Uruguay, the small South American country famous for its beach resorts and secure banking services, is attracting attention as a great place to retire. Here are 10 reasons why:
1) Uruguay is safe
Safety is the number one reason people from other South American countries relocate to Uruguay. Uruguay is known for having the lowest rate of crime in Latin America.
2) Uruguay is stable
Uruguay is currently one of the most politically and economically stable countries in South America. Uruguayan banks have never resorted to expropriating, freezing, or forcing a currency exchange of deposits.
3) Uruguay does not tax foreign source income
Uruguay does not tax foreign source income, meaning that your pension, social security and all money that is generated outside of Uruguay is not taxed.
4) Good medical care is available in Uruguay
Uruguay has private hospitals that provide excellent patient care at affordable rates. Some retirees pay out of pocket for the care they need and others purchase health plans with a fixed monthly fee.
5) Uruguay has a comfortable climate
Uruguay is located in the temperate zone of the Southern Hemisphere and has four seasons. Daytime temperatures average 21° C to 27° C (70° F to 80° F ) in summer and 10° C and 16°C (50° F to 60° F) in winter.
6) Uruguay offers a variety of lifestyle settings
6.1 City Life: Montevideo is Uruguay’s capital and is made up of many interconnected but distinct communities with tree lined streets, neighborhood shops and outdoor cafes. Montevideo has a wide seaside walk, great restaurants, theater and several tango clubs.
6.2 Beach life: Uruguay has 200 miles of beautiful coastline that turns into a vacationland during the summer. The coast is dotted with resorts including the continents premier beach resort, Punta del Este, which offers a 24-hour menu of recreation, events and entertainment.
6.3 Country life: Once you leave the coast, most of Uruguay is green rolling prairies. The country has large estates (called chacras), ranches (called estancias) and several agricultural supported communities, most with a town square (plaza) where people come in the evening to socialize.
7) Uruguay does not have hurricanes or earthquakes
Uruguay has never had an earthquake or a hurricane.
8) Uruguay has first world infrastructure
Uruguay has good roads, safe drinking water, good public transportation, broad cell phone coverage and widespread availability of high-speed internet.
9) The people of Uruguay are well educated and friendly
Uruguay has the most highly educated population and the largest middle class in Latin America. The people of Uruguay are generally friendly and tolerant with a strongly European culture.
10) Uruguay has a reasonable residency procedure
Applying for residency in Uruguay includes a criminal background check, a health check up, and a verification of a regular source of income, such as social security or a pension.
Uruguay provides the opportunity for a retiree to live a quiet life. It is a free country out of the spotlight of major world controversy.
More information on Real Estate in Uruguay
Contact the author of this article - David Hammond
David Hammond is the author of Buying Real Estate in Uruguay, an ebook available to purchase and download now.
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