“The steady growth of Uruguay is attractive for investment”

The new edition of the conference – Uruguay’s Value Proposition - was held in Santiago de Chile, presenting the attributes of why the country is a strategic and consolidated hub for developing multi-sector business platforms with a strong projection towards the region and the world.

The activity was organized on April 8, jointly with the governmental investment and export promotion agency Uruguay XXI and the Embassy of Uruguay in Chile, with the participation of the Ministry of Foreign Affairs of Uruguay. This new edition brought together more than 60 business people, investors, and professionals from both countries.

During the opening ceremony, the Minister of Foreign Affairs, Eng. Omar Paganini presented the investment opportunities offered by the country, highlighting new business development areas such as agritech and climatech, as well as business and innovation centers. In his presentation, he reviewed the trade & investment framework agreements.

Later, Dr. Sebastián Risso, Executive Director of Uruguay XXI, emphasized that “Uruguay’s strengths are its clear rules, transparency, reliability, and stability. It’s a nation style, highlighted by the investors who choose us.

Maria José Graña, the investment specialist at Uruguay XXI, added that Uruguay is easy to do business with and highlighted the country’s “excellent quality of life.” “By law, domestic and foreign investors are treated the same, and we have a single tax regime," she said.

During the country presentation, it stood out that Uruguay has a significantly high GDP per capita of almost US$ 20,000 per person, making it one of the countries with the best income distribution in the region. According to International Monetary Fund (IMF) projections, Uruguay will continue to grow in the medium term.

"Uruguay offers unique possibilities to scale business.”

The meeting featured an outstanding panel moderated by Uruguay XXI’s Global Services specialist, Fabiana Valiño, with the participation of Andrés Valderrama, partner and CEO of La Papelaria, and Diego Errázuriz, partner and CEO of Patagonland Inmobiliaria.

Andrés shared his experience of having lived “6 wonderful years” with his family in Uruguay. He highlighted the ease that the country offers to scale business in the region, as this is a scenario that they are analyzing.

For his part, Diego highlighted “the tranquility and openness to do business, regardless of the political in governance." At the same time, he underlined that “the benefits that Uruguay has for the investor are unparalleled”, highlighting the promoted housing regime and COMAP (Investment Promotion Law Commission) for large projects.

The event provided an optimal space for networking among Chilean businesspeople, investment advisors, and operators of free trade zones in Uruguay who participated in the event. The event brought together more than 60 participants from over 50 companies from both countries.

This is the third consecutive time Uruguay helds meeting in Chile with these features. Last year, several Chilean companies participated, resenting and discussing the advantages of developing their businesses by sharing their successful investment experiences in the country. Read here the testimonies of the companies.