Argentine consultations to set up companies in Uruguay are up 42%

According to a report by an Uruguayan government agency, an increasing number of Argentine technology companies are looking for ways to relocate to Uruguay.

RIO DE JANEIRO, BRAZIL - The economic situation in Argentina does not seem to benefit technology entrepreneurs and, as a result, many are looking to Uruguay as an ideal destination to expand their business.

Uruguay XXI government agency - dedicated, among other things, to promoting and attracting investment to the country - has observed an increase in the number of open business "opportunities," as a result of consultations and advisory proceedings begun during the year. In particular, and as expected, has highlighted the growing interest from Argentina, particularly focused on the technology sector.

Alejandro Ferrari, Uruguay XXI's Investment Manager, reported that last . . .

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