Retail & E-Commerce Sector

WHY URUGUAY for retail?

• A long history of political, social and macroeconomic stability, as well as a series of advantages in different business platforms make Uruguay an ideal regional hub for the Americas. This concept encompasses not only support service platforms and commercial activities, but also more sophisticated and innovative operations.

• Its strategic location as a gateway to the region, its time zone and cultural affinity make doing business with major global markets easier. The country offers first-class logistics infrastructure and state-of-the-art telecommunications technology; it is a regional leader in technological infrastructure, both in terms of connectivity and Internet access, as well as in the ICT development index.

• Easy access to decision-makers. The country offers a well-coordinated and accessible technological and business ecosystem, with investment opportunities for existing companies (mergers and acquisitions) and the development of new ventures.

• Favorable regulatory framework. Investment in Uruguay, both domestic and foreign, is declared of national interest. The country ensures equal treatment for local and foreign investors, while a wide range of incentives are available to suit different types of activities. In the global services for export sector, there are significant tax exemptions and opportunities to operate under an export-oriented free trade zone regime.

• Talent. Uruguay provides universal and tuition-free access to all levels of education. This has made it possible to train generations of highly qualified and multilingual talent. Companies exporting services from Uruguay have support to implement tailor-made training programs for hired personnel and new recruits.

• Quality of life. Uruguay is a safe country, offering excellent living conditions for professionals and their families, with access to first-class health services and education. Montevideo is the city with the highest quality of life in Latin America according to the Mercer index. More and more foreigners are choosing Uruguay as their country of residence. Workers can reside and work legally in the country and are assisted in processing their visa and residency applications in an expeditious manner. Recently, a residence permit for digital nomads was recently approved in Uruguay, looking to encourage more foreign talent to live and work in the country.