...........................................................................................................................................................................................................................................................


............................................................................................................................................................................................................................................................................
SAFI (Sociedad Anonima Financiera de Inversión also called the "Uruguayan holding company")

SAFI's have been in existence since 1948. This gives more than 50 years of usage of this type of entity consequently resulting in confidence in this Uruguayan offshore vehicle.



TAXATION

SAFIs are only subject to an annual tax (0.3%) on their capital and reserves and are exempted from all other taxes regarding income etc.

SHAREHOLDERS

SAFIs only need one shareholder whose details do not appear on the public file.  Registered or bearer shares can be issued.

DIRECTORS

A minimum of one Director is required and corporate Directors are permitted.  Local Directors are not required.  Changes of Directors must be registered and communicated to government offices but they do not appear on the public file.

ANNUAL REPORTING

Company books and accounting information must be kept at the registered address. Balances should be presented annually (they are not required to be audited) but you can present more than one balance together, paying certain penalties in respect of delayed payment.

TIMESCALE

Incorporation of a new company can take 6/8 weeks but ready-made companies are available for immediate use.

 
Copyright © 2006 ICS Group - The International Company Services - Limited group