Uruguay as a Financial Center
Uruguay is known as one of the most important financial centers in South America and one of the safest worldwide.
This achievement has been reached utilizing strict legislation that entitles the Central Bank of Uruguay to control and guide in an efficient way the financial market.
The number of financial entities operating in the market is limited to high rated financial entities with proven financial strength, due to the strict conditions imposed by the Central Bank of Uruguay when granting authorization to operate.
Uruguay in S.America
The Oriental Republic of Uruguay is a little country located between Argentina and Brazil, with a highly alphabetized population, with a long and stable democratic tradition, which has been a financial center for more than 50 years.
Main Characteristics
- Strong banking secrecy – established by article 25 of Decree-Law 15.322 dated on year 1982 – see
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- Free exchange of currencies
- Free inflow and outflow of capitals
