The Hidden Gem That's Transforming Expat Life Forever
Ready to embark on an adventure to a destination nestled between the arid Chaco and the Atlantic Forest? Paraguay, according to many, is the heart of Latin America. This small, peaceful country is unfairly ignored by international travelers and expats. However, this unique destination has SO much to offer in terms of hospitality, landscapes, and quality of life that will blow your mind.
In this comprehensive guide, we'll reveal everything you need to know about expat life in Paraguay, whether you're moving there alone, as a couple, or with your children.
EXCLUSIVE: Paraguay Visa Requirements That Nobody Talks About
Depending on your profile and reason for relocation, Paraguay offers different types of visas that could change your life forever. For a temporary stay of six months or one year, foreigners can apply for precarious or temporary residency, which can be renewed multiple times. However, if you want to reside in the country for a longer period, you must apply for permanent residency. All residency applications must be submitted once you've arrived in the country.
For more detailed information about the visa process, check out our comprehensive guide on Paraguay temporary residency and Paraguay residency temporary vs permanent requirements.
For additional information, contact the Paraguayan embassy or consulate in your current country of residence.
REVEALED: The Mind-Blowing Benefits of Living in Paraguay as an Expat
Unmatched Hospitality and Authenticity
The atmosphere in Paraguay is much more peaceful than in Colombia, Brazil, or Peru. The locals' authenticity, kindness, and openness toward expats will leave you speechless.
Incredible Culinary Experiences
Delicious and varied cuisine awaits you. The asado, a slow-cooked barbecue, is a delight for all gastronomy lovers and will transform your dining experience forever.
Unbeatable Cost of Living
Living costs are significantly lower than in Europe and North America. You'll be amazed at how far your money goes in this incredible country.
The Most Attractive Tax System in South America
Paraguay boasts the most attractive tax system in South America (even better than Panama's famous system). This could save you thousands of dollars annually! Learn more about how to optimize your taxes with our Paraguay tax guide for US LLC operations.
Breathtaking and Unique Landscapes
Stunning, varied, and unique landscapes that will attract nature lovers and photography enthusiasts. These views will leave you breathless every single day.
Dynamic Open Economy
An open and dynamic economy, although Paraguay remains one of the poorest countries in Latin America, offering incredible opportunities for savvy investors.
TRUTH REVEALED: Is Paraguay Actually Dangerous?
Generally, it's NOT dangerous to live in Paraguay, not even for a single woman. While security risks are lower than in neighboring countries, it's important to make at least one reconnaissance trip before moving to choose a safe residential area. While the crime rate has increased in recent years, the country remains one of the safest in Latin America.
You should obviously take usual precautions, stay alert, and avoid going out alone at night in certain areas of the capital (La Chacarita) and on the outskirts of Asunción. Other precautions include checking your surroundings before withdrawing money from ATMs and avoiding circulating on main streets at night.
For more detailed safety information, read our comprehensive guide: Is Paraguay safe country for tourists.
IMPORTANT WARNING: It's strongly recommended NOT to travel to the border area between San Pedro and Concepción due to the risk of terrorist activity. Also avoid sparsely populated areas of Canindeyú, where drug trafficking predominates.
INSIDER SECRETS: Working in Paraguay That Will Change Your Life
The work environment in Paraguay is very different from Europe or North America. Labor legislation is lax and poorly respected. Working conditions vary considerably between companies and sectors.
Most expats have their own business or work for an international company that offers good working conditions, including a salary much higher than the national average monthly salary of €310.07 (PYG 2,473,778). If you want to work as an employee in a Paraguayan company, it's advisable to research before moving. Local websites like Buscojobs or Opcionempleo can help with your search.
Starting a Business in Paraguay
Paraguayan legislation is favorable to investors. To establish a company, you can apply for Suace, the unified system for opening and closing companies. However, you may choose to hire the services of a commercial lawyer or public accountant.
The maquila regime allows foreign companies to establish themselves in the country or subcontract other national companies for processing goods and services destined for export. While most investors focus on the agro-food industry, new investments are emerging in industrial and automotive sectors.
Key Industries to Consider:
- Energy sector
- Agriculture and livestock
- Soy production
- Medicinal plants
- Construction
- Distribution
SHOCKING: Paraguay's Incredible Tax Benefits That Could Save You Thousands
Paraguay has the lowest tax rate in Latin America, which enormously benefits both companies and individuals. While the corporate tax rate is set at 10% on profits, foreign companies generally don't pay taxes on income obtained in Paraguay. The country also offers tax incentives to companies operating in its free zones.
