URUGUAY AS AN OFFSHORE CENTER
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URUGUAY AS AN OFFSHORE CENTER
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URUGUAY AS AN OFFSHORE CENTER. Why Uruguay? Main Characteristics of Uruguayan Corporations Corporations (SA) Free Zone Corporations (SAZF) Services Provided. URUGUAY AS AN OFFSHORE CENTER. “Switzerland” of America Social and Political Stability Between Argentine and Brazil - PowerPoint PPT Presentation
Transcript of URUGUAY AS AN OFFSHORE CENTER
URUGUAY AS AN OFFSHORE CENTER
URUGUAY AS AN OFFSHORE CENTERURUGUAY AS AN OFFSHORE CENTER
Why Uruguay?
Main Characteristics of Uruguayan Corporations
Corporations (SA)
Free Zone Corporations (SAZF)
Services Provided
WHY URUGUAY?WHY URUGUAY?
“Switzerland” of America
Social and Political Stability
Between Argentine and Brazil
Population with high cultural level
Competitive costs: salaries, etc.
WHY URUGUAY?WHY URUGUAY?
Total freedom to move and exchange funds
Bank Secrecy
Income tax on individuals, only on Uruguayan
income.
No restrictions to foreign investment and repatriation
Good financial, communications and transport
systems.
MAIN CHARACTERISTICS OF MAIN CHARACTERISTICS OF
URUGUAYAN CORPORATIONSURUGUAYAN CORPORATIONS Applicable to SA AND SAZF
Bearer shares: total anonymity of shareholders.
Can have only one shareholder with no liability.
Directors: Uruguayan or Foreigners; resident or not; shareholders or not.
Can have board of directors with only one member.
We can act as shareholders and directors in specific situations.
CORPORATION (SA) CORPORATION (SA)
Activity:
Invest outside of Uruguay in securities or real estate. Commercial activities outside of Uruguay.Render services outside of Uruguay.Can have bank account in Uruguay.
CORPORATION (SA) CORPORATION (SA)
MAIN USES
Trading Operations as intermediary.
Collections and Payments Abroad.
Treasury Centers for the Region.
Owner of trademark or patent.
Investments and loans.
Commissions for sales or services.
CORPORATION (SA) CORPORATION (SA)
TAXES
Net Worth Tax: levied only on assets in Uruguay at
Fiscal Year End. Rate 1,5%.
Income Tax: levied only on income obtained in
Uruguay. Rate: 25%
Tax on profits distribution: levied only if profits are
from income obtained in Uruguay. Rate: 7%
Control Tax on Corporations: U$S 500 annually aprox.
CORPORATION (SA) CORPORATION (SA)
TAXES
Special Regime for International Trading
Operations of Goods or Services
Income Tax Rate: 0,75% levied on the difference
between the buying and selling price and 0,21%
levied on profits distributed.
EXAMPLE OF USEEXAMPLE OF USE
Exporter
SA
Importer
Intermediary in International Trade Operation
Goods/Services 100
Price / Benefit 100 / 20
Exporter ImporterGoods/Serv 80 Goods/Serv 100
Price 100Price 80 Benefit 20
EXAMPLE OF USEEXAMPLE OF USE
LicensorTrademark
SA
LicenseeTrademark
Owner of trademark, patent or other intellectual property rights
Trademark
Royalty 100
Licensor Trademark
LicenseeTrademark
Trademark Trademark
Royalty 100Royalty Benefit 100
FREE ZONE CORPORATION (SAZF)FREE ZONE CORPORATION (SAZF)
SAZF:
Total exemption of taxes, import/export duties. Must be direct or indirect user.
FREE ZONE: Areas designed for industrial, commercial and service activities. Regime guaranteed by Uruguayan State.
FREE ZONE CORPORATION (SAZF)FREE ZONE CORPORATION (SAZF)
MAIN ACTIVITIES
Distribution Centers
Call Centers
Shared Services
Financial Services
Professional Services
Biotechnology
Software.
SERVICES PROVIDEDSERVICES PROVIDED
Start Up Support
Starting the entity selected
Amendmet of Articles of Incorporation
Administration of the corporation Accouting and taxes. Board of directors and shareholders meetings. Filing and payment of taxes.
Cerrito 507 Piso 5Montevideo, Uruguay
Contact: Dr. Luis LapiqueTel: +598(2) 916-6513
E-mail: [email protected]
