DOCSLIB.ORG

Investor Guide

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Investor Guide URUGUAY InvestoR GUIde IntRodUctIon This guide has been prepared to assist all individuals and companies interested in doing busi- ness in Uruguay. Although the guide does not expand on all the aspects considered thoroughly, it intends to in- clude the most relevant aspects and provide answers to the main questions that may arise. For each particular situation, it will be necessary to complete the information of this Guide con- sulting laws, regulations and resolutions adopted in the country and obtain further specialized professional advice. The material included in this Guide is updated to July 31, 2012 and is based on information and rules in force to that date. InvestoR GUIde Index Chapter 1 - Country Features............................................................................................... 11 1. Geography and climate............................................................................................... 12 2. Population and language............................................................................................ 12 3. Political system and goverrment................................................................................. 12 4. Legal system............................................................................................................... 13 5. Living in Uruguay........................................................................................................ 13 6. Information for the investors....................................................................................... 14 Chapter 2 – Business Environment..................................................................................... 16 1. Economic and institutional framework....................................................................... 16 1.1 Economic performance and structure............................................................ 17 1.2 Economic policy............................................................................................. 20 1.3 Trade policy.................................................................................................... 20 1.4 Trade agreements......................................................................................... 21 1.5 State role in business.................................................................................... 22 1.6 Clear rules..................................................................................................... 23 1.7 Goverment attitude towards foreign investment............................................ 24 2. Supporting infrastructure............................................................................................ 25 2.1 Transportation system................................................................................... 25 2.2 Telecommunications...................................................................................... 27 2.3 Power............................................................................................................. 28 2.4 Drinking water and sanitation........................................................................ 29 3. Financial system......................................................................................................... 30 3.1 Banking system............................................................................................. 30 3.2 Central bank.................................................................................................. 31 3.3 Stock market.................................................................................................. 31 3.4 Insurance....................................................................................................... 32 3.5 International financial center.......................................................................... 32 3.6 Financing of companies................................................................................. 32 4. Intellectual rights, trademarks and patents................................................................. 33 Chapter 3 – Investment and foreign trade promotion system........................................... 35 1. General investment regime......................................................................................... 36 1.1 Investment promotion law.............................................................................. 38 1.2 General and automatic incentives................................................................. 39 1.3 Industry-specific regimes............................................................................... 39 1.4 Incentives to immigration............................................................................... 42 1.5 Free Trade Zones.......................................................................................... 42 1.6 Public-Private Partnerships.......................................................................... 43 2. Foreign trade.............................................................................................................. 46 2.1 Imports........................................................................................................... 46 4 InvestoR GUIde Index 2.2 Exports.......................................................................................................... 47 Chapter 4 – Business types................................................................................................. 49 1. Corporation................................................................................................................ 50 2. Limited Liability Company.......................................................................................... 52 3. Other business types................................................................................................. 52 3.1 Partnership................................................................................................... 52 3.2 Limited Partnership....................................................................................... 52 3.3 Joint Stock Company.................................................................................... 52 3.4 Labor and Capital Partnership...................................................................... 52 3.5 De Facto Partnership................................................................................... 52 4. Cooperative............................................................................................................... 54 5. Single-member Company.......................................................................................... 55 6. Consortia and Economic Interest Groups.................................................................. 55 7. Foreign companies’ branches.................................................................................... 57 8. Special activities........................................................................................................ 58 8.1 Financial activities........................................................................................ 58 8.2 Other activities.............................................................................................. 59 Chapter 5 – Accounting and auditing standars................................................................. 60 Chapter 6 – Tax aspects...................................................................................................... 63 1. Uruguayan tax system............................................................................................... 63 1.1 Legal framework........................................................................................... 64 1.2 Main taxes.................................................................................................... 64 1.3 International aspects.................................................................................... 66 1.4 Tax managment............................................................................................ 66 2. Taxation of companies............................................................................................... 68 2.1 Corporate Income Tax.................................................................................. 68 2.2 Wealth Tax.................................................................................................... 76 3. Taxation of natural persons........................................................................................ 77 3.1 Personal Income Tax.................................................................................... 77 3.2 Personal Wealth Tax..................................................................................... 81 4. Non-resindents taxation............................................................................................. 83 5. Value Added Tax........................................................................................................ 85 6. Other taxes................................................................................................................ 87 6.1 Excise Tax..................................................................................................... 87 6.2 Corporation Control Tax................................................................................ 87 6.3 Insurance Companies Income Tax............................................................... 88 6.4 Agriculture-Livestock Goods Sales Tax.......................................................
