Obtain Your Paraguay
Residency with 0% Tax
in Just a 3-Day In-Person
Process
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Why Paraguay?
Minimum Stay - No minimum stay required to maintain your residency.
Residency Benefits - Obtain a residence permit with the option for permanent residency and citizenship in 5 years.
Tax Benefits - 0% tax on worldwide income, only pay local income tax (10%).
High Quality of Life - Experience safety, an excellent climate, affordable living, and a rich culture.
Overview
Paraguay stands out as a favorable destination for obtaining residency due to its territorial tax system, which means you are not taxed on worldwide income. With a low cost of living and a straightforward residency process, Paraguay offers a high quality of life and a path to citizenship after just five years.
Paraguay Residency Program The Paraguay Residency Program is ideal for individuals seeking a low-tax jurisdiction and a simple residency process. The program allows you to live, work, and study in Paraguay, with the added benefit of citizenship eligibility after five years of residency.
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Paraguay Residency Plan
Why Choose Us?
Personalized Service
Tailored solutions to meet your unique needs, guiding you through every step of the process.
Expert Knowledge
Extensive experience in residency and immigration services with our local team.
Comprehensive Support
From initial consultation to residency approval, we're with you all the way, with a physical office in Asunción.
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Common
Questions
What is tax residency in Paraguay? Tax residency in Paraguay refers to the status of an individual or legal entity that is subject to taxation in the country based on their income, assets, and economic activities.
FAQ
How do I become a tax resident in Paraguay? To become a tax resident in Paraguay, you must either have a temporary/permanent residence in the country or spend at least 120 days within a 12-month period in Paraguay.
What is temporary residency in Paraguay? Temporary residency in Paraguay is a legal status granted to foreigners who wish to reside in the country for a specific period without becoming permanent residents.
What are the requirements for temporary residency in Paraguay? To apply for temporary residency, you must submit a temporary residency application to the Dirección General de Migraciones (DGM) along with the required documentation.
How long does temporary residency last in Paraguay? Temporary residency in Paraguay is usually granted for one year and can be renewed annually for up to three years.
Can I work in Paraguay with a temporary residency? Yes, you can work in Paraguay with temporary residency, provided you obtain the necessary permits and meet the requirements of your residency category.
What is the cost of living in Paraguay? Paraguay's living cost is relatively low compared to other countries in the region. Expenses vary depending on your lifestyle and location, but overall, you can expect lower costs for housing, transportation, and food. 600 USD decent loft to 1,200 USD fancy loft/1 bedroom. Meat (highest quality and 5 USD/kg)Eating out at a fine dining restaurant (15-20 USD per person)
What is the official currency of Paraguay? The official currency of Paraguay is the Paraguayan Guarani (PYG).You can also withdraw USD at the ATM, but are not widely accepted in the day to day.
Is Paraguay a safe country to live in? Paraguay is considered relatively safe for expats, but it's essential to take standard safety precautions, such as avoiding certain areas at night and being cautious with personal belongings.
Can I open a bank account in Paraguay as a temporary resident? Yes, temporary residents can open a bank account in Paraguay by providing the necessary documents, including their residency card, passport, and proof of addres.
What is the income tax rate in Paraguay? The income tax rate in Paraguay is a flat 10% for residents, while non-residents are subject to a 12.5% withholding tax on Paraguayan-sourced income.
Are there any tax benefits for foreign residents in Paraguay? Paraguay offers a territorial tax system, meaning foreign residents are only taxed on income derived from Paraguayan sources.