Paraguay offers one of the world's fastest and most accessible permanent residency programs. With no minimum stay requirements and a territorial tax system, it's a top choice for global entrepreneurs.
Why Paraguay?
Paraguay stands out for several compelling reasons:
- Speed — Permanent residency in 6-8 weeks
- Low cost — Total investment under $5,000
- Territorial taxation — Foreign-source income is not taxed
- No minimum stay — Visit once every 3 years to maintain status
- Path to citizenship — Eligible after 3 years of residency
Requirements
The requirements are straightforward:
- Valid passport with at least 6 months validity
- Clean criminal background check (apostilled)
- Birth certificate (apostilled)
- Proof of income or savings (~$5,000 bank deposit)
- Health certificate
- Passport photos
The Process
- Arrive in Paraguay (Asunción recommended)
- Open a local bank account and deposit funds
- Obtain police clearance from Paraguayan authorities
- Submit your application to Migraciones
- Receive your temporary residency card (cédula)
- Convert to permanent residency after approval
Costs
- Government fees: ~$500
- Legal fees: $2,000 – $3,500
- Bank deposit: $5,000 (yours to keep)
- Document apostilles: $200 – $400
- Flights and accommodation: Variable
Strategic Uses
A Paraguayan residency is valuable for:
- Tax residency — Establish legal tax residency with territorial taxation
- Banking — Access to South American banking system
- Second passport — After 3 years, apply for citizenship
- Plan B — A backup residency in a stable, growing economy
Next Steps
Our Paraguay residency package includes full legal support, bank account opening assistance, and document preparation. Contact us to get started.
