Expatriate Forums in Uruguay

mypinares · Posted: Fri Aug 04, 2006 5:00 pm Post subject: Property & residency issues

Hello everybody,

I am a seasoned expat (German) who has lived in 7 different countries on 3 continents and who has now settled in Punta del Este, dedicated to helping other expats with the necessary logistics of settling in Uruguay. I run a property consultancy business coupled with a concierge service tailored to my clients specific needs.

I shall be glad to share some of my experience and expertise - free of charge- with fellow minded newcomers. So please post your questions or email me with your enquiry.

Best wishes
Margret
_________________
Pioneer in affordable luxury

mreinarz · Gender: Joined: 09 Aug 2006 Posts: 1 Home Country: chile

Hello Margret. I'm currently living in Chile and analyzing a quite certain possibility to relocate to Montevideo (with wife and 4 kids). I'm in search of some basic information to start with: Cost of living, housing, german/english schools, tax issues and so on. Any help to find some reliable sources of information would be appreciated.
Kind regards, Matthias.

mypinares · Posted: Wed Aug 09, 2006 1:36 pm Post subject: living in Uruguay

Hello Matthias,

I don't exactly know the cost of living index in Chile, but generally speaking, Uruguay CLI is approximately 40-50 % lower/cheaper than in Germany, France, Italy, UK.

GDP of Uruguay is US$ 6036

Uruguay has in many instances a favorable tax system, relying mainly on indirect taxes and has strict banking secrecy laws.There is no personal income tax to pay, nor any capital gains tax on property and personal investments. Profits can be freely repatriated. Limited companies pay 30 % corporation tax, but there are many tax excemptions, depending what your company does and whether you register in the Free Trade Zone.
Uruguay is a founding member of MERCOSUR to which Chile has also signed up. I know that Uruguay has a double taxation treaty with Chile and Germany.
As to the schooling for your children, below are good choices if you choose to settle in Montevideo.

Colegio Alem n Montevideo
Deutsche Schule Montevideo
Avenida Dr. Francisco Soca 1356
11300 Montevideo
Uruguay
Tel: 00598-2-7084381, 7082942
Fax: 00598-2-7081738
E-Mail: dsm@dsm.edu.uy
Internet: http://www.dsm.edu.uy
(Lehrpläne des Landes Baden-Württemberg)

Colegio y Liceo San Pablo
Venancio Benav¡dez 3612
11700 Montevideo
Uruguay
Tel: 00598-2-369413/4
Fax: 00598-2-364914
(Unterricht in deutscher Sprache)

Deutscher Schulverein
Sociedad Escolar Alemana
Av. Dr. Fco. Soca 1356
11300 Montevideo
Uruguay
Tel: 00598-2-790622, 784381
Fax: 00598-2-781738

Hope, you found this information useful.

You can read more info on my website www.uruguayproperty.com
_________________
Pioneer in affordable luxury

mont · Joined: 11 Jan 2007 Posts: 13 Home Country: NULL

Hi,

I'm planning to relocate to Uruguay or Argentina and to operate a business from there. My initial investigations tend to show a nicer tax regime in Uruguay for expats since it seems that only Uruguay income is taxed (i.e. worldwide income isn't taxed in Uruguay).

I can easily get residency in Argentina due to family connections but I'm unsure as to how to obtain residence in Uruguay - that will give me the freedom to operate a business. Do you have any information on Uruguay immigration/residence requirements? Ideally leading to a DNI - so I can also visit Argentina easily.

Thanks

mypinares · Posted: Fri Jan 12, 2007 1:14 am Post subject: residency in Uruguay

Dear Mont,

you are absolutely right, Uruguay has the best overall tax advantages in the whole of Latin America for companies as well as for individuals. That is one of the major reasons why there is a sustained increase in all kinds of property investment in Uruguay from the US, Canada and from European sources.

We offer clients, who buy property via UPP, specialized consultancy services at favourable fees, such as extensive tax advice, property refurbishment as well as assisting with all aspects of relocation issues.

If you need specfic advice, kindly contact us at:

info@uruguayproperty.com
www.uruguayproperty.com

Best wishes
the management
UruguayPropertyPartnership
_________________
Pioneer in affordable luxury

johnnyjava · Posted: Wed Dec 12, 2007 3:31 pm Post subject:

Hi Margret,

I may be moving to Montevideo with my wife and two children early in 2008. I'm looking for a rental property in a good safe area close to an English speaking international school (British or American is fine).

Where would you recommend? (Carassco?). I can't find much on the web except for investment / properties for sale.

As I speak zero Spanish, I'm a little concerned as to how I'm going to communicate with the locals. How much English is spoken there? I fully intend to learn Spanish as quickly as I can.

Many thanks,

David


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