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As we write in many sections living in Uruguay having income from another country is very beneficial and you could save a lot of your money by lowering living expenses.In terms of investment labour costs being considerable lower compared to developed countries and serious legal atmosphere make investment attractive.
Living in Uruguay is cheap. Ranking indexes show that. Go, check and you'll see it. Our project is to promote tourism and also help get residence permits to those looking to lower their living expenses and willing to live new experiences in life such as knowing a new country, culture, language, etc; but essentially having the attitude and feeling of being Out.
The exchange rate has been more or less the same for the last 4 years. The economic policy of the government is to keep the local exchange rates the same. You think inflation is high? Along with keeping value of currency fighting inflation has been the another priority of the former (right-wing) government and also the current (left-wing) administration. See more at Easy Come Easy Go
Uruguay has signed TIFA (Trade and Investment Framework Agreement) with many countries (including the United States) and Uruguay is a member of Mercosur.
Though living conditions for local population have been improving, the living standard still significant different from that of a developed country. So, if you are not going to get income from abroad or do not have a job for an international company be conscious that your stardard of life will change a lot. We do not try to discourage people to work in Uruguay but we need to warn those seeking employment in Uruguay that wages are not very high to the international labour market.
If you plan to make investment we provide links to agencies working in the field of economics.
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