Paraguay may not yet be familiar to you, but its Residency Program offers a compelling option in today's uncertain world. With a modest investment, you can secure a Paraguay Residency Permit and tap into a country that stands out for several reasons:

• Abundant renewable energy, making it the world's largest electricity exporter.

• Extensive underground reserves of fresh water.

• Significant agricultural output, ranking as the world's 5th largest beef exporter.

• A stable economy without exchange controls.

• Favorable tax system with low rates: 10% for corporate and personal taxes, no taxes on worldwide income, wealth, capital gains, inheritance, or capital acquisitions.

• Financial privacy with no Common Reporting Standard (CRS) reporting on bank assets, maintaining confidentiality.

In November 2022, Paraguay enacted new residency laws, streamlining the application process. Despite increased requirements, these changes overall enhance clarity and efficiency.

Why Choose Residency by Investment in Paraguay?

Paraguay is a pro-business democracy encouraging foreign investment. The residency process is straightforward, designed to integrate applicants fully into the country’s life and economy. It appeals to a diverse range of applicants, from young professionals and digital nomads to seasoned entrepreneurs and retirees seeking a relaxed tax environment.

Two Routes to Obtain Residency in Paraguay:

1. Traditional Route:

Starts with Temporary Residency (2 years) leading to Permanent Residency.

Applicants and their families must briefly visit Paraguay to apply.

Temporary Residency is typically approved within 90 days, facilitated by Citizenship-Index.

Benefits include a Paraguayan ID card enabling work, business setup, and other activities.

Temporary residents can transition to permanent residency through various ties to Paraguay, such as company formation or real estate investment.

2. Expedited Permanent Residency (SUACE Route):

Direct path to 10-year Permanent Residency status.

Requires an investment of at least US$ 70,000 in a business venture.

Designed to stimulate economic growth through job creation and company formation.

Documents Required for Paraguay Residency and Cedula:

Standard documents include birth and marriage certificates, and police records from relevant countries, legalized as per Paraguayan requirements. Medical checks are no longer mandatory since November 2022.

Opening Bank or Brokerage Accounts:

While not required for residency application, opening a local bank account is advisable post-residency to manage living expenses. Citizenship-Index assists with this process.

Citizenship in Paraguay:

While Paraguay doesn’t offer Citizenship by Investment, residents can apply for citizenship after three years of Permanent Residency, meeting language, constitutional knowledge, and residency requirements.

Dual or Multiple Citizenship:

Possible under certain conditions, with Spain currently having a treaty allowing dual citizenship with Paraguay. Consultation with a Paraguayan attorney is recommended for specifics.

Getting Started:

The process for Paraguay Permanent Residency and Cedula is straightforward:

• Contact Citizenship-Index for professional guidance and begin your application.

• Gather necessary documents.

• Visit Paraguay for Temporary Residency and establish ties.

• Return after two years for Permanent Residency.

Initiate your journey today by contacting us via our contact form on the Citizenship-Index website, and we will connect you with the right consultant. click here to start!