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Tax Residency in Uruguay: Investment Opportunities and Tax Planning

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Relocation Services Team

In the index that the prestigious publication The Economist has been doing since 2006, Uruguay is positioned in first place in the classification of full democracy, giving it the best score on our continent.

This recognition shows Uruguay as a democratic and stable nation, with a solid legal framework, becoming an attractive destination for investments, assets and companies.

In this context, obtaining Uruguayan tax residency can be a beneficial option for those seeking:

  • Access to an efficient tax system: Uruguay offers a competitive tax system, with low tax rates and a wide network of double taxation agreements.
  • Legal security and political stability: Uruguay is characterized by its political and legal stability, which provides a safe environment for investments.
  • Openness to business and investment: Uruguay has an economy that is open and receptive to foreign investment, with a wide range of expanding economic sectors.

How to Obtain Uruguayan Tax Residency?

Individuals can obtain Uruguayan tax residence by meeting any of the following requirements:

  • Stay in Uruguayan territory for more than 183 days a year.
  • Establishment in national territory of the main core or base of its activities or economic or vital interests.

For more information about the requirements and process of obtaining Uruguayan tax residence, you can consult the following link:

https://vll.com.uy/servicios/residencias-y-servicio-de-realocacion

What Should I Consider?

  • Obtaining tax residency in Uruguay does not imply losing residency in another country.
  • Tax residence is independent of legal residence, so you can be a legal resident without being a tax resident or vice versa.
  • Tax residence, unlike legal residence, is not permanent, so it must be verified year by year.

At VLL we offer a comprehensive service for those seeking to obtain Uruguayan tax residency.

We have a team made up of accountants, lawyers and notaries in charge of the Relocation Services area, which in addition to legal and tax residences, offers different services, such as:

  • Opening of bank accounts.
  • Notarial services for the purchase and sale of real estate and automobiles.
  • Regulatory consultation in business.
  • Approach to real estate intermediaries.
  • Intermediation with international moving companies, cars and equipment and furniture buying and selling companies.
  • Intermediation with medical insurance and educational institutions.
  • Commercial companies and tax advisory services.
  • Strategic business consulting.

 

For more information about our services you can contact us by:

E-mail:hola@vll.com.uy

Whatsapp: https://bit.ly/Residencia-fiscal-en-Uruguay

 

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