Uruguay
 
Purchase Process
Below is the standard purchase process in Uruguay and issues that may
affect a property purchase:
Property can be bought in Uruguay by foreigners without residence, as an
individual or company.
There is no differential treatment between foreigners and Uruguayans.
There is no restriction on the type of property a foreigner can acquire,
unless it is deemed to be important to national security.
The purchase process must involve a Notary Public.
Once the buyer selects a property and agrees to a price, the buyer's
Notary Public contacts the seller and drafts a "Boleta de Reserva" which
reserves the property, usually with a 10% deposit.
When that document is signed, the buyer's Notary Public then verifies the
good standing of the
property and drafts a purchase document, the "Escritura de Compraventa".
That document is signed, the property is transferred and the transaction
is recorded in the Public Registry.
Uruguay's laws and legal processes may be very different from what you are
used to and idasp.com.ar strongly recommends that independent legal advice be taken
during a property purchase.

Investment Costs
The costs of a standard property purchase in Uruguay may include the
following:
Notary public's fee is 3%.
There are deed registration and stamp duty fees which vary, depending on
the price of the property.
Buyer and seller each pay a property transfer tax of 2% of fiscal value of
property (usually lower than market value).
VAT does not apply to the transfer of real property.
Capital gains earned by individuals are subject to capital gains tax of
12%. (Capital gains earned by companies through selling real estate properties
are treated as ordinary income.)
Rental income tax on net rental income from leasing property is taxed at 12%.
Uruguay's taxation system is complex and subject to change. You are therefore
recommended to take expert and up-to-date advice on taxation issues affecting
the purchase and ownership of property in Uruguay.
 
Frequent Rental Process / payments by the Tenant
A) Real estate agency fee = 8 % over total Rent
B) Tax = 22 % over Real estate fee
C) Deposit : 25 / 35 % over Total Rent ( depend on property's value )
E) Payments expenses: It will be deducted from the Deposit at the end of the Rental period.