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Paraguay CITIZENSHIP

Overview

Paraguay is a beautiful South American country known for high levels of personal freedom, low taxes, and minimal regulation. Retirees from European nations such as Germany have been relocating to Paraguay for years. Simply put, Paraguay is a place where you can live your life as you see fit. Once you obtain permanent residence in Paraguay, you have the right to live and work there for life. You will also enjoy other benefits within South America’s Mercosur region.

TimeLine: No available data!!!

Nationalities supported: Open to all nationalities

Visa Free Travel: Visa Free Countries: 123

investment type: bank deposit

investment cost: $150,000

BENEFITS

Once you obtain permanent residence in Paraguay, you have the right to live and work there for life. You will also enjoy other benefits within South America’s Mercosur region.
Dual citizenship allowed.
Passport Ranking: 29th

Visa Free Countries: 123
Can Visit Europe: Yes
Can Visit the US: No

Paraguay has a territorial tax system which means that only income and capital gains earned in Paraguay are taxed, and only at a flat rate of 10%.
Paraguay has no inheritance or estate tax, no net worth tax, no capital duty, no stamp duty, and no capital acquisitions tax.
Cost of living: $1,000+
Income Tax Rate: 8-10%
Taxes Foreign Income: No

Paraguay’s policy of jus soli – or “right of the soil” – means that children you give birth to while in Paraguay will obtain Paraguay citizenship at birth.

COSTS

You must first obtain permanent residence by depositing $5,000 in a Paraguay bank OR purchasing local real estate

OPTION-bank deposit

Minimum Investment:US$5,000

TIMELINE

GENERAL INFO

Visa requirements for Paraguayan citizens are administrative entry restrictions by the authorities of other states placed on citizens of Paraguay.

As of 22 May 2018, Paraguayan citizens had visa-free or visa on arrival access to 143 countries and territories, ranking the Paraguayan passport joint 29th with Macau in terms of travel freedom according to the Henley Passport Index

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