This is in short what the Paraguayan President Mario Abdo Benitez could tell about his own country on November 2022 during his visit in Spain.
Paraguay is a small country with an enviable politic, economic and social stability and the King of Spain pointed out its amazing dynamism.
As a matter of fact, Paraguay is the only example of a South American country, whose GDP (Gross National Product)will grow by nearly 10% during 2023. In addition, Paraguay is the only country in Latin America that shall not deal neither with economic recession nor with inflation, unlike the neighbouring countries.
But that’s not all: the Central Bank in Paraguay is controlling very well the exchange between the local currency (Guaranì) and U.S. Dollar. It has not been found any swing or devaluation of Paraguayan currency for more than 30 years
To conclude: this small country continue to experience a very flourishing economic period, unlike the difficult period that is making the European, North American, South Korean, Japanese economy suffer.
The Paraguayan economy is amazing many people, because it continues to grow and flourish even in this period so difficult for many other countries.
In this regard, Paraguay does not cease to open its borders to all people who want to reside in its territory to live and work permanently, especially European and North American people.
Requests for residence by European, North American, South Korean and Japanese people have recently increased, because from October 18th 2022 people are no more obliged to deposit $ 5000 at the Central Bank to prove their economic solvency.
The new recently approved Immigration Law and already in force since last October, prove with facts the great opening of Paraguayan Government to all foreigners who want to reside in Paraguay and its clear intention to help and support them.
The Paraguayan Government wants to do everything possible to encourage foreign brains and labour to settle in Paraguay, offering them huge tax benefits (territorial taxation, VAT at 10% and tax-free pension). In return, the highly qualified labour entering Paraguay, will undoubtedly be able to contribute greatly to improving Paraguay in all its aspects.
A collaboration and a support that is intended to give even better results, judging by many people who continue to apply for residence and for Paraguayan biometric Identity Card.
Paraguay welcomes all those who want to live in this wonderful South American Country with a mild climate, with incredible natural beauty, that offers many benefits to resident people and hopes that more and more people will reside in this wonderful country.
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.
