Lush tropical palms, pristine beaches, and a relaxed way of life are something most of us dream of as a perfect place to play or retire, and living in Uruguay could be the dream come true. Uruguay is the most economically developed country in South America with a high gross domestic product based on agriculture. The growth in tourism has placed Uruguay as one of the most preferred places to visit and live and has propelled the country to be the highest rated country in Latin America on Legatum’s 2010 Prosperity Index.
A favorite of investors, Uruguay has a stable democratic government and its primary bank, Nuevo Banco Commercial and loan bank, Pronto, has recently been bought by Canadian-based Scotia Bank. With little crime and corruption, its military is reimbursed by the UN, since it is deployed by the UN as Peacekeepers. There are many tax advantages to foreign investors, and only income generated within the country is taxed. The city of Chuy is tax-free and is a shopping mecca.
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The people of Uruguay are Spanish speaking and early settlers were from Spain, Italy, and Portugal. Education is important and it was the first country in the world to provide laptop computers to all of its students along with wireless Internet.
With plenty of things to see, do, and enjoy, Uruguay draws tourists and expatriates to return and stay in a country that is emerging as a destination for those who wish to savor the relaxed lifestyle that Uruguayans are known for. The untouched beauty of the interior, the modern amenities of the cities, and the congeniality of the citizens make Uruguay a wonderful place to visit or live permanently.
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