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Innovation Legal | Tax | Tech

Uruguay

2026_ITR World Tax Recommended Firm.png
2026_ITR World Tax Ranked 5+ Years.png
Key contacts
Senior Associate, Corporate and Private Wealth Law Director: Santiago Gortari Scheck
Managing Partner & CEO: Juan Ignacio Fraschini
Operations Manager: Santiago Giallorenzo
Quick facts
Associates

5 Lawyers and 8 CPAs

Languages

English, German, Spanish

International Offices

Montevideo, Madrid and Miami

Key practice areas
General corporate tax
Indirect tax
Private client
Tax
Tax controversy
Transactional tax
Firm overview

Innovation Legal | Tax | Tech is an international legal, tax and private wealth consulting firm, funded in 2009. Its client-oriented strategy over these 15 years has led the company to strategically locate its offices in Madrid, Miami and Montevideo. Together with its professionals and allies spread throughout the world, the firm has a global presence, while guaranteeing excellence in the provision of services, offering its clients tailored designed solutions and high standards of quality and confidentiality.

Main Areas of Practice
Innovation Legal | Tax | Tech offers a wide variety of services in charge of senior professionals, who will guide its clients in their business growth and development, management and internationalization. Among Innovation Legal | Tax | Tech specialization and focus, clients will have access to:

  • International Tax Planning: tailor-made and tax efficient solutions for all types of international transactions, advisory on participation exemptions, inheritance structures products, corporate tax, and transfer pricing within others
  • Private Wealth Services: extensive experience in structuring, advising and estate planning, assuring its clients full asset protection and confidentiality
  • Corporate Services: company set up, maintenance, bank account openings, accounting and tax compliance services, M&A and several other services to comprehensively address this delicate task and comply with each jurisdictions’ requirements and terms
  • Establishment of Trusts and Foundations: design and implementation of tailor-made vehicles to help its clients protect their assets and help them in their succession planning, while also providing fiduciary services when required
    CRS and FATCA advisory
  • Immigration: advisory on tax residency, to families and individuals. Innovation Legal | Tax | Tech provides assistance and guidance to clients interested in moving abroad, to achieve legal and tax residence in jurisdictions with a beneficial tax burden through direct investment
  • Legal Tech Services: Innovation Legal | Tax | Tech provides legal services for Tech, FinTech, LabTech and AgriTech startups, offering innovative solutions and support during daily operations and business growth. We provide flexible and tailor-made special purpose vehicles (SPVs) for entrepreneurs and investors, tax advice on royalties, interests or dividends distributions, internationalization of business and permanent establishments that adapt to constant development of tech companies and their regulations. Moreover, we design, select and implement structures to attract investors or hold intangibles assets

International Work
Innovation Legal | Tax | Tech has both local and international clients, with cross-border operations. Some of Innovation Legal | Tax | Tech top clients and current services rendered are:

  • Southgenetics (LabTech): Tax and Corporate restructuring in Latin America, with M&A and permanent legal advice.
  • Prometeo (FinTech): Tax and Corporate restructuring and permanent international tax advice.
  • Data 4 Sales (Data Analytics) : Tax and Corporate restructuring, assistance in the capital raising process and permanent international tax advice.
  • Steriale (LabTech) : Tax and Corporate restructuring in the US, Europe and Latin America for operational and patent affairs.
  • Order Eat (Software Solutions) : Tax and Corporate restructuring, assistance in the capital raising process and permanent international tax advice.
  • Line Up Surf (Weather Technology Services): Tax and Corporate restructuring, assistance in the capital raising process and permanent international tax advice.
Connect with us
Key practice areas

Corporate tax matters:

  • Cross-border project management
  • Restructuring
  • Cost-sharing arrangements
  • APAs
  • Transactions
  • M&A
  • Financial services
  • Corporate taxes
  • Technology
  • Cryptocurrency
  • Value chains

Tax advisory:

  • Tax consulting
  • International tax advisory
  • US Inbound
  • US Outbound

Indirect tax:

  • VAT
  • GST
  • Customs

Private Wealth Services

Recent matter highlights

We are advising a Uruguay-based fintech startup company that provides an open banking platform to LATAM customers. We reviewed their former corporate structure (a Delaware Corporation) and designed a whole new corporate and operational structure, much more efficient from a tax perspective and also considering their goals to seek funding and the interests of their current Seeds Round investors.

We assisted on the set up a Cayman Holding company, designed various investment schemes (which included several company cap tables and shareholding strategies), drafted all relevant documents to close the Seeds Round and advised the company on their negotiations with their investors.

Also, we advise on a daily basis on local and international corporate tax issues, taxation of employees and contractors, etc. Currently, we are advising the company in a potential acquisition by a Swedish Company.

Innovation Legal / Tax / Tech has successfully advised Prometeo OpenBanking, a uruguayan FinTech with presence in Latam, in its due diligence as legal and tax advisors, to close its Series A Fundraising in the amount of USD 13MM.

Sector expertise
  • Accounting
  • Agriculture
  • Banking
  • Construction and materials
  • Consumer goods and services
  • Energy
  • Financial services
  • Gaming
  • Industrials
  • Investment management
  • Media
  • Mining
  • Natural resources
  • Oil and gas
  • Real estate
  • Shipping
  • Tech and telecoms
  • Utilities
Other offices

Madrid, Spain:
Calle Príncipe de Vergara, Nº 132, C.P. 28002 
Phone: +34 651 418 912 
Contacts: a.cat@innovation.tax

Miami, USA:
848 Brickell Avenue, Suite 600, FL 33131 
Phone +598 2716-7042 
Contacts: ji.fraschini@innovation.tax & i.canepa@innovation.tax

Montevideo, Uruguay (Headquarters):
Francisco García Cortinas 2357, Plantas 9 y 10, CP 11300 
Phone: +598 2716-7042 
Contacts: s.gortari@innovation.tax & s.giallorenzo@innovation.tax

www.innovation.tax

Address:
Francisco Garcia Cortinas 2357
Piso 10
Montevideo, CP 11300
Tel:+598 2716-7042 Email:Contact Us Web Address:http://www.innovation.tax
2026 Edition
General corporate tax
Tier 3
19 firms ranked
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Tier 1

Ferrere
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Tier 2

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Tier 3

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Tier 4

Estudio Kaplan
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6 practice areas
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Other notable

Bragard
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Private client
Active
5 firms ranked
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Active

Andersen Tax & Legal
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FBM Advisory
6 practice areas
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Ferrere
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Innovation Legal | Tax | Tech
6 practice areas
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KPMG
7 practice areas
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Linked Reviews
Tax

Innovation Legal, Tax & Trust is an international tax and private wealth consulting firm, funded in 2009. Its client-oriented strategy over the years has led the company to strategically locate its offices in Madrid, Miami, and Montevideo. The main services include international tax planning, private wealth services, offshore trusts and corporate vehicles, immigration, corporate services, and legal technology services.

During the research period, the firm advised a Uruguay-based fintech startup company (confidential). The team designed a new corporate and operational structure that was tax efficient.

Valentina Ginel left in August of 2022. However, the team welcomed Joaquin Fraschini, previously from Fraschini & Asociados.

Client feedback

“They are highly imaginative and are used to working with UHNWs.”

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