Paraguay V Argentina, Lifestyle And Taxes

[Bajo_cero2]

Is there a legal problem?

I think so, consult with an specialist on family law.

 

[toongeorges]

Uruguay is similar to Argentina and does not tax foreign assets. It is a nice country. (After 5 years, you pay up to 12% on foreign income according to: http://www.uruguaytaxes.com)

Argentina has bienes personales, which is a wealth tax on worldwide assets, though it may be abolished in 2019. See http://www.lanacion.com.ar/1902603-anunciarian-profundo-cambio-en-bienes-personales-se-pagara-desde-los-800000-este-ano-y-se-eliminara-en-2019
However do not trust this completely, because politics in Argentina is not stable.

Paraguay is very poor.

 

[Tres Picos]

Uruguay is similar to Argentina and does not tax foreign assets. It is a nice country. (After 5 years, you pay up to 12% on foreign income according to: http://www.uruguaytaxes.com)

Argentina has bienes personales, which is a wealth tax on worldwide assets, though it may be abolished in 2019. See http://www.lanacion....iminara-en-2019
However do not trust this completely, because politics in Argentina is not stable.

Paraguay is very poor.

Thank you.

I did consider Uruguay but according to numbeo it is about 25% more expensive than Argentina.

https://www.numbeo.c...patchComparison

That is a reasonable tax policy though.

How does Uruguay compare to Argentina in terms of security, government intrusiveness, and bureaucracy? Is the path to citizenship clear and highly probable?

 

[Girino]

what part of NO WEBSITE HAS DATA UP TO DATE WITH ARGENTINA'S INFLATION did you miss?

 

[MorganF]

Tres Picos,

1 - "Are you referring to the official rate under Kirchner?" - no. Please read this thread and others in the site more carefully. We've all been telling you many many times that inflation is muuuuch more than why is accounted for in the USD to ARS conversions over time: official or unofficial, both under Kirchner and under Macri, due to government manipulation of the official and unofficial rates. I've told you, bonspuppynow (great name btw) told you, serafina told you and others here; I'm sure 100% of users of this site will agree. It is self-evident and non-controversial to any human being on the ground here who, say, witnesses the price increases here and who converts money to/from foreign currencies regularly.

2 - on you using numbeo to find the cost of living in Uruguay or Arg - remember the same skepticism and problems with averages apply that I mentioned above and others are implying. These numbers will be off for your particular experience. Imagine a country in which a bill gates makes $1 million a year and the 9 other citizens make $1,000 a year. The numbeo data will accurately tell you by the average salary is 100,900 dollars but that doesn't reflect your expected lifestyle due to the high standard deviation: you live like a pauper or a king, in the hypothetical example.

3 - it is noteable that we are all expending considerable energy trying to explain this point to you and help you. And I just noticed that you haven't said "thank you." If I were in your shoes, with lots of strangers I don't know from the interwebs spending lots of time trying to help me, I would be thanking them profusely for their time trying to help me decide one of the most important decisions of my life (where to raise my family!!) at the end of each and every post. I don't know why I'm investing the time to help you. Maybe I get a weird pleasure from feeling smart by my ability to flaunt my insider knowledge of the actual cost of living in Argentina.

Morgan

 

[syngirl]

I certainly would be staying somewhere cheaper. Semi-rural, well out of the city. Anyhow, the primary difference between COL in Villa 31 and a nice area is rent and eating out. Neither are factors for me..

Anyone who says this is a troll or an idiot. Or has never actually set foot in Argentina. Villa 31 and a nice area (read Recoleta) is just a difference in rent and restaurants. Yeah, sure. Have fun living in the villa then with your 3 kids and your nanny that looks after them for months at a time. Oh and with no education I guess they will fit right in and have just as many prospects as the neighbourhood kids around them, the majority of whom, if not all, will face an upwards struggle in life to make a decent living that does not resort to criminality.

But hey, you say education isn't a priority, medical care isn't either, so you know,you might as well just come on over here with your 3 kids and support yourselves on your income. Oh and you know, you probably should be just slightly concerned about human trafficking and the truly sad amount of stories that come out here on missing kids. But you know, you are going to pay $1000 usd a month so that's adequate right? 333 bucks per kid to someone to look after them. Wow, what a generous amount.

But hey, you go ahead. You seem to have it all figured out.

