GetStake Logo
GetStake allows you to invest in fractional real estate in Dubai's premium properties, with investments starting from just $500.

Real estate without the hassle.

Affiliate disclosure

Asunción, Paraguay 🇵🇾
#461 ,

Nomad Score: 61%

Essentials

🏙️ City Asunción is the capital city of Paraguay, located near the eastern bank of the Paraguay River.
👥 Population Approximate population is 525,000.
💻 Internet Speed Average internet speed is around 30 Mbps.
💸 Currency & Banking Currency is Paraguayan Guarani (PYG), approximately 1 USD ≈ 7,500 PYG.
🚰 Tap Water Not drinkable; bottled water is recommended.
🔌 Power Electricity is 220V, 50Hz, with Type C/N sockets.
📶 SIM Card Major providers include Tigo and Personal, offering prepaid options.
💳 Banking for Expats Local banks like Banco Nacional de Fomento and international options such as HSBC are commonly used.
🛌 Accommodation Airbnb and local rental platforms like Inmo365 are popular for short and long-term stays.
💳 Cashless Friendly Yes, many establishments accept credit/debit cards, but cash is recommended for small vendors.
🏠 Short Term Rentals Airbnb and local websites like Alquiler Paraguay are widely used.
🛏️ Budget Accommodation Hostel Asuncion and La Maison offer affordable lodging.
🏙️ Best Area to Stay for Tourists Located in the historic center or near the waterfront, areas like Villa Morra and Carmelitas are recommended.
🏙️ Best Area to Stay for Digital Nomads The neighborhood of Villa Morra is popular among digital nomads due to its coworking spaces and cafés.

Working and Networking

🏢 Best Coworking Space Spaces such as El Lado and Casa de Cumbieres offer good facilities for remote work.
Best Cafe for Work Café del Cielo and La Bici offer a good atmosphere for working remotely.
💼 Networking Events Groups like Asunción Expats and meetup.com host regular networking events.
🥂 Social Events for Expats Expats in Asunción Facebook group is active in organizing meetups and social gatherings.

Transportation

🚕 Best Taxi/Ride App Apps like Uber and Bolt are available and reliable.
🚲 Bike/Scooter Rental Biking is popular, with options for rentals available at local shops.
🏖️ Best Beach Nearby San Bernardino Beach, about 30 km away, is a popular weekend spot.
✈️ Top Regional Airline Paraguay's driving airline is LATAM Airlines.
✈️ Top International Airline Major international carriers include Copa Airlines and Avianca.
🛣️ Highway Access The city is connected via asphalt roads to neighboring cities like Ciudad del Este and Encarnación.
🚉 Main Train/Transit Hub Asunción's main transport hub is the Terminal de Ómnibus, servicing buses.
🚍 Public Transport Passes Bus tickets cost around 3,500 PYG, and prepaid cards are available.
✈️ Regional Travel Buses connect Asunción to cities like Ciudad del Este and Encarnación.

Health and Wellness

🏥 Best Hospital Hospital de Clínicas is the top healthcare facility in the city.
🧘 Yoga & Wellness Centers Attended Yoga en Casa offers various classes for expats.
🏋️ Gyms & Fitness Centers Fitness centers like Sportcenter are popular for workouts.
🧺 Laundry Services ServiLava and local laundromats provide washing services at reasonable prices.

Food and Drink

📱 Best Food Delivery App Apps like PedidosYa and Rappi are popular for food delivery.
🍽️ Best Local Dish to Try Try Sopa Paraguaya, a traditional cornbread dish.
🍱 Vegan/Vegetarian Options Vegano Asuncion offers a variety of plant-based meals.
🍫 Best Dessert Spots Masa Café is renowned for its baked goods and desserts.
🛒 Affordable Shopping Spots Markets such as Mercado 4 or local supermarkets like Superseis offer budget-friendly groceries.
🛒 E-commerce/Online Store Sites like MercadoLibre are popular for online shopping.
🛒 Grocery Delivery Supermarket delivery services like iFood are available.
🍸 Bar/Nightlife Area The Villa Morra area features many bars, such as Oskare and Bar 3.
🍻 Local Brewery Brewed in Pilsen is a popular local brewery offering tours.
🍷 Wine Bars Oenoteca offers a selection of local and imported wines.
🍲 Street Food Stalls Visit the local food stalls at the Mercado 4 for tasty street food.
🍕 Popular International Cuisine A variety of international choices, including Italian at La Cascada and Asian at Sushi House.

