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
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.
From USD 5,000 (bank deposit + fees)
Processing: 2-4 weeks
From USD 3,000
Processing: 2-3 weeks
Included with residency
Processing: Same day to 1 week
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.
We coordinate with vetted local professionals in Asuncion to handle your residency application, Cedula processing, and bank account opening.
Book a Free Consultation