Valsen Corporate

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

    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.