Key sectors attracting venture capital ( VC) investments in Uruguay include financial services (including FinTech companies, mobile wallets, and digital payment solutions), e-commerce, consumer products, and information technology. Do venture capital funds require any approvals before investing in your jurisdiction? As a general rule, investments in Uruguay do not require prior approval. However, there are certain regulated industries that do require prior authorization when making an investment or transferring the investment, such as certain media companies, rural real estate, transportation, software, certain financial services companies, insurance, cannabis, etc. Most VC deals occur in industries where no prior authorization is required. Are there any legal limitations to an offshore venture capital fund acquiring control or influencing the business, operations, or governance of an investee entity?