Uruguay

Uruguay is located in Southern South America, and borders the South Atlantic Ocean, between Argentina and Brazil. Uruguay’s economy is characterised by an export-oriented agricultural sector, a well-educated work force, and high levels of social spending. Despite the recent global financial crisis, the country has managed to avoid a recession and keep positive growth rates, mainly through higher public expenditure and investment, and GDP growth reached 8.5% in 2010 and 6% in 2011. Uruguay offers an opportunity to register an offshore company in a Free Trade Zone which is exempt from all national taxes. CompanyRegistrationsWorldwide.com can assist you in setting up a company in Uruguay.

Setting up a company in Uruguay – what are the main features?

  • Uruguay is a stable, secure jurisdiction with a sophisticated legal system and developed economy
  • Uruguay is politically and economically stable, making Uruguay company formation a good long-term solution
  • 100% foreign ownership is permitted
  • A minimum of one director and one shareholder is required, who can be of any nationality and need not be resident in Uruguay
  • Corporate shareholders are permitted
  • Following the incorporation of a SAFI, shareholders’ and directors’ details are not available for public viewing
  • If properly structured, a SAFI is legally exempt from corporation tax provided certain conditions are met. One such condition is that the company is not permitted to conduct business in Uruguay
  • International entrepreneurs use the Uruguayan SAFI for the following activities: i) investing in securities, bonds, shares, notes, debentures ii) real estate investment and iii) legally tax-exempt international trade.
  • A Uruguayan limited liability company is subject to a profits tax of 30% on international and local income
  • A Uruguayan company is also required to register for value added tax (VAT), currently levied at 23%

 

Contact CompanyRegistrationsWorldwide.com for more information on setting up a company in Uruguay.

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