Who reads our blog, even just sometimes, already knows all the reasons why more and more people coming from Europe, North America, South Korea and Japan to apply for residence in Paraguay.
To all these advantages (VAT at 10%, tax-free pension, possibility of using your qualifications to work in Paraguay without the need for a validation in situ and so on…) was added another great facilitation with the new Immigration Law, that was approved in October 2022. As a matter of facts you are no longer required to deposit $ 5000 in a Bank to prove your economic solvency.
As a result of this amendment of Immigration Law, we LIP advisors found that the applications for residence in Paraguay and for Paraguayan biometric Identity Card have doubled compared to the previous year.
Those who especially have worked to apply for residence in Paraguay are the so called “digital nomads”, that is young people aged 22 to 28, who have jumped at this incredible opportunity.
With the new Immigration Law, you receive a Paraguayan residence permit and a Paraguayan biometric Identity Card expiring every two years, but after this period, they are renewed indefinitely. Basically there is only a slightest difference, almost nothing.
As a result, our clients experience only a considerable saving, because they are no longer required to deposit $ 5000 at a bank to prove their economic solvency.
We LIP advisors also noticed that that our clients can comfortably live in Paraguay with $200/400 per month and living in well-kept and elegant neighbourhoods, because many new buildings are being built with “single-room” apartments, very suitable for all the digital nomads, who want to live in Paraguay. We are talking about new and modern buildings at very advantageous prices
Therefore, we LIP advisors deal with providing to our clients apartments for rent in very nice residential areas served by public transport. Of course, in addition to all the procedures to obtain the residence in Paraguay and the Paraguayan biometric Identity Card, opening of the Bank account, Tax Code, Driving Licence and so on…
According to our philosophy, the well-being of a life in Paraguay begins precisely with an house, because we think that if someone feels comfortable in the place where he/she lives, the first big step has already been taken.
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.
