Contributed By Ferrere Abogados
Uruguayan law ensures equal treatment for foreign and local investors, as well as the free transfer of foreign investment-related capital and profits.
In general, there are no restrictions in Uruguay with respect to the citizenship or domicile of the investors in companies, except for certain specific activities that are considered to be in the national interest. For instance, shareholders in radio transmitters and open television services must be Uruguayan citizens domiciled in Uruguay, and more than 50% of the stock and effective control in companies that are dedicated to the international transport of goods/passengers by highway must be held by Uruguayan citizens domiciled in Uruguay. Also, restrictions have recently been imposed on foreign states and sovereign funds regarding the acquisition of rural properties.