Uruguay has been named “the Switzerland of South America” due to its geopolitical neutrality, regional stability and sensible governance
Uruguay has lately gained attention as a safe refuge that still possesses the fundamentals of stability in an increasingly unstable world. As a result, there is an increasing demand to utilize private aviation for both holiday vacations to resorts as well as for wealth management strategies.
For instance, Uruguay has an abundant food and water supply (4 cows per person + aquifer nearby), reliable hydropower for their electricity grid for the vast majority of their energy consumption (98%) plus a domestic oil refinery and a population that is welcoming with very few hostilities in mind.
Uruguay’s economy is primarily dominated from being an agricultural powerhouse and the revenues generated from its resort hot-spot every January and February in ritzy Punta Del Este and Jose Ignacio; leaving most of the year tranquil and quiet.
Uruguay also offers the advantage of being geographically separated from conflict zones with no history of warfare itself and yet still being proximal to major international airports, all types of landscapes and seasons. Internationally, their politics are too small to matter. Their primary commodity on global markets are cattle.
Prevail Jet has direct experience assisting HNWI’s in properly and thoroughly importing and declaring their precious metals into this stable, growing haven of security.
Uruguay for Precious Metals
- Uruguay is a predictably safe country to live and corruption is amongst the lowest in Latin America.
- Uruguay is currently in the process of expanding its number of private storage facilities and options for liquidity of your metals.
- Uruguay boasts one of the most jet-set regions in all of South America, which is very friendly towards capital flows into their country.
- Despite this, Uruguay is traditionally not on the list of wealth havens that come to mind; in effect, this makes the jurisdiction very attractive from a privacy and confiscatory risk point of view of one’s assets. It is “off-the-grid” yet nearby major international airports
- Specific to precious metals, Uruguay remains the only country in Latin America that does not issue a tax on the sale of precious metals, nor any import duty tax on it, making it again a unique jurisdiction. Uruguay’s infamous wealth taxes also do not have any category whereby gold neatly fits either, leaving it exempt from these charges.
If you’re seeking your personal flight into Uruguay or residency to this small nation, please get in touch.
