Head-to-head · tax residents 2026
Uruguay or Portugal: which should you move to?
Two of Europe's top relocation targets, both with newcomer regimes. Here is how they compare on the taxes that move the needle.
Tell us your country, income and net worth. The verdict above and the cost, flight time and "who wins" all update for you.
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| Factor |  Uruguay ↗ |  Portugal ↗ |
|---|---|---|
| Top personal income tax | 36% | 48% |
| Corporate tax | 25%* | 19%* |
| Capital gains tax | Taxed | Taxed |
| Dividend tax | 7% | 28% |
| VAT / sales tax | 22% | 23% |
| Wealth tax | Yes | No |
| Inheritance tax | No | No |
| Foreign income | Territorial | Worldwide |
| Headline expat regime | New-resident tax holiday (foreign passive income exemption) | IFICI (ex-NHR) |
| Cost of living (vs your country) | 66 | 60 |
| Population | 3,384,688 | 10,804,871 |
| Area | 176,220 km² | 92,391 km² |
| Population density | 19/km² | 117/km² |
| Airports (large + medium) | 7 | 31 |
| Annual tourists | 3,480,000 | 28,970,000 |
| Flight time from your country | · | · |
| Direct flight likely? | · | · |
| Life expectancy | 78.3 yrs | 82.5 yrs |
| Safety (homicides/100k) | 11.2 | 0.7 |
| Happiness (0-10) | 6.44 | 5.91 |
| Corruption index (higher = cleaner) | 71/100 | 61/100 |
| Double-tax treaties (approx) | ~22 | ~79 |
| Internet speed (median fixed) | 181 Mbps | 244 Mbps |
| Healthcare spend / person | $2,076 | $2,971 |
| Air quality (PM2.5, lower=better) | 10.85 | 8.77 |
| Time zone (approx) | UTC-4 | UTC-1 |
| Digital nomad visa | Yes | Yes |
| Official languages | · () | 1 (Portuguese) |
Green = more favourable. Cost of living shown as a percentage of your home country (under 100% = cheaper than home). Tax data: compiled by us, being re-verified; cost of living: World Bank PPP; area & population: GeoNames; life expectancy & homicide rate: World Bank.
* Uruguay: IRAE. Territorial/source-based: only Uruguayan-source income taxed. 15% domestic minimum top-up tax (Pillar Two) for large MNE groups. · Portugal: Reduced to 19% (mainland) from 2026 (was 20% in 2025). SMEs/Small Mid-Caps: 15% on first EUR 50,000 of taxable income; inland-territory SMEs 12.5%. Madeira/Azores: 13% standard. Start-ups access the SME reduced rates.
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