The recommendation is to begin by searching and reserving the name before the National Internal Audit Office (AIN), although this is not a mandatory step. This is done to ensure that the name to be used is not the same as that of another existing company.
Up to three (3) names may be searched and the reservation will be valid for sixty (60) days for use in a corporation.
The AIN must approve the bylaws. This can occur in one of the following ways:
a) Using one of the five (5) standardized bylaws
A notary public must draft the bylaws. They will also be in charge of drafting information on the head office, board of directors and of informing the Central Bank of Uruguay (BCU) who the final beneficiary is.
After the publication has been made, a notary must present the sworn declaration to the Central Bank of Uruguay (BCU), before the register of equity participation holders.
This is a necessary requirement to finalize the company creation process.
This procedure corresponds to the Incorporation and Registration of a Simplified Stock Corporation (SAS), in its digital version in accordance with Article 11 Law N°19,820 and Articles 1 and 2 Decree N°399/019 whose partners, administrators and representatives are solely individuals.
In this version of the online procedure you can register corporations of up to 6 partners and add up to 3 administrators and representatives who may or may not be partners (a total of 9 individuals), with a single or multi person regime. If the administration is handled by multiple people, the representation may be exercised by any and all designated people, solely or jointly.
The activities to be carried out by the corporation cannot include agricultural and livestock activity.
The founding partners must execute a social contract that must be registered in the National Registry of Commerce (RNC) General Registry Office.
At this stage, a notary public must be present, who will also be responsible for informing the final beneficiary to the Central Bank of Uruguay (BCU).
The recommendation is to begin by searching and reserving the name before the National Internal Audit Office (AIN), although this is not a mandatory step. This is done to ensure that the name to be used is not the same as that of another existing company.
Up to three (3) names may be searched and the reservation will be valid for sixty (60) days for use in a corporation.
The AIN must approve the bylaws. This can occur in one of the following ways:
a) Using one of the five (5) standardized bylaws
A notary public must draft the bylaws. They will also be in charge of drafting information on the head office, board of directors and of informing the Central Bank of Uruguay (BCU) who the final beneficiary is.
After the publication has been made, a notary must present the sworn declaration to the Central Bank of Uruguay (BCU), before the register of equity participation holders.
This is a necessary requirement to finalize the company creation process.
This procedure corresponds to the Incorporation and Registration of a Simplified Stock Corporation (SAS), in its digital version in accordance with Article 11 Law N°19,820 and Articles 1 and 2 Decree N°399/019 whose partners, administrators and representatives are solely individuals.
In this version of the online procedure you can register corporations of up to 6 partners and add up to 3 administrators and representatives who may or may not be partners (a total of 9 individuals), with a single or multi person regime. If the administration is handled by multiple people, the representation may be exercised by any and all designated people, solely or jointly.
The activities to be carried out by the corporation cannot include agricultural and livestock activity.
The founding partners must execute a social contract that must be registered in the National Registry of Commerce (RNC) General Registry Office.
At this stage, a notary public must be present, who will also be responsible for informing the final beneficiary to the Central Bank of Uruguay (BCU).
