There are two paths to Permanent Residency in Paraguay
1. Temporary Residency first
This option works smoothly for 95% of Westerners (very few restricted nationalities).
Just show up with the right documents, apply with the help of an immigration agent in Paraguay such as Matt, and get temporary residency.
The process will involve 3 trips during a 2.5 year period, after which you will be granted permanent residency.
2. Immediate Permanent Residency
There is a new immigration program which grants applicants Immediate Permanent Residency, as opposed to the usual route of getting Temporary Residency first.
It requires just one trip to Paraguay. After the process is completed, you will need to set foot in the country only once every three years to keep it active.
The historical SUACE Permanent Residency program states that one must invest at least $70,000 and create 5 local jobs. This is a pretty heavy commitment.
The good news is : the Paraguayan National Institute for Audiovisual (INAP) just received a special derogation for a lower minimum.
If you invest $40,000 in a local film and demonstrate at least $80,000 in a bank account, you can now get Immediate Permanent Residency, in a single trip.
I’m not saying it’s a great investment. I’d rather consider it a donation, with perhaps a surprise dividend.
Who is immediate PR good for?
- Busy Westerners who want a plan B but don’t want to go through Temporary Residency first and deal with flying to Paraguay multiple times until they get Permanent Residency
- People from Africa, the Middle East and Asia who typically need a visa to get to Paraguay. The team will ensure you get a visa from a Paraguayan embassy, which will let you travel to Paraguay to get your Permanent Residency
- People who fear the laws may change sooner rather than later in Paraguay. Let’s face it; it’s just too easy right now and Paraguay is booming. They absolutely WILL make it harder in the future, but nobody knows when. This is a way to get it quickly and easily.
This Permanent Residency is valid for the applicant only. Family members will have to submit their own applications : we can also help with that.
In this video, Laszlo, the program architect, describes this new Immediate Permanent Residency option.
Contact us for Permanent Residency in Paraguay through investing in a local film.
If you wish to pursue the standard pathway to permanent residency by first obtaining temporary residency, just as I myself did, Matt is the one who can help.
Feel free to read the full Asuncion Real Estate Investor Guide – you won’t find any better resource elsewhere.
To a World of Opportunities,
The Wandering Investor.
Services in Paraguay:
- My Real Estate Buyer’s Agent in Asuncion, Paraguay
- How to obtain Residency in Paraguay
- How to obtain Permanent Residency in Paraguay through investment in film production
Articles on Paraguay:
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