2026 is when I am leaving the U.S. for Uruguay. I gotta make sure I am independently licensed before I make that big move. Uruguay is so appealing to me.
Absolute highest prices and taxes in all of South America. They have no 'Amazon' to buy from, but you can purchase from a special importer with a 60% additional tax and another $125 shipping. Things are so expensive that most individuals do without, and there is A-LOT of without in the stores, or you pay usually around twice the price you would pay in the USA. Minimal wages for an employee is $425 usd, but you also pay 50% more in taxes for them, plus two required yearly bonuses, and 2 weeks yearly vacation. Plus you pay an accountant to report the wages for you, about $100 / month. So you end up pay about $850 / month for an employee, at least. But nobody will take that wage here, you have to pay at least $600 / month, plus everything I just said, so it is closer to at least $1000 / month. If you don't pay the wages as required, more often than not, the person you hired, once the contract has ended, will sue you for their government benefits of vacation and pension and unemployment benefits... turns out to be quite a lot, and you get to pay their attorney too, who gladly took their case for them. I recommend Brazil or Paraguay. Much better prices, and there is a very nice colony in Paraguay with mostly German investor/town. Do you want to rent? Well, you have to buy renter insurance, and show a Uruguayan wage for at least 6 months. Your foreign paystub won't work. Want to buy? Okay, better bring the cash. Banks won't loan based on a foreign income.
Most companies there, including those that hire foreigners, have absolutely no idea or way to 'sponsor' you and won't look up how to. Best to go there as a student, it includes a work visa. Spanish Academy can help if you pay for at least a one month of Spanish classes. I don't recommend Uruguay, it is the most expensive country in all of South America, more so than you realize.
Great introductory video! I had considered a timeframe of perhaps 6-8 years but wonder if my social security at 62 is enough? I think the security of the full benefit is worth waiting for, but is there a minimum monthly income that is required in Uruguay? What does it take to live somewhere between Montevideo and Punte del Este? Quiet and small is fine! Cheers, Michael Albuquerque NM USA
One thing I can't find anywhere is if being financially independent and retired early qualifies you? If a person has assets that can provide themselves with income for life, but may be too young to receive pension. Would this work? I see everywhere that you have to have monthly income...
Hi there, I have heard that many respectable expats (including many retirees) have lived in Uruguay for as long as 10 years and still not received citizenship consideration. Can you please address this concern? Btw, I am leaning more towards Paraguay for residency anyway ...then regularly visit Uruguay and Argentina ...while servicing my U.S clients. Thanks
@@NomadElite I don't know if they have, Gerald. But I feel it was "implied" that they had done all asked of them. Are you finding success getting Uruguay citizenships, or are you hearing differently? Again, I personally am leaning towards Paraguay, but am curious. Hey, personally, as long as I can visit Uruguay, I'm good. Loved your videos on Mercosur.
@@tracyshannon1795 I think there's a misunderstanding here. Uruguay does Grant citizenship for everyone who meets the requirements. The thing is; there's a constitutional disagreement in the country regarding whether immigrants are just "citizens" or also they are "nationals", or naturalized persons. For bureaucratic reasons that are not easy to explain, that means that the passports issued to these citizens are flawed, meaning that they cannot always travel abroad using the Uruguayan passport. That issue is being worked out
Great summary and analysis, as usual. I love Uruguay (especially the people, the Country and the “asado”). I am from the neighbor state (in Brazil), btw. Uruguay is not as affordable as Paraguay, but it is worth every penny. And - unlike Paraguay - it has a decent Winter. Pros & cons, of course, and it all depends on each one's preferences. It can also be a little too quiet/boring for most of the year (a virtue, in my point of view, but many people could get depressed...except in December and January, along the coast). Now - least the rules have changed (please correct me if I am mistaken, my last visit was quite some time ago): *I think the vaccination certificates brought from abroad only apply if the applicant is 45 y/o or younger; and ** Depending on the value of the property purchased (either rural or residential), the requirements to live there for most of the time are flexibilized (*wouldn’t be a factor for us, we love it there, except in Punta Del Este on the peak of Summer). There used to be two tiers of value and correspondent minimum days per year, if I recall well... 🤔🧉
Once you get to Uruguay Im sure you can find a professional to translate the documents, but the best place to ask questions like this is the Uruguayan embassy or consulate
Hi I am from Bangladesh, can I covert my visit visa to work visa and how many years I need to live in Uruguay to get Uruguay citizenship?? Thank you very much
2026 is when I am leaving the U.S. for Uruguay. I gotta make sure I am independently licensed before I make that big move. Uruguay is so appealing to me.
