37th Anniversary
On 22 March we celebrated our 37th anniversary. Accountant Carlos Picos founded the company in Montevideo in 1988. In 2005 we established our branch office in Buenos Aires Argentina, with the aim of providing cross-border solutions to Uruguayan, Argentinean and international clients. In 2008 we opened an office in Zonamerica, the main free trade zone […]
Expanding Uruguay-Dubai business
On 13 March 2025, Carlos Picos Consultora participated in an important meeting with Dubai Chamber International and the commercial team of Zonamerica. This meeting was attended by Martin Ridley, Head of the International Office of the Dubai Chamber of Commerce for the region, who shared valuable information on the advantages and facilities of establishing in […]
Economic report – december 2024
In the recently concluded month of December, the evolution of the indicators we have been monitoring was as follows: Uruguay’s Country Risk (measured by the UBI Index published by República AFAP) as of December 31, 2024, shows a value of 81, representing a negative variation of -6.90% for the month. Additionally, when considering the last […]
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 […]
Tax Information exchange agreement between Uruguay and USA
On 19 September 2024, Law No. 20.351 ratifying the Agreement between the Oriental Republic of Uruguay and the United States of America for the Exchange of Information on Tax Matters, signed on 24 October 2023 in Montevideo, was approved. The rule will enter into force one month after Uruguay notifies the United States in writing […]
Google Inaugurates its Innovative Data Center in Uruguay!
The tech giant, Google, has taken a key step towards the future by inaugurating the construction of its much-anticipated Data Center in the Science Park of Canelones. This project, with an investment of US$ 850 million, promises to transform the outlook of technology in Uruguay and Latin America. With the presence of prominent authorities, business […]
New notice from the IMM for individuals seeking Uber and Cabify permits
The Municipality of Montevideo has issued a new notice for individuals interested in obtaining permits to operate as drivers for passenger transport platforms such as Uber and Cabify. This process aims to ensure gender-balanced participation, with an equal number of men and women on a priority list that will be issued for the applicants who […]
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). […]
