Uruguay country information
immigration, regulations on farmland property purchase, real estate taxes
Cerro Cora 1124
Immigration to Uruguay
Uruguay is one of the easier 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.
some geographic datamore uruguay soil maps
more uruguay climate/rainfall maps
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.
Germany's Lateinamerika Verein's December 2014
country report on Uruguay
states that Uruguay with its 3 million people can feed 28 million people. That should be the best such ratio (population to food production potential) in the entire world, a world that has seen the ratio arable land per capita halve to 0,2 hectare over the last decades.
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 its 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 Uruguay economic data
GDP $57.11 billion (2013 est.)
GDP - composition, by end use:
GDP - composition, by sector of origin:
Unemployment rate: 6.5% (2013 est.)
Taxes and other revenues: 30% of GDP (2013 est.)
Break up of Uruguay’s export earnings by agri commodity type. Weaker global prices of grains and soya will take their toll on export earnings in 2015, estimates shown below. Reduced earnings in grains and soya will be partly offset by an estimated US$500m earnings increase in pulp, with at least one giant paper mill coming into production
currency and foreign trade
The Uruguayan Peso is freely convertible and has traded over the last 10 years within a 18:1 to 25:1 range to the US$.
political risk perception
Marsh & Maplecroft, the economics intelligence providers, rate Uruguay as "Low Risk" as political country risk for foreign investors, for 2013 and again 2014. Of all countries of the Americas, it is a rating they only apply to the US, Canada, Chile and Uruguay.
above mentioned characteristics compare favourably to taxes, regulations in Argentina (in farmland investments news)
some figures, farming related, aproximate
- Diesel fuel per litre : US$ 1,75
cattle/beef in Uruguay, numbers for the year ending June 2012
Uruguay commodity prices, Mar 20-30.2015
- wheat US$/ton $215
(sources : www.camaramercantil.com.uy, www.acg.com.uy)
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.