Only one opportunity to travel freely within the EU is enough to dream of a passport of the citizen of European or Latin American countries. Selection of the country in this case depends not only on the preferences of the emigrant, but also on his financial capacity and loyalty of local legislation. Today Paraguay can boast of one of the most liberal constitutions in the immigration of foreigners. Therefore, despite the unstable economy, there will always be those willing to obtain the right to permanent residence here.
10 reasons why you should go for permanent residence in Paraguay:
- No capital gains tax and personal income tax;
- Low cost of living;
- The right to permanent residence is granted once and for life – there’s no need to renew it;
- To remain a resident of Paraguay, it is enough to visit the country one time in 3 years;
- It takes only three years in the permanent resident status of Paraguay to obtain a citizenship of the country;
- The right to the second and more citizenship;
- Ability to become an honorary citizen of the country;
- Visa-free regime with European countries for citizens of Paraguay;
- Ability to invest capital profitably, for example, in agriculture;
- The laws, loyal to foreigners and permanent residents of the country.
To qualify for permanent residence in Paraguay, you must:
- Enter into a contract with a local employer and obtain a reference letter from him;
- Invest at least $ 5000 in the country's economy;
- Purchase real estate in the country;
- Draw-up a tourist visa.
Any of these points gives the right to enter Paraguay. Upon arrival to the country, anyone can file an application to the immigration authorities to grant the right to permanent residence. The solution here is taken as soon as possible - no more than 4 months from the date of the application. Nationality, ethnic origin, the presence of relatives in Paraguay, family, etc. is irrelevant for permanent residence obtaining. It is sufficient to only confirm your own solvency and an income that will allow you to reside in the territory of the country.
To correctly determine the reason for entering the country may not be that simple. For unforeseen circumstances not to prevent your relocation, our company offers its assistance in all matters of immigration. When contacting us, you get rid of many bureaucratic and organizational aspects: drawing-up, certification and translation of documents. In addition, you will receive detailed instructions and guidance on how to act at a meeting with representatives of immigrant authorities.
Details of the diplomatic missions, government agencies, immigration services