Absolute highest prices and taxes in all of South America. They have no 'Amazon' to buy from, but you can purchase from a special importer with a 60% additional tax and another $125 shipping. Things are so expensive that most individuals do without, and there is A-LOT of without in the stores, or you pay usually around twice the price you would pay in the USA. Minimal wages for an employee is $425 usd, but you also pay 50% more in taxes for them, plus two required yearly bonuses, and 2 weeks yearly vacation. Plus you pay an accountant to report the wages for you, about $100 / month. So you end up pay about $850 / month for an employee, at least. But nobody will take that wage here, you have to pay at least $600 / month, plus everything I just said, so it is closer to at least $1000 / month.
If you don't pay the wages as required, more often than not, the person you hired, once the contract has ended, will sue you for their government benefits of vacation and pension and unemployment benefits... turns out to be quite a lot, and you get to pay their attorney too, who gladly took their case for them.
I recommend Brazil or Paraguay. Much better prices, and there is a very nice colony in Paraguay with mostly German investor/town.
Do you want to rent? Well, you have to buy renter insurance, and show a Uruguayan wage for at least 6 months. Your foreign paystub won't work. Want to buy? Okay, better bring the cash. Banks won't loan based on a foreign income.
@ Thank you so much for this information! I appreciate hearing the reality of things.
Get more accurate information from the Uruguayan consulate, the information from Stephen is exaggerated. And minimum wage is over U$500
@@stephen-devYour information is kind of depressing
Welcome all foreigns to uruguay!!
Does Uruguay charge taxes on foreign pension income received while living as non-residents of Uruguay?
Thanks! As for "work in Uruguay" part around 7m 37s - why did you say "That's Not a great way for you to get" there?! Looks like a decent way
Maybe because it is not very easy to get a job in Uruguay. Traditionally, the economy has not grown at a great pace there...anyway, just a guess.... 🙄
There aren't a ton of amazing jobs in this part of the world. Hopefully, this will change with more foreigners starting companies in Mercosur.
He said “it’s another great way”
Most companies there, including those that hire foreigners, have absolutely no idea or way to 'sponsor' you and won't look up how to. Best to go there as a student, it includes a work visa. Spanish Academy can help if you pay for at least a one month of Spanish classes. I don't recommend Uruguay, it is the most expensive country in all of South America, more so than you realize.
Uruguay the best country 💛
Great introductory video! I had considered a timeframe of perhaps 6-8 years but wonder if my social security at 62 is enough? I think the security of the full benefit is worth waiting for, but is there a minimum monthly income that is required in Uruguay? What does it take to live somewhere between Montevideo and Punte del Este? Quiet and small is fine!
Cheers, Michael Albuquerque NM USA
Depends on your standards. Do you want to rent or buy?
Minimum month is about $1500 / month. You have to have it sent to a Uruguayan bank account monthly, your paystub from another country doesn't work.
One thing I can't find anywhere is if being financially independent and retired early qualifies you? If a person has assets that can provide themselves with income for life, but may be too young to receive pension. Would this work? I see everywhere that you have to have monthly income...
Yes, you must have a monthly income to qualify for Uruguay's pensioner visa.
the vaccine scheme certificate comes from my current country of residence ?
You need to be vaccinated to gt to Urugay ? Thank You
What are the income requirements for both temporary and permanent residencies?
Please book a consultation to get expert advice today. Thank you.
