Colombia, you buy a chunk of land in the department of Vichada, depending on your budget,
Colombia has fantastic farmland and a great climate for growing various crops. Unfortunately, it applies something like a 33% tax rate to foreign investors. It also has foreign exchange controls over investment funds. That is why I prefer Panama, which has no foreign exchange controls, uses the U.S. dollar, and has an investor-friendly tax exemption on the first $350k of farm income.Colombia, you buy a chunk of land in the department of Vichada, depending on your budget,
You are several decades behind the times.Farming in Columbia? What will one be growing there I wonder
TBF, there is another personal reason on why I chose Uruguay, which is that it's so chill and laid back, and I need that badly, I don't need the Island type of laid back, but living in (or close to ) a big city while also living a laid back lifestyle is very attractive to me, plus the country is very safe, Montevideo is way safer - I dare to say - than a lot of North and south American cities, (Chicago, I'm looking at you) and the banking system in Uruguay is much nicer and more developed, But man, I wish that Uruguayan people stop talk about how "European" they are, I get it, they are proud of their heritage, but this is ALWAYS the first thing they tell me when I tell them where I'm from, like come on lolWay cheaper and easy residence. Chile just elected a communist and this means no bueno for land grabbing foreigners and gringos.
Uruguay is worth a look indeed, but it is much more complicated and way more expensive to get in and get residency.
In both you can naturalize and then be a local on paper at least and with Uruguay, depending on your spanish and looks maybe a local in practice to some extent.
Paraguay is much more underdeveloped with all what comes with it and it caters and appeals to ultra low income foreigners due to its remoteness. However, I heard very interesting things out of it worth a deeper look.
You can employ guards for your land at low rates as salaries are ultra low and high unemployment.
Right now you can go to Paraguay with relative ease whereas Uruguay seems to be still closed and you need special assistance to get in.
Paraguay is also a tax paradise (maybe one of the cheapest out there) for your offshore wealth, so tipping the toe in there will not affect your overall global business / income / whatnot structures, whereas Uruguay does have (time) exemptions on offshore stuff/income, but it is more complicated to navigate thru its net and they seem to do everything rather by the books compared to (non neighboring) Paraguay, which is much more freestyle.
In general, Id go with where I had the better contacts on the ground in all three instances and in case I'm fob and know no one 'd go to Paraguay, Uruguay, Argentina and then Chile in descending order.
USA is maybe the best to do this and a 100k investment should get the visa sorted. However, it seems a tax roach motel.
I think you can pull it off in both Paraguay und Uruguay as I got the impression from some of your posts. Uruguay is generally also much nicer and it has good coastal areas as well and safety is also higher. Paraguay Spanish also more difficult as they speak Guarani as well whereas Uruguay is very European like and has many e.g. Italian words in it making it potentially much easier start depending where you from ethnically.
No, thank you, Mexico is nice as a tourist, but after experiencing some weird **** first hand lately and hearing the stories of some local framers directly from them, I would avoid this place, at least for now. the cartel became ******* unhinged, they don't only target their competition and other drug dealers, they also target innocent bystanders and common business people, they even have ******* rats in the banking system, and not trashy banking systems, but international ones!! again, I experienced this first hand, not from fear mongering BS news like CNN or fox news.
Good info about panama, thanks for sharing itMartin hit the nail on the head. Rule of law, and treating foreigners as equals, above all else. For example, Paraguay is a great place for farmland but it has no rule of law. Taxation is another big factor. Personally, I like Panama for farmland. It is arguably the most capitalist of all the Latin American nations, it has the Panama Canal as a cash cow which adds financial, social, political stability, unlike many Latin American countries it also has a burgeoning middle class because of that stability, it is a regional banking and financial hub, it provides a tax exemption on the first $350k of farm income, it respects the rule of law and the rights of foreign investors, and it is actively promoting farming to diversify its economy (along with tourism, the canal, banking and finance, and now a giant copper mine on the mostly undeveloped Caribbean coast, which is slated to add about as much revenue as the canal). Panama just added two more bridges over the canal, for a total of four. The growth there is astounding and the ruling elite have a true respect for business and capitalism. My one criticism is how Panama handled the pandemic, although that is now changing. The inland area of the Pacific coast has perfect farm weather, where there is a dry season for half the year and a rainy season for half the year. So water, which is a key to successful farming, is seldom a factor. Buy a farm along a river and water is a complete non-factor.
seems like you know a thing or two about this, mind sharing some names with us or drop a PM if you don't like to talk about this publiclyThat is why you hire a trusted, professional farm management company (with a multi-generational history of success growing similar crops in the same region) under a profit-sharing agreement, where both of your financial interests are aligned in a mutual win-win scenario. Obviously, proper due diligence and boots-on-the-ground research is your key to success under such a scheme. Farming as an investment is not a do-it-yourself experiment for novices (versus a farm as a place to live and to feed your own family).