Personal income tax varies from 0% to 10% for individuals, who can also benefit from tax exemptions. This incredible tax system could literally transform your financial future!
Need personalized help?
Get expert guidance for your Paraguay relocation journey. Our team is here to help you with residency, business setup, real estate, and banking solutions.
For detailed tax optimization strategies, check out our Paraguayan tax system for expats digital nomads guide.
EXCLUSIVE: Banking in Paraguay - What Banks Don't Want You to Know
Although there are exceptions, most banks in the country don't open accounts for non-residents. For more information, contact local banks like Interfisa Banco or Banco Atlas. Generally, banks request several documents, including a visa or permanent residence admission certificate, a reference letter issued by your bank, proof of income in the country (i.e., a salary receipt), and proof of residence in Paraguay.
You can open an account in US dollars or guaraníes (PYG), the local currency. To become a Paraguayan resident, you need to have the equivalent of $5,000 in a deposit account.
For expat-friendly banking options, explore our guide on Ueno Bank easy for expats worldwide.
REVEALED: The Real Cost of Living in Paraguay Will Shock You
Unlike Argentina, Paraguay is one of the poorest countries in Latin America, with modest 4% growth in 2021. The cost of living is one of the lowest on the continent. Of course, your budget will depend on your income, lifestyle, and where you choose to live.
Living here is at least 50% cheaper than in France in many aspects, such as accommodation, transport, and food. For example, a three-bedroom apartment in the city center costs between €455.89 and €877.41. Conversely, private healthcare and education can be quite expensive.
For budget-friendly shopping tips, check out our guide on cheap affordable supermarkets in Asunción Paraguay.
INSIDER TIPS: Finding Accommodation in Paraguay
Finding accommodation in the country is quite easy, as there's a wide range of options, including private rooms, luxury residences, and family residences. Although prices are higher in the capital, it's very possible to find very comfortable family accommodation with an average budget of €650.
For the best residential areas, read our comprehensive guide on best neighborhoods in Asunción.
If you decide to rent, keep in mind that the owner might request a work contract or proof of income, as well as a deposit of one month's rent in advance.
Buying Property as an Expat
As an expat, you can also buy property. You only need to go to a local notary with an ID document. Prices are much lower than in many European or North American cities: you can expect to pay between €752.06 and €1,494.38 per square meter for a property in the city.
CRITICAL: Healthcare in Paraguay - What You Must Know
Despite recent government efforts to increase investment in Paraguay's healthcare system, there are still significant disparities in access and quality of care between public/private and urban/rural areas. The country has some excellent quality private hospitals, especially in the capital, such as Centro Médico Bautista and Sanatorio Americano.
These two hospitals charge relatively high prices compared to the public sector. While expats, as permanent residents, are entitled to social security coverage and access to public health centers, they generally prefer to contract international health insurance, which offers effective and flexible coverage in private centers anywhere in the world.
BREATHTAKING: Must-See Destinations in Paraguay
Asunción
- Plaza de la Democracia
- Panteón de los Héroes
- Street art in the historic center
- Presidential Palace López
- The labyrinthine Municipal Market No. 4
- La Costanera and the Cathedral of Our Lady of Asunción
Beyond the Capital
- Caacupé: Place of pilgrimage considered the Paraguayan Lourdes
- Itaipú Dam: The world's largest electricity-producing dam
- Encarnación: The 'Pearl of the South', with its carnival and Jesuit mission ruins
- San Rafael National Park: With its unique flora and fauna - a paradise for bird watchers
- Gran Chaco: The paradisiacal region with stunning landscapes and tropical fauna
- Laguna Blanca: A pristine lake bordered by the Cerrado
- Concepción: The 'Pearl of the North'
URGENT: Take Action NOW to Secure Your Paraguay Adventure
Don't let this incredible opportunity slip away! Paraguay offers an unbeatable combination of low taxes, affordable living, safety, and natural beauty that's perfect for expats, digital nomads, and retirees.
Ready to start your Paraguay journey? Our expert consultants are standing by to help you navigate the entire relocation process, from visa applications to finding the perfect home.
Get Your FREE Paraguay Relocation Consultation Today!
Don't wait - spaces are limited and Paraguay's popularity among expats is growing rapidly. Secure your spot in this Latin American paradise before it's too late!
Ready to make Paraguay your new home? Contact our experienced team today for personalized guidance on your relocation journey. We'll help you avoid costly mistakes and ensure a smooth transition to your new life in Paraguay.