Uruguay: A Favorite for Golden Visa Residency by Investment Program

Tax-Free Residency and Golden Visa Residency by Investment Program in Uruguay

At an average of 100 per week, residences were approved in the Uruguayan chancellery in the middle of the year. Law Nє 19.254 allows spouses, concubines, parents, brothers, and grandchildren of Uruguayans and nationals of the states parties and associates of Mercosur to obtain residence in Uruguay.

As of October 13, 2014 (date on which the law began to apply) and until May, 2,908 residency applications had been approved.

But many do not stay with the second residency and immigration in Uruguay, but go a step further and seek to obtain the “fiscal residence”.

“It reaffirms a trend that was taking place a couple of years ago, which is that the number of applications for foreigners’ residences in Uruguay, especially for Argentines and Brazilians, has increased, and in recent times, there is a supplement that is the fiscal residence. and mainly the Argentines and Brazilians are requesting this second step, “the partner of the Posadas, Posadas & Vecino study, Raъl Vairo, told El Paнs.

He noted that his study receives “many consultations” to obtain tax residence in Uruguay.

“The legal residence does not offer greater difficulty” while to obtain the fiscal residence “it is necessary to fulfill one of the three established criteria”, indicated Vairo. They are: permanence (those who stay at least 183 days a year in Uruguay are tax residents), file economic interests (for example, in Uruguay where more income is generated) or file family interests (that the person comes to live with his wife and children for example).

“Of all the consultations, not many are willing to comply with these criteria,” said Vairo.

In his opinion, “in the face of the political and economic instability that often brings with it the increase of taxes or changes in the tax base”, leads to opt for Argentines and Brazilians to establish their tax residence in Uruguay.

“In Brazil, it is notorious (due to the political crisis that the government is currently going through) and in Argentina too, together with security problems,” he added.

In that sense, for Vairo “Uruguay has a very large value for proximity” and also “has a tax regime for individuals very convenient and advantageous with respect to Argentina and Brazil.”

The Personal Income Tax (IRPF) taxes 12% of those generated abroad, “but they are also exempt for foreigners (who live in the country) for five years,” he said.

The profile of these new fiscal residents is of “people over 50 years old, or marriages with children (mainly Argentines) and of medium-high and high purchasing power”, explained Vairo.

Is this tropical fruit craze all it’s cracked up to be?

Is this tropical fruit craze all it’s cracked up to be?
Applegate said that she is disturbed that the coconut water companies emphasize potassium, because when you sweat you lose sodium.
“They’re promoting more misconceptions,” she said.
Drink coconut water if you like how it tastes (and it is lower in calories compared with soft drinks); just don’t expect it to detoxify or help you lose weight — some of the additional claims linked to the product.
Applegate said coconut water has fewer carbohydrates compared with commercial sports drinks so it may not be sufficient to refuel muscles after workouts lasting an hour or more.
It’s rich in potassium but lacks the sodium levels found in other sports drinks, which is the primary electrolyte that needs to be replaced after strenuous activity.

One reason why Coconut Oil is the King of Oils

Because of its stability it is slow to oxidize and thus resistant to rancidity, lasting up to two years due to high saturated fat content. – Wikipedia . Coconut oil is the only oil in the whole world that’s been tested to stand high heat without turning rancid. While all the other kinds of oil are smoking and turning rancid, coconut remains stable. However, like any other organic foods, coconut oil is best kept well-shaded or in the fridge to prevent its living nutrients from going bad.

Coconut has LESSER Carbohydrates – a problem?

Applegate is right that coconut has fewer carbohydrates compared with commercial sports drinks. But….

Many people who are eating more carbohydrates…more calories than they are losing calories via exercise are barely lose any weight at all. Shouldn’t coconut’s ‘lesser carbohydrates’ be viewed as a merit, not a disadvantage?

1. How fresh young coconut water compared to carbohydrate-electrolyte beverage (sports drinks) and plain water – Journal of PHYSIOLOGICAL ANTHROPOLOGY and Applied Human Science Vol. 21 (2002) , No. 2 pp.93-104

2. In Brazil, coconut water is often used as an alternative solution for oral rehydration also to avoid incprrect preparation of sugar-salt solutions (sugar-salt solutions can kill if done improperly). – SILVA, Apolino José Nogueira da; CABEDA, Mário Sérgio Vaz and LIMA, José Fernando Wanderley Fernandes. Efeito de sistemas de uso e manejo nas propriedades físico-hídricas de um argissolo amarelo de tabuleiro costeiro. Rev. Bras. Ciênc. Solo [online]. 2005, vol.29, n.6 ISSN 0100-0683. (There are side-effects from intravenous sugar-salt (IV) drips – XLVII European Renal Association-European Dialysis n Transplant Association.)

3. In India, rice gruel, coconut water, and pulse water are used as part of its successful Oral Rehydration Therapy (ORT) for diarrhoea. – Indian Journal of Public Health. 1994 Apr-Jun;38(2):87-8., Sett A, Mitra U., Clinical Department, National Institute of Cholera and Enteric Disease, Calcutta. Some call this treatment for diarrhoea “Coconut IV“!

