Uruguay company registration

Uruguay Company Formation

7990 Usd Incorporation time 3 weeks
  • Reserving your Company Name
  • • Structuring the company as per your requirements
  • • Prepare your Company Registration Forms
  • • Drafting the Articles of Association / Statutes
  • • File the documents with the Registry of the Regional Commercial Court
  • • Appoint the Directors
  • • Minutes appointing first Directors
  • • Preparation of the first minutes of Board Meeting
  • • Initial Government license fee payable on incorporation
  • • Certificate of Incorporation
  • • Issue of shares and production of Share Certificates
  • • All documents and certificates
  • • Delivery of documents by FedEx / DHL courier - Extra calculate by country delevery

The Uruguayan economy is solid

Although Uruguay’s economy is strongly rooted in raw material production (meat, grains, wool, wood, cellulose pulp), other strategic sectors have developed as a result of high human capital standards. These sectors, including services related to tourism, information technology, finance, logistics and transportation, construction, call centers, and shared service centers among others, have shown significant growth over the last few years.

Company Registration Uruguay - what are the main features?

Uruguayan companies (Sociedades Anonimas, or SAs) are popular vehicles to hold foreign assets or conduct overseas business. In addition, the country boasts a dozen tax-free trade zones (Zonas Francas), that is, geographic areas where there is zero taxation on the services provided and goods sold from within such areas.

Company Acquisition Fee

Company acquisition (off the shelf S.A. corporation) includes:

· Name check and approval

· Filing incorporation documents with Registrar of companies

· A standard set of original corporate documents

· Payment of annual flat tax (ICOSA)

· Mandatory registration of directors with the public registry

· Provision of registered agent and registered office for one year

· Change of nominee directors & nominee shareholders

· Rubber stamp

$ 7990
Change of Company Name

Change of company name. This procedure can take 2-3 months.

$ 3500
Nominee Shareholder

Provision of corporate Nominee Shareholder (per annum)

$ 300
Nominee Director & General Power or Attorney (Apostilled)

Provision of corporate Nominee Director (per annum) and General Power of Attorney (valid for one year) under Apostille.

$ 650
Special Power of Attorney

Special Power of Attorney issued by a Nominee Director, under Apostille

$ 290
Certificate of Good Standing (translated &Apostilled)

Provision of Certificate of Good Standing under Apostille, duly translated into English

$ 650
Certificate of Incumbency (translated & Apostilled)

Provision of Certificate of Incumbency under Apostille, duly translated into English

$ 650
Set of Corporate Documents (translated & Apostilled)

Copies of corporate documents in one translated into English and Apostilled bundle. Please note: If applying for a corporate bank account outside of Uruguay, you will need to order a full set of apostilled company documents duly translated in English.

$ 1200
Extra Rubber Stamp

Provision of company extra rubber stamp

$ 40
Metal Embossing Seal

Provision of embossed metal seal

$ 120

Uruguay Business

Uruguay company registration services Incorporation of a SAFI

Uruguay company registration offers significant advantages to those who are currently evaluating doing business and making investments in South America. In this guide, we address the factors that make Uruguay a preferable location for those looking for centers for contacts, shared services, logistics, distribution, and regional treasury facilities.

We have earned a solid reputation for excellence and distinctive services, making us one of the leading firms in audit, tax and business advisory services in Uruguay, serving prestigious local and foreign companies and individuals established in the country. Our purpose is to build trust in society and solve important problems.

Our solutions are designed to meet the specific needs of each client by using a multidisciplinary team and comprehensive approach, adding relevant value in the way our clients perceive it.

Maintaining and building on our position of leader depends on our ability to create and sustain real differentiation from our competitors, creating a distinctive firm.

Reputation Uruguay

Localization and weather

Uruguay is in South America with coasts on the Atlantic Ocean, between Brazil and Argentina. It has a land surface area of 176,215 km2 and a total area of 318,413 km2 when considering rivers and territorial waters.

The country is divided geographically into 19 states ("departments") with Montevideo as its capital. The largest cities are Montevideo, Salto and Paysandú, last both on the shore of Rio Uruguay, the river that is the border line with Argentina.

It is the only South American country that lies entirely in a temperate zone. Due to this, it has small variations in temperature, precipitation and other climatic factors.

There are no remarkable topographic features. Most of the country consists of gently undulating plains crossed by long rivers. The climate is mild and healthy throughout the year. Temperatures average 62° to 82°F (17° to 28°C) in summer and 42° to 57°F (6° to 14°C) in winter. Rainfall occurs in all seasons but is generally heavier in the autumn months.