Culture and Attractions

🎟️ Must-See Landmarks The Palacio de los López and the National Pantheon of the Heroes are must-visit sites.
🏛️ Museums & Art Venues Museo del Barro and the National Museum of Fine Arts showcase local art.
🏰 Historical Sites The historic
🕍 Religious Sites The Metropolitan Cathedral of Asunción is a prominent site.
🎉 Annual Events Asunción has several annual festivals, including the Carnaval de Asunción.
🎨 Cultural Districts The area around the historic center has rich culture and history.
🎭 Theater Venues Teatro Nacional del Paraguay hosts various performances.
🛍️ Local Markets Mercado 4 is a vibrant local market worth visiting.
🎼 Music Scene Jazz and local folk music are common in many bars and cultural centers.
🎨 Street Art Street art can be found in areas such as Villa Morra.
🧑‍🍳 Cooking Classes Local cooking schools offer classes in traditional Paraguayan cuisine.
👩‍🎨 Art Galleries Independencia Gallery features local contemporary artists.
🕰️ Historic Buildings The government buildings along the waterfront are architecturally significant.
🏴 Local Heritage The Guarani language and culture play an influential role in national identity.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes Parque Ñu Guasu offers parks and outdoor activities.
🏞️ National Parks Nearby Ybycuí National Park is about 90 km away, known for its natural beauty.
🚲 Cycling/Walking Paths The coastal path along the Paraguay River is pleasant for walking and cycling.
🌄 Scenic Viewpoints The viewpoints at the Palacio de los López offer scenic views.
🦉 Birdwatching Locations The Ñu Guasu Park is popular among bird watchers.
🔥 Bonfire-Friendly Spots Designated areas in national parks allow bonfires.

Other Services and Amenities

📦 Parcel Delivery Service DHL and local services like Anda offer reliable delivery.
🛠️ Tech Repair Services Apple Center and local electronics shops provide repair services.
🏓 Table Tennis Spots Available at various community centers around the city.
🧑‍🏫 Language Classes Many language schools offer Guarani and Spanish classes for expats.
📚 Libraries & Study Spots Biblioteca Nacional del Paraguay is a quiet study location.
🏘️ Community Centers Cultural centers in the city provide spaces for gatherings.
🕹️ Gaming Lounges Local gaming cafes offer spaces for video gaming enthusiasts.
🎰 Casino & Gaming Halls Casino Asunción offers various gaming options.

Business

🏢 Studio Purchase Price (City Center) Approx. $1,200 per m² (e.g., 40 m² = $48,000).
🏢 Studio Purchase Price (Outside City) Approx. $900 per m² (e.g., 40 m² = $36,000).
🏠 1-Bedroom Purchase Price (City Center) Approx. $1,100 per m² (e.g., 60 m² = $66,000).
🏠 1-Bedroom Purchase Price (Outside City) Approx. $800 per m² (e.g., 60 m² = $48,000).
🏡 2-Bedroom Purchase Price (City Center) Approx. $1,000 per m² (e.g., 80 m² = $80,000).
🏡 2-Bedroom Purchase Price (Outside City) Approx. $700 per m² (e.g., 80 m² = $56,000).
💼 Corporate Tax The standard corporate tax rate is 10%.
💵 Dividend Withholding Tax The withholding tax on dividends is 15%.
🏦 Tax System Paraguay operates on a territorial tax system.
📈 Highest Income Tax Bracket Maximum personal income tax rate is around 10%.
🧾 VAT Standard VAT rate is 10%.
🌐 Controlled Foreign Company (CFC) Rules No strict CFC rules in place.
🏠 Property Tax Annual property taxation is based on the assessed value.
🏠 Property Transaction Tax Transaction tax of 2% upon property purchase.
💻 Attractive Tax System for Digital Nomads Paraguay offers favorable conditions with no tax on foreign income for non-residents.

Feedback Thank You!

Thank you!

Your feedback has been submitted successfully.