Uruguay Geography, Politics, Economy, and Culture
Home to three and a half million people, Uruguay is one of the smallest nations in South America, bordering Argentina and Brazil. Its capital, Montevideo, houses about a third of the total population and was founded by the Spanish as a military stronghold in the 18th century.
Uruguay is a relatively stable and progressive country in the region, ranking high on indexes for democracy and low corruption. It is regarded as a high-income country by the United Nations and is one of the regional leaders in the use of renewable energy. It is also considered a socially advanced country with its tolerance of personal rights, as well as cannabis use.
Its climate is fairly mild and uniform and its export-oriented agricultural sector contribute almost 10% towards GDP, employing 13% of the workforce. Tourism is also a significant part of Uruguay’s economy with one of its main cultural attractions being the Punta del Este, with beaches situated on a small peninsula off its southeastern coast.
Its people are primarily of European origin, Spanish speaking, with the majority of the population considering themselves as Catholics.
|May 1||Labor Day / May Day|
|July 18||Constitution Day|
|August 25||Independence Day|
|December 25||Christmas Day|
- S.A. (Sociedad Anónima)
- S.A.S. (Sociedad por Acciones Simplificada)
- S.R.L. (Sociedad de Responsabilidad Limitada)
- S.C.I. (Sociedad de Capital e Industria)
- S.C. (Sociedad Colectiva)
- Corporate Tax: 25%
- Income Tax (Lowest Marginal Rate): 0%
- Income Tax (Highest Marginal Rate): 30%
- VAT/GST/Sales Tax: 22% (standard rate), 11% (lowest rate), 0% (extent)
- ABN-AMRO Uruguay (Commercial Bank)
- Banco COFAC (Commercial Bank)
- Banco Comercial (Commercial Bank)
- Banco de Crédito (Commercial Bank)
- Banco Hipotecario del Uruguay (Commercial Bank)
- Banco Montevideo (Commercial Bank)
- Banco Real del Uruguay (Commercial Bank)
- Banco Santander Uruguay (Commercial Bank)
- Discount Bank Latin America (Uruguay) (Commercial Bank)
- Banco de la República Oriental del Uruguay (State Bank)
- Banco Hipotecario del Uruguay (State Bank)
- Banco Central del Uruguay (State Bank)
- Banco Bandes Uruguay S.A. (Private Bank)
- Banco Itaú Uruguay S.A. (Private Bank)
- Scotiabank Uruguay S.A. (ex. Nuevo Banco Comercial S.A.) (Private Bank)
- Discount Bank (Latin America) S.A. (Private Bank)
- Banco Santander S.A. (Private Bank)
- Banco Bilbao Vizcaya Argentaria Uruguay S.A. (Private Bank)
- HSBC Bank (Uruguay) S.A. (Private Bank)
- Banco Surinvest S.A. (Private Bank)
- Citibank N.A. Sucursal Uruguay (Private Bank)
- Lloyds TSB Bank plc (Private Bank)
- Banco de la Nación Argentina (Private Bank)
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Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.