Why Montevideo? 

• The country’s epicenter of science, technology and innovation.
• Availability of qualified STEM talent.
• Support for attracting foreign talent.
• Tax incentives.
• An ecosystem of innovation and entrepreneurial development.
• Laboratory city for testing new technologies.

Industry Incentives

Exemption of IRAE (Corporate Income Tax) on Software

IT companies can be exonerated of a percentage of IRAE. The regulation makes a distinction between software production companies and IT service providers.

Software Production

The exemption refers to all products registered in the National Library.

IT Services

The exemption for IT services, unlike software products, will be 100% and will depend on whether the income originates from activities conducted in Uruguay and on compliance with a series of requirements