Nomad Watch
PY

Standard Residency

Active Territorial

Paraguay · Residencia Temporaria · Economic · apply in person · processing 30–90 days

Financial threshold — no minimum listed
Stay 24 months, renewable
Application fee $300
Tax 10.0% Territorial Tax System — 0% on foreign income

Path to staying

  1. Residence permit24 months
  2. Renew24 months at a time
  3. Permanent residencyafter 2 years
  4. Citizenshipafter 5 years
  • Permanent residency 2 years
  • Citizenship 5 years
  • Dual citizenship allowed
  • Language required for citizenship

Overview

Country
Paraguay
Program
Standard Residency
Local name
Residencia Temporaria
Type
Economic
Status
Active
Initial duration
24 months
Renewable
Yes (24 mo)
Min stay
1 days per 12 months

One of the easiest and cheapest residency programs in the Americas. No minimum investment, income, or bank deposit requirements for basic temporary residency — just ID and clean criminal record.

Eligibility

  • Minimum age 18+
  • Criminal record check required
  • Health check not required
  • Health insurance not required

Work rights

  • Employment allowed
  • Self-employment allowed
  • Own a business allowed
  • Work permit included

Family and dependents

Dependents allowed
Yes
Spouse included
Yes
Max child age
18
Parents allowed
No

Benefits and mobility

  • Bank account can open
  • Property purchase allowed
  • Public healthcare access granted

Tax

Tax regime
Territorial
Tax rate
10.0%
Regime name
Territorial Tax System — 0% on foreign income
Foreign income taxed
No
Capital gains taxed
No

How to apply

Method
in person
Processing time
30–90 days
Apply from abroad
Yes

Notes

No strict income or investment requirements for basic temporary residency as of 2025. Only need to be 18+, clean record, no international watchlist presence. A bank deposit of ~$5,000 in a Paraguayan bank is typically sufficient. Must not be absent 12+ consecutive months. For citizenship: 183 days/year for 3 years of permanent residency, learn national anthem, pass Spanish/Guarani and civics exams. Dual citizenship unofficially tolerated despite oath of renunciation — official treaties only with Spain and Italy.

Also in Paraguay

Paraguay also offers a digital nomad visa for remote workers

Source