Arcos Dorados Holdings Inc. operates as a franchisee of McDonald's restaurants. It holds the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 21 countries and territories across Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. Founded in 2007, the company is based in Montevideo, Uruguay.