Starting a business in Uruguay

Legal Forms of Companies

Sociedad Anonima is a Public Limited Company

Number of partners: At least two shareholders
Capital (max/min): UYU 923,403. 25% of the capital must be paid up at the moment of incorporation.
Shareholders and liability: Liability is limited to the amount contributed.

Sociedad de Responsabilidad Limitada (SRL) is a Private Limited Company

Number of partners: At least two shareholders, maximum 50
Capital (max/min): UYU 20,531. At the time of the constitution, the partners have to contribute at least 50% of their participation in the share capital.
Shareholders and liability: Liability is limited to the amount contributed.

Sociedad Colectiva (SC) is a general partnership

Number of partners: Minimum 2 partners
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is unlimited for all partners

Sociedad en Commandita Simple (SCS) is a limited partnership

Number of partners: Minimum 2 partners
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is limited for sleeping partners, unlimited for managing partners

Business Setup Procedures

Source: Doing Business - Latest available data.