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ARTICLE · 10 AUGUST 2016

Uruguay's Free Trade Zones

Uruguay offers Offshore Companies: Known as Sociedades Anónimas, SAs, whose foreign assets, and income generated abroad, are untaxed.

UruguayInternational Law
Fischer & Schickendantz
Fischer & Schickendantz

Uruguay offers Offshore Companies:

  • Known as Sociedades Anónimas, SAs, whose foreign assets, and income generated abroad, are untaxed

And it also offers Free Trade Zones:

  • Geographic areas in which companies have local operations, and are exempted them from all taxes, even import duties

Uruguay's Free Trade Zones

  • Free Trade Zones (FTZs) are specific geographic areas with a special regulatory status: Companies that operate within them face no taxation
  • Uruguay has a dozen FTZs to choose from, in different parts of the country (near airports, ports, inland, or in Montevideo's business district)

Are there any special requirements?

  • The only requirement that a FTZ user company has, is that 75% of its workforce must be Uruguayan nationals (although exceptions can be obtained, lowering the requirement)

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