Simplified joint-stock companies
Start your S.A.S. company in Uruguay
What is a Simplified Joint-Stock Company?
Simplified joint-stock companies (known in Spanish as “SAS”) were introduced
in 2019 through the Law for the Promotion of Entrepreneurship (No. 19.820).
This company type was incorporated into our legal system to keep pace with
the development of current markets, following the model of other Latin
American countries such as Argentina, Colombia, Chile, Ecuador, and Peru.
It is important to note that the Law on Commercial Companies (No. 16.060) has
been in force for more than 30 years and has never undergone significant
amendments to bring it in line with the requirements of modern markets.
We are a multidisciplinary team specialized in business consulting. We have
professionals in the legal, notarial, and accounting areas to provide a
comprehensive service designed to help boost your business in Uruguay.
Schedule a consultation with our professionals to address any questions you
may have. We will inform you about the alternatives available in the market
and their advantages and disadvantages.
What do we offer?
- Incorporation of simplified joint-stock companies.
- Sale of pre-incorporated SAS companies.
- Tax administration for SAS companies.
- Legal representation in the country.
- Company closures and other proceedings with government authorities.
- Corporate advice by experienced professionals.
Simplified joint-stock companies in Uruguay
Differences between stock corporations,LLCs, and SAS
This article aims to explain to the reader the main differences in the regulation of limited liability companies (LLCs), stock corporations (SA), and the new simplified corporations or simplified joint-stock company (SAS), introduced by the recent “Law for the Promotion of Entrepreneurship” No. 19.820. The objective is to provide the reader with a comparative understanding of the main characteristics of each company type, enabling them to select the one that best suits their operations or business project. 1. ⏳ Term 2. 🎯 Corporate Purpose 3. 👥 Number of Members or Shareholders 4. 💰 Capital Contributions 5. 🗳️ Vote per Share and Share Premium 6. 🔄 Transfer of Shares 7. 📍 Venue of the Members’/Shareholders’ Meeting 8. 🚫 Exclusion of Members or Shareholders 9. 📜 Enforceability
“Characteristics of Simplified Joint Stock Companies (S.A.S.) in Uruguay”
Simplified joint-stock companies (known in Spanish as “SAS”) were introduced in 2019 through the Law for the Promotion of Entrepreneurship (No. 19.820). This company type was incorporated into our legal system to keep pace with the development of current markets, following the model of other Latin American countries such as Argentina, Colombia, Chile, Ecuador, and Peru. It is important to note that the Law on Commercial Companies (No. 16.060) has been in force for more than 30 years and has never undergone significant amendments to bring it in line with the requirements of modern markets. The main features that distinguish the SAS from other corporate forms are: