An often-overlooked gem with the most affordable and flexible residency program in the world. Paraguay boasts South America's largest agricultural industry, a young population (average age 26), rapidly developing real estate, and a growing modern scene in Asuncion.
What daily life actually looks like
Cost of living, neighborhoods, food, culture, and what to expect.
Paths to Permanent Residency
Business investment required
Timeline
2 years → permanent
Deposit
None required
What you get:
- Territorial tax (0% on foreign income)
- Visit requirement: Once every 3 years
- Citizenship eligible after 3 years
- Dual citizenship allowed
- Full concierge support
*Requirements may vary by nationality. Some countries may require additional documentation such as a university diploma. Contact us to confirm requirements for your specific situation.
Investment
$70,000
(can be deployed over 10 years)
Timeline to Permanent Residency
45-90 days
Requirements:
- Paraguay company formation
- Paraguay bank account
- Business plan showing investment commitment
What you get:
- Immediate permanent residency
- 10% corporate tax on local income only
- Foreign income: $0 tax
- Visit once every 3 years
- Citizenship in 3 years
- 0% tax on foreign-sourced income
- 10% flat tax on local income
- No wealth, inheritance, or estate taxes
- Visit once every 3 years to maintain status
- Low cost of living (rent, food, healthcare)
- Growing expat community in Asunción
- Modern shopping, dining, and nightlife
- Safe residential neighborhoods
Requirements
- 3+ years permanent residency
- Spanish proficiency exam
- History & civics exam
- Tax registration with filings
- Professional activity in Paraguay
- Clean criminal record, 18+
Passport Benefits
- 146 countries visa-free
- Schengen Area access
- USA E-2 visa eligible
- Full MERCOSUR freedom of movement (live and work in Argentina, Brazil, Uruguay, Bolivia)
*Dual citizenship allowed in practice for most nationalities. See FAQ for details
MERCOSUR Travel - What You Actually Get
Residents: Your Cédula can substitute for your passport within MERCOSUR - but only if your nationality already has visa-free access. It's a convenience, not new access.
Citizens: Full mobility. Live and work in Argentina, Brazil, Uruguay, Bolivia, and associated states. Apply for 2-year residence, convert to permanent.