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THE GDP OF PARAGUAY IS GROWING

09/12/2019 By admin

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.

POSITIVE ROA

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!

Filed Under: Paraguay

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About Us

LivinginParaguay.com is the only European company specializing in immigration in Paraguay - with a customized, 24/7 service for clients with passport of EU, the UK, Switzerland, Norway, Russia, Turkey, Island, Ukraine, Australia, New Zealand, Canada, Taiwan and the US

The Director of LivinginParaguay.com is Andrea Carlo, who brings more than 20 years of experience in secondary legal permanent residence in Paraguay and Latin America. Andrea has worked for many multinational companies in the past across the Middle East, Europe and Latin America. His passion is to help people obtain a secure track for themselves and their families, and have a Plan B residency option that they can use at any time.

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Paraguay

About Paraguay

Permanent residence and an ID card in Paraguay are typically granted within six months and are valid for 10 years, with the ability to live and work in all Mercosur countries and travel in Latin America without a passport. Full citizenship and passports are granted after three years for those that want to stay and live in Paraguay.

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