Uruguayan law gathers all  the existing businesses types of the world, with the opportunity to organize a new legal entity and set up a foreign company branch.

 

As for the constitution of a new legal entity, the most frequently used business types are: Corporations (where corporate capital may be represented by registered shares or bearer shares) and Limited Liability Companies.

Other less used business types are general partnerships (sociedades colectivas), limited partnerships (sociedades en comandita), labor and capital partnerships (sociedades de capital e industria) and De facto partnerships (sociedades de hecho).  Furthermore, cooperatives, foreign branches, consortia and economic interest groups (GIEs, for its Spanish acronym) and, in the case of individual undertakings, single-member companies can also be organized. Except for consortia and single-member companies, all other corporate types mentioned above and GIEs feature legal status.

 

Corporations, limited liability companies and single-member companies can be organized in only one step, through the Company in a Day program (“Empresa en el Día”), saving time and money. 

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This Uruguayan government service allows setting up a company, without additional costs, by a single procedure, constituting and registering a company in approximately 24 hours since its presentation.


Companies that can be created:

  • Unipersonal company

  • Facto corporation

  • Business partnership (S.A. and S.R.L.)

 

Other types of companies can not be registered with this system:

  • Farming

  • Banking and Financial

  • Rent

  • Embassies staff

  • Staff of international organizations

  • Insurance

  • Free trade zone

 

*To register the company and prove your representation, you can choose the registration with electronic signature or Notarial Certificate.