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Uruguay
By Mark Teuten
Uruguay has been experiencing a large increase in immigration, particularly from Venezuela, Cuba and the Dominican Republic.
By Mark Teuten
Uruguay does not offer a fast track to citizenship through an investment or payment programme. Neither is it possible to get a passport without really living here for quite a long time.
By Mark Teuten
In a previous article we explained the basic operations and advantages of Uruguay's Tax-Free Zones (TFZs).
By Mark Teuten
Uruguay tends to do things about 30 years after other countries, but in some areas Uruguay has historically been a leader – a welfare state (1919), universal suffrage (1918), abolishing the death penalty...
By Mark Teuten
Since Uruguayan law assures an estate goes to a deceased person's children, and Uruguay does not have a significant inheritance tax, most Uruguayans don't bother to make a will.
By Mark Teuten
Uruguay was one of the first countries in the world to have a social security system (1919) and give women the vote (1917).
By Mark Teuten
Uruguay has two important pending agreements that require approval and further legal/practical changes in 2018.
By Mark Teuten
Uruguay, famous for its legal battle with Phillip Morris, is expected to continue raising it's already strict tobacco restrictions, yet is moving the other way on cannabis.
By Mark Teuten
In Uruguay, on 1 November 2017, a new criminal procedural code, expressed in Law No. 19.293, came into effect.
By Mark Teuten
Historically, many sole traders in Uruguay operated "informally" due to the high registration and reporting costs associated with a small business.
By Mark Teuten
Historically Uruguay's tax and financial systems were based on three fundamental concepts: Territoriality, Bank Secrecy and Taxation based on capital assets rather than income.
By Mark Teuten
In our previous article we set out the basic framework under which Free Trade Zones (FTZs) work and their main advantages and some (smaller) disadvantages.
By Mark Teuten
In 1988, Law 15.921 created Uruguay's Free Trade Zone (FTZ) regime allowing any type of industrial, commercial, or service activity to be carried out in a designated FTZ.
By Matilde Campiotti, Mark Teuten
The Uruguayan labour force is the best educated in Latin America, with many English speakers and well-qualified professionals in many fields.
By Mark Teuten
Uruguayan economic policies and deregulation of the real estate market, which has been in place for over 20 years, have helped to make Uruguay an internationally known real estate market.