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Top Sectors for Investment in Uruguay

Top Sectors for Investment in Uruguay

Uruguay has a strong democratic tradition, characterized by its political and social stability. It has an open and growing economy, with reliable and high-level institutions and a modern and attractive investment regime. To the credit of its developing business environment, it’s one of the fastest-growing countries in Latin America. The significant growth of the country in the last decade is associated with a sharp increase in investment. In Uruguay, Foreign Direct Investment (FDI) has reached record levels, allowing the country to position itself among the main recipients of FDI, in terms of GDP in South America. We explore the main economic sectors that stand out for investors looking to form a company in Uruguay. Why invest and do business in Uruguay? Uruguay is a country with a positive track record and trajectory for political, democratic and social stability, and macroeconomic solidity. This combination creates a highly advantageous environment for foreign investment and developing successful business ventures. Uruguay offers a very favorable environment for company expansion and incorporation in various sectors of the economy. Its various commercial incentives – such as its world-renowned Free Trade Zones - attract a wide variety of companies from different sectors. While many of Uruguay’s emerging sectors remain largely unsaturated, foreign investors should consider their market entry strategies now. Agriculture and agribusiness development is crucial Uruguay is still an essentially agricultural country, and there are valuable opportunities in this sector....

Opportunities for Business in Costa Rica in 2020

Opportunities for Business in Costa Rica in 2020

Though a small country in territorially, Costa Rica is committed to constant growth. 2020 projects a positive outlook for economic performance, setting Costa Rica as a pinnacle for investment opportunities in Central America. The government supports various initiatives to develop tourism, investment and national policies conducive to positive economic and social growth of the country. Business confidence is reflected in the increasing foreign direct investment in Costa Rica, which has significantly spiked this year. Costa Rica holds a strategically advantageous geographic location, with ease of access to major economic powers in Northern and Southern America through comprehensive maritime logistics facilities. We outline key areas in which we expect to see an increase in commercial opportunity for Costa Rican business in 2020. Business Opportunties in Costa Rica in 2020? Tech-savvy population supports innovative business International interest in Costa Rica’s tech scene surfaced around 22 years ago when Intel set its sights on the country and started operations within its borders. This put Costa Rica on the map for facilitating multinational companies’ activities. Though the above-mentioned aspects made Costa Rica an attractive destination for this investment, the key drawcard was the country’s highly trained and comparatively more affordable workforce. Tech businesses considering their expansion options require highly specialized skills, and Costa Rica was one of few countries in Central America who could offer the skills Intel needed. For 2020, Costa Rican universities...

Investing in Electric Vehicles in Chile

Investing in Electric Vehicles in Chile

Latin America is one of the global leaders in green energy production. Just last year, Costa Rica ran for 300 days on 100% renewably-sourced energy. In 2016, 50% of Latin America’s energy production came from renewables. With such expertise in the industry, Latin American governments are increasingly initiating more electric transport systems. Leading this pack on EV uptake is Chile. Chile’s Energy Minister Susana Jiménez pledged that electric vehicles will account for 40% of private vehicle ownership and 100% of public transport by the year 2050. This would place Chile as the frontrunner in clean mobility worldwide. Chile leads Latin America’s Electric Vehicle market Chile’s ambitious plan was initiated in December 2018, when the first 100 electric buses rolled off the cargo ship and onto the streets of Santiago. 180 more buses followed this summer, which has set Chile well on the path of improving the air quality of its city. As of 2017, Chile had the highest vehicle density in Latin America with only 0.01% of its vehicles being electric. This attributed to the worst air quality of any Latin American city. A recent study suggested that 1300 breathing-related deaths could be averted in the city of Santiago de Chile in the next 10 years if public transport were made electric. It’s not only buses that Chile has ambitiously targeted. By offering subsidies and exemptions to environmental tax, Chile is incentivizing the use of electric scooters, cars and taxis, as well as lorries for use in the mining industry. Local EV production It is not only in use that Chile is leading...

