🇺🇾 Money and business · Uruguay
Breaking down the payment structure: where the money will come from
290 $
the most common hidden reason things “don’t work out”: status set up, but the payment fails and the account is never opened. We work through it until before the bank refuses — where does your enrollment, which status in your country removes the restriction, and what the bank will ask to see. Opening an account, however, is something nobody does not promise: the decision rests with the bank
Prices are in US dollars and are all-inclusive — nothing is added on top; this is our partner’s rate in Uruguay. The government fee of $240 per person is paid directly. ⚠️ Separate and ongoing: approximately $250 per month in social security and pension contributions for as long as your business is active — this is not a one-off payment but an ongoing obligation, adding roughly $3,000 per year. Accounting services after incorporation are billed separately.
SVOY initial consultation — 100 $, credited toward the cost support. All services and packages in Uruguay
How it works in Uruguay
Accounts are opened by identity document; the banking system is stable and without currency restrictions — a notable difference from Argentina. The thing is is registered with the tax authority DGI and the social security body BPS, and the second is the most commonly forgotten.
What we need from you to get started
- Identity document and address
- Description of activities
- Understanding that registration involves two agencies, not one
Where things most often go wrong
- —Registered with the tax authority and forgot about social insurance — contribution debt accumulates silently
- —Assumed that a Uruguayan company alone confers status
- —Went to the bank without proof of the source of funds
Fees, processing times, and institutional requirements change several times per year, which is why they are not listed here: we verify and quote them as of the date of submission.
Service «Breaking down the payment structure: where the money will come from»
Leave your contact — that’s all we need; we’ll ask the rest ourselves. If you’d like, so we can prepare for the conversation in advance, please specify your request below.
Usually taken together with this
- Sole trader registration and tax enrollmentincluded in permanent residence via sole proprietorshipCompany registration and tax registrationincluded in permanent residence via companyReporting and monthly obligations breakdownincluded in permanent residence turnkeyVisa card from Bakai Bank (Kyrgyzstan) — remotely35 000 ₽Visa card from Aiyl Bank (Kyrgyzstan) — remotely37 000 ₽