Paraguay
The easiest and cheapest permanent residency in the world. A territorial tax system that exempts all foreign income, no minimum stay requirement, and a path to citizenship in just 3 years make Paraguay the top choice for tax-conscious expats and digital nomads.
7.4M
Population
Asuncion
Capital
Spanish / Guarani
Language
PYG (Guarani)
Currency
GMT-4
Timezone
0%
Tax on Foreign Income
10%
Flat Local Income Tax
2-4 weeks
Residency Processing
Residency Programs
Paraguay offers one of the simplest residency processes in the world. Most applicants go directly to permanent residency through the SUACE one-stop shop, with no temporary visa required first.
Permanent Residency (SUACE)
From USD 5,000 (bank deposit + fees)
Processing: 2-4 weeks
- One-step permanent residency — no temporary visa required first
- No minimum stay requirement after initial setup
- Path to citizenship in just 3 years
- Can sponsor family members
Temporary Residency
From USD 3,000
Processing: 2-3 weeks
- Suitable for those exploring Paraguay before committing
- Convertible to permanent residency at any time
- Valid for 1 year, renewable
- Access to local banking and services
Cedula (National ID)
Included with residency
Processing: Same day to 1 week
- Issued upon residency approval
- Functions as national identification
- Required for banking, property, and business
- Proof of legal residency status
The Tax Reality
Paraguay’s territorial tax system is one of the most favorable in the world for anyone earning income outside the country. Here’s what you need to know.
Paraguay uses a territorial tax system — only income earned INSIDE Paraguay is taxable.
Foreign-sourced income is 100% tax-free. Remote workers and international businesses pay zero tax on overseas earnings.
The flat tax rate on local income is just 10% — one of the lowest in the world.
There is no capital gains tax on foreign assets, no wealth tax, and no inheritance tax.
No minimum stay requirement means you can maintain residency without living in Paraguay full-time.
Citizenship is available after just 3 years of residency — one of the fastest timelines globally.
Ready to get residency in Paraguay?
We coordinate with vetted local professionals in Asuncion to handle your residency application, Cedula processing, and bank account opening.
Book a Free Consultation