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uruguay jurisdiction international company solutions

Our services in Uruguay

  • Company set-up, formation and domiciliation
  • International corporate structuring
  • Directorships, Trustee services and nominee shareholder services
  • Accounting and corporate secretarial services
  • Opening and operating of corporate bank accounts
  • Substance services such as office facility services and co-location solutions

At a glance

Uruguay, located in the southeastern part of South America, borders the Atlantic Ocean, Brazil, and Argentina. The capital and the commercial center of Uruguay is Montevideo.

Uruguay’s strategic location, political and economical stability, first-rate infrastructure, and legal framework make it very attractive and profitable for foreign investors.

Uruguay has become the first exporter of software in Latin America. Uruguay grants equal treatment to national and foreign investors and, aside from very few sectors, there is neither de jure nor de facto discrimination toward investment by source or by origin.

Tax summary

Corporations are taxed on Uruguay-source income, defined as income derived from activities performed, property situated or economic rights used in Uruguay. Any profits, including capital gains, are taxable at a rate of 25%.

Withholding tax

Dividends paid to nonresident companies and individuals and branch remittances are subject to withholding tax at a rate of 7% if they are paid out of income subject to corporate income tax. Dividends and branch remittances paid out of income not subject to corporate income tax are exempt from tax.

In general, a 12% withholding tax is imposed on the following payments to nonresidents:

  • Interest
  • Royalties
  • Technical assistance payments
  • Service fees
  • Equipment rent

Tax treaties

Uruguay currently has tax treaties with Ecuador, Finland, Germany, Hungary, India , Korea (South) Liechtenstein, Malta, Mexico, Portugal, Spain and Switzerland.

For more information please contact:

HBM Uruguay S.A.
Convención 1.343
P.5 Esc. 512, Montevideo
CP.11.100 Uruguay