Load more

Recommended publications
  • Conference Agenda 74Th Annual Congress of the International
    74th Annual Congress of the International Institute of Public Finance - ConfTool Pr... Page 1 of 83 Conference Agenda 74th Annual Congress of the International Institute of Public Finance Date: Monday, 20/Aug/2018 3:30pm - 6:00pm Registration (also open on congress days from 8 am on) 3:30pm - 6:30pm IIPF Board of Management Meeting I (for Board only) Room A32, Main building 7:30pm - 9:30pm IIPF Board of Management Dinner (on invitation only) https://www.conftool.pro/iipf2018/index.php?page=browseSessions&print=yes&do... 04.09.2018 74th Annual Congress of the International Institute of Public Finance - ConfTool Pr... Page 2 of 83 Date: Tuesday, 21/Aug/2018 9:00am - 9:30am Opening Ceremony Main auditorium (Juhlasali), Main building 9:30am - 10:30am Plenary I: Keynote Lecture: Uta Schönberg (University College London) on "The Impact Main auditorium of Immigration on Regions and Workers" Session Chair: Wojciech Kopczuk, Columbia University (Juhlasali), Main building 10:30am - 11:00am Coffee Break 11:00am - 1:00pm A01: Firm Taxation Main auditorium (Juhlasali), Main building 11:00am - 11:30am Efficiency and the Taxation of Bank Profit Motohiro Sato1, Robin Boadway2, Jean-Francois Tremblay3 1Hitotsubashi University; 2Queen's University; 3University of Ottawa This paper explores the effect of the taxation of profits of banks and other financial intermediaries in a setting in which intermediation is inefficient. The inefficiencies arise from imperfect screening of lenders, which tends to limit lending, and government provision of deposit insurance, which encourages excessive lending. Three sorts of financial profit tax regimes are considered: R+F cash-flow taxation, standard corporate income taxation, and financial activities taxation.
    [Show full text]
  • Worldwide Estate and Inheritance Tax Guide
    Worldwide Estate and Inheritance Tax Guide 2021 Preface he Worldwide Estate and Inheritance trusts and foundations, settlements, Tax Guide 2021 (WEITG) is succession, statutory and forced heirship, published by the EY Private Client matrimonial regimes, testamentary Services network, which comprises documents and intestacy rules, and estate Tprofessionals from EY member tax treaty partners. The “Inheritance and firms. gift taxes at a glance” table on page 490 The 2021 edition summarizes the gift, highlights inheritance and gift taxes in all estate and inheritance tax systems 44 jurisdictions and territories. and describes wealth transfer planning For the reader’s reference, the names and considerations in 44 jurisdictions and symbols of the foreign currencies that are territories. It is relevant to the owners of mentioned in the guide are listed at the end family businesses and private companies, of the publication. managers of private capital enterprises, This publication should not be regarded executives of multinational companies and as offering a complete explanation of the other entrepreneurial and internationally tax matters referred to and is subject to mobile high-net-worth individuals. changes in the law and other applicable The content is based on information current rules. Local publications of a more detailed as of February 2021, unless otherwise nature are frequently available. Readers indicated in the text of the chapter. are advised to consult their local EY professionals for further information. Tax information The WEITG is published alongside three The chapters in the WEITG provide companion guides on broad-based taxes: information on the taxation of the the Worldwide Corporate Tax Guide, the accumulation and transfer of wealth (e.g., Worldwide Personal Tax and Immigration by gift, trust, bequest or inheritance) in Guide and the Worldwide VAT, GST and each jurisdiction, including sections on Sales Tax Guide.
