Uruguay: specialized advice on Migrations, Taxes, Double taxation avoidance agreements, Social security agreements
There is a continuous flow of investments to Uruguay from all continents. These companies temporarily bring in management personnel, technicians, professionals, etc. They must necessarily regularize their documentation in Uruguay to be able to work within the framework of current legislation..
The main migratory figures are the following:
- For a stay of less than 180 days they obtain the Provisional Identity Sheet,
- Temporary legal residence is managed for stays longer than 180 days being valid for two years extendable to another two,
- They can request definitive legal residence from the previous one or at the beginning if they express their willingness to reside permanently in Uruguay,
- The Mercosur residency is recently applied after the approval of the law enabling it to be obtained by Argentine nationals., Brazil, Paraguay and associated states (Chile, Bolivia, Ecuador, Venezuela).
- A study of each case is required to recommend which status to request.. The requirements for documents to be presented vary depending on the figure., see ej. For Mercosur residency it is not necessary to demonstrate means of living.
Based on the immigration and employment status, advice is given on the correct taxation of natural persons. (IRPF-income for individuals, IRNR-non-resident income), whether in national territory or in free zones.
The Zak Studio (International Consulting Group of Uruguay SRL) can also advise on the application of double taxation avoidance agreements and regional or inter-country social security agreements..
