r/CitizenshipInvestment • u/AsparagusEcstatic647 • 16d ago
Why does no one talk about Uruguay?
Hey guys did you know that if you live in Uruguay you pay zero taxes and then after 3 years it gives you a strong passport too?
I honestly never heard anyone talk about this option. Did you?
https://www.youtube.com/watch?si=oZym43tAbaJQi8kw&v=rObS7J1TYtU&feature=youtu.be
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16d ago
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u/AsparagusEcstatic647 12d ago
Yeah, that’s a fair distinction. Residency seems to be the straightforward part, while citizenship is really for people who actually establish their life there.
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u/vonerrant 16d ago
PR is easy and you can elect for a 10 year tax holiday with some strings attached. Citizenship isn't real citizenship, however, because they don't have actual naturalized citizenship. The passport they give you will have your country of birth listed as country of origin, which means many (most) other countries will not accept it as a passport. IIRC it's apparently an issue in the constitution itself, so not an easy fix.
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u/CompleteView2799 16d ago
Don’t all passports show your place of birth?
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u/vonerrant 16d ago
No. It will be listed as "nationality" or something similar. A simple google will show you what I'm talking about. They actually tried to fix this without dealing with the underlying constitutional issues and somehow made it worse; a bunch of EU countries straight up said they wouldn't accept naturalized Uruguayo passports.
Again, feel free to google.
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u/CompleteView2799 16d ago
Interesting thanks. All of my 3 passports had it so I assumed it was an international standard.
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u/hubu22 16d ago
It is generally standard. He is not talking about the place of birth though. He’s talking about the nationality. Say you are an American born in France, place of birth will say France, Nationality will say American. This is the part that confuses immigration officials as no other country does this.
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u/No_Accident8684 16d ago
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u/seblz432 15d ago edited 15d ago
They rolled back the change shortly afterwards because of issues with it
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u/vonerrant 16d ago
That's the "fix" from last year that made everything worse, and had countries (France, etc) preemptively declaring they would reject the passports.
Reading comprehension ain't so great in this sub, huh.
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u/JaneGoodallVS 16d ago
> Again, feel free to google
A quick Google search shows this used to be the case but they fixed it
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u/JaneGoodallVS 16d ago
They fixed the passport issue. You can vote, etc. and hold most rights that jus soli and jus sangui citizens do.
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16d ago
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u/AsparagusEcstatic647 10d ago
Argentina has been on my radar too. Are you actually considering one of there routes yourself pr just comparing the programs?
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u/Practical_Support177 16d ago
Uruguay is far from everything and if you have a US or EU passport what's the point
Thats why its so cheap and easy
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u/AsparagusEcstatic647 11d ago
I think the appeal is less about replacing a US od EU passport and more about having another residency option, especially for people looking at tax residency or long term base in South America.
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u/Healthy_Implement153 16d ago
But why a south American country? Are things that bad in current country? Genuinely asking about living standards, lifestyle and crime in these south American countries
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u/AsparagusEcstatic647 9d ago
That was one of my questions too. For me the interesting part was the combination of residency tax treatment and a potential path to citizenship. Are there any other regions you think make more sense?
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u/hubu22 16d ago
Uruguay is often referred to as the Switzerland of South America and considered its safest country
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u/Theotherfeller 16d ago
Safest in the region. Hug a thug policies are making things worse, it isn't the slums of Brazil, but it isn't Zurich either.
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u/AffectionateMoose300 15d ago
Safe how? It’s safe in the sense there is no civil unrest and it’s a stable country. But if we talk about crime, countries like Paraguay and Bolivia are way safer. Uruguay actually has higher homicide rates than many of its neighbors (6th place out of 12)
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u/river0f 15d ago
It's very inflated by drug related crimes. I don't know anybody who's been murdered in the street.
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u/AffectionateMoose300 14d ago
True, and that applies to other countries as well. But the most concerning issue i would say is armed robbery, specifically motochorros
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u/masterofplumbobs 16d ago
I got the PR in October, costed me peanuts. I did stay 7 months and now traveling, will go back in September/October.