Nomad Capitalist Audio Experience

Pay 7% Tax Here For Life (and Free Citizenship)

9 snips
Jan 30, 2025
Discover the incredible tax benefits of relocating to Uruguay, including a mere 7% tax rate for life and options for 0% tax for over a decade. Learn about the fast-track citizenship process and how it provides a 'free' second passport. Explore the relaxed lifestyle and welcoming atmosphere that make Uruguay stand out. The podcast highlights financial advantages for entrepreneurs and digital nomads, along with insights into the country's safety, cost of living, and investment opportunities.
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ADVICE

Uruguay Tax Deal

  • Uruguay offers a 7% lifetime tax rate and an 11-year 0% tax option on foreign income.
  • Obtain Uruguayan citizenship in 3-5 years, enabling global travel and access to South America.
INSIGHT

Tax Rate Clarification

  • The 7% lifetime tax applies only to foreign income, not Uruguayan-sourced income.
  • Foreigners starting businesses or working in Uruguay will pay standard local taxes.
ADVICE

Company Location

  • Don't establish your company in Uruguay despite living there.
  • Maintain your company in a tax-friendly jurisdiction like Cayman Islands, Hong Kong, or BVI.
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