- country
- Uruguay
- incentives
- Governed by Free Zone Law No. 15.921 (1987), modified by Law No. 19.566 (2017, in force 8 March 2018). Users are exempt from all national taxes (created or to be created) on activities developed within the zone, including IRAE (corporate income tax), IP (net wealth tax), IVA (VAT) and IMESI (specific internal tax). Foreign workers may opt out of the Uruguayan social-security system by written request and then be taxed only under Non-Resident Income Tax (IRNR). Promotional rates on public services and unrestricted circulation of currency/financial securities. Zones declared of national interest with objectives including promoting activities of high technological content and innovation. Uruguay has 12 free trade zones. Authorization via Ministry of Economy and Finance / General Directorate of Commerce.
- zone type
- free_zone