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Country

Latin AmericaNon-EU
PY flag

Paraguay

Paraguay offers one of the more accessible residency routes in Latin America for individuals seeking a second residence. Bordercase coordinates with licensed Paraguayan partners for filings.

Second residencyLow day-countCost of livingLatin America

Currency

PYG

Language

Spanish / Guaraní

Time zone

UTC-4

Non-EU

South America.

Latin America

Within the Spanish-speaking Latin American region.

Low presence

Comparatively low physical-presence requirements for residency.

Routes

Residency options

Paraguay residency routes:

  • Permanent residency via proof of solvency / qualifying income - the standard route
  • Family inclusion on the main application

Physical-presence requirements are relatively low compared to other jurisdictions.

Company

Company setup

SRL (Limited Liability) and SA (Joint Stock) structures are available; entity setup is well-supported by local partners. Substance and reporting requirements should be confirmed at setup.

Banking

Banking

Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.

Family

Family relocation

Family inclusion on residency applications is supported. Schools (Spanish-language and limited international) are concentrated in Asunción.

Documents

Documents you may need

Typical Paraguay documents:

  • Passport
  • Criminal record certificate (origin country + any country of residence in last 5 years)
  • Marriage / birth certificates for family
  • Proof of income or solvency (savings / pension / business)

All documents apostilled and translated to Spanish.

Risks

Risks we watch for

Risks Bordercase watches for in Paraguay:

  • Residency vs tax residency confusion
  • Document apostille and translation requirements must be tracked carefully
  • Some originating countries are subject to additional scrutiny
  • Real-world banking outside Paraguay may not change because of Paraguayan residency

Document readiness

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Also in Latin America

Other jurisdictions in the region

Country content is informational. Bordercase does not promise residency, citizenship, banking, or tax outcomes for any jurisdiction. Regulated legal, tax, and fiduciary advice is provided by licensed partners.