Company registration in Uruguay (SAZF)

Name of service Bronze Silver Gold Platinum
Company name availability check and reservation in Registro Nacional de Comercio (RNC) Verifying the availability and reserving of your preferred company name in the local Uruguay registry.
Company registration in form of SAS (Simplify Share Corporation) including government fees Preparation and submission of all required documents and fees to the relevant government authorities for company registration, ensuring a streamlined process for our clients.
Articles of Incorporation (Escritura de Constitución) Provision of international standard certificate of incorporation for your company.
Articles of Association This document outlines the company's internal regulations, including details about the company's name, purpose, share capital, management structure, decision-making processes, and other important provisions.
Minutes of the meeting of directors of the company Document preparation necessary for the legal registration of directors within the company structure
Commercial Register Extract This document is an official extract from the Estonian Commercial Register(Äriregister), which includes information about the company's registration number, legal form, registered address, shareholders, management board members, and other relevant details.
Local secretary services for one (1) year Provision of a local secretary for your company. This means we provide you with a local contact person who will ensure communication between you and the authorities, banks or other parties in Estonia. The contact person can help you with translations, receiving and forwarding official documents, representing your company and general administrative support. This gives you confidence and convenience in communicating and interacting with government agencies and institutions
Assistance in opening a corporate bank account in the payment system Collection, processing and filing of the documents required for opening a corporate account with a payment system, including consultation of appropriate jurisdiction.
Assistance with a VAT number obtainment Assistance in obtaining a VAT number for your company, which is necessary for accounting and payment of value added tax in accordance with tax requirements
Assistance in opening a corporate bank account with a traditional bank Collection, processing and filing of the documents required for opening a corporate account in a traditional bank, including consultation on the choice of appropriate jurisdiction.
Apostilled and Translated company documents Apostille certification and consular legalization of documents, depending on the country of operation.
Free Consultation We offer a free consultation where you can discuss your needs and questions regarding company registration and management. Our experts will be happy to help you understand the process and provide guidance based on your situation. We are happy to answer your questions and help you make an informed decision about the services you need.
Total cost
1400 EUR 2400 EUR 2900 EUR 6300 EUR
Provision of a legal address for 1 (one) year
900 EUR 900 EUR 900 EUR 900 EUR
Remote company registration with transfer of authority
500 EUR 500 EUR 500 EUR 500 EUR
Accounting services
100 EUR 100 EUR 100 EUR 100 EUR

Deal of the month

If you will register a company until 29th of February,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Uruguay is considered the smallest country on the South American continent. But the small size of the state did not prevent it from obtaining the status "The most prosperous country in Latin America". Its jurisdiction is considered one of the most stable and safe for entrepreneurs, its geographical location is very profitable. The political direction has not changed for many years, which creates a favorable atmosphere in the cultural, social and business spheres. The Uruguayan government is interested in capital inflows, so the financiers from all over the world consider this country as a profitable business area.

Business etiquette of Uruguayans is characterized by the following features:

  • the gifts do not affect the outcome of the transaction, the desire to give a present should be sincere;
  • expensive chocolate is usually given to the business partners, or flowers (mostly roses, only not white);
  • men are usually dressed in classic dark suits, and women in a skirt and blouse at business meetings.

Why is it profitable to register a company in Uruguay?

The government of the country does its best to attract investors and tries to create favorable conditions for them. The main advantages of the registration of a legal entity in Uruguay:

  • liberal tax legislation;
  • democratic orientation of the government policy;
  • the basis for the functioning of the sphere of finance - the preservation of banking secrecy;
  • lack of tax control;
  • constantly improving conditions for offshore business;
  • flexible corporate conditions (the regime of bearer shares, there are no distinctions between jurisdictions on payment of dividends, as foreign corporations-residents may act as a director);
  • free zones (Colonia, Nueva Palmira, Carrasco and others).

Possible forms of company registration

You can register the following types of companies in the country:

  • Limited liability company (Sociedad de Responsabilidad Limitada - SRL);
  • joint-stock (or anonymous) society (Sociedad Anónima - SA).

Let’s consider briefly the features of operation of each type.

  1. Features of registration of SRL:
    • several founders are necessary;
    • the number of partners can be from 2 to 50;
    • the charter determines the validity of the firm, it can be set unlimited;
    • the company can be managed by a legal entity established by its partners;
    • the amount of capital (minimum and maximum) is unlimited.The owners of the firms should be prepared for the fact that at the initial stage of the foundation it is necessary to introduce a minimum amount of their share of capital (50%), and pay the rest during 2 years. All manipulations to accept and exclude the partners, change of shares should be coordinated with all the founders without exception.
  2. Features of registration of SA:
    • It is allowed to organize the firms of any kind of activity (special rules only for the financial sphere);
    • the number of shareholders is not limited (at least one);
    • shares are issued to the bearer or registered;
    • it is allowed to borrow for capital increase;
    • the transfer of capital to the country of registration of the founder is made without restrictions;
    • responsibility of the shareholders is established in accordance with their shares in the Company;
    • the main bodies of the company: the Meeting of Shareholders and the Board of Directors;
    • the possibility of opening a bank account in any currency by non-residents.

Features of work in the "Free Economic Zone" and under special modes

The creation of free economic zones is intended to stimulate commercial activity by introducing special tax conditions in a certain territory for industrial and commercial activities. The benefits are valid only if the legally established requirements and the provision of services are complied with in the foreign market. They include exemption from nationwide or local tax obligations.

The companies are also exempted from profit taxation outside the free zone if they produce services outside Uruguay.

Trade regimes in the country can be divided into two types:

  • free from tax burden due to being in a special economic zone;
  • the mode in which the difference between the cost of buying and selling goods and services is calculated, and a 0.75% tax is levied on it.

The zero rate of dividend income taxation is applied at the holding mode.

Standard tax regime

The tax policy for the firms registered in Uruguay is formed in such a way that only those profits that are received on the territory of the country will be taxed. The rate will be 25 percent. There is no dividend tax which attracts shareholders. The financial reports and forms are issued every year.

Cooperation

Our clients