Due to All the Advantages of The Residency in Paraguay More and More people are Applying there
Many people from Europe and North America apply for residence in Paraguay. Applicants also come from South Korea and Japan. Our blog readers already know the main reasons.
Paraguay offers great advantages. VAT is only 10%. Pensions are tax-free. You can use your professional qualifications without local validation.
The new Immigration Law of October 2022 added more benefits. You no longer need a $5,000 bank deposit. This proves your economic solvency automatically.
Consequently, residency applications have doubled this year. Our LIP advisors are busy processing new biometric Identity Cards. Paraguay is now more accessible than ever.
Incredible Opportunity for Digital Nomads
Those who especially have worked to apply for residence in Paraguay are the so called “digital nomads”, that is young people aged 22 to 28, who have jumped at this incredible opportunity.
With the new Immigration Law, you receive a Paraguayan residence permit and a Paraguayan biometric Identity Card expiring every two years, but after this period, they are renewed indefinitely. Basically there is only a slightest difference, almost nothing.
As a result, our clients experience only a considerable saving, because they are no longer required to deposit $ 5000 at a bank to prove their economic solvency.
We LIP advisors also noticed that that our clients can comfortably live in Paraguay with $200/400 per month and living in well-kept and elegant neighbourhoods, because many new buildings are being built with “single-room” apartments, very suitable for all the digital nomads, who want to live in Paraguay. We are talking about new and modern buildings at very advantageous prices
Don’t Worry About Housing
At LIP, we find our clients apartments in top residential areas. These locations offer excellent public transport links. We manage all procedures for your Paraguay residence.
Our team handles your biometric Identity Card and bank account. We also process your Tax Code (RUC) and Driving Licence. Our philosophy prioritizes your well-being.
A good life in Paraguay starts with the right house. Feeling comfortable in your home is the first big step. We ensure your relocation is smooth and successful
Contact
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.
