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Fischer & Schickendantz
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Fischer & Schickendantz is recognized as one of Uruguay’s leading law firms by companies and individuals doing business and investing in Uruguay.
Fischer & Schickendantz is recognized as one of Uruguay’s leading law firms by companies and individuals doing business and investing in Uruguay.

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IN THE PIPELINE: Tax Breaks for Irrigation
The Ministry of Agriculture is adjusting proposed regulation to specifically include irrigation projects as a category to be granted tax breaks under Uruguay’s investment promotion law. The law, act 16.909 (originally passed in 1998, and updated in 2007), establishes that investments of any size are eligible for exemptions on Corporate Income Tax (up to 100% of the amount invested), Value Added Tax on goods purchased, and Asset Tax. In 2013, 622 projects (with a total investment of USD 2.9 B) obtained tax breaks, roughly 25% of the overall private investment made in the country.

IN THE PIPELINE: Public Works Tender

In April 2014, Uruguay´s national port authority (“Administracion Nacional de Puertos”, or “ANP”) informed that the first stage of the construction of “Pier C” of the Montevideo port had been finalized. A new stage was announced for the enlargement of “Pier C”, most likely under an international tender, with a projected investment of USD 100 M. Montevideo is Uruguay´s largest port, strategically located in the region, and acts as a hub and transfer port for neighboring destinations –besides being the country´s main point of entry of imported goods. It is managed by Uruguay's national port authority (“ANP”), dependent on the Public Works and Transportation Ministry.

IN THE PIPELINE: Energy Tender

Uruguay’s central government is preparing the terms for the tender inviting bids for the construction and management of a waste treatment plant under a waste to energy (WTE) scheme. The project, which will be structured under a build-operate-transfer (BOT) mechanism, is expected to require a USD 500 M investment and between two and three years of construction. The plant will be required to have a capacity to handle a daily volume of 1,600 tons of waste.

LEGAL NEWS: New Company Registry

On March 13th, the Ministry of Industry, Energy and Mining issued a decree (#59/2014) establishing the Registry of Industrial Companies. The aim is to keep updated information on industrial companies in Uruguay, and make information on available to third parties. The scope of such information refers to basic company description, contact information and active/inactive status. The new Registry became operational on April 28th, 2014.

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