4. Intravenous Rehydration using two varities of coconut water were compared in this Brazilian study via FONSECA, Aluísio M. da et al. Constituents and antioxidant activity of two varieties of coconut water (Cocos nucifera L.). Rev. bras. farmacogn. [online]. 2009, vol.19, n.1b ISSN 0102-695X

Coconut has LESSER Sodium Levels – a problem?

Applegate did not say if she was referring to sodium content in coconut oil or coconut water (I would assume she was referring to coconut water). A sip of unpolluted and unprocessed coconut water more than satisfies the sodium requirement Applegate seem to be implying that only sports drinks provide. Coconut water has less sodium (25mg) where sports drinks have around 41mg (energy drinks have about 200 mg)!

Applegate also seems to have forgotten that it’s so much easier to replace sodium – which is in almost every cooked food we eat – than to replace potassium. In fact, if an adult perspires and lose 1 litre of sweat, only 1.15 gram of sodium will ever be lost. And 1.15 grams of sodium is way lesser than what most adults are already consuming on a daily basis.

Not all salt is sodium – about 40% of salt is sodium. Sodium Salt
Daily limit for healthy people 2,300mg 5.75 grams
For those with: hypertention (high blood pressure), stroke, artherioschlerosis and heart related ailments.

Most people are consuming more sodium than needed. Studies have indicated that too much salt consumption is linked to health problems, such as hypertension and osteoporosis. 1,500mg 3.75 grams
Just one teaspoon of table salt – 2,325 milligrams (mg) of sodium – already exceeds the daily limit.
Children need lesser sodium according to their weight (not age).

Most people are consuming more sodium than needed. Studies have indicated that too much salt consumption is linked to health problems, such as hypertension and osteoporosis. Those with hypertension or heart problems require no more than 1.500mg of sodium – that’s 3.75 grams of salt. (No doubt you could be losing sodium via perspiration but the kidney of a healthy person is capable of “holding” on to as much salt as possible during physical activity. Natural hormones in the human body helps to regulate how much sodium is needed during physical exertion and during rest.)

Also, coconut water has protein, saturated fats, carbohydrates, natural sugar: (6.23g per 100 grams), calcium, iron, potassium, sodium, zinc, selenium, potassium, calcium, magnesium, phosphate, sulfate, trace amounts of natural chloride, and natural vitamin B1, B2, C and iron – everything that you may be losing when you exercise!

Coconut has SATURATED FATS – a problem?

Applegate has also overlooked that we humans NEED saturated fats, the medium-chain fatty acids (MCFA) – aka medium-chain triglycerides (MCT). Saturated fats that’s available from coconut oil.
The key component that Applegate overlooked is LAURIC ACID found in coconut oil. (We do NOT need the longchain fatty acids that you’d find in some animal fats and hydrogenated oil and margarine – that is trans-fat.)

Women who took coconut oil saw their waist lines shrink while the other group who took soya bean oil saw no differences. – Monica L. Assunção et al. “Effects of Dietary Coconut Oil on the Biochemical and Anthropometric Profiles of Women Presenting Abdominal Obesity,” Lipids Volume 44, Number 7 / July 2009

“Weight-loss diet that includes consumption of medium-chain triacylglycerol oil leads to a greater rate of weight and fat mass loss than does olive oil” – Ncbi.nlm.nih.gov

Clinical studies on medium-chain triglycerides can also be found via Interscience.Wiley.com: “Metabolically active functional food ingredients for weight control”.

In other words, Coconut Oil is thermogenic, ie. it promotes weight-loss. It’s reason why Dr. Mary Enig of Weston Price Foundation calling it a “functional oil”.
Here’s what The American Society for Nutrition said about medium-fatty acid found in coconut oil: “Both research and clinical studies have shown that MCFA may be useful in treating and preventing diseases such as diabetes, osteoporosis, virus-related dieases (mononucleosis, hepatitis C, herpes, etc.), gallbladder disease, Crohn’s disease, and cancer. The smaller size of MCFA (compared to LCFA) allows them to be digested more easily, making them ideal for those suffering from digestive diseases. Coconut oil may assist in the absorption and retaining of calcium, thereby benefiting bones.“

WE NEED SATURATED FATS, Christina Applegate. We just need the RIGHT types of saturated fats!

Clinical Studies of Coconut Oil are EVERYWHERE!

