Living in Paraguay Everything You Need to Know Before You Relocate
Paraguay has emerged as an attractive destination for those and families seeking a new start from South America. From a simple residency procedure to the fact that living costs are one of the lowest on the continent, this landlocked country has a warm welcome for those who live abroad. Whether you're a digital nomad and retiree or drawn to the slower pace of life to Paraguay could be the lifestyle change you've been looking for.
In this complete guide, we'll show you everything you must know about Paraguay residency in addition to the process of moving into the country, and what living in Paraguay is actually like.
Why should you choose Paraguay Residency?
A Residency Application Process that is Simplified
Paraguay is renowned for having one of the best accessible residency systems that exist in Latin America. In contrast to countries with burdensome bureaucratic requirements, Paraguay offers a streamlined process to obtain temporary and permanent residency. Traditionally, the process consisted of placing a refundable cash deposit into the Paraguayan savings account but recent reforms have lifted this requirement. expat paraguay
Instead, applicants should have:
A valid passport
A clean criminal record
Documents of civil nature, such as birth or marriage certificates, legally valid
An address local to Paraguay
When your documents are submitted to immigration authorities, generally, you will receive an approval within a few months.
A low cost of living
Living in Paraguay can be easily attainable for those with a budget. Within the city's capital Asuncion where monthly expenses for a couple typically range between $800 to $1,200 depending on your lifestyle. Housing is affordable that you can afford a contemporary one-bedroom house in a desirable neighborhood for about $400-$500 per year.
Food, utilities, and services are priced lower than what you'd be paying at the cost of North America or Western Europe. For expats, this means that you can enjoy a good standard of living without the burden of high costs.
A Favorable Tax System
Paraguay's tax laws can be appealing to entrepreneurs, remote workers as well as retired people. Paraguay operates under an international tax system meaning that any income earned outside of Paraguay is not considered to be subject to Paraguayan taxes. This makes Paraguay a wonderful option if you run an online company, invest abroad or pensions in the country you reside in.
Path to Citizenship Path to Citizenship
Once you have obtained permanent residency after which you're eligible to apply for Paraguayan citizenship in as little up to three years. Citizenship provides you with an Paraguayan passport, increased rights within the Mercosur commercial bloc and a valuable second citizenship. Like many countries the naturalization process in Paraguay is very transparent, and the government supports permanent settlement.
Moving to Paraguay
- Prepare Your Documents
Begin by collecting:
A valid passport
A birth certificate that is legalized through an Apostille
A marriage or divorce certification if the case is
A recent certificate of police clearance from the country in which you reside
The documents need to be converted into Spanish using an approved translator.
- Secure a Local Address
You'll be required to provide the Paraguayan address as part of your application. Many expats rent an apartment for the initial period of their stay, while others opt to live in the long-term in furnished or hotel rooms until they are settled.
- Submit Your Residency Application
Complete your application through the Paraguayan National Immigration Department. You will also undergo an exam for medical condition and fingerprinted. If you're working with a local immigration lawyer or facilitator, they will guide you through each step and assist you in tracking the progress of your application.
- Find Your Residence Card
Once approved, you'll receive cedula (residency card), which serves as the official identification in Paraguay. The Cedula card gives users the option to live, work, and open bank accounts in the country.
Living in Paraguay Everyday Life in Paraguay
Housing
Paraguay has many housing options, ranging from contemporary apartments in Asuncion to spacious homes in rural and suburban areas. Many expats choose neighborhoods such as Villa Morra and Carmelitas, with a mix of security, amenities and accessibility.
If you prefer a quieter environment, consider smaller cities like Encarnacion or Ciudad del Este, where real estate prices are even lower.
Healthcare
Healthcare in Paraguay is a mixture of public and private services. Although services provided by the government are accessible to all residents, the majority of expats opt for private clinics and hospitals because of the higher quality of medical care and faster waiting durations. Health insurance plans are affordable and readily available, frequently costs a fraction of what you'd spend elsewhere.
Transportation
Public transport options include buses and taxis. However, a lot of expats are finding owning a vehicle easier, particularly in the capital. Car driving in Paraguay is generally simple, however road conditions aren't always the same.
Language and Integration
Spanish is the official language however, while English is used in certain professional environments, learning Spanish can make your experience considerably more satisfying. Paraguayans are warm and friendly even with limited Spanish skills go a long way towards building relationships.
the Expat Community from Paraguay
The community of expats located in Paraguay is growing, thanks to the country's economic stability as well as its relaxed pace of life. From online forums to clubs for socializing in Asuncion there are plenty of opportunities for connecting with other newcomers.
Some of the most common activities enjoyed by expats include:
Discovering Paraguay's national parks
A visit to historic sites such as the Jesuit Missions
Sampling traditional Paraguayan dishes such as sopa paraguaya and asado
Principal Benefits of Living In Paraguay
low cost of living: Living a secure lifestyle without breaking the bank.
Simple Residency A few countries provide a more straightforward path to residency.
Territorial Tax Systems: Save more total income.
Journey to citizenship: A clear route to obtain a second passport.
Economic Growth: The opportunities are in agriculture services, and remote work.
Is moving to Paraguay is the best choice for you?
If you're interested in economic freedom, a pleasant climate, and a relaxed lifestyle, Paraguay can be a satisfying choice. Paraguay offers a unique blend of low tax rates, simple living, and modern conveniences and all within a vibrant and culturally rich society.
If you are planning to retire, create your own business, or even begin a new life chapter, Paraguay deserves serious consideration. With a little planning with an open mind you can be living your best life in South America's best kept secret.
Are you ready to take the Next Step?
Begin by gathering your documents to research neighborhoods and engaging with fellow expats. You'll soon be on your way towards living and working in Paraguay and reaping all the benefits that come with creating this stunning country as your new home.