General program requirements

To qualify for an Investor Visa in Uruguay, the applicant must make one of the following two kinds of investment:

Real Estate Investment

Invest 3.5 million Unidades Indexadas* (about US$525,000 in June 2023) in real estate in Uruguay.

Invest 15 million Unidades Indexadas (about US$2.25 million) directly or indirectly in a Uruguayan company, generating at least 15 new, full-time job positions.

In either case, the applicant must be physically present in Uruguay for at least 60 days per year. 

Program benefits

• Low investment requirement;
• Visa-free travel within MERCOSUR;
• Path to citizenship;
• Permits dual/multiple citizenship;
• Lower cost of living;
• Lower taxes;
• Warm climate;
• Enhanced business access to large economies;

Requirements to qualify for citizenship

Upon filing your application for permanent residency in Uruguay, you will receive a temporary residence permit with a 2-year validity that allows you to remain in Uruguay while awaiting the approval of your permanent residence permit.

Processing of the permanent residence permit application typically takes 6-12 months.

After residing in the country for five years (three years if you’re a married couple), you’ll be eligible to apply for citizenship. Note that, for purposes of applying for citizenship (unlike for the purposes of applying for PR), applicants will need to be physically present in Uruguay for most of the year.

Approval of naturalization is contingent on the applicant’s mastery of conversational Spanish as demonstrated during an interview, as well as the applicant’s sufficient integration into Uruguayan society.

Applications for this program may be directed to:

Legislation upon which this program is based:

Finance and Economy Ministry Decree 163/2020