Auxadi Uruguay
As a member of Mercosur, with free trade agreements with other LATAM countries, Uruguay provides access to a market of more than 400 million people, and represents a flow of foreign trade of almost 74% of Latin America's total. The country also hosts the highest literacy rate in Latin America (98% of the population), and modern infrastructure.
Foreign investors are attracted to Uruguay's political stability, business climate, and skilled workforce. FDI mainly comes from Argentina, Brazil, Spain, the Netherlands, and the USA, directed towards manufacturing, construction, and agriculture. Foreign investors enjoy the same rights and fiscal incentives as local investors. Moreover, FDI are free from restrictions and declaration.
Despite its relatively low ranking for Ease of Doing Business (101/190), Uruguay is keen on attracting FDI and has an investment promotion law that guarantees equal treatment for local and foreign investors. Individuals and corporations can launch businesses without having to comply with prerequisites, obtain special permits from the state, or have a local counterpart. There is no distinction between national and foreign capital, incentives are available to both, and it takes less than a week to set up a business.
There are some challenges, however, such as Uruguay's strict labour laws, small population, and vulnerability to the economic shifts of its neighbours.
AUXADI can become your ideal investment partner in Uruguay. We offer a One Stop Shop value added Outsourcing services in the areas of Accounting, tax compliance, payroll, transfer pricing and corporate legal services.
Uruguay
As a member of Mercosur, with free trade agreements with other LATAM countries, Uruguay provides access to a market of more than 400 million people, and represents a flow of foreign trade of almost 74% of Latin America's total. The country also hosts the highest literacy rate in Latin America (98% of the population), and modern infrastructure.
Foreign investors are attracted to Uruguay's political stability, business climate, and skilled workforce. FDI mainly comes from Argentina, Brazil, Spain, the Netherlands, and the USA, directed towards manufacturing, construction, and agriculture. Foreign investors enjoy the same rights and fiscal incentives as local investors. Moreover, FDI are free from restrictions and declaration.
Despite its relatively low ranking for Ease of Doing Business (101/190), Uruguay is keen on attracting FDI and has an investment promotion law that guarantees equal treatment for local and foreign investors. Individuals and corporations can launch businesses without having to comply with prerequisites, obtain special permits from the state, or have a local counterpart. There is no distinction between national and foreign capital, incentives are available to both, and it takes less than a week to set up a business.
There are some challenges, however, such as Uruguay's strict labour laws, small population, and vulnerability to the economic shifts of its neighbours.
AUXADI can become your ideal investment partner in Uruguay. We offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.
International Accounting, Tax, Payroll, Transfer Pricing and Corporate Legal Services in 50 countries
Services
At Auxadi, we are proud to offer a comprehensive range of professional services, such as accounting, tax, payroll, transfer pricing and Corporate Legal Services to over 1,300 clients. In addition to these core services, we also provide a range of key services for multinationals and funds. Our MySPV platform and local experts enable us to provide comprehensive financial management services, acting as an extension of your finance department.
Our services
Accounting
We provide corporate accounting administration for global corporations and investments with our unique MultiCountry IT platform.
Tax
We can help sort your international taxes. Our expert tax teams know all the details and will ensure you remain tax compliant.
Payroll
Our international payroll services remove the complexity but keep the confidentiality, using our unique IT system.
Cash management
Cash management is essential for every business – but monitoring and managing your cash flows can be time-consuming. Auxadi can help.
Consolidation and reporting
Our unique MultiCountry IT platform gathers the data from all your international entities, making consolidation and reporting stress-free.
Transfer pricing
We’re on hand to help with your transfer pricing – rely on our local knowledge and expertise.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
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