Uruguay has seen exponential growth in the agribusiness sector: the country´s crop-planted area has grown more than tenfold since 2003; and five per cent of global beef exports originate in Uruguay, which has some of the most modernly processed and highest valued beef, internationally. Recognizing the importance of this sector, and its attractiveness for foreign investors, our firm developed a farmland investment advisory unit (www.uruguayfarms.com) to provide foreign investors with comprehensive advice in setting up farmland operations.
We engage in dozens of farmland purchase operations every year, for individual and institutional clients from different continents. Our tasks may be restricted to structuring the purchase of land, or may be extended to assisting in finding the proper land, evaluating alternatives, incorporating the ownership vehicle, and setting up the operation of the business, both contractually and in recruiting the proper staff or service providers.
Our firm was the legal and tax advisory team on the most important agribusiness deal of recent years (the sale of the leading beef company in Uruguay, British-owned to a leading Japanese multinational). An Indian mining group of companies engaged in the development and construction of the largest iron-ore mine in Uruguay relied our firm to assist in acquiring land for the project, and related advice. Dozens of syndicated and institutional investors in agricultural and livestock breeding operations rely, on an ongoing basis, on our support and expertise.
- Our Services Include:
- Structuring the purchase and sale of farmland
- Set-up of ownership structures and corporate vehicles
- Search and identification of purchase targets
- Negotiation of purchase terms
- Agricultural agreements
- Lease agreements on land parcels
- Service provider and third-party outsourcing
- Comprehensive tax advice
- Double-taxation advice for foreign investors
- Employment of staff
Andersen Tax & Legal is Uruguay’s member of Andersen Global, an international association of member firms comprised of legal and tax professionals worldwide.