Its weather and topographic is especially suitable for agriculture, forest and livestock production.

Population and language

According to the last census (2011), the population of Uruguay is a bit more than 3.2 million.

Approximately 95% of the whole population lives in urban areas – about 60% live in Montevideo and its surrounding areas.

There is no indigenous population; most Uruguayans are descent from Europeans (mainly Spanish and Italian).

Spanish is the official and most used language.

English is the most used foreign language by the business community. Currently, Portuguese is also widespread as a result of having a long border with Brazil and because of the trade and tourism between both countries.

Political system and government

Uruguay has long standing traditions of democracy and legal and social stability and a solid financial and legal framework that is attractive to foreign investors contemplating business ventures in the region.

Politically, Uruguay has a democratic republic system, with a presidential regime and three consolidated political parties. The government is divided into three independent branches: Executive, Legislative and Judicial.

The Executive Branch is administered by the President of the Republic, who acts together with the Vice President and the Ministerial Council. The President and the Vice President are elected through universal, popular, direct vote and the Ministers are designated by the President.

The Legislative Branch consists of the General Assembly, which includes the Vice President, a 30-member Chamber of Senators and a 99-member Chamber of Representatives. Parliamentary elections are held at the same time as presidential elections (last Sunday of October every five years – last election was held on 2009).

Uruguay has a two-round system for Presidential elections. In case the candidate for President with more votes in the election of last Sunday of October does not reach the 50% plus one of the valid votes, then there is a runoff with the second most voted candidate, on the last Sunday of November of the same year.

The President, Vice President, Senators and Representatives serve a five-year term. The Vice President, the Senators and the Representatives can be consecutively re-elected, but the President cannot.

The Judicial System is administered by the Judicial Power, one of the three State Powers. Its jurisdiction is national. It is divided in Courts and Tribunals. The system adopted for the judiciary is the collegiate one for higher organisms (Supreme Court of Justice – the highest hierarchy Justice Body and Appeal Tribunals) and the one-man system for the lower organisms (Courts and Peace Courts).

State governments are elected in a separate election from the Presidential and each state chooses its own public authorities. Each state has an "Intendent" (Governor) and a Legislative Branch of 30 members, where the majority (at minimum) belongs to the party of the Governor that has won the state election.

The Uruguayan economy is solid

Although Uruguay’s economy is strongly rooted in raw material production (meat, grains, wool, wood, cellulose pulp), other strategic sectors have developed as a result of high human capital standards. These sectors, including services related to tourism, information technology, finance, logistics and transportation, construction, call centers, and shared service centers among others, have shown significant growth over the last few years.

Most companies are small and closely held by controlling families, but state owned companies and multinationals are an indispensable part of the Uruguayan economy.

In the beginning of the XXIst century, Uruguay is going through one of the highest growth periods in its history, sustained by a favorable context of prices for seeds and meat and the implementation of stable macro-economic policies.

In 2013, Foreign Direct Investment (FDI) reached USD 2.8 billion (about 5.0% of GDP), representing a record in absolute values. Between 2006 and 2012, FDI has more than duplicated and is expected to continue its growth since new investments are currently underway.

Uruguay is one of the top three countries in attracting Foreign Direct Investment (FDI) in the continent, measured in terms of gross domestic product (GDP).

Company Registration Uruguay

Setting up a company in Uruguay – what are the main features?

