Investment regulation - Uruguay


Holding restrictions

There are few restrictions in the Uruguayan market:

  • Foreign investment in companies operating radio and television stations is restricted.
    Radio-Broadcasting services in Uruguay constitute a private activity involving a public interest, therefore individuals (natural or legal citizens of Uruguay and domiciled in the country) must receive prior authorisation from the Uruguay Executive Government before they can provide such services.
  • Local regulations restrict foreign ownership in airline companies. Such restrictions include:
    • If the owner is an individual, he/she must be a citizen of Uruguay.
    • If the owner is a group of individuals, at least half plus one of the partners must be citizens of Uruguay, domiciled in Uruguay and own the majority of the capital.
    • If the owner is a company, the majority of shareholders with the majority of voting rights must be citizens of Uruguay, domiciled in Uruguay.