For up to date Information visit this link: https://www.bizlatinhub.com/enter-market-professional-employer-organisation-peo-uruguay/ Uruguay is home to a vast array of attractive business sectors, and the country has a highly educated local population. These two factors create an enticing business environment for foreign companies looking to establish operations in the region.

1. Recruitment & Hiring
Requirements in
Uruguay
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2. Key Considerations: Employment
Find below some of the key considerations that should be taken into account before contracting staff in Uruguay.
Max employer contribution is
23.125%
Total cost of employment
• Pension contribution
• Health insurance social security
• Unemployment insurance
• Work related injures and/or illnesses coverage
• Special leave (maternity, study, death of a relative, marriage, etc.)
Employee benefits
Yes,
3 months maximum
Is there an employee
probation period?
1.66 days of vacation per
month worked.
Vacation
entitlement
Employers - they must also
pay employee’s social security
Who manages withholding
tax?
Yes
Can expatriate staff be
hired?
Yes
Do staff need a local
employment contract?

3. Through a local
legal entity
Through a PEO solution:
Professional Employer
Organization
Pathways to hiring staff

4. Advantages:
• Greater control of your employees
• Better knowledge of local market, laws and
regulation
• Viewed more positively than a PEO solution
Disadvantages:
• High set-up/ongoing costs
• Administration involved in managing a
local company
• Accounting and tax obligations
Forming a Legal Entity in Uruguay
In Uruguay, there are (2) main types of legal entities: Corporations (S.A) and Limited Liability Company (SRL)

5. Advantages:
• You can operate without forming and
maintaining a local entity
• Limited legal responsibility
• Cost-effective way to convert
international contractors into employees
Disadvantages:
• The PEO becomes a co-employer
• Loss of control
• Costs involved with PEO services
• Compromised company culture
Professional Employer Organisation
International PEO is a method to employ staff without having your own company

6. Biz Latin Hub is a market leader in
helping individuals and companies to
successfully do business globally and has
multilingual services that are reliable,
tailored and responsive.
Our group is owned and managed by an
experienced team of local and expat
professionals, dedicated to assisting our
clients to navigate their way through the
complexities of the global business
environment.
We can help!

7. See how our services can support
your global expansion.
Legal Services
Accounting
& Taxation
Immigration

8. Are you ready to expand globally?
Contact us now.
contact@bizlatinhub.com
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