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4. Entities and setup: Uruguay

Argentina. For full detail on Argentina, go to The Argentine Thread.

Entities and setup in Uruguay: the vehicles a foreign investor can use (SAS, sociedad anónima, SRL and branch of a foreign company), how each is formed at the Registro Nacional de Comercio, which ones need prior review by the Auditoría Interna de la Nación and pay the S.A. control tax, and the beneficial owner reporting to the Banco Central del Uruguay that every entity must keep current, each tied to the official text. For Argentine parents and the Argentine side of trade, FX or tax treaty questions see The Argentine Thread guide.

Investor view. Uruguay lets a single founder, local or foreign, open an SAS online for about US$63 with no minimum capital, no state review of bylaws and registry review due by law within 24 hours, a low friction entry that keeps capital working instead of tied up in formalities.

Choosing an entity in Uruguay: SAS, sociedad anónima, SRL or branchA foreign investor in Uruguay usually picks between four vehicles: the SAS (sociedad por acciones simplificada, Ley Nº 19.820), the sociedad anónima (S.A.), the sociedad de responsabilidad limitada (S