At Carlos Picos Consulting, we accompany your project and maximize its tax benefits in Uruguay.
We have a multidisciplinary team specialized in the presentation of investment projects before COMAP, under the investment promotion regime established by Law 16.906.
We offer a comprehensive service that includes strategic planning and technical project drafting, complete management with government agencies, and securing available tax exemptions.
Our approach combines legal, accounting, and tax expertise with a deep understanding of regulatory requirements and the opportunities provided by Uruguay’s investment promotion system.
Whether you represent a domestic or foreign company, or are evaluating establishing operations in the country, we help you structure and present your investment effectively, securely, and optimized to achieve maximum benefit.
Carlos Picos Consulting Service for the Presentation of Investment Projects
Initial diagnosis and feasibility assessment
- Analysis of the type of investment, sector, and potential eligibility under the promotional regime.
- Preliminary estimation of possible tax benefits (exemption from IRAE, VAT, IP, fees, etc.).
Project Design and Structuring
- Drafting of the technical presentation document for submission to COMAP (OPP).
- Definition of the investment timeline, employment targets, linkages, innovation, and other key indicators.
- Selection of the most advantageous legal framework (Decree 143/018, 268/020, sector‑specific regimes, etc.).
Legal and Corporate Advisory
- Incorporation of companies or adaptation of existing structures (SAS, SA, SRL, foreign branches).
- Drafting of contracts, powers of attorney, and other necessary legal documents.
- Coordination with notaries and public notaries if required.
Accounting and Tax Support
- Advice on the accounting valuation of the eligible investment.
- Preparation of financial projections and cash flow statements to underpin the project.
- Support in identifying depreciable assets, tax‑exempt goods, and allocations affecting IRAE taxation.
Submission to Competent Authorities
Formal submission to the Application Commission (COMAP) of the Ministry of Economy and Finance.
Coordination of the entire process with the evaluating agencies.
Follow‑up on the file until the issuance of the Promotional Declaration Resolution.
Management of Tax Benefits Once the Project Is Approved
- Processing of exemptions with the General Tax Directorate (DGI) and other relevant agencies.
- Monitoring of the validity periods of tax benefits (IRAE, IP, fees, etc.).
- Preparation of compliance reports to maintain eligibility for the tax benefits.
Post‑Approval Support
Compliance reporting on the project’s goals and commitments (e.g. employment generated).
Review and update of the project in case of modifications or expansions.
Assistance in response to audits or requests from COMAP or the DGI.
At Carlos Picos Consulting, we can help you evaluate your investment project and manage its submission and follow‑up.
Our specialists will analyse your case to prepare and present your project in the most efficient way for your company. Get in touch with our experts. Arrange a free consultation with our team.
Learn About the Key Benefits for Investment Projects in Uruguay
