- CONEAT
- Uruguay's soil classification system, rating every rural parcel by productivity since the 1960s. The national average is normalised to 100; values range from roughly 5 to 263. Publicly accessible.
- Campo
- Agricultural land with no or minimal buildings. The most commonly traded property type in Uruguay and usually the right one for yield-focused investors.
- Estancia
- A complete rural estate with a main residence, staff housing and enough land for viable operations. Combines production with a country seat.
- Chacra
- A smaller rural property, typically between roughly 5 and 100 hectares, used mainly for leisure, boutique agriculture or tourism rather than commercial farming.
- DIEA
- Dirección de Estadísticas Agropecuarias, the statistics directorate of Uruguay's agriculture ministry. Publishes official farmland sale and lease prices twice a year.
- MGAP
- Ministerio de Ganadería, Agricultura y Pesca: Uruguay's Ministry of Livestock, Agriculture and Fisheries.
- SAS
- Sociedad por Acciones Simplificada, a simplified Uruguayan corporate form frequently used as an acquisition vehicle for real property.
- Escribano
- Uruguayan notary. Appointed by the buyer, they verify the transaction, oversee payment and effect registration in the public registry.
- Registro de la Propiedad
- Uruguay's public property registry. Registration must be updated after every sale, a precondition for a smooth future disposal.
- Unidad Indexada (UI)
- Uruguay's inflation-indexed unit of account. Numerous statutory thresholds, including those relating to tax residency, are defined in UI and therefore change annually.
- IRAE
- Impuesto a las Rentas de las Actividades Económicas, Uruguayan corporate income tax on income from economic activity.
- COMAP
- Comisión de Aplicación: Uruguay's investment promotion commission, which assesses projects that may qualify under the investment promotion regime.
- Territorial taxation
- A principle under which only domestically sourced income is taxed. Uruguay follows this principle as a general rule.
- Guaraní Aquifer
- One of the world's largest freshwater aquifer systems, extending beneath parts of Uruguay, Argentina, Brazil and Paraguay.
- Direct seeding
- Sowing without prior tillage. The standard method in Uruguayan cropping, used to avoid soil erosion and degradation.
- Exit taxation
- Taxation of unrealised gains upon moving tax residence abroad. A matter for the home jurisdiction rather than Uruguay, and one that belongs at the start of any residency planning.
Knowledge
Glossary: Uruguayan Farmland and Investment
The terms that recur across the Uruguayan farmland market and in purchase documentation, explained briefly and without jargon.
A term missing?
If a term turns up in a listing that is not explained here, write to us. We will add it, and explain it to you directly.
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