Uruguay is a small country in South America. It is famous for its liberal policies (including its legalisation of marijuana) and its beef. Among the location independent community, it has also become famous for being one of the easiest residency and second passport options. In most cases, all one needs in order to qualify is a guaranteed monthly income. Taxation-wise, Uruguay is a high tax country. That said, new residents benefit from an exemption on foreign-sourced income of up to five years. This is important as five years is the amount of time it takes to become a citizen. In practice, this means that it is possible to acquire citizenship in Uruguay without ever having to pay any taxes.