As we have already informed in our previous article, on October 18th 2022 the Law of Immigration in Paraguay was modified and we wrote about it in detail.
Today we have another important news. As a matter of fact, all those who want to obtain residence do not have to pay $ 5000 deposit at the Central Bank of Paraguay.
Below is a short list of documents you have to bring to Paraguay to obtain residence and the Paraguayan biometric Identity Card, that allows you to travel without passport, to all countries of Latin America:
- Apostilled Birth Certificate
- Apostilled Criminal Record
- Civil Status Certificate: Marriage Certificate if you are married, Divorce Certificate if you are divorced, Separation Certificate if you are separated or Free State Certificate
We repeat another time that YOU NO LONGER NEED to prove your solvency by depositing $ 5000 at the Central Bank. All those who want to obtain residence just need to draw up a declaration and say they can have the founds for living in Paraguay.
As regards residence, we repeat that it will be issued initially for a period of 2 YEARS and the Paraguayan biometric Identity Card is immediately issued.
There are no changes compared to the previous law, before October 18th 2022. At the end of the second year of your permanence in Paraguay the residence will be renewed ON A PERMANENT BASIS.
With obtaining permanent residence, you become a full-fledged Paraguayan resident, but it is very important to point out that even during the two years of initial residence you can enjoy all the benefits reserved for permanent residents. As a matter of fact, you can live and work in Paraguay freely, you can travel to all the South American countries using your Paraguayan biometric Identity Card as a Passport, but above all you do not have to pay taxes on your income generated abroad and in this way you can became a “Digital Nomad” in Paraguay.
We repeat again that you do not need to have a Work Permit in addition to your residence in Paraguay if you have your Paraguayan biometric Identity Card.
As you can easily image, our clients are very happy to never have to deposit $ 5000 at the Paraguayan Central Bank and applications are significantly increased.
In this regard, we inform you (to speed up the procedures), if you want to apply for residence and Paraguayan biometric Identity Card, you need to book in advance, because we LIP advisors must apply for other 15 documents together with our clients at the Paraguayan Public Offices and these documents have to be booked in advance.
We always advise our clients to fly to Paraguay during a week-end and then stay there the next 5 working days to have enough time to obtain their documents. On Friday morning, just at the Offices of Immigration Departments, we give our clients the receipt of the residence application we have just submitted. In one week we can carry out all procedures to obtain the residence receipt for our clients. And this is a cause of great satisfaction for us and for them.
After about six months our client will have the approval of his/her apply for residence and the issue of his/her Paraguayan biometric Identity Card, that allows him/her to live, work and move his/her tax residence in Paraguay, a little country full of natural beauties and great opportunities and benefits for all those who want to move to Paraguay and begin there their new life.
For any information and to book your application of residence in Paraguay and Paraguayan biometric Identity Card, please contact us at info@livinginparaguay.com, and you will be assisted 24/24 also for an individual quote. You can also write us on Whatsapp at: +34 637 38 89 60 and you will receive our support 24/24 h.
