Latin American Offshore Paradise.
By James Zhang.With a population of some 3.5 million, the Oriental Republic of Uruguay, is a small nation situated between Brazil and Argentina in the southeast region of South America. The country's citizenry speaks English, Spanish and Italian, and about 88% of the population is of European descent.
Economic growth for Uruguay was robust, enjoying an average growth between 2004 and 2008 of almost 10%, a rate that could beat all but China.
The 2008-2009 global financial crisis distorted Uruguay's path of vigorous growth that decelerated in 2009 to 2.9% at US$ 45 billion, which was...