Paraguayan Residency establish Your Business
In this episode, we will explore what residency (Visa Nacional de Residencia, or VNR), the Cedula identity card, and the Paraguay passport offer. We will also discuss the advantages of Mercosur countries such as Argentina, Paraguay, Uruguay, and Brasil and the travel opportunities they provide, including visa-free access to the EU and the possibility of obtaining Spanish citizenship.
Hello. I am the host of this audio guide, my name is Daniel. I represent Living in Paraguay, a high-class immigration consulting company. We offer the best services in the market for obtaining residency in Paraguay and tailor solutions to your needs and financial capabilities. I’m pleased to welcome you to our third episode, which is dedicated to the opportunities provided by residency, the Cedula identity card, and the Paraguay passport, both for living in the country and for travel, business, or gaining Spanish citizenship. We will also discuss Mercosur countries.
As a reminder, in previous episodes, we discussed the goals you can achieve with Paraguayan residency, the main requirements for residency in 2023, and we invite you to listen to them if these topics interest you. We are also open to your questions through private messages; you can find all the links in the information box.
So, what are the advantages and opportunities that Paraguayan residency and the Cedula card offer?
Let’s start with residency. Residency is granted for two years and is processed along with the ID card. This saves time, as we don’t handle residency separately. We use the same set of documents to process both applications simultaneously.
With your residency, you can establish a business in Paraguay, open an account in local banks in foreign currencies, and become a full-fledged resident of the country. We sometimes encounter requests where a company or business needs to be set up before obtaining residency. While this is possible, it’s not a straightforward procedure. However, this should not deter you from the need for residency. Residency makes it significantly easier to manage daily life, use banking services, establish a business, invest money, and access healthcare, among other things. Most importantly, residency for two years is your main step towards citizenship.
With the Cedula card and residency, you can travel to Mercosur countries without a visa and without your primary passport. You can visit countries such as Argentina, Brazil, Paraguay, Uruguay, and other Mercosur member states. This opens up all of South America for business and interactions. Additionally, many clients are interested in living in Mercosur countries, like Argentina. We can say that there are several ways to live in Argentina with Paraguayan residency, including permanent residence. So, for many, Paraguayan residency is a path to Argentina, Brazil, Uruguay, or any other Mercosur country of their choosing.
From Temporary to Permanent Residency
After two years of temporary residency, you can apply for permanent residency. For clients aiming for citizenship, this status is similar to temporary residency, so we won’t dwell on it in detail.
Now, let’s talk about the Paraguay passport and Paraguayan citizenship. The most exciting feature of this status is visa-free travel. The Paraguay passport provides visa-free access to 135+ countries, including the Schengen Area, the UK, Singapore, and many others. Furthermore, obtaining a Paraguay passport does not require you to renounce your previous citizenship; there’s no conflict here. This passport also facilitates obtaining longer-term visas, for example, in the United States.
Obtaining a Spanish passport based on Paraguayan citizenship is an interesting possibility. This is particularly appealing to those who wish to live in the European Union, including Spain, on a permanent basis. One way to acquire Spanish citizenship is by residing legally in the country 2 years having a Paraguayan passport.
Additionally, our company can assist with obtaining passports from other countries, based on your Paraguay passport.
We’re delighted to have shared the opportunities provided by residency, the Cedula, and the Paraguay passport with you. I’m Daniel. In the next episode of our audio guide, we will explain why Paraguay is the perfect path to a second citizenship with our assistance and why it’s the best offer in South America. Join us, and remember, you can always ask us questions through the available messaging apps.
We are always here to assist you at Living in Paraguay, https://www.livinginparaguay.com/.
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