight the country’s world-class infrastructure and excellent quality of life.

Moreover, Uruguay has enjoyed solid political and social stability for decades, underpinned by a firmly consolidated democracy and strong legal certainty, making it a safe country to invest in, within a region that is highly attractive in economic terms.