Paraguay is the only South American country that holds in very high regard all the digital nomads in the world, who, by the way, are increasing more and more.
Today all those who work online anywhere in the world can not only apply for residence, WITH NO NEED TO DEPOSIT $ 5000 AT THE CENTRAL BANK, as required by previous legislation, but they can apply for residence, declaring they are digital nomads and also declaring they can earn their living in Paraguay.
Paraguay again shows with facts and not with word to be an absolutely liberal country, that supports in every way freedom and the initiative of the individual.
As a matter of fact, as you already know and as the last election in Brasil showed, in all South American countries there are left-wing governments or even far-left governments and Paraguay is the only example of a 360 degree economic liberalism.
Another fact that should not be underestimated: this situation in Paraguay is permanent, because in Paraguay there are not left-wing Parties that can reverse it. Marx and Lenin were not accepted in Paraguay, that proudly defends its liberal economy in South America.
Therefore, the new Immigration Law of October 18th 2022 is a real and unique opportunity for all digital nomads, especially for European and North American recent graduates, who can benefit from new and profitable opportunities, working online in Paraguay.
The digital nomads coming from Europe, United States and Canada can apply for residence and Paraguayan biometric Identity Card to be able to live and work freely in Paraguay, making use of the skills obtained with their qualifications.
We repeat again that with Paraguayan biometric Identity Card you can freely travel all over South America, without the need for a passport and this is really a great opportunity for all digital nomads, who in this way will also be able to make labour relations in other South American countries.
Needless to say that for young graduates, as well as for many other people, the fact of no longer being obliged to pay $ 5000 deposit to obtain residence helps a lot and precisely for this reason digital nomads who apply for residence and Paraguayan biometric Identity Card have increased very much.
All those who have just graduated and are about to start their own business, can seize this great opportunity, no longer having to pay the $ 5000 deposit.
We are talking about young graduates working remotely, but it is absolutely understood that this opportunity applies to all workers of any age, who work in all sectors of industry, economy, finance etc.
Paraguayan Government welcomes all those who want to work and make use of their skills in Paraguay. .
Of course, all digital nomads moving to Paraguay and applying for residence have a contract concluded abroad, but if they work in Paraguay THEY DO NOT HAVE TO PAY ANY INCOME TAX FOR THE INCOME COMING FROM THEIR WORK.
As a matter of fact, Paraguay is the only country that applies A TERRITORIAL TAXATION, therefore it does not tax employment incomes coming from abroad.
Europe and North America have been suffering for years a very strong tax burden and Paraguay really offers a solution to this serious problem to all those who desire it.
So finally: Paraguay with the new Immigration Law of October 18th 2022 that no longer requires to pay $ 5000 deposit, wants to encourage all digital nomads coming from Europe, North America, South Korea, Japan, Turkey and South Africa, as well as from Australia and New Zealand.
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.
