Uruguay Company Formation - Sociedad Anónima

Uruguay Company Incorporation

The Sociedad Anónima is the most frequently incorporated type of company by international investors in Uruguay.

A SA Corporation is considered to have offshore activities when the company has all its activities outside of Uruguay, nevertheless, it can be managed and domiciled in Uruguay.

The objectives of an SA corporation are very broad and must be geared towards activities outside Uruguay.

Company Name

Your company name can be in any language, which uses the Latin alphabet, but the registrar may request a Spanish translation. We can check if your selected company name is available and then reserve it for you.

Company Formation

Our Company Formation fee includes:

  • Company Name check and approval
  • Filing incorporation documents with Registrar of Companies
  • One set of standard corporate documents
  • Registration of company directors with the public registry
  • Provision of registered office address for one year

Incorporation Processes

  • Notarise company Articles of Association and signatures
  • Obtain approval of company bylaws from the Auditoría Interna de la Nación
  • Register with the National Registry of Commerce - Registro Nacional de Comercio
  • Publish summary in the Official Gazette
  • Dealing with the Tax Administration (Direccion General Impositiva) and certify the form after it is signed by shareholders
  • Registration with the Tax Administration (Direccion General Impositiva) and the Social Security Bank (Banco de Previsión Social, BPS)
  • Purchase the Libros de Trabajo - Labour Book

Incorporation Fee

We can only give a fee quote once we know the activities and the number of directors and shareholders - the fee would be in the region of £3,800.

Provision of a Company Secretary

Provision of Registered offices with mail forwarding services — £840

Annual basic tax £200 per

The Annual Fees include the following services:

Annual Statutory Fee, which includes:

: local registered agent

: filing statutory returns with official departments;

: attending to routine compliance matters, reviewing official correspondence received and other routine matters incidental to good corporate governance;

: Processing and Return Filing with Internal revenue, Registrar of Companies, and other official departments

INCLUSIONS:

The Bylaws, publications and Certificate of Incorporation

The Shares Certificates

The Board Meetings Minutes Book

The Shareholder Meetings Minutes Book

The Daily book (for accounting entries)

The Inventory book (for accounting entries regarding the company’s capital)

All documents will be provided certified and, if required, apostilled, as per Hague Convention, for international recognition of the statutory documents.

TIME TO INCORPORATE A SA

A new incorporated company will take approximately 45/60 days

Shareholders

The shareholders can be of any nationality and need not be resident in Uruguay.

SA's only require one shareholder whose details do not appear on public record.

Company Directors

Only one Director is required and a local Director is not required.

Changes of Directors must be registered and communicated to government offices but they do not appear on the public file.

There is no restriction on the nationality, domicile or resident of the company directors

Share Capital

There is no minimum share capital requirement, the usual share capital is US$5,000.

Registered Office

Uruguay companies must maintain a registered office and registered agent within Uruguay, we can provide a registered office service in Uruguay.

Taxation

There are no taxes on foreign assets or income, no taxes on distribution of dividends. The only tax due is an annual flat tax (ICOSA). Benefits from double tax treaties are also available.

Public Records

Details of company directors and shareholders are not on public records.

Ask System Day
only required if you wish us to call you back
Uruguay fees to Incorporate
  • Time - 2 months to incorporate your Uruguay company
  • Company Formation - £3800
  • Registered Office Fee - £840
Uruguay Advantages
  • Directors - only 1 director of any nationality is necessary for your company
  • Shareholders - only 1 shareholder are required
  • Share Capital - there is no minimum share capital requirement
  • Tax - There are no taxes on foreign assets or income. The only tax due is an annual flat tax (ICOSA).
  • Registered Office - your company requires a registered office in Uruguay, which we can provide
  • Support - using our 20 years experience we guide you throughout every step of the company formation process