From the Uruguay Consular web page.Some corrections to previous posts are noted below. Please note Article #6 as to the prohibition of work. Also, Autos can be imported too (some previous posts stated otherwise) "Regulation of benefits given to foreigners by Law 16.340 (dated December 23rd. 1992) Regulation Article 1. If a foreign person fulfills the following conditions: is a retiree in a foreign country has obtained the permanent residency in Uruguay after December 15th 1992 He/she will be entitled to the benefits stated in the Article 3rd of the regulated Law subject to the presentation of the following documentation to the Uruguayan Migration Office (“Dirección Nacional de Migración”): a. Documentation certifying his/her retiree status and a steady and permanent minimum monthly income of $ 1, 500 (US Dollars one thousand five hundred). Legitimate documentation translated into English if applicable and legalized by the Uruguayan Consulate in the place of issuance. b. Purchase of a real estate property or Uruguayan government securities according to the following: i. Purchase after December 15th 1992 of a real estate property located in Uruguay with residential (home) purpose with a minimum value of $ 100, 000 (US dollars one hundred thousand). The property could not be sold for a period of 10 years. Property title or notary public certificate should be presented to demonstrate ownership. ii. Purchase of Uruguayan government securities of a minimum nominal value of $ 100, 000 (US Dollars one hundred thousand). The securities will be under custody of the “Banco de la República Oriental del Uruguay” for a minimum period of 10 years. The real estate investment can be exchanged for the Uruguayan government securities and vice versa. Any of those assets could be exchanged by a risk investment of the same minimal amount provided it has been approved by the “Oficina de Planeamiento y Presupuesto”. If the real estate value is less than the minimum required it can be complemented by Uruguayan government securities. All changes require authorization from the “Ministerio del Interior”. Article 2. Persons who comply with the requirements stated in Article 1 will be entitled to obtain following benefits: A. Introduction into the country during the 6 months after the permanent residence is approved of the following goods free of all custom, import and exchange duties: 1. Furniture, appliances and related items to be used at the requestor’s house (custom authorities will review and evaluate the quantities and purpose). 2. 1 car subject to the following conditions: The car cannot be sold or transferred for a period of 4 years after the introduction into the country. * The car will be registered at the car registry (“Registro de Vehículos Automotores”) documents will indicate status described above (A). * The car must be insured according to the regulations existing for status described above (A). B. Issuance of current passport for the requestor, spouse and son/s/daughter/s (less than 18 years old) according to Artículo 17 Decreto 167/993. C. Keeping life and retirement insurance benefits contracted abroad. Article 3. Foreigners interested in obtaining the benefits of the Law 16.340 could start the legal residence procedure with their relatives at the corresponding Uruguayan Consulate or at the Uruguayan Migration Office (“Direccion Nacional de Migracion”). In both cases, applicants should comply with the requirements of the Artículo 6to dated February 28th, 1947. To comply with sources of funding/income the requestor should comply with the terms stated in Article 1 A) and present a signed commitment to proceed with the investment required in B). In case procedure is started at the DNM, to comply with criminal record requirement the following information is needed: * From the country where the requestor lived the last five years prior entering in Uruguay. Last address must be provided. * US citizens may present a criminal record issued in USA, legalized by the Uruguayan Consulate in USA and translated into Spanish or they can request their criminal record at the INTERPOL office in Uruguay. To comply with health certificate requirement, a health certificate issued by “Ministerio de Salud Pública” (Ministry of Public Health) or by another authorized medical institution must be presented. In all cases it must shown the purpose: “radicación” or “residencia legal en el país” (legal residence). Foreign retirees and pensioners from the organizations (with seat in Uruguay) stated below must present a certification issued by the “Ministerio de Relaciones Exteriores” (Uruguayan Ministry of Foreign Relations) subject to the compliance of the above mentioned conditions: International organizations * Embassies * Consulates * Military missions * Commercial missions Article 4. Once the permanent residency request is approved by the Ministry of the Interior, the “Dirección Nacional de Migración” will contact the “Dirección Nacional de Aduanas” (Custom authority) in order to authorize the introduction of furniture and appliances. Article 5. Once the signed commitment to proceed with the investment required in Article 1 B) is presented the “Dirección Nacional de Migración” will communicate: a) the “Dirección Nacional de Aduanas” in order to authorize the introduction of the car and b) the “Dirección Nacional de Identificación Civil” (Uruguayan Direction of Civilian Identification) in order to issue the passport. Article 6. Violation of the rules concerning prohibition of sale of the real estate property and/or work as employee will produce the loss of custom benefits and passport. |