Paraguay is an attractive destination for those and families wanting to make a fresh start in South America. From a simple residency process to an expense of living that's among the most affordable on the continent, this landlocked country provides a warm welcome to foreigners. If you're a digital nomad or retiree, or drawn to the slower pace of life, making the move to Paraguay could be the life change you've always wanted to make.  living in paraguay

 

In this detailed guide, we'll take you through all you need to know about Paraguay residence and the process of moving, and what living in Paraguay is like.

 

Why do you want to choose Paraguay Residency?
 

A Simplified Residency Process
 

Paraguay is well-known for having one of the most accessible residency systems throughout Latin America. In contrast to countries with burdensome bureaucratic requirements, Paraguay offers a streamlined path to temporary and copyright. Traditionally, the process consisted of placing a deposit that could be refunded into a Paraguayan Bank account but recent reforms have removed the requirement.

Instead, applicants must

 

A valid copyright

A copyright record

Documents that are civil, like birth and marriage certificates properly legalized

An address local to Paraguay

After you have submitted your documents to the immigration authorities, generally, you will receive an approval within a couple of months.

 

A Cost-effective Living Cost
 

Living in Paraguay is easily accessible for all budgets. As the capital is Asuncion it is possible to pay for a monthly bill for a single individual typically can range from $800-$1,200 dependent on your style of living. Housing is extremely affordable and you can get an elegant one-bedroom apartment in a great neighborhood for about $400-$500 per year.

 

Utilities, groceries, and services are priced much lower than those you'd pay on average in North America or Western Europe. For foreigners, this means that you can live a luxurious way of living, without the stress of high prices.

 

A Favorable Tax System
 

Paraguay's tax laws are especially appealing for entrepreneurs, remote workers and retired people. The country is governed by one tax system that is territorial and therefore any income you earn outside Paraguay is not tax-exempt from Paraguayan taxes. This makes it a perfect option for people who run an online business, investments abroad, or pensions from your home country.

 

The Path to Citizenship
 

Once you've secured permanent residency You can apply for Paraguayan citizenship in as little like three or four years. Citizenship grants you the benefit of a Paraguayan copyright, greater opportunities within Mercosur commercial bloc and also a valuable second nationality. Unlike some countries which have naturalization procedures, Paraguay's are quite transparent, and the government promotes permanent settlement.

 

Steps to Take to Paraguay
 

1. Make Your Documents
Start by collecting:

A valid copyright

A copyright is legally recognized with an apostille

A marriage or divorce certificate, if it is applicable

A recent police clearance certificate from the country in which you reside

These documents should have their translations done into Spanish using an approved translator.

 

2. Find a local address
 

You'll be required to provide an Paraguayan address with your application. Many expats choose to lease an apartment to begin the period of their stay or stay in long-term hotels or furnished rentals until they have settled.

 

3. Submit Your Residency Application
 

Complete your application through the Paraguayan National Immigration Department. Also, you'll be subject to a medical exam, and then be fingerprinted. If you're working with an local immigration attorney or facilitator, they will help you through every step of the process and will help you track the progress of your application.

 

4. You must obtain your residency card
 

After being approved, you'll get Your Cedula (residency card) that serves as your identification card for Paraguay. The Cedula card gives access to live, work, and opening bank accounts across the country.

 

Living in Paraguay Living in Paraguay: Daily Life
 

Housing
 

Paraguay offers a range of housing options, ranging from contemporary apartment buildings in Asuncion to spacious houses in rural and suburban areas. Many expats like neighborhoods like Villa Morra and Carmelitas, where you can enjoy a blend of security, amenities and the ability to walk.

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 combination of public and private services. Although there is an open public healthcare system readily available for residents, the majority of expats opt for private clinics and hospitals due to higher standards of healthcare and lower waiting times. Health insurance plans are cost-effective and easily accessible, typically being a fraction of the cost you'd spend elsewhere.

 

Transportation
 

Public transport options include buses and taxis. However many expats prefer a car better, especially when outside the capital. In Paraguay is typically easy, although road conditions can differ.

 

Language and Integration
 

Spanish is the language of state, and while English is spoken in a few professional settings, mastering Spanish will make your experience much more enriching. Paraguayans are friendly and welcoming even with limited Spanish abilities go a long way towards building connections.

 

International Expat Community of Paraguay
 

The community of expats in Paraguay is growing due to the country's stable economy and relaxed pace of life. From online forums to clubs that socialize in Asuncion, you'll find plenty of opportunities to meet newcomers.

Most popular among expats is:

The national parks of Paraguay

Going to historical sites, such as the Jesuit Missions

Sampling traditional Paraguayan dishes such as sopa paraguaya and asado

 

Important Benefits of Living in Paraguay
 

 

Low Cost of Living: Enjoy a comfortable life without breaking the bank.

"Simplified" Residency Some countries are able to provide a more straightforward path to residency.

Territorial Tax System Save more income worldwide.

Path to Citizenship: The clear path to obtain a second copyright.

The Economy is Growing: opportunities in the fields of agriculture, remote work and services.

 

Is Moving to Paraguay is the best choice for you?
 

If you're looking to have financial freedom, warm weather and a relaxing life, Paraguay can be a beneficial option. Paraguay is an exceptional combination of low taxes, easy residence, and modern amenities and all within the vibrant and diverse society.

 

When you're looking to retire, establish an enterprise, or begin another chapter in your life, Paraguay should be considered. With a bit of planning and a willingness to learn, it is possible to be successful in South America's best kept secret.

 

Are you ready to take to the Next Level?

 

Begin by collecting your paperwork in preparation for your move, analyzing neighborhoods, and making contact with other expats. In no time, you'll be on your journey into living Paraguay and reaping all the benefits that come with creating this stunning country as your new home.