If we take a look at the south American countries, we can’t help but notice that the initiative and the openness to new things of Paraguay is paying off, also with the contribution of more and more foreign citizens.
Economic data reveal that in the last years GDP has constantly grown and has been established from 3 to 4%.
In this way Paraguay has significantly improved its infrastructure and worked to increase tertiary industry, that is services, especially the tourism industry. Hotels, resorts, restaurants are of the highest quality and the stay of tourists turns to a memorable experience.
In the last years the efforts made by Paraguay have been rewarded with more and more tourists, who are discovering the natural beauty and the liveliness of Paraguayan cities. Also many foreign citizens (especially Europeans and north Americans) decided to reside permanently in Paraguay to boost their professional career.
FAVOURABLE INTEREST RATES
Interest rates are very important at the time when a person (even if he/she is foreign) decides to apply for a bank loan, to be able to start a business. Paraguay is working with its banks in order to guarantee the best possible interest rate to its customers.
A further clarification: interest rates recorded by cooperatives dropped significantly, compared to those of banks, but they have not decreased at all the number of its local clients , who apply to cooperatives right because there is less bureaucracy compared to banks.
Also the ROA (Return on Assets), that is basically the return of invested capital, is very positive in Paraguay. As a matter of fact, the indicator of overall profitability, compared to the number of banks shows us a constant and progressive increase.
In 2018 the Banco de la Nación Argentina recorded the highest ROA (equal to 421,9%), while Banco Familiar reached 81,8%.
As you can easily understand, ROA is a very important figure to give an idea of how much an invested capital can yeald in Paraguay.
AND IN EUROPE?
The situation in Europe is very different and especially young and old people suffer from it. Young people struggle to find a job and pensioners get poor and extra taxed pensions.
And finally adult people have more and more fee deductions in payroll.
So, in Europe the future is really put to the test.
TO BE RESIDENT IN PARAGUAY: ALL THE ADVANTAGES
Here in short all the advantages you can get if you decide to reside in Paraguay
- Pensioners can get their tax-free pensions
- Professionals and young graduated can take advantage of their degree without the need for a on-site validation
- Everyone who decides to start a business in Paraguay benefits from a 10% VAT!
HOW CAN YOU GET YOUR RESIDENCE IN PARAGUAY?
If you want to get your residence in Paraguay and benefit from the just explained facilities, you have to reside in Paraguay for a minimum of 183 not even consecutive days in the same solar year.
You need to submit these few documents:
- Birth Certificate
- Marriage Certificate or Civil Status Certificate
- Criminal Record
- Pension Certificate (for pensioners only)
THAT’S WHO CAN HELP YOU
To take so a delicate choice like a transfer or a residence in a different country, especially if it is as far as Paraguay it is essential that you rely on experts in the field.
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 contract and apply for an online consultancy.
Our skilled consultants of Living In Paraguay will assist you step by step and help you to go over all the paperwork that a change of residence needs. Furthermore, they will accompany you in an explorative flights to Paraguay, so that you can take a closer look to your new life.
The natural beauties of this country, the mild climate all over the year, the friendliness and the hospitality of their inhabitants will amaze you!