 

[MorganF]

Syngirl - you are 100% right and I read his response so quickly I missed that line!!! You're totally on point in your response (despite your curious habit of adding a "u" to "neighborhood" hehehe).

Tres Picos, maybe you are another troll! In case you're not, I'll give you the benefit of the doubt and give you the context, since I was the one who made the humorous comparison with Villa 31 (I was trying to be funny!): Villa 31 is a huge and famous slum, that happens to be right next to one of the most expensive neighborhoods on the city: literally, it is on the "other side of the tracks." You should trust is great you don't want to live in a third world slum; the differences are more than just rent and eating out, but issues like security, running water and indoor plumbing, electricity, etc....

This is a huge decision, so it is probably worth it for you to come to Arg in person and see for yourself!

Morgan

 

[toongeorges]

Thank you.

I did consider Uruguay but according to numbeo it is about 25% more expensive than Argentina.

https://www.numbeo.c...patchComparison

That is a reasonable tax policy though.

How does Uruguay compare to Argentina in terms of security, government intrusiveness, and bureaucracy? Is the path to citizenship clear and highly probable?

Uruguay, as a small country is influenced by its 2 big neighbours Argentina and Brazil. However, it is more stable than Argentina and investor friendly. It is common among expats in Buenos Aires who need dollars to make a trip to Uruguay, because in Uruguay, dollars can be withdrawn from ATMs without a problem, albeit with a fee, which if I remember correctly would be around 3%.

Uruguay has less security issues than Argentina or Brazil, yet as a South American country, it is not as safe as Europe.

On the other hand, if you have 2 million USD in assets, receiving a permanent permit of stay in Uruguay would be straightforward. A bank statement that proofs you have enough financial income to support yourself would be sufficient.

You should contact a specialised Uruguayan lawer or accountant to find out more. The website http://www.uruguaytaxes.com belongs to an Uruguayan law firm and they say in a presentation that to get a permanent residency, you have to:
- gather required documents (like the bank statement) at home
- enter Uruguay as a tourist
- apply for residency within 90 days. After application, you can stay in the country as a temporary resident and you would be granted permanent residency within 10 months.

You can verify with another Uruguayan law firm if the information is correct.

 

[Tres Picos]

what part of NO WEBSITE HAS DATA UP TO DATE WITH ARGENTINA'S INFLATION did you miss?

Thank you for your insights.

https://www.numbeo.c...in/Buenos-Aires
It is true that numbeo might not have enough recent data to come up with accurate numbers given the high inflation in Argentina. I used it as a starting point.
Do you think Buenos Aires is currently more expensive than Montevideo? Can you give me a rough estimate in percentage?

https://preciosmundi...os-supermercado
Do you think these prices from March 2017 are inaccurate? Another poster thought they were close except for some seasonal items.

I agree, it's better to get opinions from people who have experience with current prices.

Please let me know which items are inaccurate.

http://prntscr.com/en3kak

 

[steveinbsas]

Thank you.

I did consider Uruguay but according to numbeo it is about 25% more expensive than Argentina.

https://www.numbeo.c...patchComparison

That is a reasonable tax policy though.

How does Uruguay compare to Argentina in terms of security, government intrusiveness, and bureaucracy? Is the path to citizenship clear and highly probable?

If Argentina is going to tax your worldwide assets and income and Uruguay won't (for at least five years?) , I'd take a serious look at Uruguay.

Actually, I took a serious look at Uruguay after I moved to Argentina and bought an apartment in 2006. I was dating a woman from Uruguay at the time and she had no desire to return there to live.

Nonetheless I searched for houses in Punta Del Este and liked what I found.

Though I would be happy with a two or three bedroom house, here's what I just found with four or five bedrooms:


https://www.apuntava...e-5-dormitorios

https://www.apuntava...e-5-dormitorios


https://www.apuntava...e-4-dormitorios

https://www.apuntava...e-4-dormitorios

https://www.apuntava...e-4-dormitorios

https://www.apuntava...e-4-dormitorios

https://www.apuntava...e-4-dormitorios

Even if the "cost of living" is really 25% more than Argentina I wonder how much of that would be offset by the absence of taxes on your income and assets.

I suggest you search for all posts here by Pensador. He moved form BA to Uruguay a few years ago and seemed delighted in rubbing our noses in how much better life is there.