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Montevideo – Uruguay estudiorda

Montevideo – Uruguay www.estudiorda.com. Estudio RDA is a medium-sized traditional law firm that basically provides legal services to markets in Latin America and Europe and which in the last 30 years has specialized in tax planning. Our main services are: legal advising accounting

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Montevideo – Uruguay estudiorda

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  1. Montevideo – Uruguay www.estudiorda.com

  2. Estudio RDA is a medium-sized traditional law firm that basically provides legal services to markets in Latin America and Europe and which in the last 30 years has specialized in tax planning. • Our main services are: • legal advising • accounting • notarial • auditing • outsourcing • fiduciary • real estate (urban and rural) • Our firm is formed by lawyers, accountants and notaries who pride themselves on the professionalism of their work.

  3. GEOGRAPHICALLOCATION URUGUAY Uruguay is located in the southeastern part of South America. The country is bounded in the east by the Atlantic Ocean with 650 km of coastline. Uruguay is well known for its natural resources, vast prairies, wildlife and rich multicultural history.

  4. FACTS ABOUT URUGUAY • Independent since 1830 • Capital: Montevideo • Area: 177,000 km2 • Population:3,300,000 (2011) • Language: Spanish • Government: Democratic Representative Republic • Literacy:98.3% • GDP per capita – USD 15,000

  5. URUGUAY AS A FISCAL JURISDICTION Territorial source principle Uruguay has adopted the territorial source principle of taxation with certain exceptions. The different taxes levy income from Uruguayan source, i.e, those which derive from activities developed, assets located or rights used economically in Uruguay. Uruguay has never been a tax heaven.

  6. URUGUAY AS A FISCAL JURISDICTION “Reasonable” rate of taxation Assets, income and dividends outside Uruguay are exempt.

  7. URUGUAY AS A FISCAL JURISDICTION Treaties to avoid double taxation • Treaties in force: • Germany • Hungary • Spain • Mexico • Switzerland • Liechtenstein • Portugal • Treaties pending parliamentary confirmation: • Malta • South Korea • Ecuador • India • Argentina Tax Information Exchange Treaties: • Sweden • France

  8. URUGUAYAN CORPORATIONS (ON SHORE)Governed by Act N°16.060 of Jan. 5, 1990 TAXES The Uruguayan taxation system is governed by the principle of territorial source, thus levying taxes only on activities carried out in the country. GENERAL CHARACTERISTICS • Scope: Uruguay and abroad. • Shares: Bearer and registered shares. • Board of Directors: can be formed by a single director, either a physical or legal person, resident or non-resident. • Agents: appointed by the Board of Directors and may be revoked at any time.   • Shareholders: there can be a single shareholder, whether a physical or legal person, resident or non-resident

  9. TRADING OPERATIONS DIAGRAM COUNTRY A EXPORTER COUNTRY B PURCHASER (Country of destination) Goods, securities or services TRADING COMPANY On Shore – Uruguay In these trading operations Uruguayan companies only pay a rate of 0.75% on net profits and shareholders 0.21% on dividends. Only 3% of profits are taxed at a regular rate of 25%.

  10. FREE TRADE ZONES OPERATIONS IN AND FROM FREE TRADE ZONES ARE TAX EXEMPT • Professional, financial, banking and IT services • Storage and Fractioning of goods • Trading of goods and services

  11. THANK YOU !! Montevideo – Uruguay www.estudiorda.com

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