Accounting practices in the Uruguay are set by the International Financial Reporting Standards (PFRS). However, companies regulated by the Central Bank of Uruguay are covered by an industry specific accounting principle.
YourGlobalPro professionals assist you with the entire bookkeeping and accounting services for your Uruguay Business Set up as per your business needs including implementation of financial accounting software, accounting records preparation and time to time preparation of budgets, forecasts.
Statutory audit is required for financial intermediation firms, publicly traded corporations and for free trade zone companies that meet the following: a) has total assets exceeding $585,000 or b) has a total turnover exceeding $2 million.
YourGlobalPro professionals provide you auditing services as required by your business in Uruguay.
Opening an account in a bank is quite easy in Uruguay. The documentation requirement differs from Bank to Bank and need to be complied for the Bank account opening.
The major banks in Uruguay are Bank of the Uruguay Islands (BPI), Banco de Oro (BDO) and Metrobank. All the banks are stable, reliable and offer the same level of services.
YourGlobalPro professionals facilitates all the paper work in relation to banking need and can assist you in opening bank account for your business plan in Uruguay.