Uruguay
Make employment in Uruguay easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Uruguay, all in one easy-to-use platform.
- Capital City
Montevideo
- Currency
Uruguayan peso ($U, UYU)
- Languages
Spanish
- Population size
3,518,552
Facts & Stats
- Capital City
Montevideo
- Currency
Uruguayan peso ($U, UYU)
- Languages
Spanish
- Population size
3,518,552
- Ease of doing business
Medium
- Cost of living index
51.09 (2021)
- Payroll frequency
Bi-Monthly/Monthly
- VAT - standard rate
22%
- GDP - real growth rate
0.2% (2019)
The Oriental Republic of Uruguay (Spanish: República Oriental del Uruguay) is a democratic constitutional republic that boasts the 12th largest GDP in the Latin Americas, unrivalled levels of democratic freedom, press freedom, political stability, economic equality, and per capita income in South America.
With economic equality and poverty declining while GDP continues to rise, Uruguay is home to a developed workforce where enterprising businesses can expand to, with a positive economic outlook for the foreseeable future.
Grow your team in Uruguay with Remote
Want to hire employees in Uruguay? Companies hiring in Uruguay are typically required to either own a local legal entity or work with a global employment platform like Remote that can legally provide employment services in the country.
Remote can employ team members in Uruguay and keep you compliant at all times. Remote can hire, onboard, and pay your Uruguay team so you don't have to set up local HR services in the region. Remote also makes it easy to pay contractors in Uruguay. now to get started or talk to an expert for more details.
Risks of misclassification
Uruguay, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Uruguay may lead to fines and penalties for the offending company.
Employing in Uruguay
Uruguay adheres to labor standards spelled out in the Constitution, several government edicts, and International Labor Organization statutes that are designed to provide employee protections and secure workers’ rights for Uruguay’s workforce of 1.6 million.
Common questions that could come up during the hiring process include minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Uruguay.
Minimum Wage
The minimum wage increased by 5.5% as of January 2024 to $22,268 per month.
Payroll Cycle
For customers of Remote, all employee payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.
Onboarding Time
We can help you get a new employee started in Uruguay fast. The minimum onboarding time we need is only 5 working days.
13th Salary
In Uruguay, 13th month salary (or just 13th salary) is a bonus payment made to employees that is equivalent to 1/12 of the employee's annual salary, paid by the employer in two installments during a period that runs from December 1 of one year to November 30 of the following year.
The 13th month salary in Uruguay is to be paid in two installments:
June: Corresponding to the amount earned from December 1 through May 30.
December (between the 14th and 23rd): Corresponding to the amount earned from June 1 through November 30.
5 Public holidays
Want to see and manage all holidays? Sign up for our free HRIS!
Effortless HR Uruguay: Take the Tour
Competitive benefits package in Uruguay
At Remote, we’re passionate about helping you craft the best possible employee experience for your team. We are leading the way in developing globally competitive benefits programs. This means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive, and your company has the localized expertise needed to attract and keep the best global talent.
Our benefits packages in Uruguay are tailored to fulfill the local needs of employees. Typically, our packages contain some or all of the following benefits:
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Pension or 401(K)
Life and Disability Insurance
Fair Pricing in Uruguay
Employer of Record
$599
per employee/month
Top features
Hire without opening a local entity
Guided onboarding
Local payroll paid on time, every time
Built-in security and compliance
Flexible, localized benefits
Offer equity incentives with tax assistance
Dedicated experts for local support
Contractor Management
$29
per contractor/month
Top features
Only pay for contractors you actively work with
Work with international contractors
Create, edit, and sign tailored, localized contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Payroll
$29
per employee/month
Top features
Powerful, transparent international payroll
Simple self-service platform
Personalized support from dedicated specialists
Adhere to local payroll regulations in every country
Integrated payroll, expense management, and HRIS solution
Top features
Guided onboarding and offboarding
Employee profile and document management
Contract templates and e-signing
Time off and time tracking
Expense management
Employee and manager self-serve experiencea
Mobile app