Two years ago I went to Paraguay to apply for temporary residency and recently I went back to apply for permanent residency.
It became a little harder now to obtain residency in Paraguay.
Before, one could get away with just two trips to get to permanent residency.
Now, it’s either three trips, or an initial trip of 3-4 months and then a final trip to apply for permanent residency.
Overall it’s still very doable, and it remains one of the most attractive and affordable Plan Bs out there:
- Far away from war and government oppression.
- Geographic location – same time zone as North America. It’s fantastic for remote workers.
- With proper structuring, 0% taxes on money earned outside of Paraguay
- Multiple international schools.
- Affordable healthcare.
- Substantial infrastructure development.
- Relative political neutrality in an increasingly bifurcated world.
- Net food exporter and strong water security.
- Very easy to get residency and even convert your driver’s license.
It’s also a great plan A for people who prefer a more quiet lifestyle.
In this video with Matt, who helped me apply for the conversion of my temporary residency to permanent residency, we discuss why residency in Paraguay, how to obtain residency in Paraguay, and how to obtain tax residency in Paraguay.
I don’t mean to be alarmist, but if you’re interested in Paraguay, just go ahead and do it.
Why?
The country is booming and in the past two years has attracted many immigrants from Brazil, Argentina, North America and Europe.
At some point the government will make it stricter.
When Paraguay was a backwater nobody wanted to move to, sure, they made it easy. But I doubt this will go on forever
I cannot give you a timeline, but I can guarantee you that over the coming years it will become harder, not easier.
Feel free to contact Matt and get all the details on how to obtain residency in Paraguay.
Services in Paraguay:
Articles on Paraguay:
- A Comprehensive Guide to the Asuncion Real Estate Market in Paraguay
- Investing in Asuncion Real Estate in Paraguay – an ROI case study with numbers
- How to obtain Residency in Paraguay
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