Why do the so-called “digital nomads” increasingly require the permanent residence in Paraguay? What are the reasons for this choice?
Let’s discover them together in this article.
Paraguay is located in an enviable location. The same inhabitants of Paraguay call it “the navel of South America”. Within its territory there are no earthquakes or hurricanes and this is a considerable security for those who decide to live there permanently.
How long does it take to move your residence to Paraguay?
Usually, you can obtain your permanent residence after 4 months, while you can obtain your passport, that guarantees you your Paraguayan citizenship, after 3 years.
It is worth remembering that also network communications (internet, wifi, as well as phone) are of excellent quality and for digital nomads is a great facilitation, because they use them every day.
But, what really is an uniqueness and is the post important reason for your move to Paraguay is that you pay NO for your foreign income and you only pay VAT at 10%.
Moreover, the privacy level of Paraguayan company is remarkable, you do non have to do the tax return, if you perceive incomes only from abroad, and you do not have to present the accounting of a company, if you declare that you only do business with foreign companies.
The owner of a company or of a start up has only to pay the yearly maintenance taxes for his company.
We advisors of LIP take seriously the decision of our customers and we are at their side to help them to obtain their permanent residence, their electronic Identity Card and also to open their account in a Paraguayan Bank. The bank account is essential to start their own business.
In a previous article, we explained that it is not very easy to open a bank account, but with LIP the procedure is much faster.
This explains in brief why small and large entrepreneurs choose Paraguay as their permanent residence. This article was written by them, because they (the last 40 clients who chose Paraguay and LIP) explained us the reasons of their choice and the great advantages of it.
Relying on LIP was a very important choice for them because in this way the could be helped with all the paperwork and could be helped to integrate in Paraguay in the best way.
We advisors of LIP are very glad to see our daily work appreciated an we are committed to improving more and more, listening to opinions and suggestions of our client.
Please, note that Living in Paraguay is the only European certified company specialized in obtaining your permanent residence in Paraguay. It is registered in Estonia, the most digitalized country in Europe and all its contracts are registered and guaranteed by European Union.
With Living in Paraguay you can also sign your contracts and receive advice on line.
The skilled consultants of Living in Paraguay will accompanying you step by step to help you to do all the paperwork you need to change your residence. Moreover, they will accompanying you during an explorative fly to Paraguay, so that you can see up close in concrete terms how your new life will be.
Paraguay can really offer you very much: for professionals VAT is at 10% and they can use their qualification with no need of a validation on the spot, while pensioners can enjoy their tax-free pension!
The natural beauty of this country, the mild climate all year long, the friendliness and the hospitality of Paraguayan people will deeply amaze you and will make you a good impression!
