Uruguay’s DLocal Valued at $5 Billion After Alkeon and Tiger Invest

2021-04-05T13:49:46-03:00April 5, 2021|Categories: Economy|Tags: , , |

DLocal, a payments startup, has seen its valuation more than quadruple to $5 billion after raising $150 million in an investment round led by Alkeon Capital. The Montevideo, Uruguay-based company also raised fresh capital from investment firms Bond, D1 Capital Partners and Tiger Global. DLocal, which processes cross-border payments, separately appointed Sumita Pandit, a former [...]

Spanish startup Lupa will have a factory in Uruguay

2021-03-01T15:54:39-03:00February 26, 2021|Categories: Economy|Tags: , |

Lupa, the Spanish startup, has announced that it will have one of its electric vehicle factories in Uruguay. The first two models to be produced will be the five-door compact (Lupa E26) and the van focused on the last mile distribution (Lupa E66). Later an SUV, the E137, will follow. This factory will distribute throughout [...]

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 [...]

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 [...]