Uruguay is an important financial center within South America, as well as a favorable location to conduct business and trade in the continent. The country has, for decades, served as a base from which to conduct different types of commercial and financial operations involving countries in the region, especially Brazil and Argentina. This is done in the form of:
- Utilization of Uruguay's solid, open and confidential banking system
- Utilization of Uruguay's reliable offshore corporations
- Utilization of Uruguay's Free Trade Zones to conduct trade of goods and services
These advantages are taken both by multinational companies and individuals.