PARAGUAY RESIDENCY IN 2024
The easiest and fastest way to obtain a second residency in Latin America is here, and you can now work with our team in Paraguay to get this done ASAP.
WHY PARAGUAY?
Over the past 2-years, I studied several countries and their residency options. Out of all the countries I considered, Paraguay was one of the countries that reached the top of the list, and here's why:
Paraguay offers one of the easiest and fastest residence programs in the world in 2023, making it very appealing to the average person who seeks a plan B in a different region on this beautiful planet.
Unlike other regions that embody xenophobia and racism, Paraguay is a very open-minded country.
In just 3 short years of residency - you can apply for Paraguayan citizenship. Foreigners are also permitted to own property in Paraguay. Likewise, full company ownership (100%) is allowed, making it a liberal place for people who want to establish themselves in Latin America.
To your success,
Gerald Summer
PARAGUAY INCENTIVES
Territorial Tax System
Under its territorial tax system, Paraguay does not tax its residents on overseas income. E.g., You used your Irish company to pay yourself a $200,000 salary in 2022. With Paraguayan tax residency, you would not pay taxes on your salary.
Income generated abroad is not taxed in Paraguay. This is a distinct advantage that not too many countries on this planet offer at the moment.
Liberalism
Paraguay is an immigrant country with a proven track record of liberalism. As a resident of Paraguay, you enjoy full reciprocity in terms of civil and property rights, meaning you're treated equal with citizens.
Liberalism is the cornerstone of immigrants whose goal is to establish themselves in a foreign country.
Property Ownership
In Paraguay, foreigners can own 100% of the land their home is built on and 100% of their residential properties.
So you are in a much better position buying property in Paraguay than if you were to buy property in Thailand or the Philippines.
Passport Strength
As of 2022, a Paraguay passport gets you access to over 142 countries and territories. While a Paraguay passport isn't as strong as an EU passport, it still gets you access to more countries than most other passports in the world.
3-years of residency is enough to apply for Paraguayan citizenship. Some countries require 5-10 years of residency before you can apply for citizenship. The shortened path to citizenship is yet another big advantage that speaks for Paraguayan residency.
100% Company Ownership
As a foreigner, you can own 100% of a company in Paraguay. This means that you don't need a local partner to start a company in Paraguay. Each company needs one resident director, which will be you, but you are not required to have a Paraguayan partner.
Whether you want to open an ice cream shop or a marketing agency, you can do that without a Paraguayan director. This provides peace of mind, knowing that you can and will be in charge of your own company.
SEE WHAT OTHERS ARE SAYING ABOUT US!
I've found that many companies offering assistance with residency lack on-ground experience in the countries they serve.
However, Gerald's personal experience in these locations is truly priceless. His expertise in residency, legal paperwork, and the overall process is unmatched.
Working with him and his team has been refreshingly straightforward.
David F Lambert - Canada
I purchased the Nomad Elite coaching program and I enjoyed my time working with Gerry. He gave me the blueprint on how to start a successful online business.
What I appreciated the most was how honest and transparent he is. Today, there are so many people online claiming to take you to success overnight or they make it look easy.
But Gerry is straightforward and teaches you how a business really works (because he has successfully done it). I learned so much from Gerry and enjoyed working with him. Highly recommend!
James - Canada
Step 1
Before your trip to paraguay
Step 2
your trip to paraguay
Please allow at least 7 business days for your first trip. We recommend 10 business days. Although it’s possible to complete everything in under 7 business days, we always want to expect the worst-case scenario.
step 3
Approval
We will inform you once your application has been approved so that you can collect the following:
Paraguay Residency Packages
YELLOW BELT
PLAN B
$2,700
or 2 Installments of $1,365 each
BLUE BELT
RELOCATEE
$3,750
or 2 Installments of $1,895 each
BLACK BELT
NOMAD ELITE
$12,950
or 3 Installments of $4,350 each
Frequently asked questions
What's the processing time?
Once your application has been submitted to the relevant government department, it usually takes 90 days for your application to get approved. In some cases, it could take slightly longer.
Are there any additional costs?
The above fees for the Bear Bone and Relocatee packages are for one applicant only. They don’t include citizenship and company incorporation services.
*Cedula application is included in our Relocatee and Nomad Elite packages. You may apply for your Cedula upon approval of Paraguay residency.
How soon can I apply for citizenship?
Once you've legally resided in the country for at least 3-years (183+ days per year), you can apply for citizenship.
How do I qualify for Paraguayan tax residency?
To make Paraguay your tax residency, you have to spend at least 120 days per year in the country.
Do you offer discounts for families?
Yes, we do apply a discount for families. Please note that all applicants need to submit their applications.
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