Fees and timelines in 2023

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 entitiesAverage engagement costsDraft Invoice
Tax resident LLCUS$22,105View invoice PDF
Tax resident SAUS$20,105View invoice PDF
Legally tax exempt SAUS$20,105View invoice PDF
SAZF free zone companyUS$18,055View invoice PDF
Representative officeUS$22,905View invoice PDF
Branch of a foreign companyUS$22,995View invoice PDF
Fast business setup solutionUS$27,435View invoice PDF
Fast business setup solution + 6 months tax reportingUS$44,595View invoice PDF
Uruguay with tax reportingUS$27,115View invoice PDF
Bitcoin LLCUS$25,105View invoice PDF

Click here to create your own Uruguay invoice

Timelines

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

ServiceLLCPLCSAZFSAFIBranchRep officeOffshore
Engagement planning2 weeks2 weeks2 weeks2 weeks2 weeks2 weeks2 weeks
Company incorporation period9 weeks9 weeks9 weeks9 weeks12 weeks12 weeks9 weeks
Bank account approval4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks
Internet banking approval3 weeks3 weeks3 weeks3 weeks3 weeks3 weeks3 weeks
Incorporation completion1 week1 week1 week1 week1 week1 week1 week
Total engagement period19 weeks19 weeks19 weeks19 weeks24 weeks24 weeks19 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