Sociedad por Acciones Simplificada S.A.S.Uruguay
What it takes to form, own and run a private limited company in Uruguay, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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sus accionistas no ser谩n responsables por las obligaciones sociales, m谩s all谩 del monto de sus respectivos aportes
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La representaci贸n legal de la sociedad estar谩 a cargo de una o m谩s personas f铆sicas o jur铆dicas, designadas en la forma prevista en los estatutos.
The registry鈥檚 and the law鈥檚 own pages do not mention it.
The registry鈥檚 and the law鈥檚 own pages do not mention it.
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A todos los efectos tributarios, incluyendo el gravamen sobre la distribuci贸n de utilidades, las sociedades por acciones simplificadas tendr谩n el mismo tratamiento otorgado a las sociedades personales.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry鈥檚 and the law鈥檚 own pages do not mention it.
- Formed online
- Yes
What it takes to form
- A notary
- Not required
- A resident director
- Not stated
The registry鈥檚 and the law鈥檚 own pages do not mention it.
- Paying up the capital
- At incorporation at least 10% of a cash contribution must be paid in; full payment within 24 months.
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deber谩 integrarse un m铆nimo del 10% (diez por ciento) del capital social si la integraci贸n fuera en dinero
Own it
Who may own and run it
- Directors
- At least 1 路 a company may be one
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La representaci贸n legal de la sociedad estar谩 a cargo de una o m谩s personas f铆sicas o jur铆dicas, designadas en la forma prevista en los estatutos.
- Shareholders
- At least 1 路 a company may be one
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una persona jur铆dica distinta de una sociedad an贸nima
- Members
- At least 1 路 one person may form it alone
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La sociedad por acciones simplificada podr谩 constituirse por una persona f铆sica
- A local company secretary
- Not stated
The registry鈥檚 and the law鈥檚 own pages do not mention it.
- A local registered agent
- Not stated
The registry鈥檚 and the law鈥檚 own pages do not mention it.
Each year, at the registry
- Annual registry fee
- Not stated
The registry鈥檚 and the law鈥檚 own pages do not mention it.
- Accounts on the public record
- Small exempt
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las sociedades por acciones simplificadas (SAS), deber谩n registrar sus estados contables
- Audit for a small company
- Not stated
The registry鈥檚 and the law鈥檚 own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Pay in at least 10% of the capital in cash at incorporation, and the full subscribed capit
- 24 months after incorporation
Art. 15 of Ley 19.820: at least 10% paid in at the act of constitution and full integration within 24 months. The article gives the maximum period, not its start; the rule here counts the 24 months from registration, which is a reading of the article and not its words.
What is public
- Directors
- Public
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Todo nombramiento de representante legal por acto distinto del contrato o estatuto social, as铆 como su cese o revocaci贸n deber谩 inscribirse en el Registro de Personas Jur铆dicas, Secci贸n Registro Nacional de Comercio.
- Beneficial owners
- To the authorities only
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Todo nombramiento de representante legal por acto distinto del contrato o estatuto social, as铆 como su cese o revocaci贸n deber谩 inscribirse en el Registro de Personas Jur铆dicas, Secci贸n Registro Nacional de Comercio.
Tax
Tax on profit
How this company type is taxed, which can differ from its place鈥檚 headline rate.
Flat 路 25%+2 regimes
IRAE at 25% of net taxable income; for all tax purposes an SAS is treated as a sociedad personal (Ley 19.820 art. 42; Titulo 4 TO 1996 arts. 12, 20 and 23)
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A todos los efectos tributarios, incluyendo el gravamen sobre la distribuci贸n de utilidades, las sociedades por acciones simplificadas tendr谩n el mismo tratamiento otorgado a las sociedades personales.
Work it out on a profit figure: the company鈥檚 tax, the owner鈥檚, and what is left.
Special regimes that may apply
- Exenci贸n de tributos nacionales a los usuarios de zonas francas free zone 路 100% exempt
Free zone users, for activities carried on within the free zone under their authorisation Ley N掳 15.921, art铆culo 19 - Exoneraci贸n de IRAE a la producci贸n de soportes l贸gicos y servicios vinculados ip box
Producers of software registered under copyright rules, and providers of related development services carried out in national territory, meeting cost and staffing conditions Ley N掳 19.637 de 13 de julio de 2018, modificando el art铆culo 52 del T铆tulo 4 del Texto Ordenado 1996; reglamentada por el Decreto N掳 244/018, que agrega los art铆culos 161 bis, 161 ter y 161 quater al Decreto 150/007
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Uruguay
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Dissolution on a cause in art. 159 of Ley 16.060, applied to the SAS by art. 38 of Ley 19.820 (except the reduction to one partner) (decision of the partners under the company type, expiry of the term, achievement or impossibility of the object, losses reducing equity below a quarter of paid-in capital, and others), then liquidation; once the final balance and distribution project are approved and assets distributed (art. 180), the liquidators file a declaration closing the company's activity with the DGI and the BPS, declaring all liabilities extinguished, and the DGI informs the DGR so that the registration is cancelled ex officio (art. 181 of Ley 16.060, applied by art. 40 of Ley 19.820, with the administrators or a person named by the shareholders' assembly acting as liquidators).
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Las sociedades por acciones simplificadas se disolver谩n por las mismas causales previstas en el art铆culo 159 de la Ley N掳 16.060, de 4 de setiembre de 1989, con excepci贸n de la previsi贸n contenida en el numeral 8).
- Statutory fee
- Not in our records
Every business in Uruguay
VAT
- Standard rate
- Not in our recordsThe tax authority鈥檚 pages have not been read for Uruguay.
Payment and banking services
None of the services whose lists we hold names Uruguay. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Sociedad por Acciones Simplificada (S.A.S.)
- ISO 20275 code
- 32J9Secondary GLEIF, Entity Legal Forms code list