Comments on: Bringing Household Goods Duty-Free—PART TWO http://www.uruguayliving.com/2008/05/24/bringing-household-goods-duty-free-part-two/ Sun, 10 Jul 2011 12:30:58 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: interdev http://www.uruguayliving.com/2008/05/24/bringing-household-goods-duty-free-part-two/comment-page-1/#comment-723 interdev Wed, 13 Aug 2008 18:00:08 +0000 http://www.uruguayliving.com/2008/05/24/bringing-household-goods-duty-free-part-two/#comment-723 Send me an eMail and I will foward you the latest law related to this subject, which was recently signed by the President. Send me an eMail and I will foward you the latest law related to this subject, which was recently signed by the President.

]]> By: sharon42 http://www.uruguayliving.com/2008/05/24/bringing-household-goods-duty-free-part-two/comment-page-1/#comment-722 sharon42 Wed, 09 Jul 2008 20:53:12 +0000 http://www.uruguayliving.com/2008/05/24/bringing-household-goods-duty-free-part-two/#comment-722 Hi All My husband and I applied for residency the first week of November, 07. We have just been notified (July 3) that we have been accepted as permanent residents. Our cedulas will be made when we make the trip back to UY. Thats only 8 months so guess sometimes it is possible to get it in less than a year. Sharon Hi All
My husband and I applied for residency the first week of November, 07. We have just been notified (July 3) that we have been accepted as permanent residents. Our cedulas will be made when we make the trip back to UY. Thats only 8 months so guess sometimes it is possible to get it in less than a year.
Sharon

]]> By: Lee Harrison http://www.uruguayliving.com/2008/05/24/bringing-household-goods-duty-free-part-two/comment-page-1/#comment-719 Lee Harrison Tue, 17 Jun 2008 23:33:09 +0000 http://www.uruguayliving.com/2008/05/24/bringing-household-goods-duty-free-part-two/#comment-719 David, I brought my things in almost a year prior to getting permanent residency, and you do in fact have to post a bond (called a guarantee), for 100% of the “value” of the shipment. The value is basically whatever you say it is. With a bit of help from Aduana, I valued mine at $12,000 for everything in my house in Punta del Este and my apartment in Montevideo. I was given three options for the guarantee. One was to give the $12,000 directly to Aduana. I didn’t like that option, since no one apparently does it and there seemed to be little precedent for how to handle my money once it was there. The next option was to secure it with insurance. I was quoted a premium of about $450, and told I’d have to put 50% down. So that ties up $6,000, plus you’d pay the $450 premium. The last option was to secure it via Banco de la Republica. In this case, you buy a Certificate of Deposit for $12,000 (or whatever your value is), and the bank guarantees that they won’t let you cash it in until Aduana signs off on the fact that you’ve gotten residency. They charge 1.2% of the value to issue the guarantee. So I paid $144 for the guarantee, but since I collected interest on the CD, it actually cost me less than that. Once I got residency, I took a copy of my new cédula, the CD, and a certification from Immigration to Aduana, and they signed off the same day. True, it tied up $12,000. But at least it was in my own account, with me getting the interest…little that it is. To me, it was worth it to get everything shipped to me a year before I finally got permanent residency. David,
I brought my things in almost a year prior to getting permanent residency, and you do in fact have to post a bond (called a guarantee), for 100% of the “value” of the shipment.

The value is basically whatever you say it is. With a bit of help from Aduana, I valued mine at $12,000 for everything in my house in Punta del Este and my apartment in Montevideo.

I was given three options for the guarantee.

One was to give the $12,000 directly to Aduana. I didn’t like that option, since no one apparently does it and there seemed to be little precedent for how to handle my money once it was there.

The next option was to secure it with insurance. I was quoted a premium of about $450, and told I’d have to put 50% down. So that ties up $6,000, plus you’d pay the $450 premium.

The last option was to secure it via Banco de la Republica. In this case, you buy a Certificate of Deposit for $12,000 (or whatever your value is), and the bank guarantees that they won’t let you cash it in until Aduana signs off on the fact that you’ve gotten residency. They charge 1.2% of the value to issue the guarantee. So I paid $144 for the guarantee, but since I collected interest on the CD, it actually cost me less than that.

Once I got residency, I took a copy of my new cédula, the CD, and a certification from Immigration to Aduana, and they signed off the same day.

True, it tied up $12,000. But at least it was in my own account, with me getting the interest…little that it is. To me, it was worth it to get everything shipped to me a year before I finally got permanent residency.

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