Paraguay Residency
A Paraguay residency is the most easily accessible residence on the global market today. Obtaining temporary or permanent residence in Paraguay can subsequently lead to citizenship in Paraguay. As a Paraguayan resident, my team of Paraguayan lawyers and I can help you obtain Paraguay residency in a simple and quick way (a one-time 2-3 day visit to Asuncion). Before you start reading this article I suggest to read what benefits it provides you.
Why Paraguay residency
Territorial taxation
Foreign income is not taxed at all, and local income is taxed at a flat rate of 10%.
No minimum stay
No minimum number of days must be spent annually to maintain residency. In case of temporary residency you must enter territory for 1 day each year. In case of permanent residency you have to enter territory for 1 day every 3 years.
Easy access to citizenship
A permanent resident may apply for a paraguayan passport after 3 years.
Crypto & capital friendly
Paraguay doesn’t tax your crypto gains or capital gains wealth (for companies outside Paraguay).
Bank anonymity
One of the last remaining sovereign nations is Paraguay. Paraguay never signed CRS (common reporting standard), their banking is opaque.
Plan B
It is always good to have a plan B in place. Have a second home and have a diversified set-up.
Six simple steps to obtain Paraguay residency:
Step 1
Documents
We help you to get all necessary documents from your home country – such as birth certificate, passport, criminal record from your home country, marriage certificate (if you are married). All documents must be with apostille. We can start the process with those documents providing them in advance to our lawyer team in Paraguay. Translation to Spanish is done in Paraguay from all languages that have a local translator in Paraguay. If the translator in Paraguay does not reside then the translation is done in home country. We can guide you in the whole process.
Step 2
Paraguay visit
You will arrive to Asuncion, Paraguay. We are able to help to organize all necessary government office visits and paperwork during one visit. We can provide you with some tips on where to stay. If you are planning to make a quick trip then we suggest to stay in hotel, if you plan to stay for longer period of time and get to know Paraguay we can suggest where to stay in appartments/flats (if you prefer).
Step 3
Immigration office visits with lawyer
Our lawyers will pick you up on agreed date/time and will go through all the process and visiting all governmental offices with you and your documents. This normally takes 1 business day
Step 4
Fly out
When visits are done you can fly out if you are in rush. Normally it is enough to make a 3- business day visit in Paraguay, just to be sure. If all goes well then all is done within 1 business day. But 2 extra business days are good to have if something happens.
Step 5
Waiting for documents
You already leaving with “residencia precaria” in your hands while waiting for your documents for temporary residence.
Normally it takes around 3 months to get the residency card. We have it done approx. in 30 days to receive immigration card. Then with immigration card our lawyers with power of attorney from you will arrange and apply for ID card (“cedula”) without your personal presence. To receive ID card it takes approx. another 15-30 days.
Step 6
Documents delivery
When documents are ready we can organize to send them with courier to your address to the country you want.
Now you became Paraguayan temporary resident. Welcome.
Permanent Residence
After two years of temporary residence, you can renew and apply for a permanent residence permit, which is valid for another 10 years. For this you need to have a university degree or prove your usefulness to Paraguay. We can help you with this process after 2 years of temporary residence and make it very simple and straightforward for you.
Citizenship
After living in Paraguay for 3 years with permanent residence, you can apply for Paraguayan citizenship if that is your goal. This means that you will become a citizen and receive a Paraguayan passport.
The following conditions must be met in order to do so:
Live in Paraguay for 3 years with permanent residence (183 days or more during a year each year), pass a Spanish and history test and have ties to the country.
Additional support / add-ons
Driving license
✅ We offer a service to organize driving license in Paraguay in no time after “cédula” is being issued to you.
Tax registration & assistance
✅ We can help you with registration to the Paraguayan tax office (SET). And help to receive tax identification number RUC.
✅ We offer service to file monthly tax documents with tax office.
Concierge service
✅ Proof of address for your various services…
✅ Post mail receival and related operations (re-send, scan, shred, etc…)
Weapon license
You can obtain weapon licenses and legally own a firearm. We can help you with the process of registration.
Bank account
We can advise you on what bank institution to select and advise you on setting up a bank account.
Mobile service operator
We can advice you on what options are on the market and what you might want to select.
Home country residency
If you are interested we can guide you on how to cancel your residency in your home country (that means you will still be citizen but not resident).
This step is not necessary (depends on your threat model why you want to have residency) but recommended if you want to get rid off unnecessary state social and health insurance payments.
Health insurance
We can advise you on what global health insurance options are on the market.
Simple process, we got you covered
Your own way
With our team
If you still feel that you want to jump in the process alone you can follow this guide that we have put together. The whole process is no secret and it is written in 10 steps and if you have enough resilience, time and speaking spanish you can give it a try. All depends on you how much energy you want to dedicate to this process. Here is the complete guide to follow
If the process will sound too complicated we are here to help you and organize it for you within short time frame.
