Introducing
PARAGUAY
Attracting families with its low living costs and favorable taxation, Paraguay emerges as an underrated and ideal destination for peaceful living and retirement, offering both economic efficiency and a serene lifestyle.
The Program
RESIDENCY
Investment / contribution of US$ 50 000
An initial visit is required to apply. 3-4 months after the first visit, the residency card will be issued and the second payment of US$ 25 000 is due.
CITIZENSHIP
Cost of US$ 15 000 paid two years after residency, one month before your second trip.
The second visit is required to:
- Convert the initial 2-year residency to permanent
- Prepare the citizenship application
- Get tax ID, mobile number, open bank account etc.
Get Full Citizenship after 3 years.
Top reasons why South africans of all ages choose Paraguay
- Residency in 3-4 months.
- Citizenship after 3 years gives visa-free travel to Schengen zone, UK – over 140 countries.
- Low cost: only USD 65 000 for a single applicant.
Geographical Location:
Positioned in South America, Paraguay shares its borders with Bolivia to the north, Brazil to the east, and Argentina to the south and west. Despite lacking coastal access, Paraguay boasts a rich array of offerings, with regular flights from major Central European cities facilitated through Madrid.
Distinct Climate:
Experiencing an inverted seasonal pattern due to its location in the Southern Hemisphere, Paraguay enjoys mild winters from mid-May to mid-August, contrasting with long, warm summers spanning November to March.
Economic Affordability:
Paraguay stands out for its remarkably low cost of living, encompassing expenses such as rent, food, and consumer goods.
INTERESTING INFORMATION
Renowned for its safety and tranquility,
OFFICIAL LANGUAGE
Paraguayan Guarani, Spanish
MEMBERSHIP
UN (United Nations)
OAS (Organisation of American States)
MERCOSUR (The Southern Common Market)
CAPITAL
Asunción.
CURRENCY
PYG (Paraguay Guarani ZAR 1.00 = PYG 385. 62
POPULATION
7 million
TAXES
Paraguay only taxes locally sourced income obtained for personal income tax.
The rates are progressive with a maximum applicable rate of 10%.
Paraguay stands out for its remarkabl low cost of living
Quality of Life and Healthcare Infrastructure:
Paraguay is renowned for its safety and tranquility, earning it a reputation as one of the world’s happiest countries. Contributing to this satisfaction is the nation’s high quality of life, which is complemented by an excellent private healthcare infrastructure and favorable health policies.
APPLICATION REQUIREMENTS
Here are the requirements and additional costs for residency and citizenship in Paraguay:
– The applicant must be physically present.
– Proof of a clean criminal record is required from the country of origin.
– Provide birth, marriage, or divorce certificates.
– Documents must be apostilled if the issuing country is a signatory of the Hague Convention. If not a member, documents should be attested by the Paraguayan consulate abroad.
Additional Costs:
– Residency:
– Spouse: $10,000
– Child: $5,000
– Citizenship (after 3 years): $10,000
PARAGUAY - COUNTRY INFORMATION
Energy-rich Paraguay is nestled in the heart of South America, sharing borders with Brazil, Argentina, and Bolivia, spanning an area of 406,752 sqm (larger than Germany or Japan). Spanish conquistadors first arrived in 1524, and in 1537, they established the city of Asunción. Throughout the 17th century, Paraguay flourished as the epicenter of Jesuit missions, where the native Guarani people embraced Christianity and European culture.
Today, Paraguay stands as a democratic state governed by the rule of law, boasting a three-branch government and recognizing two official languages, Spanish and Guarani. With a native Amerindian population and a vibrant blend of immigrants from across the globe, Paraguay cherishes an extraordinary wealth of cultural manifestations.
The population totals approximately 7 million, with nearly 3 million residing in the capital of Asunción. Paraguay proudly generates all its electricity through hydropower, earning its place as one of the world’s cleanest nations. Renowned as the fifth-largest soybean producer worldwide, the second-largest producer of stevia, and the ninth-largest exporter of beef, Paraguay’s economic prowess shines on the global stage. The bustling city of Ciudad del Este stands as the second-largest in the nation and ranks as the third most important free commercial zone globally, following only Miami and Hong Kong.
