Hire your remote team in Uruguay

Rivermate is a global employment solutions company that provides Employer of Record services in Uruguay.

As an employer of record, we help you hire employees and run payroll services in Uruguay, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Uruguay.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Uruguay or individually hire remote employees in Uruguay, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Uruguay services can best help your company!

Uruguay's cost of living is $1090, which is 1.17 times higher than the global average. Uruguay ranked 50th out of 197 countries in terms of cost of living and 52nd in terms of quality of life.

In Uruguay, the average after-tax salary is $670, which is enough to cover living expenses for 0.6 months.

Agriculture, textiles, and leather: Throughout its history, beef and wool have been Uruguay's most important exports. Since Uruguay joined the Mercosur agreement in 1991, beef exports have increased, allowing the country to reach out to more distant markets such as Japan. Wool exports have suffered in recent years as a result of market competition from other countries, such as New Zealand, and changes in demand during the developed world's 2008/09 recession. Despite the fact that timber processing is prohibited, forestry has become a thriving business in recent years.

Uruguay imports crude and refined oil from other countries to meet its energy needs. It produces a wide range of petroleum products. Uruguay has an abundance of renewable energy resources, accounting for 95 percent of the country's electricity.

Mining: Although this sector does not contribute significantly to the country's economy, there has been some activity in recent years in gold and cement production, as well as granite extraction.

Plastics have become one of Uruguay's most important manufactured exports, thanks to two massive investments in 1991 and 1997. These investments paved the way for the majority of Uruguay's significant plastic-based exports, which have become critical to the country's economy.

Telecommunications: Despite low fixed-line investment, Uruguay's small population has allowed the country to achieve one of the highest teledensities in South America, as well as complete digitalization of major lines. Despite the fact that the telecommunications sector has long been a governmental monopoly, efforts have been made to liberalize it and allow more businesses to enter the cellular sector.

Tourism and travel accounted for 9.4% of the country's GDP in 2013.

1. The majority of their tourism industry is geared toward attracting visitors from neighboring countries. The interior of Uruguay, particularly the region around Punta del Este, is currently the most popular tourist destination in the country.

1. Salary Payment: Under a new law that went into effect recently, all payments must now be made using a financial instrument such as a check or a bank transfer. With a few exceptions, cash payments are no longer accepted. The Ministry of Labor sets a national minimum wage. Furthermore, each type of business activity has its own set of employee minimum wages. Collective agreements are negotiated by Wage Panels ("Consejos de Salarios"), which are made up of employers, employees, and government officials. Salaries are paid monthly, weekly, or daily.

2. Working Hours: The average working day is 8 hours long and 48 hours per week, with retail workers working 44 hours. The parties can agree to work fewer hours, but not more.

3. When it is a working day, overtime should be paid at twice the regular rate. When it is a non-working day, the rate is multiplied by multiples.

4. Aguinaldo: This is a legally required reward instalment equal to one month's pay, known as a thirteenth compensation. It is payable in two installments, one in June and one in December.

5. Paid vacation: Each representative is entitled to 20 days of paid vacation per year. They are qualified for one extra day per year if they work with a similar boss on a regular basis. The worker is not qualified for any occasion during the primary year of work - during that first year, they collect the option to take an occasion the following year.

6. Representatives are eligible for paid additional leave as follows:

- Maternity leave (12 weeks)

- Paternity leave (3 days)

- Marriage Leave (3 days)

- Study leave for college understudies (6, 9, or 12 days of the year relying upon the number of hours worked)

- Leave for family passing (3 days)

- Leave for association exercises – relies upon the aggregate arrangement)

Payment of Holidays: All representatives are eligible for paid occasions; for example, in addition to their right to 20 days of paid occasion leave, they should be paid an additional instalment equal to 100% of their salary for those 20 days. The idea is that they need their regular pay to cover their basic needs, and this extra cash will allow them to attend an event.

Uruguay's economy has remained in the moderately free category this year, as it has since the Index's inception in 1995. To transition from basically free to mostly free, the government would need to improve the judicial system, reduce government spending, relax labor market rules, and reduce state meddling and control in the banking sector. The COVID-19 pandemic was expected to reduce the country's GDP by 4.5 percent in 2020.

Uruguay's minimum wage is 10,000 Uruguayan pesos per month.