The Paraguayan Residency and Citizenship program is amongst the cheapest in the world with no investment requirements or Government fees. The Paraguayan passport enables you to undertake visa-free travel to more than 132 countries including the Schengen area, UK and Japan. .
For investors, Paraguay is an ideal destination among the South American Countries as it has very cheap labor, surplus electricity, and sufficient raw material. The country is also a member of the regional trade agreement MERCOSUR enabling free trade in the region. Paraguay is ranked 4th in terms of the business environment among all South American Countries. Paraguay also has a very friendly tax system with both personal and corporate income taxes capped at 10%. It is also an ideal destination for pensioners with no upper age limit for Permanent residence applications.
The Heart of South America, Paraguay is one of the most highly developed countries in the region with a relatively high per capita income, a very high literacy rate, and high life expectancy. The country has developed rapidly with its focus on investment and growth. With the promotion of free trade zones, it has transformed into a prominent investment destination. An extremely stable country, Paraguay follows a democratic pattern of Government and is very peaceful.
The Paraguayan Permanent Residence is open to all individuals who fulfill the requirements laid down by law. The basic eligibility for an applicant is:
- The applicant is at least eighteen years of age
- Must submits all documents as required
- The Person has entered Paraguay on a valid Visa or a valid Visa-Free Regime
Applications for Paraguayan Permanent residence can be made by businessmen, entrepreneurs, self-employed individuals and even pensioners. The process of obtaining the Permanent Resident Card takes around 8 months and during that period you are free to travel back to your home country. The Permanent Residence Card is issued for 5 years and is renewable. For the card to remain valid, you have to visit the country once at least three months. Acquiring Paraguayan Citizenship is also easily possible once you have obtained your Permanent Residence. For acquiring citizenship and a Paraguayan passport, a period of three-year continuous stay in the country is required.
What are the requirements for Paraguay Residency?
The following documents are required for Paraguay Permanent Residence Application:
- A valid travel document (Passport with Visa if applicable)
- Economic solvency by either of the following means:
- submission of a bank statement with a balance of around US$ 5000-10000
- Proof of Paraguayan Property
- Salary contract in Paraguay of a satisfactory amount
- A police clearance certificate from country of origin
- A copy of your birth certificate and
- Copies of your educational qualifications.
- In case, your spouse and children desire to accompany you, then your marriage certificate and the birth certificate of the children are required
These documents may need to be legalized or apostatized based on your country of origin before submission.
For applicants from countries who require a visa, to begin with, the process, an invitation needs to be sought from a citizen of Paraguay which is approved by the Ministry of Foreign affairs and the process takes around 1 month. The Visa application along with the invite is then submitted to the embassy and following a small formal interview with the visa officer, the visa is issued within 10-15 days. Empire can assist you with the process of seeking an invite if required.
How to get a Paraguayan Residency?
Empire, a leading Professional Services & Advisory Firm focused on immigration and residency offers you a simplified path to apply for the Paraguayan Residency program and secure approvals within the shortest possible time. With our team of immigration experts, you are assured that your application is in informed hands. If you are interested in obtaining more information about this program, please complete the form. One of our representatives will be in contact with you. You can reach us by phone at +60350331665 or visit our website empireglobal.partners. We also look forward to your emails at email@example.com. We offer clear written contract agreements mentioning the applicable charges including the refund policy, in the unlikely event that the application is unsuccessful.