    [Show full text]
  • Tax Systems and Tax Reforms in Latin America: Coubtry Studies and General Issues
    Munich Personal RePEc Archive Tax systems and tax reforms in Latin America: coubtry studies and general issues. Benardi, Luigi and Profeta, Paola and Marenzi, Anna and Scabrosetti, Simona Italian society of public economics, Department of public and environmental economics - University of Pavia, Italy 20 June 2008 Online at https://mpra.ub.uni-muenchen.de/9250/ MPRA Paper No. 9250, posted 16 Sep 2009 19:41 UTC WORKI NG PAPER No 587 March 2007 TAX SYSTEMS AND TAX REFORMS IN LATIN AMERICA Edited by LUIGI BERNARDI, ALBERTO BARREIX, ANNA MARENZI AND PAOLA PROFETA JEL Classification Numbers: H2 Keywords: Tax Systems, Tax Reform, Latin America società italiana di economia pubblica dipartimento di economia pubblica e territoriale – università di Pavia Countries Studies of Tax Systems and Tax Reforms in Latin America CONTENTS 1. ARGENTINA by Martin Bès 2. BRAZIL by José Roberto Afonso and Rafael Barroso 3. CHILE by Matteo Cominetta 4. COLOMBIA by Luigi Bernardi, Laura Fumagalli and Elena Fumagalli 5. COSTA RICA by Jorge Cornick, Eric Thompson and Adrian Torrealba 6. MEXICO by Daniel Alvarez 7. PARAGUAY by Caterina Ferrario 8. URUGUAY by Alberto Barreix and Jerónimo Roca 1. ARGENTINA by Martin Bès Inter- American Development Bank - Washington Abstract This paper is part of a wider research on “Tax Systems and Tax Reforms in Latin Amer- ica”, carried on at the Department of Public Economics of the University of Pavia, under the direction of L. Bernardi, A. Barreix, A. Marenzi and P. Profeta, and the supervision of V. Tanzi. This paper reviews Argentina’s tax system. After a general introduction, the second section describes the reforms of the tax system that took place between 1990 and 2005.
    [Show full text]
  • Survival of the Richest. Europe's Role in Supporting an Unjust Global Tax
    Survival of the Richest Europe’s role in supporting an unjust global tax system 2016 Acknowledgements This report was produced by civil society organisations in countries across Europe, including: Attac Austria (Austria); Vienna Institute for International Dialogue and Cooperation (VIDC) (Austria); 11.11.11 (Belgium); Centre national de coopération au développement (CNCD-11.11.11) (Belgium); Glopolis (Czech Republic); Oxfam IBIS (Denmark); Kehitysyhteistyön palvelukeskus (KEPA) (Finland); CCFD-Terre Solidaire (France); Oxfam France (France); Netzwerk Steuergerechtigkeit (Germany); Debt and Development Coalition Ireland (DDCI) (Ireland); Oxfam Italy (Italy); Re:Common (Italy); Latvijas platforma attīstības sadarbībai (Lapas) (Latvia); Collectif Tax Justice Lëtzebuerg (Luxembourg); the Centre for Research on Multinational Corporations (SOMO) (Netherlands); Tax Justice Netherlands (Netherlands); Tax Justice Network Norway (Norway); Instytut Globalnej Odpowiedzialnosci (IGO) (Poland); Ekvilib Institute (Slovenia); Focus Association for Sustainable Development (Slovenia); Inspiraction (Spain); Forum Syd (Sweden); Christian Aid (UK). The overall report was coordinated by Eurodad. Each national chapter was written by – and is the responsibility of – the nationally-based partners in the project. The views in each chapter do not reflect the views of the rest of the project partners. The chapters on Luxembourg and Spain were written by – and are the responsibility of – Eurodad. Design and artwork: James Adams. Copy editing: Vicky Anning, Jill McArdle and Julia Ravenscroft. The authors believe that all of the details of this report are factually accurate as of 15 November 2016. This report has been produced with the financial assistance of the European Union, the Norwegian Agency for Development Cooperation (Norad) and Open Society Foundations. The contents of this publication are the sole responsibility of Eurodad and the authors of the report, and can in no way be taken to reflect the views of the funders.
