Identity Optimization Strategies in South America - Paraguayan Permanent Residency and Passport
Paraguay permanent residence permit solution is2022One of the most affordable, straightforward and low-tax jurisdictions of the year. Also, it is an admirably landlocked country, the lowest cost is only needed4,000Euros, foreigners do not have to actually live there to maintain their status. This, coupled with relatively low investment requirements, has put Paraguay on the radar of many.
Paraguayan passport
A Paraguayan passport provides access to the European Union (EU), United Kingdom (UK), Ireland and Russia - so it's a very good investment and a good passport. It is also part of the South American Common Market, so it is possible to travel anywhere in South America without a visa; all it takes is an ID card.
Caribbean passport with residency in a third country
Obtaining residency in another country after obtaining a second passport is one of the most popular concepts, and in 2020 we came up withUpgraded Caribbean Citizenship Program(Dominica + Greece ACBIP). People who were looking for a reliable B+C plan at the time solved travel, EU life, education, risk control, capital allocation all at once with this industry-leading solution. A method of obtaining residency in a third country using a second country passport so that people can use the most liberal flexibility in various future situations. Recently, due to the intensified international tension and the inflation caused by the energy problem in Europe, some people have begun to pay attention to the countries in South America. It is easier for people with family in North America to keep in touch, and more importantly, the general cost of permanent residence in South America is much lower than in Europe. If you are looking to pick a country from South America where it is easy to process residency and then get a passport, Paraguay may be the ideal choice for you. In this article, we will guide you through the process of obtaining residency in Paraguay after a second country passport, how to take advantage of tax benefits, and how to become a naturalized citizen of the country within three years. As an international citizen with three passports.
Caribbean passport Dominica passport St Kitts passport
After St. Kitts launched the Citizenship by Investment Program in 1984, for the first country in the world to legally sell nationality, foreigners can use St. Kitts passports visa-freeEnter nearly 160 countries, the practice of St. Kitts has transformed the investment immigration industry for 30 years and has become a model for fast-track citizenship programs. In 1993,Commonwealth of DominicaSection 101 of the Constitution and Section 8 and Amendment 20(1) of the Citizenship Act legally define the Citizenship by Investment Program and begin a new Commonwealth of NationsDominica citizenship by investment (CBI) program, which has improved the St. Kitts background check and has become the most rated investment citizenship program in the past five years. Investors can donate orReal estate investmentTwo Fango obtained Dominica citizenship, issued a Certificate of Naturalization andDominica Citizenship by Investment. The Citizenship by Investment Unit (CBIU) of Dominica is affiliated to the Ministry of Finance and is responsible for all operations of this naturalization and passport program. This naturalization program has beenBest naturalization program in the world for five consecutive yearsthe brochure freely.
Permanent Residency and Citizenship in Paraguay
Why Get Paraguayan Permanent Residency and Citizenship
- With Paraguay Residency, you can live, work and study in Paraguay.
- There are no immigration prison requirements to maintain status. One day in Paraguay every three years is enough to maintain your residency.
- No tax on personal income above $22,500
- No tax on foreign income
- Corporate tax only 10%
- Paraguay is a stable South American country with one of the highest GDP growth rates in the world.
- Member of Paraguay's Mercado Común del Sur (MERCOSUR), whose permanent residence card allows the holder to live in Argentina, Brazil, Bolivia, Chile, Colombia, Ecuador, Peru and Uruguay under the Mercado Residence Agreement.
How to get Paraguay Residency
Obtaining Paraguay Permanent Residency is a simple and straightforward process, with various options such as bank deposits, investments or retirement certificates. Applicants who have obtained Dominica or St. Kitts passports can almost meet the requirements for applying for Paraguay's right of retention.
Documents required to apply for permanent residence in Paraguay
Documents for naturalization in the Caribbean can be satisfied
- With Paraguay Residency, you can live, work and study in Paraguay.
- Only one visit to Paraguay is required every three years.
- No tax on personal income above $22,500
- No tax on foreign income
- Corporate tax only 10%
- Paraguay is a stable South American country with one of the highest GDP growth rates in the world.
