Montevideio, Uruguay

The Free Trade Zones in Uruguay

By Diego Lasalvia and Ana Fernández, CARLE & ANDRIOLI Contadores Públicos

The Free Zones continue to be attractive to many international or local companies which establish operations here to provide global services and conduct commercial or industrial activities, highlighting regional logistics operations.

The country is betting on the development of the Free Trade Zones to bolster the integration of Uruguay into the dynamics of international trade of goods and services and investment flows. Currently, Uruguay has 11 Free Zones with different specialisations.

Users operating in a Free Zone are authorised to develop activities in services, commerce, or industry, such as financial services, professional services, advice and consultancy, informatics, BPO, warehousing, storage, conditioning, selection, classification, fractionation, arming, disarming, handling, mixing of goods or raw materials of national or foreign origin, and installation and operation of manufacturing factories.

The Free Zone regime guarantees an exemption general and total of all national taxes. The only exception to the tax exemption is the payment of contributions to social security for local labour. Foreign workers are not obliged to contribute to the Uruguayan social security system.

At least 75% of staff must be Uruguayan citizens (natural or legal). For service companies, it is possible to decrease this percentage to 50% of the payroll.

The user must constitute a company with a specific and unique objective to operate as a FZ user. It may be a Public Limited Company or a Company Simplified Stock Company or a Company Limited Liability local, or even a subsidiary of a foreign company.


Diego Lasalvia

Diego Lasalvia

GGI member firm
CARLE & ANDRIOLI Contadores Públicos
Advisory, Auditing & Accounting, Corporate Finance, Tax
Montevideo, Uruguay
T: +598 24019911
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
W: carle-andrioli.com.uy

CARLE & ANDRIOLI Contadores Públicos was established in 1991 and became an independent member of GGI in 2001. It offers consulting, audit, tax and accounting advisory services. The firm currently has 40 employees and provides services to companies in the industrial, agricultural, commerce and services sectors. Since 2010 all services provided have been certified according to the ISO 9001:2015 norms by UNIT and the Spanish Association for Standardization and Certification (AENOR).

Diego Lasalvia is an accountant at Carle & Andrioli. He is a Public Accountant with a degree from Catholic University of Uruguay.
Ana Fernández

Ana Fernández

GGI member firm
CARLE & ANDRIOLI Contadores Públicos
Advisory, Auditing & Accounting, Corporate Finance, Tax
Montevideo, Uruguay
T: +598 24019911
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
W: carle-andrioli.com.uy

Ana Fernández is an accountant at Carle & Andrioli. She is a Public Accountant with a degree from Universidad de la Republica, Uruguay. In addition, she is currently pursuing a postgraduate degree in taxes.
   


Published: International Taxation Newsletter, No. 15, Autumn 2021 l Photo: Curioso.Photography - stock.adobe.com

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