Why Uruguay?
Key advantages for foreign founders registering in Uruguay.
Territorial Tax System
Only Uruguayan-sourced income is taxed. Foreign-sourced income is 100% exempt.
Free Trade Zones
12 FTZs offering 0% CIT, VAT, and customs duties. Includes Zonamerica (fintech hub).
Fintech Leadership
Most advanced fintech regulation in LATAM. Zonamerica hosts global financial services operations.
Political Stability
Strongest democracy in South America. Rule of law, low corruption, predictable policy.
MERCOSUR Member
Tariff-free access to Brazil, Argentina, Paraguay. Associate deals across South America.
No Exchange Controls
Free movement of capital, no currency restrictions, full profit repatriation.
How Uruguay Compares
Side-by-side with South America’s top jurisdictions.
| Jurisdiction | CIT | Min Capital | Formation | Foreign Own. | Best For |
|---|---|---|---|---|---|
| 🇧🇷 Brazil | 15–25% | None | 2–4 weeks | 100% | LATAM’s largest market |
| 🇨🇴 Colombia | 35% | None | 1–2 weeks | 100% | Tech hub, Pacific Alliance |
| 🇨🇱 Chile | 27% | None | 1–2 weeks | 100% | Best governance, mining |
| 🇺🇾 Uruguay | 25% | None | 2–3 weeks | 100% | Fintech, free trade zones |
| 🇵🇾 Paraguay | 10% | None | 1–2 weeks | 100% | Lowest tax in SA |
| 🇵🇪 Peru | 29.5% | None | 2–3 weeks | 100% | Mining, Pacific Alliance |
| 🇦🇷 Argentina | 25–35% | None | 2–4 weeks | 100% | 47M market, talent pool |
| 🇪🇨 Ecuador | 25% | $800 | 2–3 weeks | 100% | Dollarized economy |
Entity Types Available
Choose the right structure for your business in Uruguay.
SRL (Limited Liability)
Most popular for SMEs. 2–50 partners. No min capital. Limited liability. Simpler governance than S.A.
- DGI tax registration
- Contrato Social
- BPS social security
- Registered address
- Municipal registration
- Bank account intro
S.A. (Corporation)
For larger enterprises or those needing share transfers. Min 2 shareholders. Board required.
- DGI & BPS registration
- Estatutos
- RNCE registration
- Board setup
- Bank account intro
Free Zone Company
Established within a designated FTZ (Zonamerica, Aguada Park). 0% CIT on all activities.
- FTZ application
- DGI registration
- FTZ lease agreement
- Registered address
- Bank account intro
How It Works
Our managed formation process from inquiry to operational Uruguay company.
Name reservation & documents
Name check and reserve. Draft Contrato Social or Estatutos in Spanish.
Notarization & AIN registration
Notarial deed and registration with Auditoría Interna de la Nación.
DGI & BPS registration
Tax registration with Dirección General Impositiva. Social security enrollment with BPS.
Municipal & RNCE registration
Municipal business license and commercial registry (RNCE) enrollment.
Bank account & operations
Introduction to BROU, Santander Uruguay, Itaú Uruguay, or HSBC. Multi-currency accounts.
What’s Included
Formation Package
- ✓ Company registration & certificate
- ✓ Articles / founding documents
- ✓ Tax registration
- ✓ Registered address (1st year)
- ✓ Bank account introduction
- ✓ Compliance documentation
Documents You Receive
- 📄 Certificate of Incorporation
- 📄 Tax registration certificate
- 📄 Articles of Association
- 📄 Director & shareholder register
- 📄 Corporate seal (where applicable)
- 📄 Bank account confirmation
Tax Overview
Uruguay’s tax framework for corporate entities.
| Tax | Rate | Notes |
|---|---|---|
| Corporate Income Tax (IRAE) | 25% | On Uruguayan-sourced income only |
| Foreign-Source Income | 0% | Territorial system: foreign income fully exempt |
| VAT (IVA) | 22% | Standard; 10% reduced rate; 0% on exports |
| Withholding Tax | 7% | On dividends to non-residents |
| Free Trade Zone | 0% | No IRAE, IVA, customs, or IRPF in FTZs |
| Wealth Tax (IP) | 1.5% | On net assets located in Uruguay; deductible from IRAE |
Cost & Timeline Breakdown
Transparent pricing with no hidden fees.
| Item | Cost (USD) | Timeline |
|---|---|---|
| Name reservation | Included | 1 day |
| Contrato Social / Estatutos | Included | 1–2 days |
| Notarization & AIN | Included | 3–5 days |
| DGI & BPS registration | Included | 2–3 days |
| Municipal registration | Included | 2–3 days |
| Bank account intro | Included | 5–7 days |
| Total Package | From $2,500 | 2–3 weeks |
All prices fixed — no hourly billing. Optional add-ons available on request.
Speak with a Uruguay Specialist
Our team will guide you through the optimal structure for your Uruguay business.
What Our Clients Say
Founders who registered through Sovera Global.
“Uruguay’s territorial tax system was the deciding factor. Zonamerica FTZ gave us 0% CIT on our global operations. Sovera handled the entire process.”
“We moved our holding to Uruguay for stability and MERCOSUR access. Sovera set up our S.A. and connected us with BROU banking.”
Official Resources
Key government agencies for company registration in Uruguay.
Frequently Asked Questions
No. Uruguay has a territorial tax system. Only income sourced from within Uruguay is taxed.
12 designated FTZs (including Zonamerica) offering 0% CIT, VAT, and customs duties on all activities conducted within.
Yes. No restrictions. Free capital movement and full profit repatriation.
SRL: 2–3 weeks including notarization, AIN, DGI, and BPS.
25% IRAE on Uruguayan-sourced income. 0% in Free Trade Zones. Foreign income is exempt.
Yes. Founding member with Brazil, Argentina, Paraguay.
Some banks allow it with notarized documents. BROU and Itaú are the most accessible for foreign companies.
Most advanced fintech regulation in LATAM. Zonamerica hosts global financial services. Stable, transparent regulatory environment.
Ready to register in Uruguay?
Get your personalized quote with exact pricing, timeline, and required documents.
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