Uruguay

Uruguay

Extends execution period for investment in large economic projects

29 Jan 2024

On 29 January 2025, the Government of Uruguay enacted Decree No. 23/024, amending the existing investment promotion framework to extend the execution period for large-scale economic projects from 48 to 72 months. To qualify for this extension, projects must be submitted before 1 January 2025, with investments completed by 1 October 2027.

This decree modifies the previous framework established by Decree No. 268/020, issued on 30 September 2020. For further details, see: https://investmentpolicy.unctad.org/investment-policy-monitor/measures/3591/uruguay-increased-tax-benefits-granted-under-the-investment-promotion-regime