Uruguay has a very skilled workforce. The cultural level of the general population is among the highest in Latin America, and is comparable to any developed country. Perhaps more important, Uruguay has a similar work ethic to that of developed countries.
Labor costs in Uruguay are a fraction of those in Europe or the US, without losing quality workers. Uruguay has become one of the most investor-friendly countries. It is a country of great political and economic stability, with clear rules and a judicial system that works, equally defending the interests of foreign and local.