Do you need to be in Paraguay for the Permanent Residency process?
Absolutely, mate! To kick off your journey to becoming a proud resident of Paraguay, you'll need to make a quick trip down under — not to Australia, but to Paraguay.
Initial Visit to Paraguay:- Kick off your journey by visiting Paraguay for a brief, crucial trip.
- Submit essential documents (birth certificate, police records, passport) directly to the Migration Office in Asuncion.
- The visit lasts about three working days, during which you'll get your fingerprints taken and complete other legal formalities.
- After the initial visit, you can return home or travel elsewhere while your legal representative in Paraguay handles the rest, using a power of attorney.
- Your Paraguayan national ID card, or Cedula, will be ready 2-3 months later (standard processing time is 45 business days).
- Documents will be sent to you via DHL Express, wherever you are in the world.
- Experience the thrill of starting a new chapter in Paraguay while enjoying the convenience of having most of the process handled for you.
How Long Will It Take?
Good news on the time front!
Application Processing Time:
- The application processing time for permanent residency in Paraguay is pretty efficient. Typically, it takes about 45 business days from the date of application submission to receive your residency permit.
- This timeframe allows you to start planning your new life in Paraguay sooner than you might expect. It's like waiting for a perfect wave – it doesn’t take as long as you’d think, and it’s totally worth it when it arrives.
- Before you even set foot in Paraguay, we also provide guidance in your home country to obtain all the required apostilled documentation for the residency process.
- This step usually takes around 4-6 weeks, ensuring all your paperwork is in order and ready for submission.
- Once you’ve landed in Paraguay and submitted your documents, you’re well on your way to securing your residency.
Do Children of Paraguay Residents become Residents too?
Yes, indeed! Your little ones can tag along on the journey to permanent residency in Paraguay. However, you must go through the application process for each child.
Application Process for Children:- The process for minors is quite straightforward, requiring basic documentation like birth certificates and, if one parent isn’t coming along, consent from both parents.
- It's like a family pass to a new adventure, minus the queues and overpriced snacks.
- Children under the age of 14 don’t need to provide a police record since they’re not considered criminally responsible.
- Once you’ve secured your residency, the kids follow through with family unification provisions.
- The whole family can enjoy the perks of Paraguayan residency, from the rich cultural experiences to the sunny weather and friendly locals.
Are there many expats in Paraguay?
Absolutely, there’s a growing community of expats in Paraguay, and they’re loving it!
Why Expats Love Paraguay:- Drawn by the affordable living, culture, favorable tax conditions, lifestyle, and the ease of obtaining residency.
- The expat community here is diverse and welcoming.
- Digital nomads
- Retirees
- Families
- Investors
- Those simply seeking a relaxed lifestyle
Do I need to show proof of savings or income?
Nah, no need to worry about proving you're rolling in dough! Paraguay doesn’t have any of those fancy economic solvency requirements for granting residency. Whether you’re going for temporary or permanent residency, you’re good to go without flashing the cash. Too easy!
Is a bank deposit required to obtain residency?
Nah mate, no need to worry about stashing your cash in a bank anymore! The process for obtaining residency in Paraguay got a bit of a makeover at the end of 2022. These days, you can keep your hard-earned dollars where they belong — in your pocket! No deposit needed, just smooth sailing ahead.
How Does Setting Up a Business in Paraguay Compare to Australia?
Setting up and operating a business in Paraguay can be a breeze compared to the red tape and high costs in Australia.
Business Incentives in Paraguay:- Paraguay offers various incentives for foreign investors, including a simplified business incorporation process through the SUACE program.
- This process requires a minimum investment of $70,000 USD over ten years.
- It’s a bit like upgrading from a dinghy to a speedboat – faster, smoother, and much more exciting.
- In Paraguay, your local income is taxed, but anything you earn overseas is completely tax-free.
- This is a significant draw for entrepreneurs and businesses looking to minimize their tax liabilities.
What are the options for renting or buying property in Paraguay?
Paraguay offers a variety of options for both renting and buying property. The real estate market is generally affordable, with choices ranging from urban apartments to sprawling rural estates.
Renting Property:- Renting is straightforward, and many expats start this way as they get to know the country better.
- Airbnb is a great way to get to know the area and rent without commitment.
- Buying property is also a popular choice among expats and investors.
- The process is relatively simple, and foreign ownership is allowed without significant restrictions.
- Real estate transactions are standard and involve obtaining a notarized copy of the sales agreement and registering the property with local authorities.
- It’s advisable to work with reliable real estate agents and legal advisors to ensure everything goes smoothly.
How's the Internet and Other Essential Services in Paraguay?
The quality and availability of internet and other essential services in Paraguay have seen significant improvements in recent years.
- Internet:
- Major cities like Asunción offer high-speed internet, making it a viable option for digital nomads and remote workers.
- While rural areas might have less reliable connectivity, the overall infrastructure is expanding, ensuring better access across the country.
- Essential Services:
- Electricity, water, and healthcare are generally reliable, especially in urban areas.
- Paraguay’s healthcare system includes both public and private options, with private healthcare being preferred by many expats for its higher quality of service.
