Uruguay is a country in South America, which is known for its high quality of life, good social sphere and favorable employment prospects. Also, in recent years, the local tax system has become a real magnet for digital nomads. Find out what the advantages and disadvantages of moving to Uruguay are

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Uruguay is an ideal country to move to in South America, because it combines Latin American and European cultures, progressive politics, tax benefits, high level of security and beautiful nature. Since the country welcomes expats from all over the world, you won't have to get used to a new environment after moving.

What are the advantages, disadvantages and features of life in Uruguay? We tell.

Climate in Uruguay

Uruguay is located below the tropical zone and has four seasons. The average temperature in summer is 28°C, at night – 17°C. The average temperature in winter is 14°C, at night – 6°C.

Since Uruguay is in the southern hemisphere, the seasons here are different, with summer in December, January and February, and winter in June, July and August.

Infrastructure in Uruguay

Uruguay is also among the best countries in the region when it comes to infrastructure. Here you will find a good overall road system, the most reliable electrical grid and one of the fastest overall internet speeds in Latin America. The country is also distinguished by high-quality medical care, safe drinking water and good public transport.

Pros of living in Uruguay

1. Favorable tax policy

Uruguay offers good tax incentives for new residents. In particular, during the first 11 years, the tax on foreign income is 0%, and then it increases to 12%. In addition, you can choose a flat tax of 7% on worldwide income. There is also no wealth tax for the first six years, making Uruguay a financially attractive destination for expats and retirees.

2. High level of technology development

Uruguay is a promising technological center in Latin America. The country has one of the fastest internet speeds in the region and was one of the first to adopt 5G. Also interesting is the fact that since 2009, 100% of primary schools have laptops.

3. A simple procedure for obtaining a residence permit and citizenship

Uruguay offers an easy path to residency and citizenship, including:

- A residence permit can be obtained in just two years.

- Citizenship can be issued within 3-5 years after obtaining a residence permit.

With a Uruguayan passport, you get visa-free access to 153 countries, including most of Europe and parts of Asia.

4. Uruguay is a leader in the issue of civil liberties

Uruguay's constitution guarantees freedom of speech and the press, reflecting Uruguay's strong commitment to human rights and progressive values. The country is also a leader in the issue of civil liberties, in particular same-sex marriage and marijuana were legalized here in 2013, long before many other countries.

5. Wide opportunities for startups

Tax-free zones for technology companies contribute to the increase in the number of startups in the state.

6. High quality of life

Uruguay is the leader in South America in terms of quality of life. With a universal health care system and rich cultural traditions, Uruguay offers a relaxed yet vibrant lifestyle.

7. Favorable cost of living

Life in Uruguay is more affordable than in US and European cities, but the country is a bit more expensive compared to some of its South American neighbors.

8. Political stability

Uruguay stands out for its long-term political and economic stability. With no coup attempt since 1972 and consistent rule of law, the country is a magnet for investors and digital nomads looking for a safe, predictable environment.

9. Perfect balance between work and personal life

With 20 paid vacation days, five public holidays and beaches just a short drive from Montevideo, Uruguay offers the perfect mix of work and leisure.

10. Uruguay is the main financial center of South America

Uruguay boasts a reputation as a strong financial center with strict bank secrecy laws and a growing cryptocurrency presence. The country is positioning itself as a key player in South American finance. This factor attracts international business and investors to the state.

In order to safely move, travel or work in a new country, you will need health insurance. You can issue an extended policy on our website using the link.

Cons of living in Uruguay

1. Expensive imported goods

In Uruguay, imported goods such as cars, furniture, electronics, and processed foods are more expensive than in the United States. Gasoline and electricity can also be more expensive.

2. Cold winter

If you are looking for a valley of eternal spring, Uruguay is not the place for you, because it has 4 seasons. In winter, it can be colder here than you might expect, because the country has high humidity and wind. Many winter days people wear coats, hats and gloves.

3. To work, it is necessary to speak Spanish

For most jobs in Uruguay you will need to speak Spanish. While many employers are happy to hire native English speakers, they also want you to speak Spanish.

Is Uruguay a safe country to live in?

Uruguay is the safest country in South America. It is an economically and politically stable country, and the crime rate here is very low. Taxis and other means of transport are extremely safe and the risk of pickpocketing is not a concern. You can also take a carefree walk in Montevideo at 3:00 a.m. - this is a luxury that can rarely be found in other capitals of South America.

So, Uruguay is a great country to move to, as it offers a unique combination of safety, progressive policies and tax benefits that make it an attractive destination for expats and digital nomads, but be sure to weigh all the pros and cons of moving here before moving.

We will remind you! Rich cultural heritage, stunning natural beauty and colorful cuisine attract millions of tourists from all over the world to South America. However, safety is the most important criterion when choosing a travel destination. We have already talked about the safest countries in Latin America.

Ihor Usyk - head of Visit World's legal department

To organize a safe move to Sweden, I advise you to contact a specialist. My colleagues, qualified specialists with legal education, will help you avoid unpleasant situations when traveling abroad.

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