Monthly Economic Report
Summary Comments – May 2025 Uruguay´s Country Risk (as measured by the UBI Index published by República AFAP) stood at 85 as of May 30, 2025, representing a monthly decrease of 11.46%. Over the past 12 months, the index increased by 18.06% despite ongoing volatility in the international geopolitical landscape. For instance the continued […]
Uruguay Moves Forward with Recognition of Legal Citizens
As of April 23, Uruguay has been issuing passports that officially recognize legally naturalized individuals born abroad as ‘Uruguayans’.”. This historic change benefits not only those who had already acquired legal citizenship but whose status as Uruguayans was not reflected in their travel documents, but also thousands of legal residents who have chosen Uruguay as […]
Professional Audit for Safe Growth
In an increasingly complex business environment, it is essential to have audits that reinforce the trust and transparency of operations. Carlos Picos Consulting, with over 36 years of experience, positions itself as a strategic ally offering a comprehensive and personalized approach. Our services go beyond simple review; we provide detailed analysis and recommendations that optimize […]
The investment grows under the shelter of the Promoted Housing Law
The latest data published by the National Housing Agency (ANV) indicate significant progress in the commercialization of properties under the promoted housing regime (formerly known as social housing). As of September 2024, 20,724 properties have been sold, a figure that includes sales, purchase promises, and reservation tickets presented by investors. Increase in Promoted Housing Sales […]
Agreement between Uruguay and Colombia to Avoid Double Taxation
On September 23, 2024, the Parliament of the Oriental Republic of Uruguay approved Law No. 20,367, which ratified the agreement between Uruguay and the Republic of Colombia to eliminate double taxation on income and wealth taxes, as well as to prevent tax evasion and avoidance. The agreement will enter in force once both countries have […]
Carlos Picos Consultora Certified as LGBT+ Inclusive Company.
As part of the ninth edition of the Uruguay LGBT+ Summit Pride Connection Montevideo 2024, Carlos Picos Consultora has received the LGBT+ Inclusive Company certification. Our company is one of the first to receive this certification, having been members of the LGBT+ Chamber since 2016. The objective is to contribute to increasing employability and positioning, […]
Labor and employment Law in Uruguay
Below you will find information about Uruguayan L&E Law, the main framework and an overview of how our employee compensation is composed. Types of contracts: In Uruguay, there are several different types of contracts when it comes to hiring an employee. For instance, it could have a fixed term (temporary contract) or not (permanent contract). […]
Family Law Services.
Our legal specialists have the suitability and experience to advise you on the various complexities of Family Law. Both nationally and internationally. As its name says, Family Law is the set of legal rules that regulate matters involving family members. This branch of law falls within the scope of Civil Law, which regulates the main […]
Services in Labor Law in Uruguay
If you are planning to establish or solve Labor Relations in Uruguay, you will need to ensure the correct application of Uruguayan labor legislation. This will involve securing the services of an attorney you trust. The work carried out by the professionals of Carlos Picos Consultora in the discipline of Labor Law has led our […]
Advantages of establishing a SAS in Uruguay.
The SAS (Simplified Stock Companies) in Uruguay is a very good option for entrepreneurs or for foreigners who decide to set up their business in the country. It is a flexible corporate structure that facilitates the business startup process. Simplified Stock Companies, have characteristics of simpler structures such as Unipersonal and Limited Liability Companies that […]
