1. Introduction On July 15, 2021, Uruguay enacted the Law on Benefit Corporations and Trusts of Collective Interest (the “Law”), whose central purpose is to regulate the incorporation and operation of benefit corporations and trusts (referred to, as applicable, as “BIC companies” or “BIC trusts”). This legislative innovation allows for…

I. Key Features to Consider The main factors that make Uruguay and Uruguayan corporations attractive when planning offshore, regional, or international business operations include: full freedom for the movement of funds and foreign exchange; a sound financial system with strong banking secrecy; and the existence of corporations with bearer shares,…