Legally Pay 0% Taxes In Paraguay
And Collect A Permanent Residency For The Cheapest Tax Haven On Earth
ONLY click the link if you'd to receive more information on how you can secure your own personal tax haven in Paraguay as affordably and as timely as possible.
Six Perks Making Paraguay The Perfect Tax Haven For Independence-Seeking Individuals
Paraguay enjoys what is called “territorial tax” - income from abroad is NOT subject to taxes.
1. Tax On Business
Local profits are taxed at a 10% rate on the first $40,000 and 8% above that amount. YES - progressive tax DOWN.
All foreign income is taxed at 0%.
2. "What About Capital Gains Taxes?"
8% on domestic gains (Real Estate in Paraguay/stocks of Paraguayan companies)
0% on foreign gains (Real Estate/stocks from abroad)
3. No Minimum Stay
Technically, you need to spend at least 1 day every 3 years to keep your residency.
Practically, there’s no need to spend a minimum number of days. Ideal for nomads or perpetual travelers.
So you can live abroad and still get the benefits.
4. Your crypto is safe
Government minds its own business, Paraguay doesn’t tax your crypto gains and your wealth is secure.
5. Financial Privacy
Paraguay does NOT participate in the CRS (Common Reporting Standard) so it offers great banking privacy.
6. Seamless & Quick South American Travel
Something that’s not talked about often is the flexibility behind having a Residency in Paraguay.
Even if you aren’t planning to live in Paraguay, once you have your Cedula (issued to you once you get your Residency Permit) you can travel back and forth freely from Colombia, Ecuador, Chile, Brazil, Uruguay, etc, making it the single best tool in your back pocket that provides you with geographical antifragility.
PLUS the easiest way to your additional citizenship...
You can apply for the Paraguayan Passport after ONLY 5 years of having a residency there...
A completely free, zero-obligation evaluation to see if you'll be able to set yourself up with a Paraguayan Residency as cheaply and in as little time as possible.
ONLY take it if you'd like to know more about the moving process itself.
Frequently Asked Questions Below👇🏼
Do I Need To Learn Spanish To Get My Residency?
It's not a requirement.
‍
However, getting things done in the government facilities can be hard or even impossible if you're by yourself and don't know the language.
‍
That's why one of my associates who is experienced with Spanish accompanies you during your office visits and helps with paperwork.
How Soon Can I Get A Temporary Residency?
You can get a Temporary Residency in Paraguay within a handful of weeks just by simply visiting.
It’s kind of awesome to have that backup ready just in case America goes into another Civil War. The Temporary Residency will last up to 2 years.
‍
Once those 2 years are up, it’s pretty easy for you to transfer over to a Permanent Residency, and finally, apply for Citizenship in Paraguay.
‍
It’s because of my Permanent Residency that I don’t have to worry about leaving Paraguay, or even deciding which country I’m going to head to next. I can stay as long as I want, and it’s honestly a very comforting feeling to have.
Is it cheap to live in Paraguay?
Absolutely.
‍
You can get a one-bedroom apartment in central Ascunsion for less than USD $1,000. And that’s in the heart of the capital itself.
‍
Outside of that, I’ve gone to 5-Star restaurants and clubs in Ascunsion and bought all-you-can-eat meals for just around $30. It’s ridiculously cheap and the food itself is some of the best I’ve found in all my travels.
Is There Enough To Do In Paraguay?
I always recommend you plan ahead and visit the country.
‍
It’s quite easy to live a high-quality lifestyle even in Ascunsion. Rent is very cheap, and so is the food. However, before you decide to move, you should come and see if you like the environment, the people, and the food, for yourself first.
Are There Any Visa Requirements For Travel?
It’s pretty much the same as it is for most other countries--you don’t need a Visa to travel and stay in Paraguay for up to 90 days.
Are Capital Gains Taxes Needed For Residency?
No, income tax isn’t needed for a Paraguayan Residency.
‍
There’s low tax (10% taxes on any local business operations and 0% on foreign income) and 0% on capital gains including crypto gains. You can set up your business outside of the country and pay yourself here tax-free.
