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Company formation Uruguay

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Uruguay is without a doubt one of the fastest growing economies in Latin America. Its growing international attraction, lucrative mining industry, and business-friendly incentives are some of the reasons for the success the Uruguayan market is experiencing. Although it is enticing, it can be difficult to do business in a country where one does not fully understand the regulations and laws to form a company there. In order to help you get a better insight on the steps in this process, our Uruguayan business experts have created a company formation presentation for Uruguay.

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Company formation Uruguay

  1. 1. How to Form a Company in Uruguay? www.bizlatinhub.com
  2. 2. Why Incorporate a Company in Uruguay? Strong service sector Equal treatment foreign investors Robust economy Great trading Platform Free trade zones & competitive tax rates
  3. 3. Types of Legal Entities Limited Liability Company (S.R.L.) Corporation (S.A.) Branch Office The majority of companies that are setup in Uruguay are either Limited Liability Companies (Sociedad de Responsabilidad Limitada - SRL) or Corporations (Sociedad Anonima – SA) This presentation will outline the process of forming a Corporation.
  4. 4. Fact Sheet S.R.L. Yes Is foreign ownership allowed? Yes Can the company sponsor foreign employees? No Are there capital controls? 6 - 8 weeks once all documentation is submitted How long does it take? (including bank account) None Is there a minimum share capital? 1 Shareholder What is the minimum number of shareholders? Yes Are a fiscal address and legal representation required?
  5. 5. How to do it. In order to successfully form your company, you will have to follow the steps outlined in this presentation. There are 6 main steps involved in this process.
  6. 6. Step 1 A POA is a legal document allowing our team at Biz Latin Hub to form the company on your behalf. Draft and Sign a Power of Attorney
  7. 7. Step 2 The company bylaws define a company’s purpose and how it will operate. Create the Company Bylaws
  8. 8. Step 3 Before all the required local, state and national authorities. Register the Company
  9. 9. Step 4 Register with the national tax authority and obtain the company ID number (RUT) and tax ID number (NIT). Obtain the company and tax ID numbers
  10. 10. Step 5 Subscribe the capital you wish to invest in the company. After this, the company can begin operations. Initial company investment
  11. 11. Step 6 You will have to open a corporate bank account and deposit the required capital in order to activate it. Open and activate a corporate bank account
  12. 12. Biz Latin Hub is a market leader in helping individuals and companies to successfully do business globally and has multilingual services that are reliable, tailored and responsive. Our group is owned and managed by an experienced team of local and expat professionals, dedicated to assisting our clients to navigate their way through the complexities of the global business environment. We can help!
  13. 13. See how our services can support your global expansion. Legal Services Accounting & Taxation Immigration
  14. 14. Are you ready to expand globally? Contact us now. contact@bizlatinhub.com www.bizlatinhub.com

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