    [Show full text]
  • I. the NEW ACT on INTERNATIONAL TAX TRANSPARENCY INFOTAX – February 2017 International Tax Transparency Act
    INFO T A X – Fe b r u a r y 2017 INTERNATIONAL T A X TRANSPARENCY ACT I. THE NEW ACT ON INTERNATIONAL TAX TRANSPARENCY INFOTAX – February 2017 International Tax Transparency Act The new Act on International Tax Transparency. Recently Act No. 19.484 on International Tax Transparency and Prevention of Money Laundering and Financing of Terrorism was published in the Official Gazette (hereinafter “the Act”) (see the text on the following link: [CLICK HERE]). As we previously informed in our InfoTax of August 2016 (see the report in the following link: [CLICK HERE]), the Act responds to the international commitments assumed by Uruguay in order to adopt the guidelines and directives issued in those matters by the Organization for Economic Cooperation and Development (OECD) and the Financial Action Task Force (FATF). INFOTAX – February 2017 International Tax Transparency Act General structure. The Act is structured in four chapters: (i) Automatic report to the Tax Authority of balances and income from financial source, (ii) Identification of the beneficial owner and owners of nominative shares, (iii) Rules applicable to entities which are resident in countries or jurisdictions of low or null taxation, or who are benefited from a special regime of low or null taxation, and (iv) Adjustments to the transfer price regime. II. AUTOMATIC REPORT TO THE TAX AUTHORITY OF BALANCES AND INCOME FROM FINANCIAL SOURCE INFOTAX – February 2017 International Tax Transparency Act Background. The Act states the obligation for certain financial entities to report to the Tax Authority (DGI), on an annual basis, certain financial information related to accounts duly identified held by individuals, legal entities and other entities which configure tax residency in Uruguay or in another country or jurisdiction.
    [Show full text]
  • Tax Systems and Tax Reforms in Latin America
    WORKING PAPER No 587 March 2007 TAX SYSTEMS AND TAX REFORMS IN LATIN AMERICA Edited by LUIGI BERNARDI, ALBERTO BARREIX, ANNA MARENZI AND PAOLA PROFETA JEL Classification Numbers: H2 Keywords: Tax Systems, Tax Reform, Latin America società italiana di economia pubblica dipartimento di economia pubblica e territoriale – università di Pavia Countries Studies of Tax Systems and Tax Reforms in Latin America CONTENTS 1. ARGENTINA by Martin Bès 2. BRAZIL by José Roberto Afonso and Rafael Barroso 3. CHILE by Matteo Cominetta 4. COLOMBIA by Luigi Bernardi, Laura Fumagalli and Elena Fumagalli 5. COSTA RICA by Jorge Cornick, Eric Thompson and Adrian Torrealba 6. MEXICO by Daniel Alvarez 7. PARAGUAY by Caterina Ferrario 8. URUGUAY by Alberto Barreix and Jerónimo Roca 1. ARGENTINA by Martin Bès Inter- American Development Bank - Washington Abstract This paper is part of a wider research on “Tax Systems and Tax Reforms in Latin Amer- ica”, carried on at the Department of Public Economics of the University of Pavia, under the direction of L. Bernardi, A. Barreix, A. Marenzi and P. Profeta, and the supervision of V. Tanzi. This paper reviews Argentina’s tax system. After a general introduction, the second section describes the reforms of the tax system that took place between 1990 and 2005. The third section presents the institutional features of the principal taxes collected in the country while the final section explores ideas for a future reform agenda. Reference Author: Martin Bès - [email protected] Keywords: Tax Systems, Tax Reform, Argentina JEL Codes: H20, H24, H25, H29 1. Introduction and contents∗ Upon taking office in July 1989, President Menem embraced a reform agenda aimed at re- verting the previous decade of economic stagnation.
    [Show full text]
  • World Bank Document
    0S = Public Disclosure Authorized The Impact of Changes in Job Security Regulations in India and Zimbabwe Peter R. Fallon and Robert E. B. Lucas Diversification of Macroeconomic Risk and International Integration of Capital Markets: The Case of Mexico Luis F. de la Calle Debt Relief and Economic Growth in Mexico Public Disclosure Authorized Sweder van Wijnbergen A SYMPOSIUM ON TAX POLICY IN DEVELOPING COUNTRIES Introduction: Tax Policy Issues for the 1990s Javad Khalilzadeh-Shirazi and Anwar Shah Do Taxes Matter for Foreign Direct Investment? Anwar Shah and Joel Slemrod Prospects for Agricultural Land Taxation in Developing Countries Jonathan Skinner Taxation of Financial Assets in Developing Countries Christophe Chamley Public Disclosure Authorized Tax Incidence Analysis of Developing Countries: An Alternative View Anwar Shah and John Whalley Applying Tax Policy Models in Country Economic Work: Bangladesh, China, and India Henrik Dahl and Pradeep Mitra A RETROSPECTIVE ON THE FIFTH ANNIVERSARY OF THE WORLD BANK ECONOMIC REVIEW Note from the Editor Cumulative Indexes of Articles and Authors List of Referees Public Disclosure Authorized THE WORLD BANK ECONOMIC REVIEW EDITOR Ravi Kanbur MANAGING EDITOR Sandra Gain EDITORIAL BOARD Carlos Rodriguez, Centro de Estudios John Holsen Macroeconomicos, Buenos Aires Gregory K. Ingram T. N. Srinivasan, Yale University Ravi Kanbur Joseph Stiglitz, Stanford University Sarath Rajapatriana Kaushik Basu, University of Delhi Marcelo Selowsky Guillermo Calvo, International Monetary Fund Dennis N. de Tray Alberto Giovannini, Columbia University Jacques van der Gaag Sweder van Wijnbergen The World Bank Economic Review is a professional journal for the dissemination of World Bank-sponsored research that informs policy analyses and choices.
