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Home > Country profiles > Operating a Business

Uruguay: Operating a Business

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

Setting Up a Company

Legal Business Entities

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Sociedad Anonima Commun is a Public Limited Company. USD 10,000	No minimum Liability is limited to the amount contributed.
Sociedad de Responsabilidad Limitada (SRL) is a Private Limited Company. USD 10,000	No minimum Liability is limited to the amount contributed.
Sociedad Colectiva (SC) is a general partnership. None	Minimum 2 Liability is unlimited for all partners
Sociedad en Commandita Simple (SCS) is a limited partnership. USD 800	Minimum 2 Liability is limited tfor 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)	11.0	9.3
Time (days)	65.0	56.7

Source: Doing Business.

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

The Active Population in Figures

	2010
Labor Force	1,637,000

Source: CIA - The world factbook

	2009	2010
Total activity rate	-	64.10%
Men activity rate	75.50%	-
Women activity rate	53.80%	-

Source: UN - United Nations

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.

Cost of Labor

Minimum Wage: 3,000 pesos (USD125)
Average Wage: Average annual wage (Women): USD 7,203
Average annual wage (Men): USD 12,890
Social contributions: Social Security Contributions Paid By Employers: 18.5%.
Social Security Contributions Paid By Employees: 24%.

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: May 2012

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