Update on GTSA’s New Digital Property Platform release

Press Release Hello Our new property website is live, so we start loading properties from the legacy site as soon as possible. Like the newsletter, this site will better enable us to send out information regularly to targeted audiences. Our sponsored newsletter site has been an excellent source of stable subscribers, and we hope the new property one will be as well. It will also give us the flexibility to promote independent agents’ properties in areas where we have no presence, giving them the same advantage…

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South America's Real Estate Specialists
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We offer South American real estate investment opportunities in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay. We know that buying South American real estate has specific rules for foreign citizens, rules we are familiar with and have worked with extensively. This is why we have created a programme to guide international buyers through purchasing real estate in South America, from finding properties for sale to helping clients comply with the required paperwork and legal procedures. South American News…

What are the restrictions on buying farmland in Uruguay?

1: Current Real Estate Ownership Restrictions in Uruguay Can foreigners own and occupy real estate in Uruguay, including shares in property-owning companies? Are there any restrictions? By Uruguayan law, any individual or legal entity may own real estate regardless of nationality or place of incorporation. However, specific regulations for agricultural land and rural exploitations require owners to be individuals or Uruguayan corporations with registered shares owned by individuals. Authorization from the Executive…

A more positive outlook for our region is a welcome development

Argentine President Milei’s radical change in direction after 70 years of Peronism is being watched inside the country (the poor and middle classes suffer most of the pain of change) and by the rest of the investment world as the changes occur. So far, the response has been positive, even by those most affected by the changes. Success will likely cause neighbouring countries to follow suit, attracting a flood of investment capital looking for a home in a troubled world. Europe, the US and the Middle East…

Shareholders Agreements are essential to avoid later problems when investing in Syndicates or Partnerships

The great news is that you can create a rule book (aka shareholder’s agreement) so that when things pop up, you all know how to deal with them. Staying aligned makes all the difference to your business’s success. This article explains why a shareholders’ agreement (your business prenup) is essential for every business with multiple owners. WHAT IS A SHAREHOLDERS’ AGREEMENT? Shareholders’ agreements are like rules that record how shareholders will work together and make decisions. What are the initial…

FATCA – America’s Tax Rort is Exposed

The FATCA, or the Foreign Account Tax Compliance Act, is a one-sided law that forces other countries to enforce US tax laws. If they fail to do so, they’re effectively locked out of US markets and the US dollar—the world’s reserve currency (at least for now). FATCA imposes a 30% withholding tax on interest, dividends, rents, and similar payments leaving the US. The only way to avoid the tax is for foreign financial institutions (FFIs) to act as unpaid IRS informants. Withholding occurred some years ago,…

Argentine Fintech Giant Mercado Pago Requests a Banking License in Mexico: Why Did It Spark Criticism in Other Countries?

Marcos Galperin’s fintech will acquire a banking license in Mexico, a process that could take between 12 and 24 months. Although it is not licensed in other countries where it operates, it offers its clients a wide range of financial products. Mercado Pago announced that it will acquire a banking license in Mexico, a process that could take between 12 and 24 months. Thus, the fintech arm of Mercado Libre will seek to comply with regulations in Mexico and become the most prominent digital bank in that…

Are you single and want to buy a property to live in South America’s most popular cities? Read this first

Scared to Buy Alone?    Four Tips for Single House Hunters You’re single and ready to buy. Right now, house hunting in a new city might feel a bit daunting, even downright scary. But it’s also one of the most intelligent decisions you can make, especially if you’re secure in your job, have family support, and are committed to a location. If you’re able to overcome your fear of commitment and head into homeownership on your own, here are a few key points that should make the hunt a little easier: Dream…

Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean

Uruguay’s investment advisors and portfolio managers sector grew in terms of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments. Data released by the Central Bank of Uruguay (BCU) shows that at the end of 2022, there were 67 portfolio managers and 106 investment advisors, an increase of 10 from the previous year. Portfolio managers are legal entities that manage the investments…

The Legal Steps to buy Real Estate in Uruguay

Navarro Abogados , Montevideo Uruguay Purchase of a Real Estate Property by an Individual After the individual (the “Individual”) has identified the real estate property it intends to acquire, it should seek the legal advice of an attorney and the services of a Notary Public to assist in the purchase process. In general, pursuant to the current Uruguayan laws and regulations applicable to real estate transactions, the purchase of a real estate property is structured through the following steps. Step 1:…

Issues that should be addressed before considering the sale of a rural property to avoid an extended sale period

Consider carefully the following issues before putting a farm or piece of land on the market if you don’t want to experience delays, which can cause the property to become stale and develop a negative reputation. Legal and Administration Issues Most importantly, for properties with multiple ownership, all shareholders must be on the same page regarding selling and the expected price level achievable based on an independent valuation ( don’t ask brokers competing with each other for the listing for that…

Plácido Domingo show marks the reopening of the bullfighting ring in Colonia, Uruguay for cultural purposes

Spanish tenor Plácido Domingo was the leading attraction on Saturday evening before a crowd of 3,300 at the newly-refurbished San Carlos Bullfighting ring in the Uruguay city of Colonia del Sacramento.  Domingo, 83, appeared alongside soprano Virginia Tola and mezzo-soprano Nancy Fabiola Herrera as the Plaza de Toros Real de San Carlos Cultural Center was inaugurated over a Zarzuela Gala. Domingo had last been in Uruguay 28 years ago. A large group of Argentines crossed the River Plate for the occasion,…

What can happen if you buy a new apartment off the plans and the area is less than what you paid for

Many apartments in Argentina and elsewhere are sold off the plans (en Pozo), and usually, this goes smoothly. However, occasionally, there is a discrepancy between the m2 paid for and the number delivered. Sometimes, there are more and sometimes less. However, this Buenos Aires buyer did not take this lying down. He sued and won for the missing metres. Paola U. bought a department in the neighbourhood of Belgrano in mid-2011. When it was delivered, the property had fewer square meters than the construction…

LATAM Airlines Re-Starts Direct Flights from Sydney to Santiago

LATAM Airlines is delighted to announce the reintroduction of direct flights from Sydney to Santiago four times weekly, commencing on 28 October 2024. This milestone significantly enhances connectivity, offering travellers daily direct routes between Australia and Latin America. LATAM’s commitment to reconnecting continents is evident in its expansion of services. In September 2023, LATAM Airlines restarted Melbourne – Santiago direct flights thrice weekly. With the addition of the four weekly direct…

2023 Survey says Uruguay offers favourable conditions for investors

Uruguay brought in 3 billion 675 million dollars in foreign direct investment in 2023, according to a report from the XX Uruguay Institute, which recorded a positive situation among foreign companies in the country. Last year there were 47 investment announcements, of which 33 were new and 14 were mergers and acquisitions, according to the report. In addition, 706 initiatives were received within the context of the Investment Law Enforcement Commission, for an amount of 1 billion 194 million dollars. Also according…
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