Tens of years have passed since internet came into our lives, but we keep running into the social changes resulted from it.
For example, banks promote Internet Banking and eliminate branches, as well as they reduce working hours, staff and all the activities at the counter. So, why should we frequent the banks which by custom are near us?
Delocalization is the future of saving. More and more experts recommend it, but more importantly, more and more savers appreciate its advantages.
Why? For the simple reason that, after experiencing instability worldwide, through so-called “bank bailouts”, pandemics and continuous scandals, which become increasingly common and it is better to put them behind us, we, as individuals, cannot take the risk of not taking any action. Don’t do anything is the riskiest thing.
Any financial advisor will always advise you both to diversify investments and savings, that is not to put everything under the same umbrella and to invest all your capital in the same country. The economy of the safest country in the world will never be so safe as the security of countries taken individually.
For example the guaranì, the Paraguayan currency, is the most stable currency of the Mercosur. Paraguay can count on a strong economy, thanks to a number of facts, among them there is first a political stability for decades.
As part of a strategy, which is promoting and attracting investments of foreign people, resident people can have their bank account both in euros and in dollars.
As opposed to European countries and Japan, the paraguayan debt is minimum. The ratio of its increasing GDP to its debt is lower than 40%, while that of Spain is 130%, that of Italy exceeds 140% and that of Japan even reaches 200%. Namely that, if Japan decided to rid of its debt in 2023 and magically it no longer needed anything (energy, raw materials, food products, for its people), everything that would be produced in a year, would not be sufficient even to pay half of its current debt.
International investments have focused on Paraguay, because it is the only country with its characteristics which also offers a zero taxation. We are not talking about a lost island of Pacific, or Caribbean, but about a vast country with a healthy economy and a solid bank system.
The enviable conditions of the country allow you to delocalize your savings in a very profitable way. The lack of debt and the seriousness of its answers ensure that Paraguay presents itself as a country which is poorly monitored worldwide. On the contrary, the traditionally liberal character of this country and its economical politics of the last decades, allows its bank to offer many facilities for the delocalization of your savings..
Then, if our suppliers of cars, enterteinment, steel industry, fuels and food come from different parts of the world, depending on our interests, why not to search for savings in the place that best suit you?
Old immigrants and new immigrants: Lip can help you to escape from war, mandatory vaccinations, and increasingly heavy taxes. Lip can help you to apply for your permanent residence in Paraguay and your electronic biometric Identity Card, that allow you to live and work in Paraguay and travel across the South American continent without passport.
If you want further information, please write us at info@livinginparaguay.com
