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Fees and timelines in 2024

Fees

payment by instalmentIncorporation costs in Year 1 amount to US$10,660 and annual company costs in Year 2 and thereafter amount to US$3,800. The average total fee per Uruguay engagement amounts to US$22,105, which includes company incorporation and opening a local corporate bank account and all government fees. Refer to draft invoice embedded here.

Business entities Average engagement costs Draft Invoice
Tax resident LLC US$22,105 View invoice PDF
Tax resident SA US$20,105 View invoice PDF
Legally tax exempt SA US$20,105 View invoice PDF
SAZF free zone company US$18,055 View invoice PDF
Representative office US$22,905 View invoice PDF
Branch of a foreign company US$22,995 View invoice PDF
Fast business setup solution US$27,435 View invoice PDF
Fast business setup solution + 6 months tax reporting US$44,595 View invoice PDF
Uruguay with tax reporting US$27,115 View invoice PDF
Bitcoin LLC US$25,105 View invoice PDF

Click here to create your own Uruguay invoice

Other fee considerations

Timelines

The average Uruguay company registration period is 19 weeks as outlined below:

Service LLC PLC SAZF SAFI Branch Rep office Offshore
Engagement planning 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks
Company incorporation period 9 weeks 9 weeks 9 weeks 9 weeks 12 weeks 12 weeks 9 weeks
Bank account approval 4 weeks 4 weeks 4 weeks 4 weeks 4 weeks 4 weeks 4 weeks
Internet banking approval 3 weeks 3 weeks 3 weeks 3 weeks 3 weeks 3 weeks 3 weeks
Incorporation completion 1 week 1 week 1 week 1 week 1 week 1 week 1 week
Total engagement period 19 weeks 19 weeks 19 weeks 19 weeks 24 weeks 24 weeks 19 weeks

uruguay business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Uruguay, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi