Thursday 23 October 2014

Living in Uruguay

Punta del Este from the sky

Why do so many foreigners choose Uruguay as their place to live and invest?

Let’s take a look at some of the reasons why a growing number of people decide to invest and live in Uruguay.

You can buy property: A foreigner can buy property in Uruguay. The process for buying a property in Uruguay is the same for permanent residents and for foreigners.

Private Property rights are strongly protected: There has been no history of expropriations.

Investor Friendly Country: Foreign investors and local ones are treated equally. There are no limitations to ownership of property by foreigners.

Strict banking secrecy and tax secrecy laws: Uruguay has a long-established tradition of bank secrecy. Client information at financial institutions is protected.

Easy relocation: The process for getting the residency is very simple. (I will dedicate a blog post explaining this) It takes approximately one year to obtain resident status. After 3/5 years, one can apply for citizenship/Passport.

Low cost of living: Uruguay has a great infrastructure and low prices. A lot of foreigners say that living in Uruguay is like living in Europe without paying European prices.

Tax free Income: Currently international incomes do not fall under the taxation system in Uruguay, so expatriates can receive their foreign income or pensions.

Pleasant Climate: Uruguay’s climate, although not tropical, is free from extreme temperatures. Summers are warm and enjoyable; winters (though cold) don’t have snow.  Uruguay is free from natural disasters such as earthquakes and hurricanes which are common in other parts of the world.

Continues…

About Uruguay, Opinions ·

About the author

Caldeyro Victorica Real Estate is a firm specialized in the commercialization of both urban and rural first-rate real estate. It positions itself as an opinion leader and constant innovator in its field. The firm works contributing to making Uruguay an attractive place to live in, work or invest. It offers a first-class service, meeting its clients every requirement. Their office in Carrasco reflects the comfort and sophistication that identifies the brand. An exclusive service characterized by its transparence, discretion and professionalism, makes this firm unique.

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