Company Registrations In Uruguay
Company Registrations In Uruguay
Uruguay is located in Southern South America, and borders the South Atlantic Ocean, between Argentina and Brazil. Uruguay’s economy is characterised by an export-oriented agricultural sector, a well-educated work force, and high levels of social spending. Despite the recent global financial crisis, the country has managed to avoid a recession and keep positive growth rates, mainly through higher public expenditure and investment, and GDP growth reached 8.5% in 2010 and 6% in 2011. Uruguay offers an opportunity to register an offshore company in a Free Trade Zone which is exempt from all national taxes. Licensehub.in can assist you in setting up a company in Uruguay.
Setting up a company in Uruguay – what are the main features?
- Uruguay is a stable, secure jurisdiction with a sophisticated legal system and developed economy
- Uruguay is politically and economically stable, making Uruguay company formation a good long-term solution
- 100% foreign ownership is permitted
- A minimum of one director and one shareholder is required, who can be of any nationality and need not be resident in Uruguay
- Corporate shareholders are permitted
- Following the incorporation of a SAFI, shareholders’ and directors’ details are not available for public viewing
- If properly structured, a SAFI is legally exempt from corporation tax provided certain conditions are met. One such condition is that the company is not permitted to conduct business in Uruguay
- International entrepreneurs use the Uruguayan SAFI for the following activities: i) investing in securities, bonds, shares, notes, debentures ii) real estate investment and iii) legally tax-exempt international trade.
- A Uruguayan limited liability company is subject to a profits tax of 30% on international and local income
- A Uruguayan company is also required to register for value added tax (VAT), currently levied at 23%
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