Economics
Got $500,000 and 90 Days? Uruguay Might Have an Offer for You
The president-elect is considering changes in tax-residency rules to woo people to the ‘island of tranquility.’
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The way Uruguay’s president-elect sees it, his government will face a couple of problems: too few residents and too little investment. Well, why not make the country so attractive to well-heeled foreigners that they’ll pack up and move there, solving both with one blow?
“It seems to me that it’s generally accepted that Uruguay would benefit from 100,000 or 200,000 more people,” Luis Lacalle Pou said in a national radio interview last week, explaining changes he wants to make in tax-residency rules in the nation of 3.5 million.