Uruguay Free Zone License

The Uruguay free trade zone company is generally an LLC or a PLC incorporated within an Uruguay Free Trade Zone. Such type of business entity requires at least 2 shareholders and 1 director to be incorporated. The director and shareholders can either be individuals or a body corporate and need not be resident in Uruguay;

A free trade zone company is subject to statutory audit if it has total assets exceeding US$585,000 or an annual turnover exceeding US$2 million. It must also appoint a registered agent who can either be an individual or a legal entity and must be resident in Uruguay. This entity is exempt from all national taxes in Uruguay, except in some cases from withholding tax on dividends repatriated abroad.

 

Features of an Uruguay SAZF

Uruguay  SAZF

Corporate Details

General

  • Type of Entity

SAZF

  • Registered Office in Uruguay

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

2 Months

  • Corporate Taxation

No

  • Access to Double Taxation Treaties

Yes

Share capital or equivalent

  • Standard currency

US$1

  • Permitted currencies

EUR, USD, GBP

  • Minimum paid up

US$1

No

  • No-par-value shares allowed

No

Directors

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

Two

  • Publicly accessible records

Yes

  • Corporate shareholders allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

No

  • Local or qualified

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

 

Advantages of Uruguay Free Trade Zone Company

  1. Exemption from corporate income tax on sales of goods and services produced within the free zone.
  2. Exemption from customs duties on imported equipment and raw materials and
  3. Simplified customs procedures. Withholding tax, however, applies to dividends if the corresponding income has been sourced from Uruguay.

 

The Valsen Advantage

  1. Speedy, Efficient and consistent Services.
  2. Relentless effort to obtain bank accounts.
  3. Expert advice on structuring options.
  4. Dedicated ongoing compliance support.