    [Show full text]
  • An ABC of Taxes
    An ABC of Taxes 2013 Edition An ABC of Taxes | 1 Introduction There are many tasks in society that cannot be performed by individuals alone. These tasks include the provision of education, public infrastructures, health care, a social safety net and internal and external security. In such areas the state acts on society’s behalf. Its activities are financed from tax receipts and they are the state’s most important source of revenue. Without this resource, the state would not be able to take action in the interests of all citizens. This booklet provides information about the different types of taxes in effect in Germany. It tells you who has to pay taxes, what those taxes are for and how much they are. It also reviews the historical development of taxes and other charges, and describes the legal basis on which they are levied. The Federal Ministry of Finance 2 | An ABC of Taxes Contents Contents Taxes and fiscal charges: An overview in facts and figures The Fiscal Code 4 Tax consultancy (assistance in tax matters) 10 Jurisdiction in tax matters 11 International and supranational tax law 13 Agricultural levies in the EU 18 Tasks and structure of the revenue administration 22 Classification of taxes 26 Tax competence at a glance 28 Taxation A to Z Alcopops duty 30 Aviation tax 31 Beer duty 33 Betting and lottery tax 35 Beverage duty 37 Church tax 38 Coffee duty 40 Corporation tax 43 Customs duties 46 Dog tax 52 Electricity duty 53 Energy duty 56 Entertainment tax 60 Excise duties 61 Final withholding tax 62 Fire protection tax 65 Gaming casinos
    [Show full text]
  • INTERNATIONAL TAX COOPERATION Perspectives from the Global South
    INTERNATIONAL TAX COOPERATION Perspectives from the Global South Edited by Manuel F. Montes, Danish and Anna Bernardo INTERNATIONAL TAX COOPERATION PERSPECTIVES FROM THE GLOBAL SOUTH Editors Manuel F. Montes, Danish and Anna Bernardo International Tax Cooperation Perspectives from the Global South South Centre POB 228, Chemin du Champ d’Anier 17 1211 Geneva 19, Switzerland © South Centre [2019] Printed by Schoechli Impression & Communication SA Technopôle 2 – 3960 Sierre This book is published by the South Centre. Reproduction of all or part of this publication for educational or other non-commercial pur- poses is authorized without prior written permission from the copy- right holder provided that the source is fully acknowledged and any alterations to its integrity are indicated. Reproduction of this publi- cation for resale or other commercial purposes is prohibited without prior consent of the copyright holder. The views expressed in this pub- lication are the personal views of the authors and do not necessarily represent the views of the South Centre or its Member States. Any mistake or omission in the text is the sole responsibility of the authors. ISBN 978-92-9162-049-4 ABOUT THE SOUTH CENTRE In August 1995 the South Centre was established as a permanent in- tergovernmental organization of developing countries. In pursuing its objectives of promoting South solidarity, South-South coopera- tion, and coordinated participation by developing countries in in- ternational forums, the South Centre has full intellectual indepen- dence. It prepares, publishes and distributes information, strategic analyses and recommendations on international economic, social and political matters of concern to the South.
