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Side-by-side comparison of Paraguay and Panama residency options

Feature	ParaguayStandard	ParaguayInvestor	PanamaFriendly Nations*	PanamaQualified Investor
Upfront Cost	From $5,000	$70,000 + Fees	min. $200,000 investment + Fees	min. $300,000 investment + Fees
Time to Permanent	2 years	45-90 days	2 years	~45-60 days
Visit Requirement	Every 3 years	Every 3 years	Every 2 years	Every 2 years
Tax on Foreign Income	0%	0%	0%	0%
Tax on Local Income	10%	10%	Up to 25%	Up to 25%
Citizenship Timeline	3 years	3 years	5 years	5 years
Dual Citizenship	Allowed*	Allowed*	Oath required**	Oath required**
Banking Quality	Developing	Developing	Excellent	Excellent

*Dual citizenship allowed in practice for most nationalities.

*Panama requires an oath renouncing original citizenship. However, US, Canada, UK, and EU countries don't recognize this oath - most clients effectively keep both passports.

Friendly Nations Visa available to citizens of 50+ approved countries. Contact us for options if your country is not listed.

Retiree options also available

Paraguay Jubilado VisaFor retirees Panama Pensionado VisaFor retirees

Choose Your Path

Two exceptional residency destinations with territorial taxation

PARAGUAY

Lowest cost option. Flexible residency. No investment required. Dual citizenship allowed.

Citizenship3 years

Visit RequirementEvery 3 years

0% tax on foreign income

PANAMA

Banking hub. $200,000+ investment required. Citizenship requires oath, but US/Canada/UK/EU citizens typically keep both passports.

Citizenship5 years

Visit RequirementEvery 2 years

0% tax on foreign income

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