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Uruguay: The Safe Haven You Should Pay Attention To

2020-12-01T11:07:14-03:00December 1, 2020|Categories: Economy, Tourism|Tags: , |

Yesterday, I was out at a stunning new golf community just outside of Cabo. There’s been a major water issue with many of the golf courses here. They can only be watered with grey water—which is fine during normal times—but because the hotels have been quieter than usual, there hasn’t been enough wastewater in recent [...]

dLocal becomes Latin America’s latest fintech unicorn

2020-09-23T10:39:43-03:00September 23, 2020|Categories: Economy, Rankings|Tags: , , |

Montevideo, Uruguay-based fintech dLocal has achieved a valuation of US$1.2bn, making it Latin America’s latest fintech unicorn Not only is it one of the continent’s most highly valued fintechs it is also Uruguay’s first and (to date) only unicorn. The company reached the milestone following a $200m funding round led by previous investor General Atlantic, [...]

Real Estate Buyers Social Distancing As Far Away As Uruguay

2020-08-07T10:43:06-03:00August 7, 2020|Categories: Economy|Tags: , |

As the pandemic's long-feared second wave comes crashing down on us like a mammoth breaker pounding a cracker box coastal village, some real estate shoppers are looking for values far from the densely-packed districts that are their customary areas of interest. How far? How about Uruguay? As in the South American nation of 3.5 million [...]

For less than $400,000 you can now get Uruguay tax residency

2020-06-17T13:09:36-03:00June 17, 2020|Categories: Economy|Tags: , , |

Starting in July, foreigners who live at least 60 days a year in Uruguay and buy real estate valued above 3.5 million inflation-linked UI - currently equivalent to $378,000 - will qualify for tax residency. Newcomers can also obtain residency by investing more than 15 million UI in a business that creates at least 15 [...]

Uruguay, the exception to Latin America’s COVID-19 surge

2020-06-02T12:36:12-03:00June 2, 2020|Categories: Economy, Health, Science and Technology, Society|Tags: , |

Latin America has become the new center of spread for the COVID-19 pandemic. Distressing images from Guayaquil and Manaus are met with riots in Santiago, Chile and the empty thoroughfares of Buenos Aires, Argentina. Today, most of the continent lives under strict quarantine. Uruguay is an exception, with the country seeing the shallowest decline in [...]

Kemira Expands Uruguay Bleaching Chemicals

2020-05-28T14:55:28-03:00May 28, 2020|Categories: Economy, Production and Energy|Tags: , , |

Kemira will expand capacity in Uruguay for bleaching chemicals sodium chlorate and hydrogen peroxide to support a new long-term supply agreement with Finnish forest industry company UPM-Kymmene. “A key element of our Kemira strategy is to grow in pulp and bleaching applications where we have deep rooted global expertise,” commented Kemira’s president, pulp & paper, Kim Poulsen. [...]

Vietnam opens up to Uruguayan citrus

2020-05-27T10:54:45-03:00May 27, 2020|Categories: Economy|Tags: , , |

Vietnam has opened its market to Uruguayan citrus, as confirmed by Chancellor Ernesto Talvi. This opening is the result of efforts initiated in the previous period of government and continued in the current period. The achievement is the result of intense negotiations, which began in the administration and continued in the current, from the offices [...]

City Football Group to build fourth campus in Uruguay by 2021

2020-05-11T12:42:22-03:00May 11, 2020|Categories: Economy|Tags: , |

The City Football Group have announced that Uruguay will be home to their fourth fourth major training facility. On top of Manchester City’s facilities, they have completed similar projects for their Major League Soccer side New York City FC and A-League outfit Melbourne City. Now CFG have announced plans to build a new campus to [...]

Uruguayan economic activity growths despite recessions in the region

2020-05-29T14:05:22-03:00March 3, 2017|Categories: Economy, Home|Tags: |

According to the quarterly report on Uruguayan economy, Uruguay in Focus, made by the Ministry of Finance, the economic activity in Uruguay picked-up during the third quarter of 2016, despite recessions in neighboring countries. Leading economic indicators, consumer confidence and record-high tourist arrivals during the summer season suggest that growth momentum, carried into the last [...]

Angela Merkel. “Uruguay could be the engine towards the battle for free trade”

2020-05-29T14:04:09-03:00March 3, 2017|Categories: Economy, Home|Tags: , |

After the meeting with Uruguayan president Tabaré Vazquez, German chancellor Angela Merkel said she hoped to make progress in negotiations for a free trade agreement between Germany and the Mercosur. Before the visit of president Vazquez, Merkel talked about Uruguay in her weekly radio program. She said that Germans know about Uruguay because its “good [...]

According to the Inter-American Development Bank, Uruguay is the country with the biggest middle class of the Americas

2017-02-20T02:57:36-03:00October 27, 2016|Categories: Economy, Society|

A social study from the Inter-American Development Bank (IDB) entitled Social Pulse in Latin America and the Caribbean 2016: Realities & Perspectives, says that Uruguay is the country with the biggest middle class in the region and explains the reasons why. The IDB report about realities and perspectives in Latin America and the Caribbean, indicates [...]

Uruguay improves its position in entrepreneurship ranking

2017-02-20T02:57:39-03:00October 19, 2016|Categories: Economy, Home|

A better performance in entrepreneurship human capital, cultural conditions and public policies explains the improvement. Uruguay is ranked in the fourth place at a regional level and 39 in a global level in the Systemic Conditions for Dynamic Entrepreneurship ranking, made by the Entrepreneur Development Program (Prodem) of the General Sarmiento University (Argentina). This report, [...]