Paraguay Residency Program: How it works in 2024

Paraguay stands out as one of the easiest and most convenient countries to get a second residency. Furthermore, its favorable tax system makes it a popular destination for those seeking a secondary residence, not just for themselves, but also for their business. The laws regulating the residency process in Paraguay have undergone significant changes, notably … Read more

How to Get Temporary Residency in Paraguay in 2024

Temporary residence in Paraguay allows you to reside, work, and invest in the country for two years. Moreover, temporary residence can be extended before its expiration, or even converted into permanent residence after 21 months. When discussing obtaining residency in Paraguay, the information encountered is often contradictory. This is mainly due to the fact that … Read more

How to Open a Bank Account in Paraguay

Opening a bank account in Paraguay, especially for foreigners, can come with its fair share of challenges. Even if you already have your temporary or permanent residency and your cédula, it’s not uncommon to still face difficulties in opening an account. This is due to a set of rather unique regulations that shape how the … Read more

Paraguay Residency Requirements: Comprehensive Guide (2024)

Paraguay is known as one of the countries with the least stringent requirements for obtaining residency. Virtually anyone with a clean criminal record can secure residency in Paraguay, but the specific requirements vary depending on the type of residency one desires. Typically, the simplest process involves obtaining temporary residency first and then transitioning to permanent … Read more

Cédula de Identitad: All About the ID Card in Paraguay

The cédula de identidad is the equivalent of the identity card in Paraguay. It is one of the most important documents for citizens of the country and for the thousands of foreigners who have a residence permit in Paraguay. It is the main document used for the recognition of individuals and is essential both for … Read more

How to Convert Temporary to Permanent Residency in Paraguay

Those who apply for a temporary residence permit in Paraguay usually do so with the goal of transitioning to permanent residency later. This is the easiest way to become permanent residents of the country without having to invest capital or demonstrate any minimum income level. It’s important to know how to complete this process so … Read more

How to get Tax Residency in Paraguay – And avoid losing it

guide to tax residency in Paraguay

One of the most attractive features of Paraguay and its residency program is the possibility to shift tax residency to the country. There are several advantages to being a tax resident of Paraguay, including: But how do you obtain tax residency? This is the topic we’ll focus on throughout this guide, which is updated according … Read more