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An Argentine company will export a unique model of catamarans from Colonia

An Argentine company will export a unique model of catamarans from Colonia

The Argentine company SM Catamarans will be installed in the Juan Lacaze Industrial Park, Cologne, so that it will export an unprecedented ship model for the region from Uruguay, with an investment close to 20 million dollars, a sign of the interest that the country generates to attract new investments.

The firm will take advantage of the tax exemptions offered by the Investment Promotion Law and hopes to begin production of the vessels this year. Aspires to generate 10 jobs direct and nearly 40 indirect jobs, in addition to strengthening the exports with a type of boat that is not produced in today Latin America.

The official announcement of the new shipyard came from the Argentine naval designer specialized in yachts, German Frers, during an event at Yacht Club of Punta del Este, in which he gave details of the structural and interior design of the catamarans.

The company will manufacture three exclusively designed boat models, one of which is designed especially for the Mercosur.

One of the important actors for the arrival of this investment was Uruguay XXI, from where they provided information to members about the benefits they could qualify for, as well as possible installation locations and the facilitation of the process to achieve qualification.

This new shipyard joins the Alvarez, installed in the same park along with 9 companies such as technology Genexus and UY!Fish. Thus, the expectation grows that, between the two, they can become the anchor of a naval industrial hub in Juan Lacaze.

Fiscal benefits

When choosing Uruguay, SM Catamarans took into account the tax exemptions offered by the Investment Promotion Law, while the operation was protected by the Shipyard Law of 1984, which exempts from taxes the import of materials, raw materials, capital goods and various elements that this type of undertaking requires to function.

Thus, the company will be able to use certified quality inputs mainly from China, such as carbon fiber and resins, but it will also do the same with electronic equipment and components. USA.

Added to this is the fact that the shipyard is installed in the Juan Lacaze Industrial Park, so that the firm will access additional tax benefits, such as exemption from employer contributions for its staff for 5 years.

Source: Ambito

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