Uruguay
Uruguay is a stable, treaty-connected base where foreign salary is outside the tax net and new residents can exempt foreign dividends, interest and gains for 11 years. The regime changed on 1 January 2026: the flat 7% option is closed to newcomers, foreign passive income is otherwise taxed at 12%, and the 11-year holiday now requires either spending more than 183 days a year in Uruguay or a large property or fund investment.
Latitax verdict
An 11-year holiday on foreign passive income for new residents who meet the presence or investment test, in South America's most stable country.
Ideal for: Investors living off foreign dividends and interest who will spend real time there.
Ask Latitax about UruguayBuild my Move Plan to UruguayCompare Uruguay with other destinations →At a glance
Headline figures. Conditions, thresholds and every note are in the full file.
Income tax, top rate
Verified36%
Capital gains
Verified12%
Inheritance / estate
UnverifiedNone
Wealth tax
Secondary0.1% for residents (Uruguayan assets only)
Corporate tax
Secondary25% (IRAE)
Tax system
VerifiedSource-based, but foreign passive income taxed at 12%; 11-year holiday for new residents
Research, not advice. Rates change; confirm with a qualified professional before acting. 8 official sources, reviewed 2026-09-29.