More Foreigners Discover Benefits Of Retiring In Uruguay

Patrick Archer lifestyle, real estate, uruguay

Retiring in Uruguay

Uruguay’s advantages include ease of ownership, quality health care and infrastructure. (Photo: Huffington Post)

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.”

Earlier this year, Uruguay was named among the world’s best retirement destinations while Montevideo was named the best city for retirement in Latin America. (Full Story in Spanish)

For more information about living and investing in Uruguay, simply complete the form below.

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