South American Real Estate News
/ Month / June

Taxes and Uruguay

Doing business in Uruguay Uruguay is an independent republic since 1825, situated in South America between Brazil and Argentina. In the course of the past twenty years, Uruguay has been making its mark as a growing and authentic international financial centre. Uruguay is characterised by solid banking provisions, political stability, excellent communications, a pleasant climate and a favourable tax system. Uruguay is an excellent location to minimise taxes while doing business in the area. Uruguay is a member…

Due Diligence, South American Style For Farms

Due Diligence, South American Style For Farms This week again we have clients in Paraguay doing due diligence on another undeveloped farm we have conditionally sold, to be used for a farm syndicate for smaller to medium sized investors. This involves considerable work and expense for the client. Apart from checking legal titles etc, they will be using horses (motorbikes don’t do to0 well in this type of wet soil conditions), advanced soil testing, laser leveling technology (to establish the cost of drainage),…

La Moraleja: Industrial Lemon Production in Salta, Argentina

La Moraleja is the world largest irrigated drip feed Lemon Production farm showing the most striking power of man over nature to generate food and jobs and generate good profits at the same time. Where there was Salteño Forest previously today there are 3000 hectares of lemons watered by drip feed, with a processing factory that by industrialization exports 90% its products: lemon oil, concentrated juices and dehydrated peel. In addition they have 40 hectares of greenhouses producing tomatoes, peppers and…

Brazil makes it easier for foreigners to buy farmland again

The chairmanship of the Agriculture Caucus in Brazil’s Chamber of Deputies  aims to turn back the clock on the rules concerning foreign ownership of his country’s farmland. Five years ago, Brazil’s Attorney General Office issued a new interpretation of an old, business-friendly rule that made it harder for foreign companies to buy the country’s farmland. They did it in reaction to growing concerns that foreigners were slowly taking over that vital national resource. Frustrated and well-meaning…

Buenos Aires illegal markets boom as Argentina’s economy stagnates

While Buenos Aires sleeps, La Salada roars to life. By 3am, shoppers are chaotically barging their way through the narrow passageways of Latin America’s largest informal market, hauling sacks bulging with anything from fake branded clothing to pirate DVDs. “Look at this, just 135 pesos!” exclaims a satisfied Rodrigo Vega as he brandishes a pair of jeans, explaining that the price, about $15 at the overvalued official exchange rate, is at least a fifth of what they might cost in a more upmarket Argentine…

Chile – Tax reform implications for foreign investors

The enacted tax reform legislation introduces significant changes to Chile’s tax regime with measures that, among other items, are intended to increase tax revenue. Foreign shareholders will want to consider the effect of making certain elections (described below) and of making adjustments to their current structures, to address the potential Tax reform implications of the tax reform to their operations in Chile. Prior tax law Under the prior tax regime, Chile had an integrated tax system whereby the…