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 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
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
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
Paraguay is one of the countries that adopt a territorial tax system, which means only national income is taxed while income earned abroad is excluded from any form of taxation. This is one of the reasons why thousands of people every year, especially digital nomads and remote workers, move their tax residency to Paraguay. That … Read more
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
One of the most common questions we are asked by those interested in Paraguay’s residency program is how to obtain a Tax ID. This can be crucial, for example, to shift your tax residency from your home country to Paraguay. However, it’s important to understand that in Paraguay there isn’t an exact equivalent of the … Read more
There are many situations where obtaining a background check in Paraguay can be crucial, especially when seeking residency in the country. For those applying for temporary or permanent residency, it’s necessary to submit three background checks: one from their home country, one from Interpol, and one issued directly by the Paraguayan police. Also known as … Read more
Many people are under the impression that Paraguay offers a citizenship by investment program , probably due to the straightforward process of obtaining residency in the country. However, there isn’t actually a program allowing immediate citizenship in this manner. Acquiring Paraguayan citizenship for those born abroad is relatively straightforward, yet it requires accumulating three years … Read more
Getting a visa in Paraguay is the first step for those looking to visit the country or, as is often the case, to start the process for a second residency. The procedure is regulated by the Law 1384/12, which outlines the due requirements and steps. There’s no distinction between those traveling for tourism, work, or … Read more