Registration of companies in Uruguay – SA
from 3415 c.u.
The Republic of Uruguay (República Oriental del Uruguay) is a country in the southeastern side of Latin America. Its economy is considered one of the most developed of all countries on the continent.
Many businessmen today consider Uruguay as a place to register their business because this country is politically stable, has a number of indulgences in the legislation in relation to entrepreneurship and foreign investment, and is also very progressive.
It is worth noting the high level of GDP, active international politics and a developed agricultural sector.
Contact our lawyers and get a free professional consultation.
WHY YOU SHOULD CONSIDER URUGUAY AS A JURISDICTION?
- low taxes;
- a number of tax incentives;
- no currency control;
- free zones: Nueva Palmira, Colonia and Carrasco, etc.;
- banking secrecy;
- stimulation of investors and foreign capital
Be sure to contact our lawyers to learn all the details of doing business in Uruguay. We will tell you all the details for the successful functioning of your future company.
THE MOST COMMON COMPANY TYPES
- limited liability company, SRL;
- anonymous society, SA.
ACCOUNTING AND TAXATION
Mandatory bookkeeping and reporting. SA pays a tax of 400 USD per year.
There is no tax on assets and on the distribution of dividends.
Our specialists can not only register a turnkey company in Uruguay, but also help with the purchase of an existing company or provide full support for the entire process.
SA FEATURES
- Issuance of shares allowed;
- One founder can own 100% of shares;
- Authorized capital is not established;
- It is necessary to have 2 apparatuses in the company: the Board of Directors and the Meeting of Shareholders;
- Any citizenship;
- You can open a bank account in any currency.
HOW TO OPEN A BANK ACCOUNT
The process of opening an account consists in providing a package of documents:
- the passport;
- a document confirming the authenticity of the address of residence;
- letter of recommendation from the bank.
Sometimes proof of income may be required. If you need help opening an account, please contact our lawyers and we will guide you through the entire process as quickly as possible.
