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flag Uruguay Uruguay: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Sociedad Anonima Commun is a Public Limited Company.
Number of partners: No minimum
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is limited to the amount contributed.
Sociedad de Responsabilidad Limitada (SRL) is a Private Limited Company.
Number of partners: No minimum
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is limited to the amount contributed.
Sociedad Colectiva (SC) is a general partnership.
Number of partners: Minimum 2
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
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is limited for all partners
The Competent Organization
Company's registration shall be done at the following institutions:

 

- DGI (Direccion general impositiva) (General Tax Office);
- BPS (Banco de seguro del Estado) (State Insurance Bank);
- MTSS (Government ministry of work);
- MEC (Government ministry of education and culture at the register of the legal representatives of the commercial section).

 
Setting Up a Company Uruguay Latin America & Caribbean
Procedures (number) 5.0 9.0
Time (days) 7.0 53.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Uruguay.
Department of Public Registers

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The Active Population in Figures

201120122013
Labor force 1,677,0001,691,0001,700,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -64.10%65.60%
Men activity rate 75.50%76.60%76.50%
Women activity rate 53.80%55.40%55.60%

Source: UN - United Nations

 

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Working Conditions

Legal Weekly Duration
The standard workweek is 44 hours.
Retirement Age
60
Working Contracts
Employment contracts are regulated by Law. Collective agreements in each sector and individual negotiations complement it.
The terms of employment contracts are flexible.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
UYU 6,000 per month (source: ILO, 2011).
Average Wage
Gross average monthly wage of men: UYU 18,819 (source: ILO, 2011);
Gross average monthly wage of women: UYU 14,151 (source: ILO, 2011).
Social contributions
Social Security Contributions Paid By Employers: 18.5%.
Social Security Contributions Paid By Employees: 24%.

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Social Partners

Social Dialogue and Involvement of Social Partners
The Unitarian Federation ( PIT-CNT ) is the organization that co-ordinates trade union representatives. It puts pressure on the government.
Unions
PIT CNT Inter-union Workers' Congress; National Workers' Convention.
Unionization Rate
12%.
Labor Regulation Bodies
Ministry of work

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Last Updates: October 2014