Uruguay is a country that has a great democratic and republican tradition. It has approximately 3,400,000 inhabitants, 100% of whom are of European origin, with a 99% literacy rate.
The country has an efficient and fully digital communications system, with advanced connections, good ports, an agile and efficient system of agricultural and livestock production, and vast experience in the rendering of services.
The following areas and percentages form the basis of the country's Gross Domestic Product:
Uruguay has an open economy and a long-standing tradition as a free market with very few restrictions on the exchange of capital.
Current incentives, geared towards the creation of sources of employment, the introduction of high-technology industries and the increase in exports, apply both to local and foreign investors.
Regarding Duty-Free Zones, to be dealt with specifically, we must remember the Uruguayan system of Free Port. This system guarantees the free circulation of goods in the Montevideo Port, without the need for formal authorizations or proceedings.
For as long as the goods remain inside the port customs area, they are exempt from any and all duties and charges applicable to imports or that may arise thereof.