Foreign Investment

Direct foreign investment receives continuous support by Uruguayan government. A new legislative proposal of November 2013 continues to support direct private investment in farmland in Uruguay in order to meet growing global food demand and to secure rural employment and exports of commodities. The new proposal also provides a sanction in relation to an already existing requirement for corporations to provide information regarding its capital and shareholders whenever a corporation plans to invest in farmland. If the information provided by the corporation shows involvement of a foreign government or foreign governmental agencies it will not allow the purchase of farmland in Uruguay. However an exception to this rule is possible when the investment would lead to important national developments, innovative techniques or stimulate agricultural productivity.