Buy a Property in Uruguay and Get Residency

Those who want to buy properties in Uruguay to get residency have two options: to access the residency by investment program, which also includes tax residence, or to complete the purchase directly. There are several differences between the two choices, and our local specialists will explain them below.

If you want to apply for Uruguayan residency by investment and buy a property, our golden visa agents can help you.

How to buy a property in Uruguay and get residency

Uruguay is one of the golden visa countries in which you can obtain residency through several means. One of them is property purchase. What you need to know about this option is that you have two choices:

1. You buy a property in Uruguay and obtain residency by investment without being required to live in the country (you will, however, need to come to the country at least once a year);

2. You purchase the property and must also live in the country to obtain Uruguayan residency by investment, which also includes tax residency.

The third choice is to go to Uruguay and simply acquire the property you want without applying for residency.

Our local agents specialize in offering support to those interested in residency and citizenship by investment countries, so we can help you apply for a golden visa in Uruguay.

Please note that to secure Uruguayan permanent residency by investment, you need to wait between 4 and 12 months due to the large number of applications. Until a permanent residence card is issued, you will be granted a 2-year temporary residency.

How to obtain Uruguayan residency by investment without living here

If you simply intend to buy a vacation home in Uruguay, the golden visa program is a great option for you. For this purpose, you need to purchase a property with a minimum value of USD 2,2 million or its equivalent in UYU. This is similar to the business investment option.

This is also a good choice if you are interested in an investment through which you can recover the capital injected by renting it throughout the year.

Buy a property and obtain residency by moving to Uruguay

If you plan to stay in Uruguay for a period of time during the year, the residency by investment option where you acquire a property worth at least USD 525,000 is a good choice. The minimum period to spend in the country is 60 days per year. This way, you can also opt for tax residency in Uruguay.

No matter the choice you are interested in, you can work with our local consultants for support in Uruguayan permanent residency by investment.

Documents required to buy a property in Uruguay and get residency

The list of documents to prepare in order to obtain Uruguayan residency by investment through real estate acquisition contains:

• a valid passport;
• the birth certificate;
• a health insurance;
• a clean criminal record;
• proof that you have the investment amount;
• recent photograph;
• proof of payment of the application fee.

Please note that you can also relocate to Uruguay with your family. In this case, the application file must also contain your dependents’ passports, birth certificates, marriage license, and their photos.

The main advantage of moving with the family through the golden visa in Uruguay is the possibility of becoming eligible for citizenship in 3 years rather than 5 years if you migrated alone.

Why immigrate to Uruguay

If you plan to apply for residency by investment and relocate to Uruguay, here are some of the reasons why you would make a good choice:

• you can obtain citizenship after 3 years, which is one of the shortest waiting periods in South America;
• you can travel to more than 150 countries with a Uruguayan passport according to the Passport Index;
• living costs in Montevideo, the capital of the country, are at least 15% lower compared to those of large European capitals.

If you want to buy a property in Uruguay and get residency and assistance, please contact our golden visa specialists.