I will drop some information on how to get Palau e-residency. Please note, that this is not the same like having physical residency in Paraguay, which gives you more benefits. I will break down what benefits it might offer and what it cannot do.
In general you can expect following. Below you will find information how to receive Palau e-residency and you can dive in and organize it from the comfort of your home. You alone without any third party. Here is all you need to know.
What Palau e-residency offers :
Legal government-issued ID
You will receive physical ID card + digital ID for connected services.
ID can be used for: KYC exchanges, ID checks, hotels, trips, check-ins, etc.
There might be additional add-on services in the future for digital residents of Palau. They are not fully functional yet.
You can choose to apply for 1 year, 5 years and 10 years of validity.
Fee ranges from $248/year up to $2039 for 10 years.
These are fees that Republic of Palau is charging.
Issuing ID cards
Approving application takes about 2 weeks.
Printing and making an ID takes around 2-4weeks. Plus shipping time.
Cons / in development:
Proof of address
Virtual address is not available yet, but they claim it should roll out soon.
It should be in the way of add-on and have a virtual proof of address.
There should be an option to pay for utility bill and have a physical-ish proof of address in Palau. Or pay for physical address provider.
Republic of Palau does not allow to become citizen, only Palauans may hold the citizenship.
There is a 0% tax from Palau on non-Palauran income for digital residents. However it is important to mention that becoming tax resident requires to stay in the country for more than 183 days / year plus you have to have center of interest there.
You can fill the application for e-residency here directly with Republic of Palau