Services · Business accounts

Business accounts: Uruguay

An honest assessment before work starts, the quote is fixed in writing.

We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, so no one can guarantee an opening - careful preparation simply improves the odds.

We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.

Fees

Service	Price
Corporate account - opening assistance	on request

Prices are indicative and cover our work on a typical case. We confirm the exact quote in writing after a short call - you know the final number before we start. Government fees and bank tariffs are billed separately unless explicitly included.

FAQ

Can a foreign company open a bank account in Uruguay?

Banks strongly prefer a Uruguayan company with a local tax number and genuine activity in the country. Accounts for purely foreign entities are rare and go through enhanced due diligence, so most clients incorporate locally first.

Do I need a local director or address?

A non-resident director is legally possible, but the bank expects a local representative or signatory, a Uruguayan address and a plausible operational link to the country. Foreign documents normally need an apostille and a Spanish translation.

What does the bank ask a company for?

Ownership chain up to the beneficial owner, origin of capital, tax filings, a description of the business and its counterparties, and expected turnover by currency. Expect follow-up questions rather than a single document handover.

How long does it take?

Usually several weeks. Most of that time goes into apostilles, translations and the bank's internal compliance review rather than the branch paperwork.

Business accounts: Uruguay

Fees

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FAQ

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