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Uruguay - DOING BUSINESS


Local business incentives


Foreign companies benefit from the same aids and incentives as local companies. Employment aids in high priority zones do exist. Indeed, employment expenses can be deducted from the company tax from one half to twice the real amount. Scientific development aids and incentives could also be granted, research expenses can be deducted up to 50% of the real amount of the company tax. There are also other incentives such as exemptions from the reinvestment of profit, tax incentives etc...
The Uruguay XXI Investment and Export Promotion Agency, as well as the uruguayinvest.com web site, provide assistance and support to international investors.


Legal forms of companies


Form Number of partners/shareholders Minimum and/or maximum capital Liability Registration fee Release of financial documents
Sociedad Anonima Commun is a Public Limited Company.   No minimum, it can be a proprietorship.   USD 50,000   Liability is limited to the amount contributed.      
Sociedad de Responsabilidad Limitada (SRL) is a Private Limited Company.   Minimum 2.
Maximum 50.
  		USD 1,100   Liability is limited to the amount contributed.      
Sociedad Colectiva (SC) is a general partnership.   Minimum 2.   No minimum capital.   Liability is limited to the amount contributed.      
Sociedad en Commandita Simple (SCS) is a limited partnership.   Minimum 2.   No minimum capital.   Liability is limited to the amount contributed.      
Sociedades en Commandita por Acciones (SCA) is a partnership limited by shares.   Minimum 2.   No minimum capital.   Liability is limited to the amount contributed.      


Registration and licensing procedures


In order to set up a Public Limited Company or a Private Limited Company, founders must subscribe a deed which contains the company's status. Then, a notary has to certify the deed's signatures and register it in his protocol.



Foreign exchange control


Currency exchange controls have been suppressed for good in 1974. Transactions in foreign currencies can be carried out. There are no restrictions on profits and capital repatriation.


Regulations concerning equity investment


A majority holding interest in the capital of a local company is legal in Uruguay.  


FDI inflows inUruguay




FDI inflows (millions US$) 2000 2001 2002 World rank
Foreign Direct Investments (F.D.I.) 194   416   311   97 / 196
Sources : UNCTAD Database FDI/TNC


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Last modified in December 2003
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