    [Show full text]
  • Sixth ECINEQ Meeting Luxembourg - July 13-15, 2015
    Sixth ECINEQ Meeting Luxembourg - July 13-15, 2015 ECINEQ 2 0 1 5 L U X Booklet of abstracts Contents Conference schedule 2 Programme 3 List of abstracts 20 Index of authors 113 Sixth ECINEQ Meeting, Luxembourg 2015 Conference schedule Conference schedule July 13, 2015 8.30 AM 9.30 AM Registration 9.30 AM 11.00 AM Parallel Sessions (1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7) Coffee Break 11.30 AM 1.00 PM Parallel Sessions (2.1, 2.2, 2.3, 2.4, 2.5, 2.6) Lunch 2.30 PM 4.00 PM Parallel Sessions (3.1, 3.2, 3.3, 3.4, 3.5, 3.6, 3.7) Coffee Break 4.30 AM 5.15 AM Institutional Welcome 5.15 PM 6.45 PM Keynote Lecture Stephen Jenkins: To what extent has income inequality increased? Some data issues LIS Summer Lecture, followed by walking dinner. July 14, 2015 9.00 AM 10.30 AM Parallel Sessions (4.1, 4.2, 4.3, 4.4, 4.5, 4.6, 4.7, 4.8) Coffee Break 11.00 AM 12.30 AM Parallel Sessions (5.1, 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.8) Lunch 2.00 PM 3.30 PM Parallel Sessions (6.1, 6.2, 6.3, 6.4, 6.5, 6.6, 6.7, 6.8) Coffee Break 4.00 PM 5.30 PM Keynote Lecture Martin Ravaillon: Inequality when effort matters 5.45 PM 7.00 PM Meeting ECINEQ Council and Executive Committee July 15, 2015 9.00 AM 10.30 AM Parallel Sessions (7.1, 7.2, 7.3, 7.4, 7.5, 7.6, 7.7, 7.8) Coffee Break 11.00 AM 12.30 AM Parallel Sessions (8.1, 8.2, 8.3, 8.4, 8.5, 8.6, 8.7) Lunch 2.00 PM 3.30 PM Parallel Sessions (9.1, 9.2, 9.3, 9.4, 9.5, 9.6, 9.7) Coffee Break 3.45 PM 5.15 PM Keynote Lecture Branko Milanovic: The current trends in global inequality and their political implications 5.15 PM 7.15 PM General
    [Show full text]
  • Falling Inequality and the Growing Capital Income Share: Reconciling Divergent Trends in Survey and Tax Data
    Falling Inequality and the Growing Capital Income Share: Reconciling Divergent Trends in Survey and Tax Data Gabriel Burdín (University of Leeds and Universidad de la República de Uruguay) Mauricio De Rosa (Universidad de la República de Uruguay and Paris School of Economics) Andrea Vigorito (Universidad de la República de Uruguay) Joan Vilá (Universidad de la República de Uruguay) Paper prepared for the 36th IARIW Virtual General Conference August 23-27, 2021 Session 20: Inequality I Time: Thursday, August 26, 2021 [14:00-16:00 CEST] Falling inequality and the growing capital income share: Reconciling divergent trends in survey and tax data Gabriel Burdín ∗ Mauricio De Rosa y Andrea Vigoritoz Joan Vilá § Abstract In contrast to the remaining regions of the world, the available evidence from household surveys indicates that most Latin American countries experienced substantial reductions in monetary poverty and personal income inequality in the first 15 years of the 21st cen- tury. However, it is still unclear whether these trends are robust to the inequality index and database. Based on a unique array of matched social security and personal and firm in- come tax records and household survey microdata, we provide detailed evidence on inequality trends for the period of survey-based inequality reduction in Uruguay (2009-2016), focusing on the top income groups and the evolution of the capital income share. We correct ad- ministrative data to account for informality and social security/income tax underreporting. Trends are sensitive to the data source and inequality measure. Synthetic indices decreased in both datasets and the top income shares diverged.
    [Show full text]
  • 2008 Scorecard
    2008 Scorecard Latin American Venture Capital Association 589 Eighth Avenue, 18th Floor The Private New York, NY 10018 Tel: 1.646.315.6735 Equity and www.lavca.org Venture Capital Environment in Latin America In Cooperation with: 2008 SCORECARD Table Of Contents Executive Summary ................................................................................................................. 1 Scoring Criteria ....................................................................................................................... 2 2008 Scorecard ........................................................................................................................ 4 Overall Score and Overall Score Against PE/VC Investments .................................................... 5 Argentina ................................................................................................................................. 6 Brazil........................................................................................................................................ 8 Chile......................................................................................................................................... 10 Colombia .................................................................................................................................. 12 Costa Rica................................................................................................................................ 14 Dominican Republic ................................................................................................................
    [Show full text]