Tax residency refers to the status of a natural or legal person who is subject to taxation in the country based on their income, assets and economic activities (in this case, Paraguay).

In Paraguay, there are 2 ways to be considered a tax resident. The first option is to spend 120 days a year within the country, while the second is to have the RUC active and thus you do not need a minimum of days (both need to have a temporary or permanent residency permit).

Temporary residency in Paraguay is a legal status granted to foreigners who wish to reside in the country for a specified period without becoming permanent residents. The temporary residency lasts 2 years and you have to visit the country every 12 months so it does not expire. After these 2 years, you can become a permanent resident and you only have to visit the country every 36 months so that it does not expire.

To apply for temporary residency, you must submit an application for temporary residency to the National Directorate of Migration (DNM) along with the required documentation. With our Elite team, you have priority access to this body and your request is processed in record time.

The requirements for temporary residency include a valid passport, an apostilled criminal record check, an apostilled birth certificate, and other documents depending on your specific case.

The cost of living is relatively low compared to other regions in Europe and the US. Expenses vary depending on your lifestyle and location but, in general, housing, transportation and food costs are much lower.

With residency no, with passport YES.

Paraguay's official currency is the Paraguayan Guarani (PYG). You can withdraw EUR/USD at the ATM, but they are not very accepted on a daily basis.

Paraguay is considered relatively safe for foreign nomads, but it is essential to take some safety precautions, such as avoiding certain areas at night and being cautious with personal belongings.

Paraguay has a public health system that provides basic medical services to residents. However, expatriates tend to prefer private healthcare because of its higher quality and efficiency.

Yes, you can drive in Paraguay with your foreign driver's license for up to 90 days. After that, you must obtain a Paraguayan driver's license.

Finding accommodation in Paraguay is relatively easy, especially in urban areas of Asunción. You can choose from a wide variety of options, such as apartments, houses or private condos.

Yes, you can open a bank account in Paraguay by presenting the necessary documents, such as a residency card, passport and proof of address.

The income tax rate in Paraguay is 10% for residents, while non-residents are subject to a 15% withholding on income of Paraguayan origin.

Paraguay offers a territorial taxation system, which means that foreign residents only pay taxes on income derived from Paraguayan sources.

The sales tax rate in Paraguay, known as Value Added Tax (VAT), is 10% on most goods and services. Some basic necessities have a reduced rate of 5%.

Residents must file their taxes annually with the Paraguayan Tax Administration (SET) through an online system. VAT returns are made monthly. Non-residents with income from a Paraguayan source must also declare and pay their taxes.

Usually, the rest of the countries are not as persecutory as Spain. In the case of Spaniards, both the days of residence in Spain (less than 183d), the available housing, the center of economic interests and the family situation are taken into account. If you have residency problems, you can use the double taxation agreement made official in 2024 to your advantage with the tiebreaker rules.

It is impossible to be 100% sure that you will not have an inspection, and anyone who tells you otherwise is lying to you. However, if you choose to follow our strategies based on our experience, you can avoid such inspection as much as possible. And if the requirement comes, have enough confidence and peace of mind to win it.

Yes. Having one of the 2 legal forms to be considered a tax resident (120 days or active RUC), the relevant administration provides you with a tax residency certificate (TRC) valid for 1 year, which you can use to complete MODEL 030 (if you are Spanish and want to disassociate yourself correctly).

It depends. However, for our firm, it is. You do not have to spend a lot of time in the country and you have safer and more secure structures, plus you can be a tourist in Dubai for 3 months and then re-enter for another 3 months. However, if your idea is to live full-time in the Emirates, we can help you first hand to settle in the Emirati landscape.

Paraguay's education system encompasses public and private schools, offering preschool, primary and secondary education. There are also international schools for expatriate families.

The official languages of Paraguay are Spanish and Guarani. Spanish is the main language for business and government, while Guarani is spoken by a huge part of the population.

Paraguay has a subtropical climate with hot, humid summers and mild winters. The country experiences heavy rainfall during the summer months. The best months for sightseeing are April-May and September-October.

Yes, foreigners can buy property in Paraguay without restrictions. However, it is crucial to work with a trusted lawyer and real estate agent to ensure an Elite process.

To obtain permanent residency, you must first have temporary residency for at least 2 years and meet the necessary requirements, such as having a clean criminal record and demonstrating financial solvency.

Yes, Paraguay offers a retirement visa for foreigners who can demonstrate stable monthly income from pensions, investments or other sources.

The minimum wage in Paraguay is subject to change, but in 2024 it is approximately 2,798,309 PYG per month (about 370 USD). Depending on the amenities you want to have, it may be interesting to hire the services of a chauffeur, assistant, cook, cleaner or caregiver.

To obtain Paraguayan citizenship, you must have permanent residency for at least 3 years, demonstrate good moral behavior and have basic knowledge of Spanish language and Paraguayan history. It is also necessary to renounce your previous nationality (depending on which one you have). Equally for Spaniards, dual nationality is accepted and there is no such problem.

You must have created links with the country during the 3 years of permanent residency (this attachment is a fundamental requirement to apply for nationality by naturalization). You have to visit Paraguay and carry out certain procedures in person to also obtain your passport (during the application).

The Yellow Fever vaccine is mandatory 15 days before arrival (if you come from very specific countries). Other vaccines may be recommended, especially if you plan to visit rural areas. Other possible vaccines, which are not mandatory, are Hepatitis A, Typhoid Fever and some routine vaccines such as MMR and Tetanus.