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Paraguayan Tax Residency and Citizenship:
A Strategic Advantage for Investors
Acquiring Paraguayan tax residency and citizenship is an attractive option for many investors, offering not only tax savings but also the strategic advantage of a second passport. Paraguay offers one of the most accessible and fastest naturalization processes in South America, which is attracting increasing attention from the international community.
The Path to Citizenship
The process of obtaining Paraguayan citizenship is relatively simple, but certain conditions must be met.
1. Temporary Residence Permit (2 years):
The first step is to obtain a temporary residence permit. This requires submitting basic documents (valid passport, birth certificate, criminal record) and making 1-2 visits to the country. The permit is valid for 2 years.
2. Permanent Residence Permit:
Standard Process: After obtaining the temporary permit, after 2 years, a permanent residence permit can be applied for, requiring proof of social integration and financial independence.
By investment or company formation: Paraguay offers the opportunity to obtain an immediate permanent residence permit. This benefit can be obtained by investing at least 70,000 USD or by founding a new company, saving the two years of temporary status.
3. Submitting an application for citizenship (after 3 years of permanent residence)
A citizenship application can be submitted after three years of permanent residence.
Requirements: Basic knowledge of Spanish, Proof of ties to the country (e.g. real estate, business activity), Clean criminal record.
Benefits of Paraguayan citizenship
Territorial taxation
Paraguay has a territorial tax system. This means that the country only taxes income earned within its territory. Income from foreign sources is not subject to tax, which is particularly beneficial for international investors.
International mobility
Paraguayan passport allows visa-free or visa-facilitated travel to over 140 countries. Long-term residency opportunities in MERCOSUR member states, allowing easier access to South American markets. Paraguay accepts dual citizenship, allowing retention of previous citizenship.
Paraguay combines a low cost of living, a pleasant climate, and a friendly community with a modern lifestyle. Political stability, favorable tax conditions, and a simple lifestyle ensure a high quality of life.
Quality of life and lifestyle
Contact us
Contact us to find out how we can help you obtain tax residency or citizenship! We will guide you through the entire process with personalized advice. Our service is fee-based and fully tailored to your investment goals. Contact us with confidence and take the first step towards achieving your goals!