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International Desk

Opening of Accounts

Empresas Residentes (Moneda Local)

Minimum documentation required (of the company)

  • Submission of a copy of the "Articles of Association" (and amendments if any) certified by Notary Public on all its pages to be a copy of the original, indicating the Approval and Certificate of registration with the Public Commercial Register.
  • Submission of a copy certified by a Notary Public of the "PUBLICATIONS OF ARTICLES OF ASSOCIATION" (and amendments if any) in the Official and Private Gazette.
  • Submission of copies certified by a Notary Public of the "MINUTES OF DIRECTORS AND ASSEMBLY", indicating the relevant authorities.
  • Photocopy of Certificate of BPS (BPS) - Common Certificate
  • Photocopy of Certificate of DGI (Directorate General of Taxation) - Cert. Single
  • PhotoCopy of the RUT card
  • Photocopy of Identity Document of the holders or Passport
  • Photocopy of Proof of address
  • Communication of the Supplement to the Board in the Public Commercial Register - Law 17,904

Minimum documentation required (of the proxies and signatories)

  • Submission of copies certified by a Notary Public of the "Powers" that the company has granted
  • Submission of a copy of the Passport and/or DNI of the shareholders and directors of the company

Currency

Uruguayan Pesos S (UYU)

Person responsible for the receipt of documents and supplementation of the file

  • Account Executive

Time (days) in which the account is operational*

  • Minimum 5 business days.

Is a local proxy required?

  • No

Does the signature of the opening contract require physical presence? If the answer is NO, what are the alternatives?

  • Si

Other requirements/restrictions

  • NO

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Resident Companies (Foreign Currency)

Minimum documentation required (of the company)

Same as in local currency

Minimum documentation required (of the proxies and signatories)

Same as in local currency

Currency

Dollars, Euros, Yen, Pounds Sterling

Person responsible for the receipt of documents and supplementation of the file

Account Executive

Time (days) in which the account is operational*

  • Minimum 5 business days.

Is a local proxy required

No

Does the signature of the opening contract require physical presence? If the answer is NO, what are the alternatives?

YES

Other requirements/restrictions

NO

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NON-Resident Companies

Minimum documentation required (of the company)

  • Articles of Association or By-laws (and amendments if any)
  • Official Publications
  • Powers (if any)
  • Proceedings of Directors and Shareholders

The above documents should be:

  • Translated into Spanish by a Uruguayan Notary Public or certified authentic by a National Public Translator if it was translated into Spanish in the domicile country
  • Authenticated by a Notary Public
  • Legalised by the Uruguayan Consulate in the place of origin
  • In Uruguay, the signature must be legalised by the Uruguayan Consul of the country of origin, in the Ministry of Foreign Affairs.

Minimum documentation required (of the proxies and signatories)

  • Submission of copies certified by a Notary Public of the "Powers" that the company has granted
  • Submission of a copy of the Passport and/or DNI of the shareholders and directors of the company.

Moneda

Dollars, Euros, Yen, Pounds Sterling

Person responsible for the receipt of documents and supplementation of the file

Account Executive

Time (days) in which the account is operational*

Minimum 5 business days.

Does the signature of the opening contract require physical presence? If the answer is NO, what are the alternatives?

YES

Other requirements/restrictions

No

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