For years, newcomers could buy a home worth roughly US$559,000 and, with some residency rules, enjoy an extended tax break on income earned abroad. There’s also a route to tax residency by investing about US$2.4 million in a local business, though that alone would not automatically grant the foreign-income exemption. The story behind the story: Uruguay, nestled between Argentina and Brazil, has courted affluent migrants for stability, safety, and clear rules. Why you should care: If you’re eyeing Uruguay for tax residency, the entry price is rising and the spending will be steered toward productive investment. For Uruguay, this is about keeping its welcome mat out—while ensuring newcomers’ money does more than sit in property.