Why Investment in Uruguay Provides an Excellent Opportunity for Overseas Investing.
Uruguay, according to the words of its president, “is a reliable country” that “respects contracts and investments.”
With a stable economy, a strong commitment toward outside investment and an index of annual growth of approximately 5%, which has inspired more and more foreigners to invest, Uruguay offers a great deal of reliability.
The absence of controls on currency exchange operations, the absolute liberty for capital movement (entrance and exit), confidentiality with respect to banking, as well as the implementation of fixed interest rates are the main characteristics of the Uruguayan financial sector.
Uruguay has been granted the qualification of “investment grade,” as dispensed by recognized companies, such as the British IBCA and the American Duff & Phelps. This demarcation indicates that Uruguay is considered a country free of risk for investment. It ranks as one of the top three countries in Latin America for its ability to pay its external debt.
Source: International Living Magazine