Feels like Europe, but with Third-World prices. Uruguay has the lowest poverty level in Latin America, and it also has the highest life expectancy. What could be better?
Variety is the spice of life! Montevideo and Punta del Este are two of the most popular places to be in Uruguay, and yet they are so completely different. In Montevideo you get the old-world European feel and in Punta del Este you find a world-class beach playground.
Warm summers, crisp winters. Uruguay’s climate is mild, with no extreme changes in temperature.
Stable business climate. Political and social stability make Uruguay one of the best places for international business to base themselves in Latin America.
Solid infrastructure. I use the word
5 Reasons to Relocate to Uruguay
How About Investing in Uruguay's Real Estate Market?
“Uruguay is the safest country, has the least economic disparity, and the most highly educated population in Latin America,” said David Hammond, a realtor for ParadiseUruguay.com. “It is the second least corrupt country in Latin America, behind Chile; [it also] has good health care, and is one of the most affordable places in the world to live.”
What more can this Gringo tell you? Uruguay is the 5th wealthiest country in Latin America, according to the CIA World Factbook. It has two extremely solid markets in cattle ranching and the meat industry and has seen a healthy economic growth in recent years. Montevideo and Punta del Este are the most popular, and most expensive real estate Read more
Uruguay is the Place to Escape the United States Recession
As the US economy continues to decline Americans are being forced to change the way they handle their dollars as they slide in value against the British pound and the Euro. As businesses buckle down to face the brunt of a world recession many are left wondering how the US is going to weather the storm and if, when the dark clouds of decline finally rise, the economy will be able to recover.
Many businesses have already taken steps to recession-proof themselves by trying to draw in foreign sales. In recent article from Business Week it was stated that “the strongest U.S. companies may be the ones with the biggest footprint abroad.” By having their fingers in multiple Read more
Paying Taxes in Uruguay
Here is bit of information on taxes in Uruguay:
Currently there is no personal tax income and no personal capital gains tax
Outside income is not taxed
IVI, the Uruguayan sales tax is 23%. IVI is always included in the price of the product.
Import taxes are high: Packages over US $50 are assessed a 60% import tax
Employment taxes for health and pension are also high
Property taxes are low. (In Montevideo they are approx. US $15 quarterly.
Basically, the country is supported by the sales tax and the high import tax. Companies are also required to pay income tax.
Currently the government is working to make significant changes to the tax laws. The process of Read more
The Best Time to Visit Uruguay
Unlike other Latin American countries that have very distinct rainy and dry seasons, Uruguay receives an almost even amount of rainfall throughout the year, with just slightly more in the fall months. The temperature is moderate throughout the year, and the average summer temperatures range from 70°- 82°, while the average winter temperatures are between 50°- 61°.
For those who want to relax on Uruguay’s fantastic beaches along the eastern coast, summer is the best time to visit. Summer is also full of fun activities such as carnival, in which traditional Uruguayan customs are celebrated.
In the wintertime temperatures can get a little chilly, but the countryside is absolutely beautiful. The winter is the time to drive Read more
Getting your residency in Uruguay
Getting into Uruguay on a tourist visa is easy, and if you plan on retiring in this beautiful South American country, I recommend getting into the country first, and then applying for your permanent residence. You can actually even purchase real estate as a tourist before becoming a resident of Uruguay.
A comprehensive description of how to go about getting your residency can be found at the United States Uruguayan embassy website. There is a section near the bottom of the page that discusses permanent residency and explains what the government requires of applicants.
Basically you need to prove that you meet the monthly income requirements, equivalent to about US $500/month, show a Read more
New Retirement Hotspot
Naturally beautiful Uruguay has been receiving more and more attention from a generation looking to retire somewhere other than Mexico or Panama. Granted, it isn’t as close, and it doesn’t offer a special retirement visa like the aforementioned countries do, but that doesn’t mean it doesn’t deserve a look when deciding where to spend your golden years.
Why? A good long list of reasons actually. For one, the prices are excellent. Montevideo has actually been named by Mercer HR Consulting as the second least expensive city in the world. Uruguay is also fairly modern for South America, has excellent highways and you can even drink the water! The high season sees a lot of activity, and Read more
Passport? Visa? How do I get in to Uruguay?
Requirements for entry into Uruguay are quite easy to comply with for those who possess a U.S. passport. The passport must remain valid for six months beyond the time you intend to stay in the country. In addition, you must have tickets or documents that prove your return to the US, or onward travel. Upon entrance you are given the right to stay in Uruguay for 3 months, which you can then extend locally. You must also have sufficient funds for the intended time of stay.
Due to its ease of entrance, Uruguay is drawing more and more visitors as well as businessmen and women. Add to that the fact that Montevideo is the second most secure Read more
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