00:00 Introduction
03:12 Why did Paraguay change its law in 2022?
06:58 Is it possible to get Paraguay Permanent Residency by Investment?
07:55 What documents do I need to get Residency in Paraguay?
09:00 Do I need to apostille my documents to get Residency in Paraguay?
10:40 What is the process like to get Residency in Paraguay?
11:32 How much is it to apply for Paraguay's Tax Residency?
12:38 Do I need to travel to Paraguay to apply for the Residency?
15:00 From where should my criminal record for Paraguay Tax Residency be?
16:33 When can I get my Paraguay Tax Residency?
17:36 Which countries need a tourist visa to enter Paraguay?
19:41 Are there any additional requirements to get a Paraguay Permanent Residency after two years?
21:58 How can I get my documents for Paraguay Tax Residency as a Canadian?
22:52 If I am a United States citizen, do I have to get my criminal record from the FBI?
23:11 From where should my criminal record be if I have lived in a different country for two years?
24:01 Is Permanent Residency necessary to get Paraguay Citizenship?
25:25 Where do I apostille my documents if they are from different countries?
26:31 Can I benefit from Paraguay’s Tax Residency as a Canadian citizen?
28:00 How much do I need to apply for Permanent Residency in Paraguay through Investment?
28:55 As a US citizen, where do I get my documents apostilled?
29:57 If I do not bring money into Paraguay, is it a taxable income?
33:17 Any bank recommendations to receive money in Paraguay?
34:29 Should I tell immigration I will apply for Permanent Residency when I enter Paraguay?
34:57 What are the requirements to acquire Paraguay Permanent Residency? Is it a long process?
35:41 How much is Paraguay’s monthly accountancy service?
36:32 Do I get the Tax ID and the Temporary Residency for Paraguay at once?
41:58 What documents do I receive after applying?
42:21 How much is it to get expert help for Paraguay's Permanent Residency?
43:38 Do you need to purchase real estate to get a Paraguay Permanent Residency?
45:19 If I am already a Paraguay Resident, do I need to travel to Paraguay to get the Tax ID?
46:11 Can South Africans or Russians apply for Paraguay Tax Residency?
47:31 How complicated is it to acquire Paraguay's citizenship?
49:37 Is there any special discount for Paraguay Residency for digital nomads?
49:53 What is better to get a Paraguay Tax ID, a Temporary or a Permanent Residency?
50:34 If I already have a residency in South America, is it easier to get Paraguay's Residency?
51:14 Why do digital nomads need to get a Tax ID?
52:04 How early can I start the process for Paraguay's Temporary Residency and Tax ID?
Paraguay is a convenient option for digital nomads and expats who want to optimize their taxation setup. In this video session, Natalia, visadb's verified Paraguay expert, and Danish, the CEO, explain all the requirements, the process, and FAQs for acquiring Paraguay Tax Residency.
• Reach out to Natalia with your case and questions today. Start a case by clicking on "Chat Now" here: visadb.io/service/61ce1d9f1fb....
Benefits:
• Paraguay has a 0% taxation policy on income sourced from abroad.
• Visiting Paraguay for three days is enough to complete the process.
• You must enter Paraguay once every three years and renew your ID every ten years.
• If you have any income deposit in Paraguay, you only pay 10% of VAT.
PRICE FOR COMPLETE TAX ID SERVICE: USD 2600
With the code "NOMAD" you can apply for your Paraguay Temporary Residency + Tax ID and get six months of accountancy for free to maintain healthy tax records*
SEPARATE PRICING
Temporary Residency: USD 2100
Only Tax ID: USD 500
Summary of the key information in the video:
In October 2022, Paraguay's government decided to change the law and the process for applying for Permanent Residency. Now, you first apply for a Temporary Residency before acquiring your Permanent Residency after two years.
Paraguay Permanent Residency and Tax ID Process Timeline in 2023:
Temporary Residency → Cedula (ID) ready in 3-4 months → Tax ID → Permanent Residency (after two years).
To acquire Paraguay's Residency, you need your birth certificate, marriage certificate (if applicable), criminal records, and to pay the government fee. You must translate and apostille all your documents to be accepted by the government of Paraguay. Remember that some documents (such as criminal records) might expire. Once you acquire them, you must apply soon.
*Even if you do not have income in Paraguay, you must submit reports about your null or minimum income. After the first free six months that visadb offers, the accountancy service is 30 USD monthly.
Disclaimer: Visadb.io does not engage in or promote any practices that violate the tax laws or regulations of any country. We do not condone tax evasion or other illegal activities that could put our community at risk of legal or financial penalties.