Main Characteristics and the basic rules of Company registration in Uruguay
Taking our company operations to a new country is nice but selecting the apt destination is vital for success. If you have any plan for tapping the potential in Latin American market- choose Uruguay as your venture expansion destination. The country is located at middle of South America and its GDP is lucrative from the perspective of foreign investors. Its location and proximity to countries like Brazil and Argentina- may lure you to invest in the country. However, our consultancy service can smoothen things. You should try out our Uruguay Company Formation services.
Do not be deterred by the small dimension of Uruguay- It has many advantages for business expansion. Its stable economy and govt policies are suitable for foreign investment in many sectors. The last few years have been positive for economic growth as well.
The transport and logistics setup in Uruguay is extremely beneficial for business operations. The infrastructure is ideal for any kind of business and in the last few years, internet connectivity has matured by leaps and bounds.
Not every country you choose for business operations will have free trade zones. However, Uruguay has a number of zones which offer exemption from business related charges and taxes. From manufacturing to storing raw products and logistics, all business operations can be executed in these special zones. MNCs like Pepsico, Sony and Lexmark have chosen the country for business activities and it is time you do the same. However, you may require expert guidance on adhering to business setup norms and documentation etc. Check out our Uruguay Company Formation services.
When you expand venture operations in another country, hiring skilled and apt employees is on your mind. This will not be a problem in Uruguay. You can set up different types of business in the country- as it is. The companies dealing with agricultural products are doing well. Real estate firms are also doing well here and you may also opt for tourism related ventures. Running travel agency or hospitality related companies can be profitable here.
No matter what sort of a company you set up in Uruguay, you will need to learn about the legal norms, tax issues and related formalities. The assistance of a reputed consultant agency can be really useful at this juncture. BRIS group’s Uruguay Company Formation service is what you need for this. Call us today and find out the benefits.
|Uruguay Company Formation||Financial Advantages|
|Taxation||Yes 0.3% taxes|
|Double Taxation Treaty Access:||Yes Treaty Access with 24 countries|
|Uruguay Tax Information Exchange Agreements:||Yes, Uruguay signs Exchange Agreements|
|Account Filing Requirements:||Yes accounting or reporting requirements|
|Annual Return Filing Requirements:||Yes annual return/ reporting requirements|
|Audit Requirements:||No audit required.|
|Uruguay Company Formation||Registration Requirements|
|Share Capital:||Standard authorised share capital: US$ 50,000 Minimum paid up share capital: US$1|
|Classes of Share Available for Uruguay company formation:||Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights are permitted.|
|Bearer Shares:||Yes, Allowed|
|Registered Office Required:||Yes, required and must be maintained in Uruguay|
|Shareholders:||Minimum number is one|
|Directors:||Minimum number is one. Can be any nationality and need not be resident in Uruguay. Corporate directors are allowed.|
|Your Company language:||English|
|Name of your Company must be ended:||S.A.F.I.|
|Documents required for Uruguay company formation:||A certified copy of your passport or ID and proof of your residential address dated less than 3 months.|
|Uruguay Company Formation||Restrictions|
|For Uruguay company formation you cannot use words in your company names without justification:||“Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.|
|Restrictions on Trading:||Not permitted to trade within Uruguay|
|Not permitted without a licence:||Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.|
|Uruguay Company Formation||Confidentiality and Security|
|Publicly Accessible Records:||Yes public register of company officers (Directors, Shareholders, Secretary)|
|Nominee Shareholders and Nominee Directors:||Yes, Allowed|
|Disclosure of Beneficial Ownership to Authorities:||No|
|Meetings of Directors and Shareholders to be held:||Anywhere|
|Stability:||Very good steady jurisdiction and highly regarded reputation.|
|Region:||A South American country|
|Political System:||Presidential system|
|Government:||Constitutional republic, Republic|
|Governing corporate legislation:||Law 11,073 of 1948|
|Type of Law:||Common|
|Currency:||Uruguayan peso (UYU)|
|Language of Legislation and Corporate Documents:||Spanish with a certified English translation|
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.