A Uruguay LLC requires at least 2 shareholders and 1 director who can either be individuals or corporates. This director and the shareholders can be of any nationality and are not required to be resident in Uruguay. The company lastly requires a capital of only at least 1 share (in any currency) to complete its incorporation;

An Uruguay limited liability company can also be used as a legally tax exempt company provided our Clients do not have i) any staff in Uruguay and ii) any customer in Uruguay. We also recommend to open the corporate bank account outside of Uruguay, although this is not strictly required. 

Best uses for a Uruguay company

  1. Uruguay is the prime location for registration of a legally tax exempt company in South America;
  2. Uruguay also provides free trade zones which are attractive for businessmen willing to manufacture products then export them to Brazil and other large South American markets.

Features of a Uruguay LLC

Uruguay  LLC

Corporate Details

General

  • Type of Entity

LLC

  • Registered Office in Uruguay

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

2 Months

  • Corporate Taxation

Yes

  • 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

No

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

Advantages of Uruguay company registration

  1. Thanks to Uruguay’s territorial taxation system, companies incorporated in Uruguay are legally exempt from corporate income tax in Uruguay provided they do not have i) staff in Uruguay and ii) customers in Uruguay;
  2. Uruguay companies distributing income sourced from overseas also benefit from legal exemption from Uruguay withholding tax;
  3. Unlike Caribbean jurisdictions, Uruguay companies are reputable business entities, which will not be viewed as a potential risk of AML/CFT risk or tax evasion by Governments, banks and financial institutions.
  4. Uruguay has relatively good sea transportation infrastructure, ranked as the 43th best in the world by the World Economic Forum;
  5. Average salaries in Uruguay are less than US$2,000 a month and the minimum salary is only US$370 per month;
  6. Thanks to its Mercosur membership, Uruguay has access to several free trade agreements, notably with India and Mexico.

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.