Opportunities in Uruguay’s Renewable Energy Sector

Opportunities in Uruguay’s Renewable Energy Sector

Uruguay presents several economic advantages to business people and investors looking at expanding into Latin America. It demonstrates stable political conditions and strong legislative and social policy frameworks - the latter often considered the 'jewel of the Americas.' The country is a key player in the regional trade bloc Mercosur, whose recent deal with the European Union opens up a wealth of trade channels for Uruguayan-based traders. And there's more good news for foreign investors:  their investment prospects in the country match those of the locals, ensuring fair opportunities for them in this thriving market.  Uruguay's potential is often overshadowed by emerging regional powerhouses like Brazil, Mexico and Colombia. But the country's untapped economic talents offer significant, long-term commercial success to early-movers willing to develop the country's strengths. One such strength is the renewable energy sector. Energy Evolution - Uruguay Renewable Energy Uruguay has traditionally been a reliable energy customer of Argentina and Brazil, importing much of its rate of consumption from its neighbors. However, attention was directed towards local renewable energy prospects, thanks to the 2010 Decree 354 on the Promotion of Renewable Energies. From this decree, Uruguay charged ahead with multi-billion-dollar public investments in energy infrastructure, propelling it to the forefront of energy innovation in Latin America. It is now one of the leading countries in the world in terms of energy production and further potential. Uruguay's geography and corresponding...

Overview: UK Business Growth in Latin America

Overview: UK Business Growth in Latin America

UK businesses are facing a critical time and those that trade overseas are increasingly looking to new markets to offset the looming challenges of exiting the EU. Proactive companies are looking to the high growth markets of Asia, Latin America and India where new technologies, unique brands and innovative solutions are in demand. Cooperation between Latin America and the UK “We are turning around decades of British withdrawal in Latin America. Now I think it is universally understood across the capitals of the region that Britain is expanding. Britain is coming back” - William Hague. The UK’s trading relationship with Latin America can be seen in the context of the historically close economic ties that existed in the mid-1800s. Evidence can be seen in the original mines, where British miners were involved in the early development, and it’s visible in the infrastructure and railways that cross the continent. There was a significant decline in the UK’s trade with the region after the First World War, and UK companies then developed closer links with US and European markets. Not so long ago, UK imports into Latin America were at just over 1% of the goods and machinery coming into these markets. More recently, UK Governments have sought to change that: William Hague, the then Foreign Secretary, visited in 2012 and announced that “We are turning around decades of British withdrawal in Latin America. Now I think it is universally understood across the capitals of the region that Britain is expanding. Britain is coming back”. Since then there have been numerous...

Invest in Australia’s Booming Sectors

Invest in Australia’s Booming Sectors

Australia is one of the world’s leading economies, as well as one of the most attractive destinations for foreign investment. With a consistent GDP growth for 29 straight years, and total GDP amount to over AU$1.5 trillion in 2017, it’s no wonder investors are attracted to Australia’s economy.  Overall, the country is making tremendous strides in a handful of different industries and sectors. Australia is expanding and developing on a worldwide scope. Foreign investors interested in the country, or looking to grow their current investments, should pay close attention to the up-and-coming sectors. We give an overview on Australia’s strongest and most promising industries. Invest in Australia - Medical services, technology, and research One Australian industry that will consistently remain important in the global market is the medical services, technology, and research sector. With ample government support, funding, and foreign investors already catching on and devoting their dollars, Australia is at the forefront of this ever-growing industry. Recently, in the country’s 2018-2019 budget, the Australian government allocated a staggering AU$1.3 billion to its Health and Medical Industry Growth Plan. The focus of these investments is centered around medical technology research and development. However, investment opportunities don’t stop here. Australia shows growth and potential in biotech, pharmaceuticals, medical devices, medicines, and within the digital health sector. Promising growth in the future is fueled by a constant, and growing, need for these developments and...

Opportunities in New Zealand’s Colliding Electricity and Transport Industries

Opportunities in New Zealand’s Colliding Electricity and Transport Industries

As renewable energy and sustainable solutions sweep global industries, a wealth of opportunities lie in markets not yet transformed. Climate change issues increasingly capture governments worldwide, and many are looking for ways to reduce carbon and other emissions. New Zealand is stepping forward locally and on the world stage to revolutionize the way it does business. Its growing environmental conscience is being met with creative and innovative solutions to promote commercial sustainability. One ticket to cleaner, greener business that the government grips tightly is the introduction and adoption of electric vehicles. We explore the opportunities for business in this burgeoning industry. Competing economic and environmental demands New Zealand’s economy is strong, productive, and internationally connected. The nation experienced positive growth for 33 of the last 35 years, and consistently tops world rankings for its liberalized market and doing business. The island nation’s pristine landscapes and ‘clean, green’ image draw millions of tourists to its shores annually. According to Statistics New Zealand, a record-breaking 3.82 million people visited the picturesque country in the March 2018 year. It therefore comes as no surprise that the public and government are adamant about preserving their natural treasures and mitigating climate change. In recent years, the country has advocated significant economic overhauls, both locally and internationally, in the name of environmental conservation. Tidy Kiwis combatting climate change Peddling its natural beauty as a hot...

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