Paraguay Permanent Residency by Investment (SUACE) Program
Published at: 30/04/2025 10:21 am
Paraguay became a hotspot for location-independent professionals and businesspeople who wanted to operate in MERCOSUR.
Why get a residency permit in Paraguay?
Paraguay is a stable and friendly small country in the middle of South America. It has developed very quickly and offers the lowest taxes on the continent. Paraguay follows the territorial tax structure, meaning foreign-sourced income is tax-free. However, Paraguay is not an offshore location; it is a member of all essential tax agreements and is always white-listed regarding international tax compliance issues. The country is beautiful, and the cost of living is more affordable than in neighbouring Brazil and Argentina.
Paraguay offers two options for applicants who wish to become residents of the South American country.
Applicants who do not need a visa can become permanent residents of Paraguay and permanent residents two years later. The simplified process is valuable for the citizens of the developed countries, especially when it comes to agreements with the Paraguayan Government.
The residency by investment option is for applicants who need a visa or want to become permanent residents without a temporary two-year period. The SUACE residency by investment program aims to register companies and create jobs. The minimum investment amount is 70,000 USD. However, it is not a direct investment; you will have three years to spend the minimum amount or more on your business.
How long does it take to become a permanent resident in Paraguay?
So, becoming a permanent resident through the temporary residency phase will cost time. The processing time for the "tr" is 3 to 6 months. First, you must travel to Paraguay and apply for a temporary residency permit. Then, you can leave the country or wait until the Migration issues the permit. Then, the resident applies for the ID card (one month processing time) and the tax number: exactly one year and seven months later, application for a permanent residency permit. The processing time is again 3 to 6 months. Then you will need a new identity card as well.
How long does it take to become a permanent resident in Paraguay through the residency by investment program?
Forty-five days from the date of application is enough time to receive the Paraguay permanent residency permit and the ID card (cedula).
Discus Holding's experts have more than a decade of experience in Paraguay. Contact us for a consultation about settlement processes, company registration, or taxes!