Paraguay Residency
As a Paraguayan resident and being regularly in Asuncion, I and my team of Paraguayan lawyers can help you obtain Paraguayan residency in a simple and fast way ( 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
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 your self-sovereignty:
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 a 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, 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 (183 days or more during a year each year), pass a Spanish and history test.
Additional support (add-ons)
All add-ons are 100% legal and properly registered with institutions or government.
Driving license
We can help you to obtain driving license in Paraguay in no time.
Tax registration
We can help you with registration to the Paraguayan tax office (SET).
Mail address
We can help you to get mailing address if that is something you need.
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.
Proof of address and utility bill
We can help you with proof of address and utility bill.
Weapon license
You can obtain weapon licenses and legally own a firearm.
Bank account
We can advise you on what bank institution to select and advise you on setting up a bank account.
Simple process, we got you covered
Your own way
With our team
