"[7] In 1860 the Basel bank of Siegrist und Fender purchased farm land in Uruguay.

It was not long before the first Swiss citizens moved to Uruguay with the goal of working the land as farmers where they founded the colony of Nueva Helvecia around 1862.

"[10] Again, during World War II, Switzerland, as protecting power, represented Uruguay in Germany, Italy, Hungary and France.

[2] After the Korean War, Uruguay adopted Swiss style banking laws and became the "Switzerland of the Americas".

Swiss representations in Montevideo:[citation needed] Uruguayan nationals resident in Switzerland.