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Is This the Switzerland of South America?

2024-03-15 Education
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Nomad Capitalist
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Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Get on the waiting list and join us for the next Nomad Capitalist Live: https://nomadcapitalist.com/live/ Today, we unveil two of South America's best-kept secrets: Uruguay and Paraguay. Often overlooked in favor of their more prominent neighbors, these hidden gems offer a unique blend of breathtaking landscapes, favorable tax regimes, and unparalleled personal freedom. Whether you're contemplating retirement, seeking business opportunities, or simply craving a change of scenery, Uruguay and Paraguay offer compelling possibilities for the intrepid explorer. 00:00 Start 00:51 Taxes in Uruguay 2:55 Lifestyle and Affordability in Uruguay 3:53 Personal Freedom in Paraguay 5:48 Political and Social Differences 6:25 Are Residence Permits Easy to Get? 8:49 Quality of passports in Uruguay and Paraguay Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where you're treated best." Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home. Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far. If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson’s Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Top Comments (10)

@tommy0814 2024-03-15

Spent time in both and I personally prefer Uruguay for the scenery at Punta Del Este, and the overall safety too. Paraguay has cheaper meat, I stayed by Paseo La Galeria and Shopping Del Sur last year in Asuncion for 2 months, the steakhouses are awesome and cheap. That’s the new city center of Asuncion, it’s okay for staying for a while, but easily gets boring after a few weeks. The parks or rivers in the countryside has poor development. Main problem being Paraguay is not as developed as Uruguay in the countryside, and the old cities are more run down. Plus there’s less natural scenery in Paraguay as it’s mainly a plain. Personally I’m used to country or suburban life in California Nevada and Colorado. Uruguay shares similar feelings when it comes to the quietness and lifestyle. Especially in the coastal suburbs in Montevideo. And near Trump Hotel in Punta Del Este, it’s sparkling clean, empty streets, modern buildings, fabulous too. A trip from Montevideo to Punta Del Este shows the infrastructure of Uruguay is generally very good. And for big city lifestyle, Punta Carretas in Montevideo is very good too. Montevideo’s city life is way better than Asuncion, a daily bike ride by the sea is just fabulous in Montevideo. Lively and safe. Although the costs of things are way higher in Uruguay. An issue I had in Uruguay was the internet speed in Uruguay, however with Starlink it should be great. Paraguay for affordability. Uruguay for lifestyle.

124 14 replies
@jasontoddchampion 2024-03-15

I'm an American and I've been living in Uruguay for the past two years, and I love it. In a lot of ways (especially healthcare) it's an upgrade from the USA. I feel safer, freer, and the only thing I really miss is cheddar cheese. The Spanish takes a lot of getting used to if you're only familiar with Mexican Spanish, and there is a fair amount of bureaucracy, but it's all manageable and part of the adventure. I have a software business in the US that pays the bills, and Uruguay, as a country with a population that isn't really growing, is very welcoming to new residents. I've heard that looking for work here is hard if you're a foreigner, so you should have your finances in order before coming.

103 14 replies
@Pocri485 2024-03-15

I'm in Paraguay right now and it's hot like 104 f with humidity. Quality of life suffers in this heat.

97 33 replies
@jaws2003 2024-03-15

I've been to Paraguay twice and like it there a lot!!!

41 4 replies
@ErnaBjørn 2024-03-20

As a Norwegian who lived in Uruguay, I really liked the country, educated people, and well-developed cities, of course it's far from being the same as Switzerland, but if I were to choose which country to live in after Norway, it would definitely be Uruguay

40 1 replies
@gustavogoncalves3900 2024-03-15

These both are the best countries in south america these days! Im from Brazil and planning moving to Uruguay cause Paraguai is to much heat for me

34 7 replies
@longlostkryptonian5797 2024-03-15

I couldn’t express my gratitude enough for the information provided by NC. I not only learn something new but also useful every time.

26
@DF-by7gy 2024-03-18

Many complain about Uruguay government is not fulfilling obligations in regard to permanent residency.

8
@IchiMuNoOtoko 2024-04-16

If you want action, then you take the ferry across the bay to Buenos Aires. If you want to chill ... Montivideo or any seaside community is a great place.

7
@EntertainmentZone-jw6bq 2024-03-22

uruguay is beautiful, the people are extremely nice and polite

3

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