Simplified international travel
A Paraguayan passport allows visa-free entry or entry without obtaining a visa in advance to more than 140 jurisdictions. These include most countries in Latin America, all European Union member states, Iceland, the UAE, Malaysia and Taiwan.
Opportunities for the family
The spouse and children of the applicant can benefit from Paraguay’s migration opportunities and may later become eligible for citizenship, provided they meet the legal requirements.
Short residency period before naturalization
While many European countries require citizenship applicants to reside in the country for 5 to 10 years, Paraguay requires only 3 years of permanent residence before naturalization.
Access to the MERCOSUR market
Paraguayan citizenship grants the right to live, work and conduct business activities in MERCOSUR member states. The combined market of the bloc represents more than 290 million consumers.
Favorable tax conditions
Paraguay applies a territorial taxation system. Tax residents are subject to an 8–10% tax rate only on income sourced in Paraguay. The country does not impose inheritance or gift taxes.
Right to retain existing citizenship
Paraguayan legislation allows dual and multiple citizenship. However, the ability to retain the original passport after naturalization depends on the laws of the applicant’s country of origin and applicable international agreements.
Stable political and economic environment
Paraguay is a democratic country with an investor-friendly policy framework. It is a member of MERCOSUR and the Latin American Integration Association (ALADI), as well as an associate member of the Andean Community (CAN).
Comfortable living conditions
Among the factors attracting foreigners to Paraguay are relatively low living costs and a favorable climate. Foreign residents can integrate into a peaceful social environment that combines Spanish cultural heritage with the traditions of the Guaraní people.