Assistance in starting a business
— We help you open and grow your business in Uruguay.
— We provide full support, from company registration to property selection, obtaining a residence permit, and all related matters.
— We provide full support, from company registration to property selection, obtaining a residence permit, and all related matters.
Uruguay is rightfully considered a leader in Latin America for stability, security, and business transparency. The country offers ideal conditions for asset diversification and expansion into new markets, attracting investors from around the world.
To successfully open a business in Uruguay, it's essential to understand local legislation, tax regulations, and administrative procedures.
Neodom's team of experts provides professional assistance with opening a business in Uruguay, providing comprehensive legal, financial, and organizational support at every stage. We transform the complex process of corporate formation into a clear and transparent process.
To successfully open a business in Uruguay, it's essential to understand local legislation, tax regulations, and administrative procedures.
Neodom's team of experts provides professional assistance with opening a business in Uruguay, providing comprehensive legal, financial, and organizational support at every stage. We transform the complex process of corporate formation into a clear and transparent process.
Why Investors Choose Uruguay: Key Advantages of the Jurisdiction
The decision to open a company in Uruguay is a strategic move driven by a number of compelling factors that make the country an ideal entry point into the Latin American market:
Digital leadership and advanced infrastructure
Uruguay ranks first in Latin America for internet development and download speeds. The country is the undisputed regional leader in fiber-optic network development, creating an ideal ecosystem for large-scale technological development.
Favorable territorial taxation
Uruguay offers a powerful competitive advantage: taxes for new tax residents are levied exclusively on profits earned within the country. Foreign income is exempt from taxation, making this jurisdiction extremely attractive for international businesses and holding structures.
Highest quality of life, safety and ideal climate
A stable political environment, advanced healthcare, and one of the lowest crime rates make Uruguay an ideal destination not only for business but also for family relocation and obtaining a residence permit. Furthermore, the moderate climate, with no significant temperature fluctuations throughout the year, and a complete absence of the risk of hurricanes and earthquakes, also contribute to this.
Registration without reference to residency
You can open a company in just a few days. Its main competitive advantage: 100% of the founders and directors can be non-residents. This eliminates the bureaucratic hassle of finding local nominees and significantly saves time and resources.
Flexibility in financial planning
The law does not set strict or excessive requirements for the minimum authorized capital, which makes starting a business as simple, cost-effective, and safe as possible.
Developed economy and favorable investment climate
The key growth drivers are agribusiness, tourism, finance, IT, and textiles. The government not only welcomes foreign capital, but actively supports it, providing significant incentives, tax breaks, and other benefits for new businesses.
Thinking about
starting a business in Uruguay?
starting a business in Uruguay?
Entrust your company registration and all related matters to the experts at Neodom. We will provide full support and assistance every step of the way.
Legal forms of companies in Uruguay
There are two main forms most commonly used to open a company in Uruguay.
Simplified Joint-Stock Company (Sociedad por Acciones Simplificada, SAS)
Ideal for startups, small and medium-sized businesses, and IT projects. Created to stimulate business by Law No. 19.820 "On Entrepreneurship Promotion" of September 18, 2019, and further regulated by Decree No. 399/019.
Ideal for startups, small and medium-sized businesses, and IT projects. Created to stimulate business by Law No. 19.820 "On Entrepreneurship Promotion" of September 18, 2019, and further regulated by Decree No. 399/019.
Flexibility: Simple management without complex corporate apparatus, registration is often done electronically.
Participants: Established by one person (individual or legal entity) of any nationality without mandatory presence in Uruguay.
Capital: The law does not require a minimum amount of authorized capital.
Liability: Limited to the value of the shares owned by the shareholder.
Joint Stock Company (Sociedad Anónima, SA)
The classic form is suitable for large corporate structures.
The classic form is suitable for large corporate structures.
Management: SAs are required to have a Board of Directors, which implies a more formalized decision-making process.
Participants: Shareholders may be residents of any country and have the full right to be located outside of Uruguay.
Capital: There are no strict requirements for the minimum size of the authorized capital, but its exact amount must be clearly stated in the Charter.
Liability: Shareholders are liable for the company's obligations only to the extent of the value of their shares.
Taxation in Uruguay: Transparency and Benefits
Uruguay offers favorable conditions for investors.
Income tax is based on a territorial principle. The corporate income tax rate is 25%, but it only applies to income earned from activities within Uruguay.
A company registered in Uruguay is required to register for VAT and submit monthly reports. To avoid errors and penalties, this work should be entrusted to a professional accountant familiar with local legislation.
According to Uruguayan tax legislation, if goods are not produced in the country and are not intended for its market, and services are provided and consumed outside its borders, a preferential tax regime applies based on Resolution 51/997 (DGI).
Dividend tax is 7%, but in many cases it can be waived or reduced depending on the type of activity or the type of structure used.
VAT (IVA) - The standard VAT rate is 22% and applies to most goods and services. A reduced VAT rate of 10% is available for certain food products and utilities, and certain categories of goods and services are completely exempt from VAT.
Stages of starting a business: how we work
Starting a business requires attention to detail. Our support service includes the following key steps:
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Agreement of terms and paymentWe determine the scope of services and issue a Proforma Invoice. The legal support agreement can be signed on the same day you submit your company registration documents. -
Comprehensive check and collection of documentsWe determine the business structure (directors, shareholders, beneficiaries). We prepare a package of documents: passport scans, financial statements, bank references, and forms for the Origin of Funds, KYC, and Bank Account Profile. Important: if the shareholder is a foreign legal entity, its statutory documents will need to be apostilled and translated by an official translator. -
Signing of constituent documentsThe company director must be present at the signing, presenting the original passport. Original documents for the other participants are not required—scanned copies are sufficient. -
State registrationWe register the company with the Tax Administration (DGI) and Social Security (BPS) and register the ultimate beneficial owners with the Central Bank (BCU). Once this step is completed, the company is officially authorized to issue invoices. -
Opening a corporate accountOpening a corporate account: The director personally signs the bank forms. After approval, the director visits the bank to receive cards, access tokens, and provide a signature sample.
Why choose us
— Neodom – your best choice
— Trust your start-up to the professionals. We'll make the process of registering a business in Uruguay quick, legal, and stress-free. Contact us today for a free consultation. We'll ensure your safety and success every step of the way.
Exclusive properties
Access to unique offers on the Uruguayan real estate market
Deep local expertise
We understand the nuances of Uruguayan banks, the specifics of interacting with local partners, and how to structure business management for maximum profit.
Absolute transparency
We document all costs, terms, and conditions upfront. No hidden fees or unexpected demands.
Full cycle support
We handle all communications with government agencies, banks, and contractors. You get results: from the keys to your new office to the first financial statements.
An integrated approach: business and real estate
We not only register companies but also select the best properties for living, recreation, or investment, creating personalized solutions tailored to your needs.
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email: uru@neodom.es