There are several reasons why someone might consider moving to Paraguay:
Cost of Living:
Paraguay has a relatively low cost of living compared to other countries, especially in terms of housing and food. This can be especially appealing for those on a fixed income.
Tax Advantages:
Paraguay operates a territorial tax system - you're only taxed on income generated within Paraguay. Foreign-sourced income is generally not taxed.
Natural Beauty:
Paraguay borders the famous Iguazu Falls region and is home to the Itaipu Dam. The country features diverse landscapes including forests, grasslands, and wetlands.
Cultural Richness:
Paraguay has a rich cultural history, with a blend of indigenous, Spanish, and other European influences.
Friendly People:
Paraguayans are generally known for being warm and friendly.
Affordable Healthcare:
Paraguay has a universal healthcare system that is relatively affordable.
Good for Retirees:
Popular destination due to the low cost of living, affordable healthcare, and stable political climate.
Residency Accessibility:
Paraguay offers one of the world's most accessible permanent residency programs. No minimum investment requirement, minimal physical presence requirements (visit once every 3 years), and a clear path to citizenship after 3 years.
The Digital Nomad Angle:
The combination of low cost of living, territorial taxation, and reliable internet infrastructure creates an appealing package.
2024-2025 Economic Momentum:
Paraguay was declared to have the "best business climate in the region" with forecast GDP growth of 3.8%.
I've helped people through this process. If they could obtain residency, so can you.
