Investment Advisors and Portfolio Managers

• Uruguay is recognized for its political, social and macroeconomic stability, positioning the country as one the safest countries in the region to do business.

• Excellent investment climate. Based on the latest survey of foreign investors, 84% of foreign companies are satisfied with Uruguay as a country to perform business.

• Adequate regulatory framework. Investment in Uruguay is declared of national interest, and equal treatment for local and foreign investors is guaranteed. There are no restrictions for capital repatriation or exchange controls, there is a convenient foreign exchange market, which allows free access and availability of foreign currencies.

• Regulation in Uruguay, aligned with international standards and the principles of the Organization for Economic Co-operation and Development (OECD), Uruguay is focused on the prevention of money laundering and the technical qualification of financial advisors. The Central Bank of Uruguay (Banco Central del Uruguay, BCU) is the regulatory and supervisory body for financial advisory activities and other financial services.

According to BCU data, in 2023 there were 105 investment advisors and 69 portfolio managers registered, totaling 174 financial agents. These agents have a portfolio of almost 50,000 clients, and they manage investments of more than USD 37 billion. Of this total amount, almost 90% is managed by foreign clients.