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.
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.
Our Company Formation fee includes:
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
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
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.
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
There is no minimum share capital requirement, the usual share capital is US$5,000.
Uruguay companies must maintain a registered office and registered agent within Uruguay, we can provide a registered office service in Uruguay.
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.
Details of company directors and shareholders are not on public records.