Paraguay is an attractive option for individuals as well as families who want to get a fresh beginning within South America. From a simple residency procedure to a cost of living one of the lowest on the continent, this landlocked country offers a warm welcome to ex-pats. You may be a digital nomad, retiree, or simply attracted by the slower pace of life, a move to Paraguay could be the lifestyle transformation you've been waiting for.
In this extensive guide, we'll take you through all you need to know about Paraguay residency how to move into the country, and what living in Paraguay is actually like.
What are the reasons to choose Paraguay Residency?
A Simplified Residency Procedure
Paraguay is known for being one of the most accessible and convenient residency systems throughout Latin America. As opposed to many countries that have a hefty amount of bureaucratic regulations, Paraguay offers a streamlined path to temporary and permanent residency. Traditionally, the process involved placing a deposit that could be refunded into a Paraguayan savings account but recent reforms have lifted this requirement.
Instead, applicants must
A valid passport
A clean criminal record
Civil documents such as birth and marriage certificates, legally legalized
Local address for Paraguay
Once your application has been submitted to immigration authorities, generally, you will receive an approval within a few months.
A low cost of living
Living in Paraguay is a great option for most budgets. in the capital city, Asuncion there are monthly expenses for a single individual typically range between $800 to $1,200, depending on your lifestyle. Housing is particularly affordable for renters; you can find an elegant one-bedroom apartment in a neighborhood that is a good one for around $400-$500 per month.
Utilities, groceries, and services are priced at a fraction of what you'd be paying in North America or Western Europe. For expats, this means that you can live a luxurious way of living without the burden of high costs.
A Favorable Tax System
Paraguay's tax policies are appealing to remote workers, entrepreneurs, and retired people. The country is governed by the tax system of a territorial nature so any income you earn outside Paraguay isn't dependent on Paraguayan taxes. This makes it a great option for anyone who has an online venture, investments abroad or pensions in one of the countries you live in paraguay residency.
How to Get Citizenship? Path to Citizenship
Once you've achieved permanent residency then you are eligible for Paraguayan citizenship in as little like three or four years. Citizenship gives you the benefit of a Paraguayan passport, a broader range of options within the Mercosur commercial bloc and a valuable second nationality. Differently from other countries which have naturalization procedures, Paraguay's are generally transparent, and its government promotes permanent settlement.
Steps to Make the Move to Paraguay
- Create Your Documents
Start by accumulating:
A valid passport
Birth certificate legalized using an Apostille
A marriage or divorce certificate if necessary.
A recent police clearance certificate from the country in which you reside
The documents need to have their translations done into Spanish with the help of an accredited translator.
- Create a Local address
You'll have to provide a Paraguayan address with your application. Many expats opt to rent an apartment in the initial time they are in the country, while others prefer temporary hotels or furnished rental properties until they have settled.
- Submit Your Residency Application
Make your application to Paraguay's National Immigration Department. The applicant will also have to undergo an examination for medical reasons and fingerprinted. If you're using a local immigration lawyer or facilitator, they will help you through every step of the process and will help you track the progress of your application.
- You must obtain your residency card
After approval, you'll be issued Your Cedula (residency card) It serves as the official identification in Paraguay. The card gives you the right to reside working, work, and even open bank accounts throughout the country.
Living in Paraguay: Day-to-Day Life
Housing
Paraguay offers a variety housing options, ranging from contemporary residences in Asuncion to spacious houses in suburban and rural areas. A lot of expats live in neighborhoods such as Villa Morra and Carmelitas, that offer safety, conveniences, and walkability.
If you prefer a quieter environment, consider smaller cities like Encarnacion or Ciudad del Este, where real estate prices are even lower.
Healthcare
Healthcare in Paraguay is a blend of private and public services. Although there is an open public healthcare system available to residents, many expats select private clinics and hospitals due to superior quality health care and shorter waiting time. Health insurance plans are inexpensive and readily available, usually costing a fraction of what you'd pay elsewhere.
Transportation
The public transport options include buses and taxis. However, many expats consider owning their own car more convenient, particularly outside the capital. Car driving in Paraguay is generally straightforward, although road conditions can differ.
Language and Integration
Spanish is the language of state that is spoken in the country, and although English is widely used in professional settings, mastering Spanish can make your experience much more enriching. Paraguayans are friendly and welcoming even with limited Spanish skills go a long way toward building relationships.
Expat Community in Paraguay
The community of expats within Paraguay is growing, thanks to the stability of the economy and a relaxed pace of life. From online forums to clubs for socializing in Asuncion There are a lot of opportunities to connect with others who are new to Paraguay.
The most popular activities for expats are:
A look at Paraguay's national parks
The Jesuit Missions, for example. Jesuit Missions
Sampling traditional Paraguayan dishes such as sopa paraguaya and asado
Benefits of Living in Paraguay
The Low Cost of Living Live a luxurious lifestyle, without breaking the bank.
"Simplified Residence": Some countries are able to provide a simpler path to residency.
Territorial Tax System Conserve more worldwide income.
Journey to citizenship: The clear path to obtain a second passport.
Growth Economy Opportunity in agricultural, remote work and services.
Are you considering moving to Paraguay the right choice for you?
If you're looking to have the freedom of money, the warm weather and a relaxed life, Paraguay can be a beneficial option. Paraguay offers a unique blend of low taxes, easy living, and modern conveniences with the vibrant and diverse society.
Whether you plan to retire, start an empire, or embark on a new life chapter, Paraguay should be considered. With a little planning and a willingness to learn, it is possible to be successful in South America's most well-kept secret.
Ready to Take the Next Step?
Begin by collecting your paperwork to research neighborhoods and connecting with other expats. Soon, you'll find yourself on your journey toward living in Paraguay and enjoying all the benefits that come with making this beautiful country your new home.