Uruguay, Thailand, Portugal, Spain: Tax Rates & Business Setup Compared

Side-by-side breakdown of tax rates, business setup, residency pathways, and 6 more dimensions for founders choosing where to incorporate in 2026.

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4 selectedClear all
🇪🇸Spain
69
Worldwide
🇵🇹Portugal
76
IFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)
🇺🇾Uruguay
80
Impatriados - 11-year tax holiday on foreign capital income
🇹🇭Thailand
57
Worldwide

Dimension Profile

Shape = jurisdiction fingerprint. Gap = your decision.

Tax Regime Comparison5
🇪🇸SpainWorldwide47%
🇵🇹PortugalIFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)48%
🇺🇾UruguayImpatriados - 11-year tax holiday on foreign capital income36%
🇹🇭ThailandWorldwide35%
Tax system mismatchCritical

Spain and Thailand tax all worldwide income once you become a tax resident (top rate: 47%). Portugal and Uruguay do not - only locally-sourced income is taxed. This is a fundamental structural difference that affects your total effective tax burden.

Exit tax applies in one jurisdictionCritical

Spain and Portugal have an exit tax. If you establish residency and later wish to leave, you may owe tax on unrealized gains or assets at departure. The other countries in this comparison do not have an exit tax.

13pp personal tax rate spreadNote

Both countries tax worldwide income, but the top personal income tax rates differ materially. Portugal: 48% vs Thailand: 35%. Both apply to all global earnings once you establish residency.

CFC rules apply in one jurisdictionReview

Spain and Portugal and Uruguay have Controlled Foreign Corporation (CFC) rules. Owning a foreign company as a resident may trigger local tax on undistributed profits - even if the company pays no dividends. The other country in this comparison does not have CFC rules.

Special tax regime available in one jurisdictionNote

Portugal (IFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)), Uruguay (Impatriados - 11-year tax holiday on foreign capital income) offer a qualifying program that may exempt foreign-source income from local tax for up to 10 years. This can significantly reduce your effective rate compared to the standard regime.

Not tax advice. Tax laws change frequently. Verify with a qualified professional before making residency decisions.

Field-by-Field Breakdown

Green = best value per row
Metric
🇪🇸Spain69
🇵🇹Portugal76
🇺🇾Uruguay80
🇹🇭Thailand57
Dimension Scores
Corporate Tax
32
55
100
43
Funding
100
95
70
70
Visa
90
90
70
90
Residency
43
78
80
58
Tax Res.
45
45
70
60
Practical
96
91
78
58
Remote Work
64
69
94
72
Family
95
95
95
80
Ecosystem
60
90
55
60
Corporate Tax Details
Corporate Tax Rate25%21%25%20%
Capital Gains Tax28%28%12%0%
Tax Treaties96782561
Territorial SystemNoNoYesNo
Funding Details
Active VCs100481520
Government GrantsYesYesYesYes
EU Funding EligibleYesYesNoNo
Visa Details
Has Startup VisaYesYesNoYes
Processing Time45902160
Min Investment-$0--
E-ResidencyNoNoNoNo
Digital Nomad VisaYesYesYesYes
Residency Details
Visa Programs Available2332
Citizenship Timeline105512
Dual CitizenshipNoYesYesNo
Immigration Score7876
Tax Res. Details
Tax Residency Days183183183180
Personal Tax Top Rate47483635
Territorial TaxationNoNoNoNo
Special Tax RegimeYesYesYesNo
Exit TaxYesYesNoNo
Practical Details
Banking Difficultyeasymoderatemoderatemoderate
100% Foreign OwnershipYesYesYesNo
Company Formation731414
Virtual Office OKYesYesYesYes
Remote Work Details
Nomad VisaYesYesYesYes
Tourist Workgray_areagray_areatoleratedgray_area
Tourist Visa Days90909030
PE Risk Levelmoderatemoderatelowlow
Days Before Tax Res.183183183180
Internet Speed22085120200
Coworking/mo$250$180$140$150
Family Details
Safety Index72827262
Int'l SchoolsYesYesYesYes
Homeschoolinglegal_with_restrictionslegal_with_restrictionslegal_with_restrictionslegal_with_restrictions
Healthcare Quality82768272
Cost of Living55684040
Ecosystem Details
Unicorns5613
English Business EnvNoYesNoNo
Talent Pool Quality70726255

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