Uruguay

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Operating a Business in Uruguay

Setting up a company | Working conditions | Cost of labor | Social partners

Setting up a company

Legal business entities

Types of companies and capital (max/min)	Number of partners/shareholders and liability	Registration fees
Sociedad Anonima Commun is a Public Limited Company. No minimum (law n. 18.083)	No minimum, it can be a proprietorship. Liability is limited to the amount contributed.	Notarize company's articles of association and signatures: USD 150 + 0.5% of capital. Register with the National Registry of Commerce: USD 220. Publish summary in the Official Gazette: USD 130-165. Publish summary in a local newspaper: USD 25-120. Notarize the application forms: USD 42. Registration with the Tax Administration and the Social Security Bank: 1.5% of capital. Declaration of Directors Board: USD 110. Register payroll at the Ministry of Labor: USD 35.
Sociedad de Responsabilidad Limitada (SRL) is a Private Limited Company. minimal contribution : 20,531 Uruguayan Pesos Maximal: 923,423 Uruguayan Pesos	Minimum 2. Maximum 50. Liability is limited to the amount contributed.	Notarize company's articles of association and signatures: USD 150 + 0.5% of capital. Register with the National Registry of Commerce: USD 220. Publish summary in the Official Gazette: USD 130-165. Publish summary in a local newspaper: USD 25-120. Notarize the application forms: USD 42. Registration with the Tax Administration and the Social Security Bank: 1.5% of capital. Declaration of Directors Board: USD 110. Register payroll at the Ministry of Labor: USD 35.
Sociedad Colectiva (SC) is a general partnership. No minimum capital.	Minimum 2. Liability is limited to the amount contributed.	Notarize company's articles of association and signatures: USD 150 + 0.5% of capital. Register with the National Registry of Commerce: USD 220. Publish summary in the Official Gazette: USD 130-165. Publish summary in a local newspaper: USD 25-120. Notarize the application forms: USD 42. Registration with the Tax Administration and the Social Security Bank: 1.5% of capital. Declaration of Directors Board: USD 110. Register payroll at the Ministry of Labor: USD 35.
Sociedad en Commandita Simple (SCS) is a limited partnership. No minimum capital.	Minimum 2. Liability is limited to the amount contributed.	Notarize company's articles of association and signatures: USD 150 + 0.5% of capital. Register with the National Registry of Commerce: USD 220. Publish summary in the Official Gazette: USD 130-165. Publish summary in a local newspaper: USD 25-120. Notarize the application forms: USD 42. Registration with the Tax Administration and the Social Security Bank: 1.5% of capital. Declaration of Directors Board: USD 110. Register payroll at the Ministry of Labor: USD 35.
Sociedades en Commandita por Acciones (SCA) is a partnership limited by shares. No minimum capital.	Minimum 2. Liability is limited to the amount contributed.	Notarize company's articles of association and signatures: USD 150 + 0.5% of capital. Register with the National Registry of Commerce: USD 220. Publish summary in the Official Gazette: USD 130-165. Publish summary in a local newspaper: USD 25-120. Notarize the application forms: USD 42. Registration with the Tax Administration and the Social Security Bank: 1.5% of capital. Declaration of Directors Board: USD 110. Register payroll at the Ministry of Labor: USD 35.

Business setup procedures: In order to set up a Public Limited Company or a Private Limited Company, founders must subscribe a deed which contains the company's status. Then, a notary has to certify the deed's signatures and register it in his protocol.
The competent organization: Company's registration shall be done at the following institutions:
- DGI (Direccion general impositiva) (General Tax Office)
- BPS (Banco de seguro del Estado) (State Insurance Bank)
- Government ministry of work
- Government ministry of education and culture at the register of the legal representatives of the commercial section.

Working conditions

Legal weekly duration: The standard workweek is 44 hours.
Retirement age: 60
Working contracts: Employment contracts are regulated by Law. Collective agreements in each sector and individual negotiations complement it.
The terms of employment contracts are flexible.

Cost of labor

Minimum wage: 3,000 pesos (USD125)
Average wage: Mean wage (Women): USD 7,203
Mean wage (Men): USD 12,890
Social contributions: Social security contributions paid by employers: 18.5 %.
Social security contributions paid by employees: 24 %.

Social partners

Social dialogue and involvement of social partners: The Unitarian Federation ( PIT-CNT ) is the organization that co-ordinates trade union representatives. It puts pressure on the government.
Unions: PIT CNT Inter-union Workers' Congress; National Workers' Convention.
Unionization rate: 12 %.
Labor regulation bodies: Ministry of work

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