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Economy
The
economy of Uruguay is based on cattle farming, agriculture, mining
and generation of hydroelectricity. Added to all these, tourism
alone constitutes 7% of the GDP of and creates more than 110, 000
direct jobs. Development of connectivity, infrastructure and
associated services has immensely multiplied the opportunities for
tourism. This in turn has added to the economy of the country and
property for sale Uruguay has become a real attraction for
investors.
As
an investor, you will find the favorable climate for business, fiscal
stimuli, consolidated democratic system and social stability. And if
you are a foreign investor, you will not find any discrimination with
regard to tax liabilities and transfer of profit abroad. You do not
have to obtain prior registration for investing in Uruguay
property for sale. You can have complete secrecy and
confidentiality on tax and on your banking transactions.
One
of the main reasons for the real estate Uruguay becoming so
popular is the role played by Zonamerica, for the economic
development of the Free Zone in Uruguay, which is the best in Latin
America.
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Favored Place of Residence
If
you intend to settle down permanently in Uruguay, you can either go
in for constructed buildings or apartments or may opt for Uruguay
land for sale. The smaller communities are quite friendly and
amenable and you will enjoy staying with them. The mild weather and
refreshing sun shine provide keep you physically and mentally
healthy. You get a better quality of life with a lower cost of
living. You are ‘safe’ from any act of terrorism, social unrest
or racial xenophobia. What is more is the proximity to Rio de la
Plata and the Atlantic Ocean.
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Democratic Governance
The
clear set of rules of the government encourages healthy market
economy and the Uruguay real estate for sale by owner comes
into play in economy of the country. You get a transparent and equal
treatment
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Tax Benefits
You
can get tax benefits if you fall under the middle and lower income
group of population and are intending to avail the privilege of real
estate Uruguay.
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Banking System
The
financial system of Uruguay is controlled by the Central Bank of
Uruguay and is composed of the Bank of the Oriental Republic of
Uruguay (BROU). If you want to purchase any property, you can
avail credit from these banks and the Uruguayan Mortgage Bank and
private banks.
The
Uruguay Beach House for Sale offers you a number of options
such as condo buildings in Punta del Este, world class luxury towers,
homes for summer vacation and homes for living year-round, You can
get facilities of gyms, saunas, indoor and outdoor social areas ,
parks, markets and high level of security.
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