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UruguayLiving.com

 

The journal of an Emigrant from Florida who spent almost 5 years in Uruguay...
 

Archive for the 'Law' Category

Legal Report on Tax Law Reform in Uruguay

Posted by The Southron on August 27th, 2010

The Southron commissioned the following report to be prepared by the ONLY attorney he recommends, Dr. Mark Teuten of Teuten Abogados (http://www.teutenabogados.com/ebrochure/english/index.html).  It is offered here for your information. Introduction: The Executive has sent a text to the Uruguayan parliament which would incorporate major changes in the current regime of Income tax, Asset tax and [...]

More on the New Tax Law

Posted by The Southron on June 21st, 2010

The following was sent to me by a local attorney.  I am not sure whether the information is correct of not.  I am still in “watch and see” mode, but I hope he is correct. Unfortunately, much of what the press articles and blogs have been saying is more alarming than the reality. It has [...]

Yellow Light: You better think twice about living in Uruguay!

Posted by The Southron on June 17th, 2010

After more than 4 years of living in Uruguay and promoting it to the world as a good place to live and in which to invest, I must now, in all fairness, tell you that things have changed…for the worse. In the last four years I have seen a negative trend that leaves me shaking [...]

The Joys of Doing Business in Uruguay

Posted by The Southron on October 12th, 2008

By now, most everyone knows that in Real Life (if you can call it that) I work in the offshore banking industry.  We do no banking in Uruguay–because it is slow, expensive and difficult–but we do have am administration office here. As a normal part of our  business we open financial accounts with various institutions [...]

Bringing Household Goods Duty-Free—PART TWO

Posted by The Southron on May 24th, 2008

Judging from the phone calls and conversations I have had, it seems as if some people just don’t understand (or refuse to understand?) plain English. In my previous post, I quoted attorney Mark Teuten as saying, in part, that housebhold goods…”can be brought in free of tax within 6 months of the grant of permanent [...]

Bringing Household Goods Duty-Free

Posted by The Southron on May 17th, 2008

For months there has been a discussion regarding rules on bringing household goods into Uruguay duty-free.  As usual, there are many conflicting sources–even among the various websites hosted by the Uruguayan government and its consulates in various countries. Attorney Mark Teuten graciously volunteered to do the legal research for us and provide us with a [...]

Buying a pig in a poke: the language bait-and-switch.

Posted by The Southron on March 1st, 2008

As much as I love living in Uruguay, there are some things that I don’t like. (Of course, I might even complain about the choice of music sung by the heavenly choirs in the celestial realms…) Nevertheless, it is my responsibility to report both the good and the bad, so that you don’t make some [...]

The first shall be last, and the last shall be second…

Posted by The Southron on February 13th, 2008

The Copperhead was the first one of our group to file for his residency and get his “in tramite” visa. I was second, and Borko, who showed up a year later, was last. On Monday I collected my new permanent Cedula at the DNIC. On Friday, exactly 1 year after arriving in Uruguay, or go [...]

Speak now, or else forever after hold your piece!

Posted by The Southron on October 8th, 2007

Today Santiago and Mikey had a meeting with a senior official in Government regarding the work we have been doing promoting Uruguay. The upshot of the meeting was that they really like what we have done with our various websites and want to work more closely with us in promoting immigration and investment into Uruguay. [...]

The US$80,000 earned income exclusion and the New Uruguay Tax Law

Posted by The Southron on July 20th, 2007

This post is only useful for citizens and refugees from the USA (and the occupied Confederacy). The big question is how do we keep our US$80,000 exclusion on earned income without running afoul of Uruguay’s new personal income tax. I wrote about that previously in Avoiding the US/UY tax trap… As you may know, my [...]


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