Paraguay is a country located in the heart of South America. Despite being landlocked, the nation is distinguished by its diverse natural landscapes, unique culture, and rich historical heritage. As a member state of Mercosur (the Southern Common Market) with a dynamically growing economy, Paraguay offers its residents and citizens a range of advantages, including a low cost of living, a favorable tax regime, a well-developed agricultural sector, and a stable legal framework for conducting business.
Holders of a Paraguayan residence permit may freely enter and exit the country. Upon obtaining residency, one can apply for a Paraguayan national ID card (cedula), which simplifies travel throughout the Mercosur countries.
Paraguayan residents have the right to work legally as employees, establish companies, and conduct business on equal terms with citizens. There is no tax on global income (only territorial taxation applies).
Residents have access to both public and private healthcare services. Public hospitals are free of charge, while private health insurance is available at affordable rates—starting from $30–50 per month—providing coverage at the country's top clinics.
Residence permit holders can open accounts at Paraguayan banks (such as BNP, Itaú, and BBVA) without restrictions, obtain credit cards, and utilize banking services without facing blocks or sanctions from the US or the EU.
The Spanish language proficiency requirements for obtaining a residence permit are minimal (a grasp of basic phrases is sufficient). The state recognizes two official languages (Spanish and Guaraní), and the use of an interpreter is permitted.
The initial residence permit is issued for a period of two years. Renewal is possible without leaving the country and requires only a minimal set of documents. After two years, one may apply for permanent residency; after three years, one may apply for citizenship.
Paraguayan residency can be obtained without making major investments—it is sufficient to simply provide proof of income (such as a pension, remote work, or a small business). There are no requirements regarding a minimum balance in your bank account.
A residence permit in Paraguay is an official immigration status that allows a foreign national to legally reside, work, and conduct business within the country. Paraguay offers some of the simplest and most accessible residence permit programs in Latin America.
Investment programs offer a residence permit in exchange for contributing to the economy: starting a business, purchasing bonds, or investing in development funds.
Suitable for entrepreneurs and investors planning to develop business in Europe.
The process involves two stages: first, obtaining a temporary residence permit, followed by permanent residence. To qualify, applicants must meet one of the following criteria: hold a higher education degree; open a bank deposit in Paraguay of at least USD 7,000; or intend to establish and develop a business within the country.
This option allows applicants to obtain permanent residence immediately, bypassing the temporary residence stage. To qualify, one must invest at least USD 70,000 in the Paraguayan economy. These investments may be made in stages over a specified period.
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We transform the concept of dual citizenship and global residency into a strategic tool for increasing and preserving wealth. With Global Resident, obtaining a second citizenship or residence permit becomes a transparent and straightforward process.
About Company
We exceed deadlines, industry leaders in document preparation speed. 100% approved applications thanks to streamlined processes.
Thanks to our own teams in different countries, we quickly prepare various documents. This significantly accelerates the process and reduces timelines.
We work without intermediaries, so we can offer competitive prices and transparent terms without additional markups.
The company has been operating since 1999 and has processed over 1,500 documents for clients from different countries — our experience allows us to understand the process down to the smallest detail.
A family of entrepreneurs who regularly travel to Europe, the United States, Canada, and Australia faced growing difficulties obtaining visas and approached us for an alternative solution. After reviewing several options, we suggested Paraguayan citizenship, which can be obtained in about 2.5 years with no investment, residency, or language requirements. The family needed only three visits to the country, and during the last one they received their passports, allowing them to travel freely around the world and respond quickly to their business needs.
We opened a bank account in Cyprus remotely in just 2 weeks. Without Global Resident, it would have taken months. Thank you for the efficiency and professionalism!
Yandex
They quickly and professionally processed work visas for me and my team in the UAE. No bureaucracy — they handled everything. Now we work in Dubai.
Yandex
Here you will find answers to the most common questions about obtaining residency, to quickly understand the key stages and opportunities.
The renewal procedure depends on the country and type of residence permit. Usually the renewal application is submitted 1-3 months before the expiry date. We remind clients of the deadlines and prepare all the necessary documents for the renewal.
Minimum stay requirements depend on the program. Some programs (for example, the Greek Golden Visa) do not require mandatory residence. Others (work residence permit) imply a constant presence. We will choose a program that fits your lifestyle.
The most accessible residence permit programs are: Greece (from EUR 250,000), Turkey (from USD 200,000), Portugal (from EUR 500,000), UAE (from AED 500,000). Each program has its own advantages - we will help you choose the optimal one.
It depends on the type of residence permit and the country. An investment residence permit (Golden Visa) usually does not grant the right to be employed but allows you to run your own business. A work residence permit grants the full right to be employed.
A residence permit is a document granting the right to legally reside in a country. A residence permit in EU countries provides the right of visa-free movement within the Schengen area, access to healthcare and education, and the possibility of starting a business.
Tax obligations depend on the country and your tax residency status. A number of countries (Cyprus, Malta, Portugal) have special tax regimes for new residents. We work with tax consultants and will help optimise the tax burden.
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Downtown Dubai, Boulevard Plaza Tower One, Level 03 P.0. box 334155Phone:
+971 4 123 4567Email:
dubai@globalresident.com