About $1,500 / month. If you have rental properties, that counts. You foreign paystub doesn't count.
On a spouse a person can work in Uruguay
Why do all that when i can just go to hungary it's the same hurdles to jump as Uruguay.
Hi there, I'm trying to figure out where you are originally from. Very hard to tell...😅
As much as I'd like to reveal my biggest secret to you.. I let the mystery continue 😂
@@NomadElite 😂
Lovely Shirt. Can I go to Live there permanently
Hi there, I have heard that many respectable expats (including many retirees) have lived in Uruguay for as long as 10 years and still not received citizenship consideration. Can you please address this concern? Btw, I am leaning more towards Paraguay for residency anyway ...then regularly visit Uruguay and Argentina ...while servicing my U.S clients. Thanks
Hello. Have these expats met all citizenship requirements?
@@NomadElite I don't know if they have, Gerald. But I feel it was "implied" that they had done all asked of them. Are you finding success getting Uruguay citizenships, or are you hearing differently? Again, I personally am leaning towards Paraguay, but am curious. Hey, personally, as long as I can visit Uruguay, I'm good. Loved your videos on Mercosur.
@@tracyshannon1795 I think there's a misunderstanding here. Uruguay does Grant citizenship for everyone who meets the requirements. The thing is; there's a constitutional disagreement in the country regarding whether immigrants are just "citizens" or also they are "nationals", or naturalized persons. For bureaucratic reasons that are not easy to explain, that means that the passports issued to these citizens are flawed, meaning that they cannot always travel abroad using the Uruguayan passport. That issue is being worked out
Great summary and analysis, as usual.
I love Uruguay (especially the people, the Country and the “asado”). I am from the neighbor state (in Brazil), btw. Uruguay is not as affordable as Paraguay, but it is worth every penny. And - unlike Paraguay - it has a decent Winter. Pros & cons, of course, and it all depends on each one's preferences. It can also be a little too quiet/boring for most of the year (a virtue, in my point of view, but many people could get depressed...except in December and January, along the coast).
Now - least the rules have changed (please correct me if I am mistaken, my last visit was quite some time ago):
*I think the vaccination certificates brought from abroad only apply if the applicant is 45 y/o or younger; and
** Depending on the value of the property purchased (either rural or residential), the requirements to live there for most of the time are flexibilized (*wouldn’t be a factor for us, we love it there, except in Punta Del Este on the peak of Summer). There used to be two tiers of value and correspondent minimum days per year, if I recall well... 🤔🧉
Thank you, Fabio!
What fo you mean by "entry permit" ? Does that mean requiring a visa? Please advice
Yes
Do you still need a Vax card ?
Just go to the health department and get another, they should have a copy on record if you lost yours.
@@BriarOlympusI think the question was, “Does the Uruguayan state still require a vaccination status card?”
Can these documents be in English? Criminal record? Bank statements? Etc etc
Once you get to Uruguay Im sure you can find a professional to translate the documents, but the best place to ask questions like this is the Uruguayan embassy or consulate
I thought public university in Uruguay was free, even for non-residents.
It is. He's probably talking about expenses related to getting the education visa.
Informative video ! I’m confused though by the title Woke Country ? Are you saying it is or isn’t a woke country ? Thanks
Thank you!
Wierdo...?
Being a 'woke' country is not necessarily a good thing.
What did you mean by a WOKE country in the title? I am Uruguayan and I don´t know what you mean...
Dice woke, pero a la vez tiene los brazos cruzados, como indicando la estupidez woke no entra en Uruguay
Advertencia: está lleno de zurdos...
that's the best part
Vaccine card???? WTF!!!
Hi I am from Bangladesh, can I covert my visit visa to work visa and how many years I need to live in Uruguay to get Uruguay citizenship?? Thank you very much
Please book a consultation with us to get expert advice today. Thank you.
Don't leave Bangladesh.
@@FairbanksForever-kt2em KKKKKKKKKKKKKKKKKKKKKK😅🤣😂
Do you want to come to the US?
It can be up to 5 years of residency