Hello Gents,
Since we are in turbulent times I was looking at options to relocate out of Europe. While gathering intel I discovered Uruguay, which appartently does not get a lot of coverage here.
Summary:
- Geopraphics:
It is a country in South America. It shares borders with Argentina to its west and southwest and Brazil to its north. Uruguay covers an area of approximately 176,000 square kilometers and has a population of an estimated 3.51 million.
Therefore it is not densely populated, far away from the US, Europe, Russia & China in case of overreaching and/or miliarty conflicts.
- Demopraphics:
Uruguayans are of predominantly European origin, with over 87.7% of the population claiming European descent.
Especially as an European/caucasian this could be a big plus, during a financial bust, in comparison to being a farang in Thailand.
- Food & energy production:
More than 60 percent of Uruguay's total exports are agricultural-based products. It's main agricultural products are indigenous cattle meat, whole fresh cow milk, paddy rice, wheat, soybeans, grapes, greasy wool, indigenous chicken meat, indigenous sheep meat, sunflower seed.
The country currently generates over 98 percent of all electricity from renewable sources, primarily wind and hydropower. Uruguay is currently one of the most electrified countries in the hemisphere, with 99.9 percent of homes receiving electricity.
- Financial incentives & residency visa:
In June 2020, a new decree was introduced to improve access to tax residency in Uruguay. Investment in properties for a value greater than UI 3,500,000 (approximately US$370,000) made as of 1 July 2020, and an effective presence in Uruguayan territory for 60 days in the calendar year. The Uruguyan government has formulated a bill to extend by 10 years (effectively 11 year tax holiday) or being subject to a 7% rate forever on yields of foreign capital.
Additonally I had a look at some homepages (most likely overpriced) in regards of ranches which were not totally overboard pricewise. The biggest issue that I have are the current entry requirements for none residence requiring 2 therapeutic energy boosters., which would have to be tackled with. All in all it up it looks like an interesting option to me.
Since I have personally never been to Uruguay, I would appreciate if you could chime in sharing your experiences and possibly contacts. Cheers.
Last edited: Feb 12, 2022
Since we are in turbulent times I was looking at options to relocate out of Europe. While gathering intel I discovered Uruguay, which appartently does not get a lot of coverage here.
Summary:
- Geopraphics:
It is a country in South America. It shares borders with Argentina to its west and southwest and Brazil to its north. Uruguay covers an area of approximately 176,000 square kilometers and has a population of an estimated 3.51 million.
Therefore it is not densely populated, far away from the US, Europe, Russia & China in case of overreaching and/or miliarty conflicts.
- Demopraphics:
Uruguayans are of predominantly European origin, with over 87.7% of the population claiming European descent.
Especially as an European/caucasian this could be a big plus, during a financial bust, in comparison to being a farang in Thailand.
- Food & energy production:
More than 60 percent of Uruguay's total exports are agricultural-based products. It's main agricultural products are indigenous cattle meat, whole fresh cow milk, paddy rice, wheat, soybeans, grapes, greasy wool, indigenous chicken meat, indigenous sheep meat, sunflower seed.
The country currently generates over 98 percent of all electricity from renewable sources, primarily wind and hydropower. Uruguay is currently one of the most electrified countries in the hemisphere, with 99.9 percent of homes receiving electricity.
- Financial incentives & residency visa:
In June 2020, a new decree was introduced to improve access to tax residency in Uruguay. Investment in properties for a value greater than UI 3,500,000 (approximately US$370,000) made as of 1 July 2020, and an effective presence in Uruguayan territory for 60 days in the calendar year. The Uruguyan government has formulated a bill to extend by 10 years (effectively 11 year tax holiday) or being subject to a 7% rate forever on yields of foreign capital.
Additonally I had a look at some homepages (most likely overpriced) in regards of ranches which were not totally overboard pricewise. The biggest issue that I have are the current entry requirements for none residence requiring 2 therapeutic energy boosters., which would have to be tackled with. All in all it up it looks like an interesting option to me.
Since I have personally never been to Uruguay, I would appreciate if you could chime in sharing your experiences and possibly contacts. Cheers.
Last edited: Feb 12, 2022
