What Encourages Investors to Start Their Business in Uruguay?

  • The continuous rise in the rate of foreign investment in the country.
  • Uruguay provides exemptions and financial facilities for investments.
  • Uruguay guarantees the same treatment for local and foreign investors.
  • The country is constantly working to provide a suitable business climate to investors.
  • It also ensures that businesses can operate freely without restrictions on their activities.
  • Uruguay is a leading country in wind power production.

Also read: A Simplified Definition of Commercial Law

Procedures for Setting Up a Company in Uruguay

  • Choosing a company name.
  • Opening a bank account and depositing the capital.
  • Preparing the company’s foundation documents.
  • Authenticating and signing the articles of incorporation of the company.
  • Paying the establishment fees and taxes at a local payment agency.

Also read: The Importance of Having a Commercial Lawyer Before Starting Your Investment

Types of Companies in Uruguay

  • Limited liability company.
  • Public partnerships.
  • Limited partnerships.
  • Business and capital partnerships.
  • Cooperative company.
  • Branch of foreign company.

Also read: The Most Important Branches of Commercial Law