A new article from one of the most reliable sources of information for those contemplating retirement abroad sings the praises of Uruguay.
“The Nuts and Bolts: What You Need to Know About Retiring in Uruguay“ is the title of the piece co-written by International Living editors Suzan Haskins and Dan Prescher. They travel extensively throughout the country interviewing several North American and European retirees who chose Uruguay for retirement.
Among the many benefits listed are the ease of obtaining legal residency, the ability to pack and ship a container of household goods to Montevideo duty-free, the lack of restrictions on foreign ownership of property, the ease of transferring funds in and out of the country, relatively low property and capital gains taxes, solid infrastructure and public transportation, cheap high-speed Internet and quality health care at affordable prices.
The Huffington Post headline eventually made headlines back in Uruguay where El Pais summarized: “According to this article, foreigners who decide to retire in Uruguay spend somewhere between US$2,000 and US$4,000 per month.”
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