Permanent Residence Permit Paraguay
Permanent Residence Permit
If you want to immigrate to Paraguay, you may apply for a permanent residence permit.
You must make a deposit of an amount equivalent to 35 minimum monthly wages, which is currently a total of PYG24,554,600 (≈ US$4,500). The deposit may be in the Paraguayan Central Bank (non-interest bearing) or any Paraguayan commercial bank. Once you have been granted residency, you may withdraw the deposit in full.
You may also obtain residency, setting up a company with a minimum capital of the above-mentioned amount; or purchase land for agricultural production with a minimum of 10 hectares.
Dependents (spouse, dependent children and parents), may be included in the application.
If you wish to retire in Paraguay and can prove a monthly income equivalent to 100 wages, currently PYG7,015,600 (≈ USD 1,300), you will benefit from import tariff exemptions on personal effects up to certain quantities and under certain requirements.
You will not need to renew the permit, but you must visit Paraguay at least once every three years, or your residency may be cancelled.
For foreign investors, there is a special procedure under the Unified System of Opening and Closing Companies (SUACE). This is a one-stop shop to carry out the procedures related to company registration and residence permit applications. Through this procedure, the permit issuance takes 20 days (through the standard procedure, it may take more than 3 months).
In addition to the general requirements, investors must submit a certificate issued by the Vice Ministry of Industry and Commerce of Paraguay accrediting their qualification to SUACE. In order to qualify an individual must justify an investment amount of PYG50,000,000 (≈ US$9,150). In case of company investment, the contributed capital must be at least PYG 50,000,000 (≈ US$27,500).
According to the National Constitution of Paraguay, after three years of permanent residence, you may be eligible for Paraguayan citizenship by naturalization. You will have to demonstrate some ties to the country such as real estate or local company ownership, continuous fiscal residence or regular exercise of a profession.
You may also need to have a basic notion of Spanish and basic knowledge of the country's history, geography and politics. It is recommended to have bank references issued by first class banks and certified copies of degrees.
You must make a deposit of an amount equivalent to 35 minimum monthly wages, which is currently a total of PYG24,554,600 (≈ US$4,500). The deposit may be in the Paraguayan Central Bank (non-interest bearing) or any Paraguayan commercial bank. Once you have been granted residency, you may withdraw the deposit in full.
You may also obtain residency, setting up a company with a minimum capital of the above-mentioned amount; or purchase land for agricultural production with a minimum of 10 hectares.
Dependents (spouse, dependent children and parents), may be included in the application.
If you wish to retire in Paraguay and can prove a monthly income equivalent to 100 wages, currently PYG7,015,600 (≈ USD 1,300), you will benefit from import tariff exemptions on personal effects up to certain quantities and under certain requirements.
You will not need to renew the permit, but you must visit Paraguay at least once every three years, or your residency may be cancelled.
For foreign investors, there is a special procedure under the Unified System of Opening and Closing Companies (SUACE). This is a one-stop shop to carry out the procedures related to company registration and residence permit applications. Through this procedure, the permit issuance takes 20 days (through the standard procedure, it may take more than 3 months).
In addition to the general requirements, investors must submit a certificate issued by the Vice Ministry of Industry and Commerce of Paraguay accrediting their qualification to SUACE. In order to qualify an individual must justify an investment amount of PYG50,000,000 (≈ US$9,150). In case of company investment, the contributed capital must be at least PYG 50,000,000 (≈ US$27,500).
According to the National Constitution of Paraguay, after three years of permanent residence, you may be eligible for Paraguayan citizenship by naturalization. You will have to demonstrate some ties to the country such as real estate or local company ownership, continuous fiscal residence or regular exercise of a profession.
You may also need to have a basic notion of Spanish and basic knowledge of the country's history, geography and politics. It is recommended to have bank references issued by first class banks and certified copies of degrees.
Requirements
- Economic solvency statement, which may be proven with a deposit in a bank in Paraguay, in a savings or current account in your name.
- Real Estate property deed of a property located in Paraguay (if applicable).
- Documents certifying company incorporation and share capital (if applicable).
- Document issued by the National Police and Identifications Department of Paraguay.
- Interpol certificate issued by the regional office in Asuncion, Paraguay.
- Life and residence Certificate issued by the jurisdictional police station.
- Proof of legal entry to the country (visa or stamped passport), issued by the immigrations authorities at the control posts (airports or border).
- Affidavit confirming that the applicant will abide by the laws of the country signed by a Notary Public.
- Police or Court Records of your country of origin.
- Health Certificate from the country of origin or of last residence.
- Consular tourist visa (if applicable).
Restricted Nationalities
No nationality is officially restricted
Dual Citizenship
According to the Paraguayan National Constitution, multiple nationality may be admitted through an international treaty by reciprocity of constitutional rank, between the States of origin and adoption. Currently, there is only a double nationality treaty in force with Spain. However, de facto the renunciation of one's other nationality is rarely required by the Paraguayan authorities. As each case is handled individually, we recommend legal advise.
Documents Required
- Original and photocopy of passport
- Original Police Clearance Certificate
- Original or Certified copy of Birth Certificate (if applicable)
- Original or Certified copy of Marriage Certificate (if applicable)
- Medical Certificate
- Original Bank Reference Letter (Not older than 6 month)
- Notarized affidavit confirming laws compliance
- Six passport-size photos
- Evidence of Residential Address
- Dual Citizenship No
- Family Members Included Yes
- Land Ownership Yes
- Physical Residence Required No
- Personal Visit Required Yes
- Language Skills Required No
- Interview Required No
- Investment Single $70,000
- Investment Family 4 $70,000
- Minimum Annual Income -
- Time To Citizenship 36
- Time To Permanent Residency
- Visa-Free Countries 144
- Financing Available
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