Uruguay

Ease of Doing Business in

Uruguay

This page summarizes Doing Business 2013 data for Uruguay. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Latin America & Caribbean
Income Category Upper middle income
Population 3,368,595
GNI Per Capita (US$) 11,860
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
89 87 down -2

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
59.6 58.0 down 1.6
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 39 31 up -8
Dealing with Construction Permits 158 155 up -3
Getting Electricity 20 20 No change
Registering Property 164 166 up 2
Getting Credit 70 67 up -3
Protecting Investors 100 98 up -2
Paying Taxes 140 164 up 24
Trading Across Borders 104 107 up 3
Enforcing Contracts 102 103 up 1
Resolving Insolvency 54 51 up -3

Economy Profile

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Doing Business law library Law Library

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Additional Topic

Additional Data

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 39 DB 2012 Rank 31 Change in Rank down-8
DB 2013 DTF** (% points) 88.8 DB 2012 DTF** (% points) 88.7 Improvement in DTF** (% points) up0.1
YearNew business densityNumber of new limited liability companies
2011 0.916,142
Indicator Uruguay Latin America & Caribbean OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
5 9 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
7 53 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
24.3 33.7 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
0.0 3.7 13.3
No. Procedure Time to Complete Associated Costs
1 Select and reserve the name of the company from a list of names provided by the online portal of the one-stop shop (www.portaldelaempresa.gub.uy) 1 day UYU 543
2 Open a bank account and deposit the capital 1 day USD 200 (Varies by bank)
3 Notarize company's bylaws and signatures 1 day 0.5% of capital, minimum 40 U.R. + 18.5% notary tax
4 Incorporation and registration of the company at one of the offices of "Empresa en el Día" 3 days Included in procedure 5.
5 Pay fees and taxes in any local Payment Agency 1 day UYU 1610 (registration fee) + UYU 1610 (book registration) + UYU 510 per book (stamp fee)+ UYU 2916 (approval of public deed) +UYU 3664 ( publication in the Official Gazette) + UYU 20104 (ICOSA tax) + UYU 100 (professional stamp on forms 351 and 352)

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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