Uruguay is one of the greatest investors’ paradise in Latin America, hidden from financial turmoil facing the world’s largest economies. With its vast beautiful beaches and gently rolling farmlands, anyone can understand why so many investors are directing their focus to this great country. The country’s real estate market is particularly thriving and the great weather favors the growth. Uruguay enjoys a mild weather throughout the year, no natural disasters plus large water resources. The country’s education is excellent as 97% of the nationals are literate, the healthcare if wonderful and crime is at a very low rate. When it comes to property taxes, they are incredibly low. The country has few mortgages as all real estate purchases are made in cash, which means that there will never be a real estate crash, hence a good marketsecurity. In a city such as Punta Del Este, you can purchase a condo, rent it out for January and February and the returns will be enough to finance all your taxes, expenses among other things… for a whole year! The average returns on property investments in a city like Punta Del Este is about 3% in a year. Making investments in property in the country is not a get rich quick affair, but it’s a great opportunity to store the wealth and grow it in the long run. Getting second residence and if interested, second citizenship is so simple. The process is usually daunting for many as most applicants usually stumble on the way due to so many regulations and restrictions. With Uruguay, things are pretty easier; you don’t have to have an investment and the entire process is just simple. You only need 12 months to obtain a permanent residence in Uruguay and about 3 years to become a citizen and get your Uruguayan passport. The bottom line South America is on the lime light as some of the barriers that inhibited unification of the continent are removed through trade agreements among the countries. More investment opportunities are popping up as international investors gain interest in the continent as whole. As large countries such as Brazil and Argentina can forge their way ahead on their own, smaller countries such as Colombia and Paraguay need unions to make them at a better competitive position. And that is exactly what is taking place now. Apart from just investing in these countries, you can as well seek for permanent citizenship which will eventually see you hold your second citizenship and passport.
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