For those in the know, Punta del Este, the gem of Uruguay in Latin America, has long been renowned for its gorgeous beaches, vast natural preserves, complete privacy and security, and a progressive, cosmopolitan lifestyle. For decades the area has been an exclusive, secondary home to discerning global tastemakers from across Brazil and Argentina, as well as Europeans particularly French, British and Germans.
All of this changed, however, and accelerated immensely after Uruguay in 2020 became one of the most tax efficient districts in the world. Post-pandemic and with so much global uncertainty, many are now looking to Uruguay not only as a secondary home destination but as a safe-haven, Plan B or geopolitical hedge.
Indeed within months after taking office in March 2020, President Luis Lacalle Pou, a 50-year- old proponent of free- market policies (and an avid surfer), issued a decree making it easier for foreigners to make Uruguay their domicile for tax purposes.
Under the new tax residency rules, expats can claim tax residency with just 60 days in Uruguay if they purchase property worth $480,000. If the investor makes a $2.6M investment, there is no residency requirement at all. The payoffs are immense: no taxes on foreign investment income for 11 years.
The incentive is so strong that even with Punta having always been an Argentina playground, a record 22,400 Argentines secured residency within the first year of the new policy.
International developers accelerated projects for the new arrivals but the most exclusive of all communities remains the timeless Fasano Las Piedras managed by the luxurious Fasano brand owned by JHSF. The Erin Boisson Aries Team is proud to be the exclusive representer of Fasano Las Piedras - located in La Barra, Punta del Este.
Amenities include a luxury hotel, an 18-hole Arnold Palmer championship golf course, and a private airstrip. With international schools in the area growing considerably, “there is agrowing number of permanent residents at Las Piedras,” says JHSF CEO Thiago Alonso de Oliveira. “We are seeing more Americans and Europeans than before.”
Please see exclusive listings represented by The Erin Boisson Aries Team below and reach out with any questions. We’d be delighted to explain the process of ownership to you.
The Country Residence
Asking $1,900,000
6 BD | 6 BA | 2 HALF BA | 6,500 SF
The Country Residences at Fasano Las Piedras are designed by Carolina Proto from Obra Prima Studio and are an exclusive residence developed and delivered by JHSF. Each Country Residence is over 6,500 SF, includes 5 suites, 1 staff room, home office, and a large swimming pool with outdoor dining. Land parcels start at acre up to 13+ acres.
The Polo House
Asking $2,200,00
6 BD | 6 BA | 2 HALF BA | 6,500 SF
The Polo Houses by Nacho Figueras, located at Fasano Las Piedras, are designed by Mr. Figueras in partnership with Carolina Proto, from Obra Prima Studio. The Polo Houses include one 4700 SF residence complete with three suites, and a 6500 SF residence with five suites.
Residences also include a staff room, large wrap-around terrace complete with custom parrilla dining and barbecue pit, and a large private pool.
The Farm House
Asking $4,500,000
9 BD | 11 BA | 1 HALF BA | 17,000 SF
The Farm House Estate, designed by Carolina Proto, from Obra Prima Studio, is an exclusive residence developed and delivered by JHSF. Each Farm House is over 17,000 SF, includes 7 suites, 2 staff rooms, and a swimming pool. Land parcels range from 3-13+ acres. Inspired by traditional Uruguayan country residences, the Farm House Estates overlook the lakes and landscapes of the region.
