Uruguay’s 11-Year Tax Holiday or 7% Tax For Life?

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Oct 2, 2025

Discover why Uruguay is dubbed the 'Switzerland of Latin America' with its unique blend of lifestyle, safety, and tax benefits. Explore the enticing 11-year tax holiday for new residents, allowing for tax-free foreign income. Learn about a 7% lifetime tax on certain passive income and the nearly 1% effective tax for businesses. Delve into the advantages of economic free zones and the practical paths to immigrate. With political neutrality and secure banking, find out why this country is a top pick for investors and expat entrepreneurs.

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INSIGHT

Uruguay As The Switzerland Of Latin America

Javier Correa calls Uruguay the "Switzerland of Latin America" for its safety, banking, neutrality, and European lifestyle.
He highlights Montevideo and Punta del Este as cultural centers with theaters, museums, and European-style living.

INSIGHT

European Lifestyle And Culture

Uruguay offers a notably European cultural vibe compared with Panama's Miami-like feel.
Correa emphasizes arts, fine dining, and wine culture as central lifestyle attractions.

ADVICE

Use The 11-Year Tax Holiday

If you become a new tax resident in Uruguay, opt for the 11-year tax holiday to treat foreign income as tax-free.
Use this regime to keep foreign dividends, interest, and business profits effectively untaxed while living in Uruguay.

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Today Javier, the Tax Terminator, talks to us about Uruguay, which he refers to as the “Switzerland of Latin America!" He shares why Uruguay earns this title by focusing on three main areas: the lifestyle, the taxes and the immigration. Uruguay also stands out as a safe haven for banking, political neutrality, and wealth preservation, making it an attactive option in Latin America for investors and entrepreneurs.

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