Uruguay Limited Liability Company Formation

Uruguay Limited Liability Company Formation

An Uruguay Limited Liability Company (Sociedad de Responsabilidad Limitada) can be both totally tax exempt and 100% foreign owned entity.

Incorporation: around 2-3 weeks + delivery time for the courier


Minimum share capital requirement: $1.00 USD

 

Overview

Uruguay is an independent republic in South America. Limited Liability Company in Uruguay is better suited for conducting global business outside of Uruguay’s borders to avoid all taxation which is the main advantage for non-resident entrepreneurs.
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Name check + + +
Company incorporation
+ + +
  • Name check and approval
  • Filling incorporation documents with the Registrar of Companies
  • A standard set of original corporate documents
  • Payment of the Government fee
  • Provision of registered agent and registered address for one year
Local secretary + + +
Government fees + + +
Registered office for 1 year + + +
Delivery of original documents - + +
Apostilled documents
- + +
  • If applying for a corporate bank account, you will need to order a full set of apostilled company documents when the account is opened outside of the country of Company.
Nominee director and shareholder
- - +
  • This service is required if you do not want your name to appear in the corporate documents or in the government registry. For this purpose, we will appoint another person or entity that will act on your behalf and for your interests and benefit. Such a relationship will be legally based on Power of Attorney and Trust Declaration. Despite Power of Attorney not being publicly available, such service does not guarantee 100% confidentiality. In case of request from public authorities the information about actual beneficial owner may be disclosed.
Total amount:
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Facts & Info for Uruguay Limited Liability Company Formation

Company
Services
Requirements

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.