- Member of Paraguay's Mercado Común del Sur (MERCOSUR), whose permanent residence card allows the holder to live in Argentina, Brazil, Bolivia, Chile, Colombia, Ecuador, Peru and Uruguay under the Mercado Residence Agreement.
How to get Paraguay Residency
Obtaining Paraguay Permanent Residency is a simple and straightforward process, with various options such as bank deposits, investments or retirement certificates. The application process takes up to 90 days, but generally the ministry issues a residence permit within 70 days, and residents must apply for an ID card within six months of obtaining their permanent residence permit. According to our experience, applicants who successfully apply for Dominica or St. Kitts passports can almost meet the requirements for applying for Paraguay's right of retention. (refer toDocuments required for a Caribbean passport), the following are the materials to be prepared to apply for the right of residence in Paraguay:
- passport
- Certificate of Good Conduct
- birth certificate
- Marriage/Divorce Certificate
- medical insurance
- Address in Paraguay
get in touch
Pathways to Permanent Residency in Paraguay
Deposit $4,400
Paraguay Permanent Residence Permit Solution is the most affordable, straightforward and low tax jurisdiction in 2022. Also, the official immigration process to obtain a permanent residence permit in Paraguay can take less than three months. In addition, foreign income of Paraguayan permanent residents is tax-exempt and residency status can be maintained without a continuing personal presence in Paraguay. However, permanent residents must visit Paraguay every three years to maintain their status. Those who choose this method are required to provide proof of solvency in the form of a deposit in the amount of . 30,817,850PYG (approx. EUR 4,200 depending on the current exchange rate for the Paraguayan Guarani). The amount is deposited into the Migrations bank account in the National Bank and can be withdrawn after the immigration process)
Setting up a company - Paraguay Residency by Investment Program
The Paraguay Residency by Investment Program is the most affordable immigration solution for South American investors. The necessary investment amount is $70,000, which you have ten years to use for your business or investment project. Investors can complete their investments one after another after arriving in Paraguay. The applicant first obtains a Paraguay investment visa to enter Paraguay, and then sets up a company to apply for permanent residence after entry.
Register as an investor
This is the fastest way to obtain a permanent resident permit in Paraguay. During the process of applying for identity, the applicant only needs to submit US$5,000 as proof of financial ability. Closing Companies of the Ministry of Industry and Commerce.), which aims to provide greater flexibility for resident investors and speed up the immigration process. The Office is under the Ministry of Industry and Commerce and cooperates with the Immigration Bureau. After submitting an application for foreign investor registration to SUACE, the Ministry of Industry and Commerce is responsible for issuing a registration certificate within a maximum of 8 working days.
retirement plan
The Paraguay Retirement Program offers retirees permanent resident status through the Express Entry Permanent Residency program; you only need to prove that you are receiving a pension. The minimum qualifying pension amount is 8,34,000 guaranis per month, approximately US$1,300.
in conclusion
Obtaining residency in South America is a straightforward and straightforward process, and in the post-pandemic reshuffling of immigration programs around the world, it has become an alternative to Europe, Asia, the Middle East and Africa. But this is a good thing for those with identity planning needs, because the number of projects to choose from has increased. In the past, many people were poor in South America, and now the threshold is lower because of its tax, attracting investors from North America to invest in it. However, for Chinese investors, it is still necessary to consult with professionals before proceeding, and to communicate how to design an identity structure before proceeding, such as tax ID numbers, offshore accounts, overseas companies, or professional issues such as double-layer identity structures and tax jurisdictions. . In addition, there are several gates for immigrants in South America:
- Login required
- to apply for a visa
- Notarization of documents (Paraguay does not have diplomatic relations with China)
- Transit, transit visa issues
- language
Interested people can contact us first, you can click hereSchedule an appointment, or browse ourYouTube channel.
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Dominica citizenship by investment (CBI) program
- The Dominica citizenship program was established in 1993 and is one of the oldest naturalization programs in the world.
- Second PassportApplicants are not required to attend the interview
- Can handle immigrants quickly: the time is about 2-3 months
- For single applicants, this is the most cost-effective plan
- Identity can be passed on permanently to the next generation
- Click here for consultationreservation
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