Uruguay Free Trade Zone License

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
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	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.