With a geographical area of 176,215 square kilometers and a current population of 3.2 million inhabitants, Uruguay is one of the smallest countries in South America. Its current growth is 5% per annum.

The Uruguayan legal system is based on written law, passed by Parliament and enacted by the Executive Power. The country is politically organized under a Presidential system, divided into three independent powers: Executive, Judicial and Legislative.

Uruguay is politically divided into 19 departments, each one with its own Municipal Government, Mayor and Department Council elected by democratic vote.

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Topics:  Business Formation, Choice of Entity, Corporate Taxes, Economic Development, Foreign Investment, Incentives, Income Taxes, Latin America, Residency Requirements, Tax Incentives, Trade Policy

Published In: Business Organization Updates, General Business Updates, International Trade Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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