Practice area
Advice and support in buying, selling and managing property for local and foreign clients. We bring together the legal, tax and notarial analysis of each transaction with the most suitable investment structure.
Approach
A property investment involves much more than the price: how you buy (in your own name, through a company or a trust), the taxes on the purchase, the rent and the sale, the title search and, for those coming from abroad, its link to residency.
Scope
The service covers the whole investment cycle:
01
Legal due diligence and title search
02
Promissory agreements, reservation contracts and purchases
03
Purchases through companies or trusts
04
Tax analysis of the purchase, the rental and the sale
05
Promoted housing and investment incentives
06
Lease agreements
07
Property management for owners living abroad
08
Real estate investment and tax residency
When it makes sense
This advice is especially relevant when:
We analyse the transaction, the structure and the taxes before you sign, and we stay with you through the deed and beyond.
Frequently asked questions
Yes. Foreigners can buy property in Uruguay on the same terms as Uruguayans, without having to live in the country. What is worth deciding beforehand is whose name the property goes in and how the income will be reported.
The main one is the Property Transfer Tax (ITP): 2% paid by the buyer and 2% by the seller, calculated on the official value set by the Cadastre. On top of that come the notary’s fees and, if one is involved, the real estate agent’s commission.
It can. The rules provide for tax residency through real estate investment above a certain amount and with additional requirements. We analyse it together with your situation in your home country.
It depends on what the property is for, your tax residency, how the rent will be collected and your succession plans. We compare the options with numbers before you sign.
Yes. We support the management of the property: lease agreements, rent collection, payment of taxes and expenses, and reporting the rental income to DGI.
Contact
The process starts with a free initial assessment. From there we define the scope, the type of engagement and the fee arrangement. We reply within one business day.
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