Uruguay
25%
Impôt sur les sociétés
5–15 days
Délai de création
No minimum (symbolic amount accepted)
Capital minimum
100%
Propriété étrangère
#101
Facilité des affaires
Uruguay is South America's Switzerland — small (3.5 million people), stable, transparent, with strong institutions and a territorial tax system that exempts foreign-source income from Uruguayan tax. Colonia Free Zone and other free zones offer CT exemptions and are used by international companies for regional holding structures. Uruguay's e-residency-like digital citizenship framework is developing. For founders who want South American presence with maximum stability and a manageable regulatory environment, Uruguay makes a strong case.
- Regional holding structures for South American operations
- Companies prioritising institutional stability over domestic market size
- Tech companies accessing Uruguay's skilled workforce and high internet penetration
- Free zone companies conducting international trade and services
- Founders seeking a territorial tax system with no tax on foreign-source income
Uruguay's domestic market is small — 3.5 million people. It works as a holding and headquarters jurisdiction for regional operations, not as a standalone consumer market destination. The 25% CT rate and 22% VAT mean that companies earning Uruguayan-source income face a meaningful tax burden. The value proposition is strongest for companies with primarily international revenue or operating through free zones.
En un coup d'œil
Structures juridiques disponibles
Aperçu des coûts
Aperçu fiscal
Réalité bancaire
Calendrier: 1–3 weeks
Uruguay has a well-regulated banking sector with strong AML compliance. BROU (state-owned) is the largest bank and generally the most accessible for new companies. Itaú, Santander, and HSBC also operate in Uruguay. Account opening typically requires in-person presence, company documentation, and detailed KYC information. Uruguay has no exchange controls, allowing free movement of funds in and out of the country. Banking in free zones may involve additional documentation requirements.
Visas et immigration
Uruguay offers a residence permit for business owners and investors through the Dirección Nacional de Migración. There is no formal digital nomad visa, but Uruguay's visa-free entry for citizens of most Western countries (90 days, extendable) provides initial access. Tax residency is established after 183 days of presence. Uruguay does not impose exit taxes. The residence-by-investment pathway requires demonstrating economic activity or investment in Uruguay.
Zones franches et ZES
11 zones franches disponibles
Erreurs courantes
Assuming Free Trade Zone benefits apply to domestic sales
Fix: Free zone companies are exempt from all national taxes — but only on activities conducted within the zone and sold outside Uruguay. Sales to the Uruguayan domestic market from a free zone are treated as imports and subject to standard duties and taxes. If you need to serve the local market, you may need a separate onshore entity.
Overlooking the territorial system's documentation requirements
Fix: While Uruguay's territorial system exempts foreign-source income, you must be able to demonstrate that income is genuinely foreign-sourced. Maintain clear documentation of where services are performed, where clients are located, and where value is created. The DGI can challenge the foreign-source characterisation if documentation is insufficient.
Underestimating Uruguay's high cost of living and operations
Fix: Uruguay has the highest per-capita income in South America outside certain Argentine metrics. Salaries, rent, and professional services are significantly more expensive than in Colombia, Peru, or even parts of Brazil. Budget accordingly — especially for staffing costs in Montevideo.
Questions fréquentes
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This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.