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02. Fiscal Law
Corporate Fiscal Law.
Family Businesses Fiscal Law.
Non-Profit Organizations Fiscal Law.
Natural Persons Fiscal Law.
International Fiscal Law.
Real Estate Fiscal Law.
Artists and Sportspeople Fiscal Law.
Tax planning of financing operations.
Foreign Investment Planning in Uruguay and the Region.
Uruguayan corporations
Corporations in Uruguay are known for the freedom to move
funds and currencies, a good financial system and strong bank
secrecy laws. In addition to this, corporations are run by
a board of directors elected by the shareholders who own bearer
shares and whose identities remain unknown.
Uruguayan corporations are created to carry out activities
in Uruguay but also to carry out activities abroad based on
the principle of jurisdiction which means that taxes are not
levied if the corporation does not collect moneys or generate
revenue in Uruguay.
Bearer shares enable the corporation to own property and sell,
lease, transfer or otherwise dispose of it.
Duty-Free Zone Companies
The Duty-Free Zones Act (Nº 15.821) passed by Parliament
in 1987, controls these special economic areas which offer
customs and fiscal exemptions and are excluded from the jurisdiction
of State monopolies.
The users of Duty-Free Zones may carry out any kind of commercial,
industrial and services activities, which are exempt from
paying any national tax "in force or to be created".
The following are the activities they can basically carry
out:.
Pueden básicamente desarrollar las siguientes actividades:
Trade, storage, fractioning, mixture, assembly and disassembly
and other operations which do not involve
the industrialization
of goods or raw materials.
Set-up and operation of manufacturing establishments.
Professional, financial, IT and repair and maintenance services.
The payment or collection, purchase or sale, regarding any
commercial transaction carried out in a Duty-Free Zone does
not require participation of the Uruguayan economic authorities.
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