Paraguay offers a straightforward residency by investment program. Investors receive permanent residency valid for 10 years immediately. Family members can also obtain permanent residency without temporary status. This advantage simplifies and speeds up the process.
How This Program Works
The program aims to attract investors who stimulate job creation, as outlined in Law No. 978/96. Applicants can become residents before making the investment if they prove the capacity to invest at least $70,000 and create five jobs. SUACE, the Paraguayan investment authority, issues the “constancia de inversionista”—a certification for qualified investors.
Required Documents
Applicants need to provide:
- A valid entry visa if required
- “Constancia de inversionista” certificate
- Bank account with at least $70,000 in liquidity
- Passport valid for minimum six months
- Apostilled birth certificate
- Apostilled background check
- Apostilled civil status certificate (marriage, divorce, or spouse’s death)
- Certificate confirming no cybercrime from Paraguay’s Department of Computer Science
- Interpol certificate confirming no ongoing legal cases
- Spanish translations of all documents by an official translator
Many documents must be obtained locally in Paraguay.
Application Process and Timeline
If you hire a migration expert, expect a 5-working-day process. They manage translations, background checks, and applications for the residence card (“carnet de radicaccion”). Without help, it can take 45 to 60 days due to document processing and procedural steps.
Maintaining and Renewing Residency
Permanent residency lasts 10 years and requires renewal, which is a simple procedure requiring only a visit to immigration authorities. No annual fees or minimum stays apply. Delays in completing the investment may cause loss of residency.
Alternative Path: Temporary Residency First
Applicants may start with temporary residency (valid 2 years), convert it to permanent residency after 12 months, and then apply for citizenship three years after residency. This option involves less upfront cost and no investment requirement but takes longer.
Advantages of Residency by Investment
- Immediate permanent residency
- Easier business setup
- Avoids converting from temporary residency
Advantages of Temporary Residency
- No business plan needed
- No commitment to invest
- No need to show assets or income
Need Expert Help?
Contact us for expert assistance with Paraguay residency applications. Our partners offer multilingual support and guidance on legal and tax matters to ensure a smooth process.