Overview
Paraguay has a territorial tax system, meaning that income earned outside of the country is not taxed, making it an attractive destination for individuals looking to minimize their tax burden.
Additionally, Paraguay has a relaxed immigration policy, making it relatively easy to obtain residency without requiring a specific job offer or minimum income. The application process for residency is also straightforward, with minimal paperwork requirements.
Overall, Paraguay may be a good option for individuals looking for a fast and stress-free way to obtain a residence abroad, particularly for those interested in reducing their taxes.
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BENEFITS
Family friendly
You can include your spouse and children under 25 years of age.
Tax residency
This makes all of your income that comes from outside Paraguay remain untaxed.
Simple and straightforward residency application process
No physical presence in the country
No need to live in Paraguay to keep resident status (just visit once every 3 years).
Obtaining Citizenship
After 3 years you can apply for citizenship with 183 days of each of these years spent living in the country.
Visa-free access
With citizenship, you can get a Paraguayan passport that gives you access to the European Union (EU), the United Kingdom (UK) and Ireland, so it's certainly a pretty attractive passport, but with the Paraguayan Celula you can travel freely to any country that is part of Mercosur.
High Quality of life
There is a lot of open green space to explore and spend time in fresh areas. Also they have a good education and healthcare systems in place.
Investment options:
TEMPORARY RESIDENCY
How can I apply?
You can apply to obtain your temporary residency through this program by submitting these certain documents.
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Passport
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Criminal Record in Country of Origin
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Criminal Record in Paraguay (Interpol)
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Declaration of Respect for Paraguayan Laws
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Payment of government immigration fees
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Certificate of Address in Paraguay (if you do not have an address in Paraguay, our company can provide one)
Once you upload these documents the residence permit is valid for 2 years. One of the main benefits of this residence is that you don't have to make an investment to obtain it, saving you a lot of money.
PERMANENT RESIDENCY
This country offers a fast and efficient way to get a residence abroad in the least stressful way possible..To put you in context Paraguay has a tax system that is territorial that makes all of your income that comes from outside Paraguay remain untaxed.
How can I apply?
In Paraguay, the scheme is open to people who cannot travel to the country without first obtaining an entry visa. The programme is known as SUACE (Unified System for the Opening and Closing of Companies) and the cost of the investment is USD 70,000, with the purpose of bringing potential for development to the nation, for example a real estate investment, which after the initial investment you would receive infidelity permanent residency.
Which are the documents that are required?
- Valid passport. - Investment plan. - Birth certificate. - Address proof. - Clearance certificate from both local and Paraguayan police (clean criminal records). - Marital status documents. - Proof of legality of funds. - Document provided by the Paraguayan Department of National Police and Identifications.
How is the process?
You'll need to travel to the country twice to obtain this residency, but don't worry, a member of our staff will be with you every step of the way. First trip to Paraguay: On this trip, we optimize all the time we have to be as proactive as possible. First we organize all the documents , then we analyze the criminal records. Then you select an investment project. Next you get a Constancia of Inversionista and finally you apply. Within 90 days you will receive an answer, if positive, you will be given your Permanent Residence papers valid for 10 years (plenty of time to complete the naturalization process for citizenship in Paraguay) Second Trip to Paraguay In the first step you have applied for permanent residence, in the second step you apply for the cédula, here you leave us a power of attorney and in 2-3 weeks we will send the cédula to your address.
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FAQ
Does this residency allow me to obtain citizenship?
If you are looking for a road to citizenship, you will first have to live in Paraguay for three years as a permanent resident.
For how long will I have the residence?
Your Paraguay permanent residence card will be valid for five years.
What documents are required?
• Copy of passport. • Criminal records. • Birth/Marriage/Divorce certificates where applicable. • Medical certificate issued from within Paraguay. • Certificate ‘life and residence permit’ (you will be given this in Paraguay). • Affidavit (issued in Paraguay). • Document from the National Police in Paraguay. • Bank reference letter no older than 6 months old.
Is Paraguay safe?
Paraguay is generally a safe country though it has its many dangers in the form of petty crime, smuggling, money laundering and many others. Just apply basic precaution measures and you should be fine.
Is dual citizenship accepted in Paraguay?
Yes, it does. Paraguay allows dual citizenship which means that you don’t have to give up on your current citizenship.
With what currency must the residency programs be paid?
The programs should be paid in the Paraguay currency that is guaraní.
How does the Paraguay government view cryptocurrencies?
The Paraguayan Senate approved a bill governing cryptocurrency mining and trade in the country.
Can the residence be purchased with an investment in Real Estate?
Yes, you can obtain permanent residency through a real estate purchase in Paraguay.
In what cases can my application be rejected?
Most of the applications are authorized, however there are some reasons why you may have difficulty with this residency. Such us: • Having criminal records. • Lack of documentation. • Do not meet the minimum time in the country.
The main applicant must go to Paraguay?
Yes, you would have to travel to Paraguay to open the bank account, pass medical, pass due diligence checks, swear an affidavit and submit application for permanent residency.