“Instead of research studies, you’ll find articles written by coconut oil advocates — including Mary Enig, vice president of the Weston A. Price Foundation, a controversial organization that is critical of “traditional diets” and extols the benefits of saturated fat.” – Christina Applegate. Applegate and VanHorn want RESEARCH STUDIES on coconut oil? Here they are:

Coconut’s anti-microbial properties and effects on patients with HIV, AIDS and Hepatitis-C
Initial trials have confirmed that coconut oil does have an anti-viral effect and can beneficially reduce the viral load of HIV patients. – Dr. Conrato S. Dayrit, Emeritus Professor of Pharmacology, University of the Philippines
“During this period we screened some 300 lipids and other structures for antimicrobial activity. We failed and so I returned to nature (coconut milk and human breast milk) for clues…. Considering all the baseless bad press in the USA that has been given to tropical oils it is time for the coconut industry to advocate an oil change. Our body similar to ourcar made be in need of an oil change if we want it to function properly and to reach ouro ptimal health.” – Dr. John Kabara, author of The Pharmacological Effect of Lipids

Coconut’s Other Benefits
“Coconut oil efficient on those with hypertension” – West Indian Med J. 2005 Jan;54(1):3-8. Department of Preclinical Sciences, Faculty of Medical Sciences, The University of the West Indies, St Augustine, Trinidad and Tobago, West Indies.
“Coconut oil effective on those with Xerosis (skin condition).” – Dermatitis. 2004 Sep;15(3):109-16. (randomized double-blind study)
“Beneficial effects on tackling coronary heart disease using coconut oil.” – Trop Doct. 1997 Oct;27(4):215-7. Kumar PD.Department of Medicine, Medical College, Kerala, South India and
“A diet rich in coconut oil reduces diurnal postprandial variations in circulating tissue plasminogen activator antigen and fasting lipoprotein (a) compared with a diet rich in unsaturated fat in women.” – University College of Akershus, 1356 Bekkestua, Norway (abstract) In short, coconut water helps in the process of Fibrinolysis, which clears whatever heart-clogging plaque that may be circulating in the human body.

Other Coconut Facts

Coconut water was even used successfully in World War 2 and the Pacific War of 1941-45, where blood transfusions were not available!

Coconut water is more nutritious than cows’ whole milk because there’s LESSER fat and NO “bad” cholesterol!

Coconut water is more nutritious than many sports drinks due to its natural sugar content – no altered or synthetic sugar, no hidden sugar being passed off as “enhanced flavor”.

Coconut milk contains NO dairy product. It can look like milk (white) due to the grind flesh of coconut added to the coconut water. (Why I avoid dairy products including milk)

Dried grated coconut are excellent source of fibre and can be added to cookies.

One cup serving of coconut milk is just 552 calories.

To date, “dietary fats’ such as that of coconut oil, are the most promising and have been the most extensively studied for their effects on body weight control.

Coronary heart disease in Polynesians were uncommon. The Polynesians on the Pukapuka and Tokelau Islands regularly use coconut products for their meals but consume very little sugar. – American Journal of Clinical Nutrition 1981 Aug;34(8):1552-6 http://www.ncbi.nlm.nih.gov/pubmed/7462380?dopt=Abstract

Also, Sri Lanka – the only country giving reliable data where coconut oil (containing over 50% medium chain fatty acids) is the main dietary fat – has the lowest death rate from Ischemic heart disease. – J Environ Pathol Toxicol Oncol. 1986 Mar-Apr;6(3-4):115-21.

Just because coconuts thrive in “less developed” countries like Phillipines, India or Indonesia, does not ncessarily mean they are of inferior quality. Quality of coconut products are highly dependant on where and how they are grown as well as manufacturing and storage standards.

“Most smart nutritionists never thought coconut was unhealthy. After all, people in the Pacific islands and many parts of the world have been consuming coconuts, sometimes in large amounts, with no apparent adverse effects.” – Dr. Ray Sahelian, M.D.

Why and How did Coconut Oil get Bad Press?
“Coconut oil was heavily used in the USA. at one time, being used for baking, pastries, frying, and theater popcorn. But starting in the 1980s, some very powerful groups in the U.S. including the American Soybean Association (ASA), the Corn Products Company (CPC International), and the Center for Science in the Public Interest (CSPI) began to categorically condemn all saturated oils. Faulty science was used to convince the public that ALL saturated fats were unhealthy, when in fact saturated fats rich in the medium-chain fatty acids like lauric acid are very healthy.” – Naturodoc.com

And of course, Applegate and Vanhorn (chair of the Dietary Guidelines Advisory Committee) have recently added to more BAD PRESS. Don’t mind them, it’s obvious what they have overlooked.

Yes Applegate, there’s a mild alcoholic smell to it but coconut water is not all that dreadful as you cut it out to be. Coconut water is not any worser than “smelly apple cider vinegar” (vinegar also has health benefits we should not overlook!) I wonder if Applegate has ever smelled the aroma of soy bean oil? 🙂

If you choose raw (unprocessed) young coconut water, there’s no way the water would taste horrible; notice it has natural sugar for sweetness? It’s really fructose (68 mg/µL) and glucose (299 mg/µL).

The only thing I don’t like about the coconut is having the strength to cut it open.

Lastly, I say go for NON-REFINED coconut oil as much as possible. Refrain from any edible coconut oil that has been hydrogenated, refined, bleached or deodorized.

Because refined coconut – like COPRA – has ‘deducted nutrients’ via heat processes, and then “fortifed” with artificial vitamins. You may find SOPRA in soaps and hair oil.

Extra virgin oil should contain no lesser than 54% of Lauric Acid, otherwise you know it may have been through some heat process. You want to be sure you are getting the REAL THING undamaged and all so good!

P.S. I don’t sell coconut oil nor coconut water but I dig both of them!