The Great Benefits of Paraguay and Mercosur for Expats
Did you know that Paraguay is a key player in the South American economy? There are many benefits of Paraguay and Mercosur for you. This great agreement was born over three decades ago in Asunción. Since then, the region has become a global powerhouse. If you seek new opportunities, you should know what this block offers.
What is Mercosur and why should you care?
Mercosur is the Southern Common Market. It joins Paraguay, Brazil, Uruguay, and Argentina in a free trade zone. Today, this union represents the fifth-largest economy in the world.
For you, as an investor or resident, this means total freedom. There is a free exchange of goods and services. A deep cultural union has also been created. Spanish and Portuguese are taught simultaneously in schools. This facilitates the integration of families across the continent.
Advantages of Residency and Free Transit
The democracy strengthened by Mercosur allows for the free movement of people. By obtaining your residency in Paraguay, you integrate into an immense region. More than 15 million square kilometers are at your disposal.
It is important to remember the current legal process. According to Law 6984/22, we will first process your temporary residency. With this document and your Paraguayan ID, you will enjoy the legal security of the block. The Mercosur passport is a valuable resource for citizens and resident foreigners.
Economic Impact and the FOCEM Fund
Mercosur is not just politics; it is real infrastructure. Thanks to the FOCEM fund, the block has invested billions of dollars. The fund has built modern roads, power plants, and railways
Paraguay uses these funds to modernize constantly. This allows local products to reach the entire world. For professionals, VAT is only 10%. Pensioners enjoy their pensions tax-free. These are the true benefits of Paraguay and Mercosur.
Your Adventure in Paraguay with LIP
At Living in Paraguay (LIP), we accompany you in this life change. We are the only certified European company to manage your residency. We are registered in Estonia and operate under European Union standards.
You can receive online advice and sign your contracts remotely. We help you with all the paperwork step by step. We also offer explorative flights so you can see your new home. Paraguay awaits you with a mild climate and hospitable people. Take the step toward Mercosur with the security of LIP.
