{"id":6361,"date":"2024-01-25T10:10:22","date_gmt":"2024-01-25T09:10:22","guid":{"rendered":"https:\/\/thenomadtax.com\/?page_id=6361"},"modified":"2024-11-29T11:55:38","modified_gmt":"2024-11-29T10:55:38","slug":"paraguay-to-set-up-my-tax-residence","status":"publish","type":"page","link":"https:\/\/thenomadtax.com\/en\/paraguay-to-set-up-my-tax-residence\/","title":{"rendered":"Residency and Taxation in Paraguay"},"content":{"rendered":"\t\t
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Why obtain your Tax Residency in Paraguay?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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At Nomad Tax<\/strong>, we help expatriates, entrepreneurs and digital nomads to establish their tax residency in Paraguay<\/strong> legally, quickly and without complications<\/strong>. Paraguay has become one of the most attractive tax destinations in the world thanks to its territorial taxation<\/strong>, flexible residence requirements<\/strong> and low cost of living<\/strong> that make it ideal for those seeking to optimize their taxation and enjoy greater financial freedom. <\/p>\n

Ready to change your tax residence? <\/strong><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Benefits of Tax Residency in Paraguay<\/strong><\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Do you want to pay 0% taxes legally<\/strong>? Are you a digital nomad looking for freedom and flexibility? <\/p>\n

At Nomad Tax<\/strong>, we specialize in helping you establish your tax residency in Paraguay<\/strong>, a country with one of the most attractive tax policies in the world: zero taxes on foreign income<\/strong>, minimum residency requirements and a cost of living so low that it seems like a joke… but it’s not.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Access to Mercosur<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Protect your savings in banks in stable jurisdictions, with deposit guarantees up to $200,000<\/b>, insuring your money against any eventuality.<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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No CRS<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Paraguay is not part of the CRS system, which guarantees greater financial privacy and protects your tax information.\n\n<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Zero taxes<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Paraguay applies a territorial taxation system, which means that your income generated outside the country is not taxed.\n\n\n<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Second Passport<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Access to permanent residency for 10 years with the possibility of obtaining a second solid passport.\n\n\n\n\n\n\n<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Flexibility<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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You only need to spend one day a year in Paraguay to keep your tax residency active. Total flexibility for nomads! \n\n\n\n\n\n\n<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Low Cost of Living<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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From accommodation to services, Paraguay offers an incredibly affordable cost of living, perfect for expatriates and entrepreneurs.\n\n\n\n\n\n<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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How Does Our Service Work in 4 Simple Steps?<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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We guide you through a simple and fast process: from the preparation of documents to obtaining your tax residency. With two visits to Paraguay and without complications, you will have your residency active in less than 3 months, ready to enjoy 0% taxes on foreign income.<\/strong> <\/p>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Document preparation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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It all starts with an initial consultation to organize the necessary documents. All you need is your valid passport, apostilled birth and criminal record certificate. We take care of arranging the local documents in Paraguay, no hassle for you! <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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First Trip <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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During your first day in Paraguay, we personally accompany you to immigration to apply for your temporary residency. This process is fast and efficient, leaving everything ready for the next stage. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Second Trip<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Approximately 45 days after your first trip, we return with you to Paraguay to apply for your Paraguayan identity card. After 3 months, you will receive your identity card, at which time we will arrange your tax residency, which you will have ready in less than 2 weeks. You do not need to be physically in Paraguay! We send the documents directly to your home by DHL. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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You are already a Resident!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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With your tax residency active, you are ready to open bank accounts, create an optimal tax structure and start enjoying 0% taxation on your foreign income.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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For Whom is Fiscal Residency in Paraguay Ideal?<\/strong><\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Your money deserves more than limits. With strategic and customized solutions, we connect you with trusted international banks to protect, diversify and enhance your wealth, all 100% remotely and efficiently. <\/h6>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Customized Financial Solutions<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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