Uruguay country information
immigration, regulations on farmland property purchase, real estate taxes
Cerro Cora 1124
Immigration to Uruguay
Uruguay is one of the easyer countries to obtain legal residency (residencia legal permanente). Please view the the separate page immigration Uruguay
regulations of farmland property purchase
- foreigners : no restrictions apply. Foreigners, resident and non-resident, are treated the same as nationals and can purchase any lands of any size anywhere
Property transactions costs
- buyer’s commission : 3% +VAT, negotiable with large transactions
Taxes, capital transfer
- Uruguay taxes income (it was only introduced a few years ago), nationals on their world income, foreign legal residents on their territorial income (therefore excluding offshore income) rates naturally vary, 20% as rough figure might give an idea.
above mentioned characteristics compare favourably to taxes, regulations in Argentina (in farmland investments news)
Uruguay climate, soils and topography
Uruguay is situated entirely in the humid subtropics, with 1200-1400mm annual rainfall, statistically evenly distributed throughout the year, though in reality droughts do occur. It is however the most benign climate belt for both agriculture and livestock
The two maps below serve well to indicate Uruguay’s agri pontial in global comparison because they take all major factors into account.
The most fertile soils are found in Uruguay's western/southwestern fringe.
Uruguay's climate does not vary significantly regionally, shown below :anual rainfall and mean temperature
Global climate change effects on Uruguay
Projections mostly predict a milder temperature increase compared to other world regions, and slightly increasing annual rainfalls, so that the precipitation - evaporation balance of soil humidity should remain roughly unchanged, with slightly increased vegetation periods and hence slightly rising yields for crops like soya and corn (maize). Rainfalls may on the other hand become more erratic, causing damage through droughts and run off. In total, the balance of effects for the next 40-50 years should be roughly neutral.
This 2010 World Bank publication map on estimated effects on yields in 2050 mainly confirms that high latitude regions will gain and most others will loose. The map has severe shortcomings, it does not differentiate within such climatically diverse countries as Argentina or Chile which will have their distinct gaining and loosing regions, but confirms the rather benign outlook for Uruguay.
some figures, farming related, aproximate
- 1x Liter Diesel : US$ 1,75
cattle/beef in Uruguay, numbers for the year ending June 2012
Uruguay commodity prices, June 20-30.2012
- wheat US$/ton $250
(sources : www.camaramercantil.com.uy, www.acg.com.uy)
currency environment / stability
The Uruguayan Peso is freely convertible and has traded over the last 6 years rather close to 20:1 to the US$.
Disclaimer : Site content reflects the personal understanding of the matter by the author. Author does not guarantee its correctness and may not be held liable for it.