Frequently Asked Questions
This is a list of questions frequently asked by our customers and general visitors to aid you in your business operation. If you have a question that is not answered in this list, do not hesitate to contact us.
Do you have already made Companies?
Yes. To see them go to Companies on the Navigation Menu on the right side of the page. Don´t forget to ask for our financing plan of up to 12 payments for Uruguayan customers.
Can you make a Company with a given name?
Yes, you can open a Company with the name of your choice, if there is no other Company with the same name.
To do this, you must contact us asking for an evaluation. Within 24 hours we can answer if its available and book the name for 30 days.
Which Regulations are applied to Companies in Uruguay?
To see them go to Companies on the Navigation Menu on the right side of the page.
How much do the Companies cost?
To see it, go to Prices on the Main Menu, to the right of the page Don´t forget to ask for our financing plan of up to 12 payments for Uruguayan customers.
Definition: Limited Liability Company
An enterprise with ownership interests divided in shares of equal value known as quotas, formed for any commercial purpose, and owned by no more than the number of members permitted by law (usually 50 or fewer). Liability of members for enterprise obligations is limited to the amount stated in the enterprise contract.
Texto original: wikipedia.org.
Definition: Holding
A Holding Company is a company that owns part, all or a majority of other companies outstanding stock. It usually refers to a company which does not produce goods or services itself, rather its only purpose is owning shares of other companies. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies. Eighty percent or more of voting stock must be owned before tax consolidation benefits such as tax-free dividends can be claimed. This term is used in Uruguay in reference to the whole conglomerate formed this way.
Holdings can be considered a form of enterprise integration, with all consequent benefits, but are also created when a capital group acquires diverse assets and companies just looking for separate profitability and not activity integration. Antitrust laws may restrict this practice.
There are holdings created through banks and other financial entities, holdings from family estates and also holdings conformed by sate enterprises.
More information: wikipedia.org.
Definition: Duty Free Zone
Many countries have or have had in a time designed places where companies are exempted of any or even all taxes to promote development or for other reasons. This are known as Free Trading Zones or Duty Free Zones.
Sometimes they are called free ports, referring to the free ports known for a long time: ports free of custom taxes or with favourable tax regulations.. Often free ports are part of duty free zones.
More information : wikipedia.org.
Definition: Foundation
A Foundation is a non-profit organization. European foundations differ from American foundations. A foundation under USA law allows for high salaries, allows profit from work and has taxation benefits.
It´s defined as a not-for-profit organization whose objectives aim to general and not particular interests, and has an Estate as a mean to fulfil those objectives.
The lack of profit intent is to be understood as an inability to share profits, but it can have a surplus that in any case should be assigned to objectives in future fiscal years or to increase the foundation's estate in an amount allowed by law.
Foundations are private legal entities but can belong to the public sector when created (and therefore their foundational funding assigned) by an administrative agency empowered to do it.
More information : wikipedia.org.
Frequently Asked Questions |
* Definition: Public Limited Company
* Public Limited Companies available within 24 hours
* Holdings Bylaws in Uruguay
* Resume - Ec. Roberto Larrañaga
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