Today we will continue to deviate from our usual citizenship and residency by investment content, and with very good reason. If you either have a business or are looking to establish one in the near future, the idea of finding unparalleled opportunity overseas to help your enterprise witness unprecedented growth is undeniably appealing. Therefore, when we mention Uruguay, it is possible you might wonder what that has to do with what we’ve just said, and that’s where today’s article should help you out.
So, why Uruguay?
Whether it be the extremely high level of technology graduates and employees in the Uruguayan workforce, or the proficiency of the majority of the population in English, the Latin American nation situated on the south-eastern coast of the continent certainly stands out relative to its small geographical size.
Yet, it doesn’t stop there, Uruguay finds itself extremely close to other powerhouses of the region, namely Argentina and Brazil, meaning the nation’s reputation and preferential status as an outsourcing location becomes all the more impressive.
What can I outsource there?
This is something we have touched on briefly already, technology services, and more specifically, software development. As far as outsourcing goes, it is obviously going to be economically beneficial to your business, so nations need to stand out in other ways to cement their place at the top of your candidates list.
Aside from English proficiency (the highest ranked country in the region to be precise), Uruguay is also in a socially advantageous position in terms of time zone. The Latin American nation is actually in the same time zone as the East Coast, meaning you can say goodbye to long wait times for answers and disjointed correspondence with typically subcontracted companies in regions such as Asia where time differences are far from ideal, and instead align your workforces within the same working hours and maximise efficiency and productivity!
In terms of IT itself, numerous tech start-ups are calling the nation home, as well as more established companies, totalling 700 altogether, making the small country abundant with technology developers from all skill-backgrounds, and therefore making your options and choice selection even wider. Uruguay is also home to technology parks like the Pando Science and Technology Park, inspiring future generations to pursue tech careers and ensure the future development of the sector in Uruguay.
So, could the number one technology exporter in the region and number three globally be your next stop for technology outsourcing?
Are there any other benefits?
· Over 98% adult literacy rate, making it number one in the region
· Software developers tend to stay at one company, affording you stability
· Low costs
So, if you are interested in finding out more about the United Kingdom residency by investment program and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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