South American Real Estate News
/ Category / Uruguay tax changes

For less than USD 400,000, you can now get Uruguay tax residency

Starting in July, foreigners who live at least 60 days a year in Uruguay and buy real estate valued above 3.5 million inflation-linked UI — currently equivalent to $378,000 — will qualify for tax residency. Newcomers can also obtain residency by investing more than 15 million UI in a business that creates at least 15 full-time jobs.  Uruguay will soon be even more welcoming to wealthy foreigners looking for a new home following a presidential decree that makes it cheaper to obtain tax residency…
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