David Hammond

David Hammond

David Hammond, IL’s Uruguay Correspondent, is a former boat captain and real estate agent from Washington State. Ready for a new adventure, he visited Uruguay in 2006. He liked it so much, he moved to Uruguay the same year. In his new life he enjoys exploring around Latin America, trading notes with other travelers, and writing.

Creating Tropical Fruit Liqueurs in the Caribbean

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When the cold New York winters got too much for Nino Marzano and Maria Postell, they started thinking about turning their favorite vacation spot into their new home. And, in 2011, they made the transition—letting go of the stress and the cold to live full-time in one of the Dominican Republic’s premier vacation and expat hotspots: Punta Cana-Bávaro. With its white-sand beaches, reef-protected crystal waters, coconut palms, and resort infrastructure, it was the perfect antidote to New York.

Discover Bolivia’s Best Places For Income Opportunity

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If you’re the pioneering type, a small business in Bolivia might offer just the kind of lifestyle you’re looking for. You can live well in Bolivia for less money than just about anywhere, and you don’t need bags of cash to start an enterprise here. Historically, Bolivia ranks alongside the poorest countries in the region, but things are changing. Today it is among the most hopeful economies in the hemisphere…its economy is growing steadily at around 5% a year… inflation (5.19% in 2014) and debt (32% of GDP in 2013) are under control. Bolivia’s oil and gas industry helps keep energy costs low.

Bank-Roll Your Overseas Goals With “Crowdfunding”

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Getting a small business loan can be a challenge anywhere. It’s especially tough in a new country where you may not have a credit history or collateral. Fortunately, there’s a way to raise money for your business abroad that bypasses banks altogether. It’s called reward-based crowdfunding. With crowdfunding you fund your business idea without taking out a loan, going into debt, or sharing equity with a financial partner. It’s a perfect solution for many expats because it enables you to fund your business across borders. You can raise money from backers anywhere in the world for a business activity in the country of your choosing.

The Earth’s Bounty: How to Harvest an Income in Uruguay

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Uruguay is one of the best places in the world to own a farm…and you don’t have to be a Uruguayan citizen or even a resident to buy agricultural property. While it is most famous for its grass-fed beef industry… Uruguay also has soil and climate that are ideal for growing wheat, rice, soybeans, olives, and blueberries. It is a water-rich country, minimizing the need for irrigation, and its soils are among the least degraded in the world. All Uruguay’s farmland is mapped by soil type.

The Best-Value Beach Lots in the World

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Do you ever wish you could find a cool little beach town before it gets discovered and invest in land while the prices are still low? You aren’t alone. Global investors are constantly searching the planet for that kind of opportunity. But you know what? They missed a spot. It’s a little town of 1,000 full-time residents, and it’s called Barra del Chuy, in Uruguay.