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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 |
*Paraguay allows dual citizenship for most nationalities in practice, though constitutionally limited to treaty countries (currently Spain).
**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.
Choose Paraguay if:
- You want the lowest cost option
- Dual citizenship is important
- You prefer visiting less often (every 3 years)
- Faster citizenship matters (3 years)
Choose Panama if:
- You need world-class banking
- You prefer a metropolitan lifestyle
- You have $200,000+ to invest
- You're okay renouncing original citizenship later
Not sure which is right for you?
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Two exceptional residency destinations with territorial taxation
