Paraguay Permanent Residency by Investment via Film Production
The official law to get immediate permanent residency in Paraguay (SUACE) states that you must invest $70,000 in a local business and create a number of local jobs. The general understanding is usually 5 jobs.
Of course, not everyone wants to create an actual business on the ground. Some agents have been circumventing this by obtaining permanent residency for their clients through real estate-based companies, but this pathway doesn’t necessarily follow the letter of the law.
Typically, people look for a Plan B in Paraguay – so you want your residency to be obtained fully above board so that it’s available when you need it.
How to obtain immediate permanent residency in Paraguay by investing in a film
The Paraguayan government is currently looking to develop their own film sector by offering subsidies, encouraging foreign companies to invest and providing other incentives.
As such, there is now an official option for foreigners to obtain immediate permanent residency by investing $40,000 USD into a film company to fund the production of local films.
The investment money remains in the company, and there will eventually be distributions depending on the performance of the film. The success of the film you invest in is by no means guaranteed – like Hollywood, the industry can produce blockbusters or duds, so it is prudent to think of your investment as a donation, but with the potential for a surprise distribution later on.
Investors will also have to demonstrate a minimum of $80,000 USD in their bank account.
Only the main applicant will receive permanent residency under this procedure. Family members will receive a two-year temporary residency. Processing time takes around two months. Keeping the residency active only takes one visit every three years.
For those looking to take advantage of Paraguay’s territorial tax system and extremely high degrees of personal freedom, this represents one of the easiest paths to securing permanent access to the country.
Ready to fast-track your path to permanent residency in Paraguay?
Obtain Permanent Residency Legally
$40,000 Film Production Investment
Tax Freedom and Security in 2 Months
Get PR in Paraguay
Use contact for below to learn more.
What if I need a visa to Paraguay?
The applicant will need to go to Paraguay to file the application. In the event the client requires an entry visa, documentation will be collected and given to the government film authority. They will approve the documents and share them with the Ministry of Foreign Affairs to obtain a letter of invitation. One is sent to the client, and the other is sent to the embassy where the client will apply for the visa.
Who is this residency good for?
- Westerners seeking an easy, immediate Plan B in Latin America
- People from developing countries without visa-free access to Paraguay – this represents the easiest way into Paraguay to invest and apply.
- People who fear the laws in Paraguay may change soon and want to guarantee their access sooner rather than later.
Laszlo
Contact Laszlo to learn more about getting PR in Paraguay with this innovative film production option.
Get a personalized consultation with Laszlo, a seasoned expert with nearly 30 years of experience in investment migration, to guide you through the Paraguay residency by investment process.
If you have a Western passport and want to go the usual, slower route by getting temporary residency first, rather speak to Paraguay immigration agent Matt.