Uruguay

Starting a Business in

Uruguay

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Uruguay. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 185 economies. The most recent round of data collection was completed in June 2012.

Compare Uruguay to 184 other economies.

YearNew business densityNumber of new limited liability companies
2011 0.916,142

  • Standardized Company

  • Legal Form: Sociedad Anónima (SA)
  • Paid in Minimum Capital Requirement: None
  • City: Montevideo

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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

The fee to notarize the company’s articles of association and its signatures depends on the company capital: the fee is usually calculated as 0.5% of the capital plus notary taxes of 18.5%, with a minimum fee of 40 readjustable units (unidad reajustable, UR). The UR is published on a monthly basis, and as of June 2011, its value is UYU 515.54.
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"

All documents have to be presented and all registration fees have to be paid at Empresa en el Dia
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)
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