Business
Uruguay — The S.A. and S.R.L. (Uruguay's Limited-Liability Entities)
A Uruguayan LLC (SRL) has no minimum or maximum capital, 2 to 50 partners with no nationality restrictions, and partner liability limited to contributions.
VerifiedGovernment / official sourceUruguay XXI Investor's Guide, Setting up a companyLast reviewed: 2026-10-26
Key facts
- There are no minimum or maximum capital requirements for an LLC.
- An LLC may have 2 to 50 partners, who can be legal entities with no nationality restrictions, and may remain active provisionally with one partner.
- Liability is limited to capital contributions, except for wage debts and corporate income tax (IRAE) debts.
- Transfers to third parties need unanimity with 5 or fewer partners and 75% approval with more than 5.
- The guide notes the LLC was the most common form for small businesses until the Simplified Joint Stock Company (SAS) arrived.