84% of foreign companies that invested in Uruguay are satisfied with the country’s investment climate and 40% would reinvest, according to a survey by the investment promotion agency. investments and exports Uruguay XXI presented this Wednesday.
According to the results of the third edition of the survey, conducted by Uruguay XXI together with the consulting firm Equipos Consultores, with a sample of 235 companies, satisfaction increased by 37% since the last measurement, recorded in 2018.
Among other data, the survey revealed that the 82% of foreign companies installed in Uruguay -of which a 57% did it with a new venture – they invested there in the last five years both to expand their business (47%) how to maintain the operation (37%) or diversify (19%).
He 79% of the companies identified as key factors to invest the macroeconomic, political and social stability of Uruguay (79%) and institutional and legal security (71%)as well as tax exemptions and/or incentives (47%) and the free exchange market and ease of repatriating dividends (44%).
The executive director of Uruguay XXI, Sebastián Risso, highlighted the high satisfaction as an indicator that the country is “on a very good path” and emphasized the importance of “aftercare” or subsequent support that the agency provides to each company after it is installed.
The country’s chancellor, Omar Paganini, valued the data positively. “We are very satisfied with what this shows because it highlights the stability of Uruguay in institutional terms, rules of the game, compliance with contracts, on the one hand, and, on the other hand, it highlights the positive telecommunications infrastructure we have, access to human resourceshe told the press.
Risso stated that they are working hard to improve aspects in which investors express dissatisfaction, such as costs – particularly those of energy and fuel -, air and river connectivity, as well as language management and procedures.
“Last year we launched the Single Investment Window, a tool to facilitate investments that today is an information portal, but we are working hard so that the investor directly, from New York, from London, from Buenos Airesyou can enter and through a single channel start an investment, open the company, whatever”he emphasized.
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Source: Gestion
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