UY · S 34°54′ · W 56°10′
Uruguay
Uruguay’s territorial tax approach and established legal, banking, and logistics environment support substantive trade and regional operations in South America. A SAS is flexible, but cross-border owners must complete identity, tax, and ultimate-beneficial-owner disclosures.
A territorial-tax base for South American operations.
Simplified Joint Stock Company Sociedad por Acciones Simplificada (SAS)
Talk to an advisorKey points on one page.
- Tax
- IRAE 25% on Uruguay-source income; taxable-profit dividends generally 7% WHT; 15% DMTT for in-scope groups
- Shareholders and directors
- Min. 1 shareholder; a sole shareholder cannot be an S.A.; at least 1 legal representative
- Share capital
- No legal minimum; pay at least 10% of cash capital at formation and the balance within 24 months
- Local requirements
- Uruguay registered/fiscal address and tax registration required; administrator or representative may be a shareholder or third party
- Annual maintenance
- Self-assess IRAE and net-wealth tax; file by the end of month 4 after year-end
- Incorporation timeline
- Approx. 2–4 weeks, subject to documents, notarisation and registration
- Public disclosure
- Ownership chain and UBOs must be filed with BCU; data are confidential, with statutory authority access
Facts last checked · 2026-10-23
This page summarises publicly available regulations for general reference only and does not constitute legal or tax advice. Rules in each jurisdiction may change at any time; please confirm the latest position with an Offshore Isle advisor.
References (5)›
- 01Uruguay Law No. 19,820 — Simplified Joint Stock Companies
- 02gub.uy — Registration of a Simplified Joint Stock Company
- 03PwC Worldwide Tax Summaries — Uruguay: Taxes on corporate income
- 04PwC Worldwide Tax Summaries — Uruguay: Tax administration
- 05PwC Worldwide Tax Summaries — Uruguay: Other issues
02 · Advantages
Why Uruguay
- 01Territorial tax base for substantive regional operations
- 02Flexible SAS articles for governance and share arrangements
- 03Southern Cone location between Brazil and Argentina
03 · Requirements
Formation requirements
- Foreign owners: identity/entity, authority and UBO documents
- Uruguay registered/fiscal address; register with DGR, DGI and BPS
- At least 1 legal representative; sector licences as applicable
04 · Compliance
Annual compliance
- File IRAE and net-wealth tax returns by end of month 4 after year-end
- File initial UBO information within 45 days after obtaining RUT
- If annual revenue exceeds UI 37,500,000, AIN supervision applies
After incorporation, Offshore Isle sets a compliance calendar. We remind you in advance of annual returns, renewals and filings, and handle them on your behalf.
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