Case Study Of Uruguay's Business

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Uruguay: Inside its Business
Uruguay is a small country located in South America. It is bounded on the North by Brazil and the Atlantic Ocean on the South. Montevideo is its capital as well as its chief port and economic center. The country consists of a low, rolling plain in the south and a low plateau in the north. The country is also home to many rivers and the Uruguay River and the Rio de la Plata are some of its largest. Uruguay's climate is warm, temperate and there are rarely, if ever, freezing temperatures in the country. Spanish is the country’s main language. Uruguay, officially called the Oriental Republic of Uruguay, is a constitutional republic with a chief of state and a head of government. It is a country growing out and getting recognition for its exports and growing businesses. With allowing trades to be done easily with foreign countries, many find Uruguay as a good partner to do business with.
Regulations
Regulations come along with every country and are just a set of rules that help keep countries in place. They are important to follow and are proven to keep problems from happening, having requisites to do a type business anywhere will cause order and build areas to become better applied. Uruguay has a small market, but its state policy promotes and protects foreign investments. Regarding the regulations Uruguay has to owning a company there; it said to allow the company to locate anywhere in the country and it will be treated like a local company. Since it is a growing country that promotes and protects investments with other countries, it is reaching agreements and attracting others. One way Uruguay attracts foreign investors is by its free zones. Companies working in these zones are excused from all taxes ...

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