What if I told you this park contributes nearly two percent to Uruguay’s GDP? That’s Zonamerica. It is no ordinary business park. Zonamerica is a hub of innovation and economic activity. Welcome to Zonamerica in Montevideo.
Zonamerica operates under Uruguay’s Free Zone Law since 1990. This law fosters economic activity and job creation. It does this through specific regulations. Zonamerica is the first private free zone in Uruguay. The government authorized its creation in 1990.
Imagine 92 hectares dedicated to business and technology. That is what Zonamerica offers. Over 350 companies operate here. Around 10000 people work within its bounds. Zonamerica is more than just offices. It includes over 30 buildings and ample green spaces. Parks and recreation areas cover 300000 square meters.
Businesses in Zonamerica enjoy several benefits. They are protected from regulatory changes. They are exempt from national taxes. Expatriates receive social security contribution exemptions. Capital flows freely. There are no currency restrictions.
Zonamerica offers diverse services. These range from satellite design to human resources. They provide infrastructure, security, and technology support. Zonamerica even supports embassies within its grounds.
Let’s talk about the Celebra Building. Zonamerica commissioned architects Carlos Ott and Carlos Ponce de León to design it. It is a Class A office building. The Celebra Building won awards in London. It was recognized as the Best Office Building in the World. The U.S. Green Building Council certified it as LEED Gold. It was the first building in Uruguay to achieve this.
The Americas Free Trade Zones Association recognized Zonamerica in 2011. They named it the best Free Zone in the Americas. fDi Magazine also acknowledged it in 2014. The Financial Times Group publishes this magazine.
Tenant companies at Zonamerica include big names. Assist Card, CITI, and Despegar.com all have a presence here. Julius Baer, Merck, and PWC are also tenants. You will also find Altisource, Ricoh and Sabre. Tata, Trafigura, Costa Oriental, Verifone, and NÜR Süd are present too.
Zonamerica has expanded beyond Uruguay. It partnered with Carvajal Group in Colombia. Together, they created a business park in Cali. This park mirrors the design and services of the Uruguayan Zonamerica. The goal is to attract global services companies.
Zonamerica continues to evolve. It adapts to meet the needs of global businesses. It creates a stable environment for investment and growth. Zonamerica is a testament to Uruguay’s commitment to innovation.
As we conclude our tour, consider the impact of Zonamerica. It stimulates the economy. It creates jobs. It attracts foreign investment. Zonamerica is a model for free zones around the world. It demonstrates how strategic planning and legal frameworks. These can drive economic development.