They are specific geographical areas within Uruguay that operate under special regulations.
Exemption from Income Tax (25%), Wealth Tax (1.5%), VAT (22%) and Dividend Distribution Tax (7%).
The possibility of acquiring (new and used) inputs and equipment without tax and customs surcharges.
Free movement of capital and free repatriation of profits.
By setting up in a free zone you will be able to provide all kinds of services outward, to other companies set up in ZFC and to users and developers of other free zones in Uruguay.
All services rendered outward may also be provided from the free zone to companies located in non-free national territory that are taxpayers subject to the tax on income from economic activities.
The possibility of hiring up to 25% of foreign personnel who may choose to waive the Uruguayan social security system.
Law 19.566 (known as the Free Zones Act) foresees that if tax benefits are modified, the State will be responsible for compensating the data and damages generated to companies with user contracts.
In the event that the operator of the Free Zone loses its status as such, the State must guarantee the provision of the infrastructure and other services necessary to operate to the companies set up in the Free Zone for the duration of the user contract.