You may not know much about Uruguay, the small country in South America with only 3.5 million people.
And, among those people, there are those who created our company!
We’ve discussed some fun facts about Uruguay before.
Today we’d love to dive deeper into the nearshoring landscape for software development companies.
Uruguay has a relatively stable political climate and a well-developed regulatory environment.
The country has a high literacy rate and a well-educated workforce, which makes it attractive for investors.
Historically, our country has focused its economic diversification on agriculture, services, and manufacturing.
Yet, in the last couple of decades, software development has become a limelight within manufacturing.
Moreover, the government encourages foreign investment with tax incentives and simplified bureaucratic procedures.
Additionally, Uruguay has free trade agreements with several countries, which has helped to increase investment flows.
Recently, Uruguay became an attractive destination for international IT companies.
Let’s explore some factors that contributed to creating this special worldwide focus:
The business climate to open a new IT company as a local entrepreneur in Uruguay is generally favorable.
However, there are some challenges that local entrepreneurs may face when starting a new IT company in Uruguay.
These challenges include:
Despite these challenges, the overall business climate for local entrepreneurs in Uruguay's IT sector is positive.
The government has recognized the importance of the sector and is committed to supporting its growth.
This has created a favorable environment for innovation and entrepreneurship.
Furthermore, we’ve witnessed several improvements in the software development landscape.
Let’s go over some of these!
Ultimately, investing in Uruguay's talent is always a wise choice!
We have an amazing, ethical, and talented workforce, and current globalization is an amazing tool to enhance worldwide partnerships.
Are you looking for a business partner to expand your product or service? Give us a call!
We’d be delighted to tell you more about it over a nice mate and some dulce de leche!
You may not know much about Uruguay, the small country in South America with only 3.5 million people.
And, among those people, there are those who created our company!
We’ve discussed some fun facts about Uruguay before.
Today we’d love to dive deeper into the nearshoring landscape for software development companies.
Uruguay has a relatively stable political climate and a well-developed regulatory environment.
The country has a high literacy rate and a well-educated workforce, which makes it attractive for investors.
Historically, our country has focused its economic diversification on agriculture, services, and manufacturing.
Yet, in the last couple of decades, software development has become a limelight within manufacturing.
Moreover, the government encourages foreign investment with tax incentives and simplified bureaucratic procedures.
Additionally, Uruguay has free trade agreements with several countries, which has helped to increase investment flows.
Recently, Uruguay became an attractive destination for international IT companies.
Let’s explore some factors that contributed to creating this special worldwide focus:
The business climate to open a new IT company as a local entrepreneur in Uruguay is generally favorable.
However, there are some challenges that local entrepreneurs may face when starting a new IT company in Uruguay.
These challenges include:
Despite these challenges, the overall business climate for local entrepreneurs in Uruguay's IT sector is positive.
The government has recognized the importance of the sector and is committed to supporting its growth.
This has created a favorable environment for innovation and entrepreneurship.
Furthermore, we’ve witnessed several improvements in the software development landscape.
Let’s go over some of these!
Ultimately, investing in Uruguay's talent is always a wise choice!
We have an amazing, ethical, and talented workforce, and current globalization is an amazing tool to enhance worldwide partnerships.
Are you looking for a business partner to expand your product or service? Give us a call!
We’d be delighted to tell you more about it over a nice mate and some dulce de leche!
