Uruguay Business Company Formation – International Lawyers Attorneys in Latin America

Uruguay Business Company Formation – International Lawyers Attorneys in Latin America

Uruguay Business Formation Montevideo Company Incorporation Services Montevideo Uruguay

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The info under shows the necessities to register a Uruguay offshore firm (Uruguay Corporation). We present particulars on the upkeep, shareholder necessities, the minimal capital necessities for Uruguay firm formation, together with the legal type, naming necessities, documentation required and director and secretary necessities.
The info under is a information that will help you together with your Uruguay firm registration. This serves as a basic information and could also be topic to the newest modifications of the laws in numerous jurisdictions. We invite you to Contact Us for the newest replace and free citation.
Uruguay Company – Uruguay Corporation

Legal type: The most necessary kinds of corporations in Uruguay are: Corporation (Sociedad Anónima), Branch Office of Foreign Company, Offshore Corporation (Holdings), Limited Liability Company (Sociedad de Responsabilidad Limitada) and Free zones Corporations. The most steadily used sort of firm by worldwide buyers in Uruguay is a Corporation (Sociedad Anónima). A Corporation is taken into account to conduct offshore actions when the Company develops all of its financial actions outdoors Uruguay, however, it may be managed and domiciled in Uruguay. The objective of one of these firm could be very broad and have to be oriented in the direction of financial actions outdoors Uruguay.

Name of the corporate: The identify could be in any language that makes use of the Latin alphabet, however the Registrar might request a Spanish translation. The identify should include the phrases ‘Sociedad Anonima’, or ‘SA” to indicate restricted legal responsibility and sort of the corporate. Names containing the next phrases require consent or a license:
Bank, Buildings Society, Savings, Loans, Trust, Insurance, Assurance, Re-Insurance, Fund Management, Investment Fund, Fiduciary, Broker or their overseas language equivalents. The following names can’t be permitted: a reputation that’s comparable or similar to an present firm, a reputation that’s recognized to exist elsewhere, a reputation that in the opinion of the Registrar is undesirable or offensive, a reputation that suggests unlawful actions or implies Government patronage.
Incorporation: Any individual or firm, of any nationality, might purchase or incorporate a Uruguayan SA. One wants to select an organization identify and determine who the director might be, and an organization is activated immediately. There are two methods to personal an SA: by incorporating a brand new one, or by buying a “dormant” one which has already been included. The latter is the most typical technique, since SAs which are pre-included have by-legal guidelines with a broad spectrum of permitted actions that permit virtually any sort of revenue or non-revenue exercise. It can also be sensible to purchase an already included firm because of the comparatively lengthy process of the incorporation of a brand new firm.

Offshore Activities (examples): Investment car, Holding firm, Asset-protection car, Lender, Trading firm, SPV to securitize belongings overseas, Owner/holder of patents and copyrights, Vehicle to offer skilled or advisory providers
Shareholders: A Uruguay firm doesn’t require multiple shareholder, who could also be a person or company physique. The particulars of firm useful house owners and shareholders usually are not a part of the general public data. Shareholders could also be non-Uruguayan. Presence of shareholders is just not required in Uruguay. Shareholders could also be overseas residents or entities.

The share capital: Shares could also be bearer shares or nominative shares. One shareholder might personal 100% of the shares. Bearer shares are transmitted by easy supply. No minimal capital required; no most capital restrict. Shareholder’s legal responsibility is restricted to the paid-in capital
Directors of the corporate: It might have a number of members (they could be overseas residents, even entities, and will not be required to be shareholders). The BOD is the chief physique and should have limitless or restricted powers. It should meet annually, regionally or overseas, and it might achieve this by proxies.

Registered workplace and native agent: Uruguay corporations should keep a registered workplace and registered agent inside Uruguay. A registered agent could also be a company physique or a person resident in Uruguay.
Taxation:No taxes on overseas belongings or revenue. No taxes on distribution of dividends. The solely tax due is an annual flat tax (“ICOSA”)

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