  • Uruguay is a stable, secure jurisdiction with a sophisticated legal system and developed economy
  • Uruguay is politically and economically stable, making Uruguay company formation a good long-term solution
  • 100% foreign ownership is permitted
  • A minimum of one director and one shareholder is required, who can be of any nationality and need not be resident in Uruguay
  • Corporate shareholders are permitted
  • Following the incorporation of a SAFI, shareholders’ and directors’ details are not available for public viewing
  • If properly structured, a SAFI is legally exempt from corporation tax provided certain conditions are met. One such condition is that the company is not permitted to conduct business in Uruguay
  • International entrepreneurs use the Uruguayan SAFI for the following activities: i) investing in securities, bonds, shares, notes, debentures ii) real estate investment and iii) legally tax-exempt international trade.
  • A Uruguayan limited liability company is subject to a profits tax of 30% on international and local income
  • A Uruguayan company is also required to register for value added tax (VAT), currently levied at 23%Hundreds of global and regional corporations have set up operations in Uruguay’s tax-free zones, to take advantage of this beneficial tax system and Uruguay’s qualified workforce. Our firm helps incorporate companies to operate in the tax-free-zones, and provides the ongoing tax, accounting and regulatory filing advice.
  • Our services include:
  • Uruguayan companies (Sociedades Anonimas, or SAs) are popular vehicles to hold foreign assets or conduct overseas business. In addition, the country boasts a dozen tax-free trade zones (Zonas Francas), that is, geographic areas where there is zero taxation on the services provided and goods sold from within such areas.
  • Local company incorporation
  • Tax-Free Trade Zone company incorporation
  • Assistance with business-plan drafting for Tax-Free Trade Zone company permit
  • Overseas company incorporation and local registration
  • Permanent tax, accounting and bookkeeping
  • Comprehensive tax advice
  • Double-taxation advice
  • Local and non-local labor hiring
  • Banking advice for operationsThe company is Uruguay is called the SA company, or Sociedad Anónima. Some SA companies, formed in Free Zones (Zonas Francas) have substantial tax concessions. Formerly there were companies called SAFI's, which are well known and fiscally transparent. No new ones can now be created.
  • Incorporation of Companies in Uruguay
  • Types of Company in Uruguay
  • The draft company statutes need to be signed with a notary. A standard form of company deeds can be used.
  • The company statutes need to be approved by the Registry (Auditoría Interna de la Nación) .
  • The deeds and the new company needs to be registered with the National Registry of Commerce (Registro Nacional de Comercio)
  • A summary of the Statutes needs to be published in the Official Gazette and in one local newspaper
  • The company is then registered with the Tax Administration Directorate (Direccion General Impositiva)When the company is formed, the following books need to be stamped by the National Registry:
  • Legalization of Company Books
  • The Journal
  • The stock book,
  • The letter copybook,
  • The register of minutes of board meetings
  • The register of minutes of shareholders’ meetings
  • The shareholders’ meeting attendance book.A document is lodged with the Commercial Registry stating the subscribers’ names and national identification numbers. This document is considered to be needed in order to allow the company to open a bank account and to start commercial activities.The company has to be registered with the Tax Administration (the "Direction General Impositiva") and with the Social Security Fund (Banco de Previsión Social)
  • Registration of the Company for Taxes
  • Declarations to Commence Activities

Acquisition of Uruguayan Corporation (Sociedad Anónima - SA)

Worldwide Company Formation services -Company registration around the world - International Company Services


Incorporate a company in over 65 countries

Opening a company in a foreign country is not so difficult as it seems to be at the first sight because the foreign investors can count on our local specialists in company formation who will handle the entire procedure of company incorporation.

They will help the foreign entrepreneurs choose the right type of company for their business and they will provide useful information about the documents required by the authorities, the legislation in the country chosen for opening the firm and licenses and permits the investors may need for running certain activities.

Our lawyers and specialists in company formation have been working in the field of company incorporation for more than 12 years and they know all the procedures and legal steps to be followed in order to obtain the best results in a short time.

After a foreign businessman delivers all the documents required for opening a company, our lawyers and local specialists will submit them to the local authorities and the incorporation will take only a few days.

The foreign investors don’t have to go in person to the country where they want to open a business because our representatives will take care of all it is needed for incorporation.

For any other legal services, the foreign businessmen can count on us because we provide a wide range of services, from company formation and liquidation, to mergers and acquisitions, opening subsidiaries/braches, corporate and commercial litigation, tax advice and planning etc.

Our lawyers from abroad can represent the entrepreneurs in front of local courts, if they are involved in a trial related to business issues.

Besides these, the local attorneys provide legal advice and consultation for concluding


transactions and

other business operations, such as

import-export activities,

buying a company or

buying a property etc.

Foreign entrepreneurs can give the power of attorney to our lawyers and specialists in company formation in order to represent them in front of business partners, authorities or any other person for business purposes.

Each business is different. This is why we are here to help you, so you won't have to worry about any legal issues, while you are fully focused on your entrepreneurial strategy and ideas.

Through our law office, we have a team of experienced lawyers , ready to help you open the business you''ve always wanted to start anywhere in the world - we operate in over 65 countries!



More than a law firm, to become an essential support to any and all foreigners that wish to take advantage of the legal, economic and fiscal advantages that Panama has to offer; by providing integral legal advice and a business plan to aid in reaching your goals and objectives, always working within the legal frame work and respecting the norms and best practices on a national and international level.

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