Uruguay LLC

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
Bearer shares allowed	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.