Paraguay investment programs for residents

The procedures for obtaining residence permit, residence permit and citizenship of Paraguay are the simplest in South America. Traditionally expensive investment method here is “affordable” to many. The country has good conditions for individual entrepreneurs and companies, so Paraguay is often chosen by freelancers and businessmen. With an investment residence permit, which is regulated by the SAUCE program, along with the investor can move to the country with his wife (husband), unmarried and children under 30 years old, brothers and sisters, dependent parents. After 3 months, the investor is eligible to apply for permanent residence in Paraguay. This status can also be obtained through investment.

How to become a holder of a Paraguayan residence permit

The migration system of Paraguay is quite concise. Standard residence permit is valid for 1-2 years, it can be extended, and after 3 years its holder has the right to apply for permanent residence and citizenship. Obtaining a residence permit in this country is possible with the help of one of the methods:

• Business immigration, or residence permit in Paraguay for investment.
• Program for rentiers. It is designed for people who have passive income (the amount of financial reserves is not specified, but they should be enough to live in the country).
• Work by invitation. Such applications are considered by a special commission.

Getting a residence permit in Paraguay on an investment basis is easier than in other countries. The applicant can immediately request a residence permit and formalize it in parallel with a residence permit, which will take about 3 months. To do this you need to:

• Register a company with authorized capital of $70,000.
• Submit a business plan for its development.
• Transfer funds to a separate bank account. They can be invested in the development of the company in installments over 10 years.

For the application and registration of the company must pay about $ 14000. Investments are kept in the asset for at least 10 years. With investment residence permit, which is issued immediately for 10 years, it is enough to come to the country once every 3 years.

On standard grounds, the registration process takes place in several stages:

• Collection, apostilization, translation of documents into Spanish and Guarani.
• Visa processing in Foz (Brazil).
• Application for residence permit in Asunción (the capital of Paraguay).

Immediately after submitting the documents, the applicant is issued a Carnet de Residencia Precaria - a “card of unstable residence” for 90 days. After issuance of the residence permit (on average after 2 months), the applicant receives a Cedula - a local identity card.

Attractiveness of Paraguay for residents

The state has a soft tax system. Thus, the rate on VAT and income tax is only 10%. Customs duties, taxes on capital growth, inheritance, gift of property, income outside the country are not paid. Paraguay is also interesting for digital miners, as the country has cheap electricity. With a Paraguayan permanent residence permit you can:

• Travel freely in most Latin American countries.
• Be employed in various positions in the country.
• Use the services of the Paraguayan banking system.
• Receive medical treatment and study on equal terms with Paraguayans.

According to Zlata Erlach, specializing in citizenship programs and residence permits for investment (company “Immigrant Invest”), the potential of Paraguay is significant, although still little studied by foreigners. It is worth taking advantage of the country's opportunities now, because in the future the financial threshold may increase.

Paraguay is located in the heart of South America. It is a member of Mercosur - the South American Common Market. That is why residence permit, residence permit and citizenship of Paraguay can be excellent tools for business activities in this segment.

Among other interesting offers in South America - residence permit in Uruguay for investment with investments from $525000 to $2.5 million and a program for rentiers and retirees with income from $1500/month.