Why obtain your Tax Residency in Paraguay?

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At this point, you are likely to be an innovator in the business world, seeking new horizons for your growth.

Paraguay is positioning itself as an attractive destination for those interested in optimizing their tax situation, offering a favorable environment with a competitive tax regime that allows 0% taxation for income generated outside the country. This South American country is known for its simplified process for obtaining tax residency, its economic stability, and for not participating in the automatic exchange of financial information, which offers greater privacy.

At Nomad Tax, we are experts in the management of tax residences in Paraguay. We offer you our deep knowledge to optimize your tax situation, making the most of the advantages that Paraguay offers. Whether you are looking to benefit from its territorial taxation system, financial privacy, or speed in obtaining tax residency, we are here to assist you every step of the way.

How can we help you in Paraguay?

Paraguay para crear mi residencia fiscal

I will tell you why I chose Paraguay to set up my tax residence

Privacy: Paraguay does not exchange your Fiscal information.

Paraguay is not part of the CRS (Common Reporting Standard), which means that it does not automatically share financial information with other countries. This lack of participation in the CRS may offer advantages in terms of financial privacy for individuals and companies residing in the country. 

The lack of automatic exchange of information makes it easier to maintain a certain level of confidentiality in tax and financial matters.

Residency: Paraguay enables the fastest tax residency in the world

Paraguay offers a quick and easy process to obtain tax residency, being attractive for those seeking a free lifestyle with a lower tax burden.

Paraguay maintains a streamlined immigration process, allowing to obtain a tax residency certificate without residing in the country. In addition, obtaining residency in Paraguay is considerably cheaper than in other destinations such as Cyprus or Panama.

Tributación territorial en Paraguay. Paga 0% impuestos. | Territorial taxation in Paraguay. Pay 0% tax.

Taxes: Paraguay has a territorial taxation system.

Paraguay, a country in the heart of South America, stands out on the international stage for its territorial taxation system. This system means that only income generated within the country’s borders is subject to taxation. But why has Paraguay adopted this model and how can it benefit entrepreneurs?

  1. Paraguay seeks to attract foreign investors and entrepreneurs. By taxing only locally generated income, the country becomes an attractive destination for international businesses and digital nomads seeking to optimize their tax burden.
  2. By applying taxes only on income generated within the country, Paraguay simplifies its tax system. This makes it easier for companies to understand and comply, reducing administrative complexity.
  3. In a globalized world, countries compete to attract talent and capital. Territorial taxation positions Paraguay as a strong competitor in Latin America, offering comparative tax advantages.

How to obtain tax residency in Paraguay in 1 day?

Paraguay offers an attractive and flexible tax environment for those seeking to establish their tax residence in the country. There are two main ways to obtain tax residency in Paraguay: spending a minimum of 120 days a year in the country or creating economic substance. Each of these options is detailed below:

Fiscal Residency by time: Spending 120 days a year or more in Paraguay.

The most direct way to obtain tax residency in Paraguay is through physical presence in the country. If you spend at least 120 days a year in Paraguay, you may qualify to be considered a tax resident. This method is particularly attractive for those who wish to divide their time between several countries or for digital nomads looking for a stable fiscal home.

Tax Residency by Substance: Creating Economic Activity in Paraguay

The second option to obtain tax residency in Paraguay is through the creation of economic substance in the country. This involves establishing and maintaining significant economic activities in Paraguay, which may include investments, businesses or relevant economic contributions.

Nomad Tax will assist you in the process of obtaining your tax residency in Paraguay.

Temporary Residence in Paraguay

At Nomad Tax we will take care of the whole process to obtain your temporary residency along with the ID card. You will only need to spend 2 days in the country, while we handle all the bureaucracy.

Our agents in Paraguay will pick you up, accompany you to immigration and prepare all your documentation.

Cédula de identidad en Paraguay | Residencia fiscal | Identity card in Paraguay : Tax residency

Economic substance in Paraguay

At Nomad Tax we will design your strategy so that you can create economic substance in Paraguay without having to make large investments.

Our agents and accountants in Paraguay will guide you through this process and create the structure you need to do everything legally and correctly so that you do not incur any problems with your country of origin.

How long will it take to obtain tax residency with Nomad Tax?

Obtaining temporary residency with Nomad Tax includes the following:

Services offered by Nomad Tax in Paraguay?

Obtaining Temporary Residency in Paraguay

  • The price is €2,300 per person.

Obtain RUC tax number in Paraguay.

  • The price is €40/month to obtain this tax number.

Registration of a sole proprietorship in Paraguay

  • €300 per sole proprietorship.

Obtaining Permanent Residency in Paraguay

  • The price will be €2,300 per person.
asesoramiento fiscal en Paraguay

Obtain a tax study related to Paraguay

FREQUENTLY ASKED QUESTIONS

Paraguay offers attractive advantages to establish your tax residence, including the possibility to obtain 0% tax and residency in only 2 days per year. With Nomad Tax, starting your tax residency in Paraguay is a quick process that is completed in just 1 day.

  • Privacy: Paraguay does not automatically exchange your tax information, as it is not part of the CRS (Common Reporting Standard), providing confidentiality in tax and financial matters.

 

  • Fast Residency: Paraguay offers the fastest residency process in the world, allowing you to obtain it without the need to reside in the country.

 

  • Territorial Taxation: Paraguay applies a territorial taxation system, taxing only income generated within the country, which makes it attractive for foreign investors and entrepreneurs.
  • Nomad Tax offers you two options:

    We manage the whole process, from temporary residence to obtaining your ID card and RUC.

  • The application for temporary residency is completed in approximately 11-12 weeks.
  • Obtaining the cédula takes approximately 3-4 weeks.
  • The RUC tax document is obtained within 15 days after receiving the cédula.
  • Temporary Residence: 2.300€ per person.
  • Tax Number RUC: 40€/month.
  • Company Registration: 300€ per sole proprietorship.
  • Permanent Residence: 2.300€ per person.

It is crucial to get an expert advice to avoid problems and optimize your savings. Nomad Tax offers a 50% discount for the consultancy of EUR 399 when obtaining the temporary residency package in Paraguay. Make sure you manage your structure correctly to exceed your expectations!

 
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