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Overview
Incorporation: around 2-3 weeks + delivery time for the courier
Minimum share capital requirement: $1.00 USD
Overview
Uruguay is an independent republic in South America. Limited Liability Company in Uruguay is better suited for conducting global business outside of Uruguay’s borders to avoid all taxation which is the main advantage for non-resident entrepreneurs.
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Name Check |
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Company Incorporation |
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Local secretary |
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Government fees |
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Registered office for 1 year |
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Delivery of original documents |
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Apostilled documents |
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Nominee director and shareholder |
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Total amount: |
On request |
On request |
On request |
Comprehensive Guide to Company Incorporation
General information
Company structure
- ▪ Minimum two shareholders* (no restrictions on the nationality)
- ▪ One director* (no restrictions on the nationality and residency, corporate directors are allowed)
*Both can be the same person.
Taxation
- ▪ Uruguay does not have a tax on global income. Only income earned within its borders are taxed. Therefore, LLC not engaging in business inside Uruguay will be regarded as a tax exempt company. However, even if no taxes are due, an LLC is still required to file an annual tax return.
Other benefits
- ▪ Business-friendly environment
- ▪ Free inflow and outflow of capital and repatriation of profits
- ▪ Free exchange and use of foreign currency
- ▪ Open financial system, with no capital controls
▪ 100% foreign ownership
Registered Agent
Required
Registered office
Required
Secretary
Not Required
Company name
- ▪ Every LLC must include the words “Sociedad Anónima Uruguay” or its abbreviation “SAU” at the end of their company name.
- ▪ The LLC must select a unique name not resembling any other Uruguay legal entity name. Names can be reserved before registration.
Incorporation
- ▪ Collection of necessary information for company registration
- ▪ Preparing foundation documents for company registration
- ▪ Notarization of all founding documents for banks, the internal revenue office, etc.
- ▪ Payment of state fees for company formation
- ▪ Request a tax identification number from the tax office/authorities
- ▪ Company registration in the Register of Enterprises
- ▪ Publishing a notice in the Official Gazette announcing the formation of a new company
Please provide us with the following documents and data:
Incorporation
- ▪ A notarized copy of valid passport (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
- ▪ Name of company
- ▪ Data on the establisher of the company (in the case of the establisher being the legal person (company) – extract from Center of Registers on the company)
- ▪ A copy of proof of residential address (ex. utility bill of each Shareholder, Director, Beneficial Owner, Authorized Signatory that is not older than 3 months) in English
- ▪ Optional: A notarized copy of Bank reference (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
- ▪ Optional: CV (of each Director and Shareholder)
N.B.
- ▪ If Shareholders and/or directors are legal persons, then it is required to submit full set of apostilled company documents and valid certificate of Good Standing.
▪ If documents are not in English, the certified translation of it must be provided.