{"id":12150,"date":"2016-11-01T18:19:31","date_gmt":"2016-11-01T18:19:31","guid":{"rendered":"https:\/\/www.pfser.com\/urugvaj\/?lang=en"},"modified":"2022-08-13T14:58:21","modified_gmt":"2022-08-13T12:58:21","slug":"company-registration-in-uruguay","status":"publish","type":"page","link":"https:\/\/www.pfser.com\/en\/company-registration-in-uruguay\/","title":{"rendered":"Company Registration in Uruguay"},"content":{"rendered":"

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Overview of Company Registration in Uruguay<\/h2>\n

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As per its territorial boundaries, Uruguay is the smallest state among all countries of the South American continent. However, this did not prevent the country from being acknowledged as the most prosperous country in South America.<\/p>\n

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Uruguay\u2019s legal system is called the most reliable and safe for the business sector, and its geographical location is considered as advantageous. The political line of the country has remained unchanged for long which is favourable to create the best effective environment in business, cultural and social spheres of life. At the same time, state authorities encourage capital flows to the country in various ways. This is why today most foreign financiers consider this country in Latin American as an excellent platform to conduct profitable business activities.<\/p>\n

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In this context, one cannot but recall the special business conduct for residents of the country, which has its own characteristics: gifts given to business partners does not affect the outcome of transaction; business associates are given expensive chocolate and bouquets of roses (not white); dress code is required at business meetings \u2013 men should wear dark classical suits, women \u2013 strict-style skirts and blouses.<\/p>\n

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Benefits of Company Registration in Uruguay<\/h2>\n

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Why is a company registration in Uruguay profitable? The management of Uruguay encourages the\u00a0 flow of investors by any means, making efforts to create the most favourable conditions for them.<\/p>\n

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Major benefits of registration of legal entities in this country include:<\/h3>\n

[\/vc_column_text][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Soft tax laws;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Protection of bank secrecy, which is the basis for normal functioning in financial sector;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]No control by tax authorities;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Conditions persistently improved to do offshore commerce<\/a>;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Corporate conditions know for maximum flexibility (foreign residents may act as directors, there is no differentiation between jurisdictions to pay dividends, etc.);[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Free economic areas (Carrasco, Nueva Palmira, etc.);[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Democratic political vector of authorities.[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_separator color=”#ba8350″ width_in_percentages=”yes” css=”.vc_custom_1606000456211{margin-top: 75px !important;margin-bottom: 80px !important;}”][vc_row_inner el_class=”pfser-row–not-mobile-flex-center”][vc_column_inner width=”1\/3″]\n

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Company Registration in Uruguay
\nand Registration\u00a0fees<\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text]Managers of companies should be aware that at the initial stage of foundation they will have to make a minimum 50% of their interest in capital. The remaining amount should be paid in the next couple of years. All transactions related to acceptance and withdrawal of partners, increase and reduction of their shares are obliged to agree with all co-founders without exceptions.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” el_class=”pfser-row–white” css=”.vc_custom_1606003680865{padding-top: 50px !important;padding-bottom: 60px !important;}”][vc_column]\n

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Company Registration in Uruguay and Taxation<\/h2>\n

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Creation of free economic areas is the way of business encouragement by introducing special tax rules in certain areas to engage in trading and industrial activity. Favourable terms are valid in compliance with the regulations as specified by law and services provided to the foreign market. This refers to exemption from local and national taxation.<\/p>\n

Outside the boundaries of free zones, firms are exempted from paying tax revenues if they are engaged in provision of services outside the state.<\/p>\n

The Uruguay trade regime is categorised into two types:<\/p>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/6″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Tax-free trading in the free economic zone;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Trading known for the difference between the purchase price and its selling price, and this difference is charged with 0.75% tax.[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]The holding regime provides zero tax rate on dividend income;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=”1\/6″][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text]<\/p>\n

Taxation of companies registered in Uruguay is formed so that the only income is taxed that is received in the territory of the country. The rate equals 25%. The dividends received are not taxed, which invariably attracts shareholders from all countries to Uruguay. Financial statements are required annually.<\/p>\n

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Types of company<\/h2>\n

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Today, such types of legal forms are available for company registration in Uruguay:<\/h3>\n

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