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.