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Feted as “the Switzerland of the Americas” Uruguay is a success story; having followed its nearest neighbors Argentina and Brazil into recession in the early part of the new millennium, some shrewd financial planning – stabilizing the economy by attracting foreign trade and capital - and a nurturing of a return to democracy, Uruguay's leadership has navigated this little country through potentially dangerous waters to an emerging prosperity, and a middle class not seen in other Latin American nations. The character of Uruguay is strongly influenced by the descendants of Spanish and Italian immigrants and is considered to have the most “European” culture in all of South America. This bodes well for foreigners wishing to live and invest here – apart from a certain sluggish bureaucracy when it comes to paperwork; everything else is surprisingly efficient and recognizable. American businesses have reported that government corruption is not a barrier to foreign investment and Uruguay is the second least corrupt country in Latin America after Chile.
In addition to a potted history of how Uruguay got where it is today, there are details of climate; quality of life; and where to buy – in the culturally rich capital Montevideo or the rich beachside resort of Punte del Este. There’s also a comprehensive list of resources – numerous links and a directory of personally recommended English speaking realtors, lawyers and financial advisers. The author also gives very pertinent advice…..research and research before you visit – remember Uruguay is a different country, with a different culture, economy and legal system Once there, ask plenty of questions; if these are not answered in this must-have guide, Mr. Hammond can certainly tell you where to find them. |
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