In addition to the explosion of margin debt in dollar terms (up 50% Y/Y to $1.5T), as a percentage of GDP it's 4.6% vs. 3% at the https://t.co/qfgqwjVZ3j bubble top in 2000. The level of speculation in today's market is epic.
Uruguay is the best Plan B residency on Earth right now:
- One of the safest countries in Latin America. Kids walk to school, families out at night, low crime across the whole country.
- 400+ miles of Atlantic coastline. Punta del Este is South America's Monaco. Plus hundreds of quiet beach towns nearby.
- 30+ years of stable, non-corrupt government. No surprises, no regime swings. Left and right hand over power peacefully every election.
- It's the financial Switzerland of South America. Multi-currency international banking that's been reliable for decades.
- An 11-year 0% tax holiday on foreign income when you decide to actually move there, and a plethora of options for keeping taxes at 0% after those 11 years.
- First-world healthcare at a fraction of US prices.
And the residency is permanent from day one. No temporary residency stage, no renewals. You only need to enter Uruguay once every 3 years to keep your permanent residency.
Application is done in one trip: Fly into Montevideo for your hearing, file everything, then you're free to leave Uruguay. Processing and approval happens while you're back home or out traveling.
The firm I partner with in Uruguay handles 100+ residencies per year, end-to-end, for individuals and families. DM me for the details and we'll get you started.
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