Logo of My Second Option

PARAGUAY

As Your Second Option

Paraguay

HIGHLIGHTS
EASY TO SET UP
BUSINESS FRIENDLY
FAMILY FRIENDLY
AFFORDABLE LABOR
FULLY SELF-SUFFICIENT
STABLE & SAFE
EASY TRAVEL IN MERCOSUR
HIGH LIFESTYLE
LOW COST OF LIVING
AFFORDABLE REAL ESTATE

Our Service Packages​

We offer a range of packages, each tailored to suit your specific needs and peace of mind.

Panama + Paraguay ID Card in 10 Days

$29,000
Requirements: 10 days in total, 2 days in Paraguay + Notarized Documents
Premium Economy Fly Tickets
Personal Chauffeur
Luxury Hotel with Daily Breakfast
Bank Account Setup
Company Incorporation
Expert Legal Support
Professional Accounting Services
Complete Property Acquisition Support

Paraguay Citizenship Program + Property Tour

$12,500
Requirements: 2 days in Paraguay + Notarized Documents
Premium Economy Fly Tickets
Personal Chauffeur
Luxury Hotel with Daily Breakfast
Bank Account Setup
Company Incorporation
Expert Legal Support
Professional Accounting Services
Comprehensive Real Estate Tour
Complete Property Acquisition Support

Paraguay Citizenship Program + Property Tour

$6,000
Requirements: 10 days in Panama + Notarized Documents
24/7 Support

No-Visit Paraguay Real Estate

$2,500
Requirements: Two Identification Documents + 20-30% Down Payment of the Property Value
Up to 100% ROI
Prime Property Showcase
Premium Urban/Nature Locations
Included Property Management
Document Shipping
Stable Currency Diversification
In-House Legal Support

Investment Opportunities

Investing in Paraguay's real estate is attractive due to high demand for modern housing and commercial spaces in expanding cities, competitive prices offering more value for your investment, potential for property value growth with economic expansion, a strategic central South American location ideal for businesses, and investor-friendly policies welcoming foreign investment with minimal restrictions on property ownership.

City Apartment
Paraguay
$55,000
1 bedroom
1.5 bathrooms
Social Area
Pool & Gym
Example property, details not final.
MORE OFFERS LIKE THIS
Luxury City Apartment
Paraguay
$125,000
2 bedrooms
2 bathrooms
Social Area
Pool & Gym
Example property, details not final.
MORE OFFERS LIKE THIS
City House
Paraguay
$350,000
5 bedrooms
3 bathrooms
Sauna
Pool
Example property, details not final.
MORE OFFERS LIKE THIS
Luxury Villa
Paraguay
$900,000
6 bedrooms
4.5 bathrooms
Heliport & Yacht Parking
2500m2
Example property, details not final.
MORE OFFERS LIKE THIS

We Take Care of Every Aspect

Complete Personal & Family Setup: ID, Insurance, Education, Healthcare

Buy Tropical Property From Your Home

Top-Tier Lawyers & Accountants

Business & Property Brokerage

Property Financing: Zero/Low Interest Plans

Comprehensive Property Management

Airbnb Hosting Solutions

Property Remodeling & Reconstruction

Exclusive Real Estate Development: Your Container Beach Resort

Turnkey Investment Opportunities

184

World Rank

Paraguay’s economic freedom score is 61.0, making its economy the 76th freest in the 2023 Index.

32

Regional Rank

Paraguay is ranked 16th out of 32 countries in the North, South and Central America regions, and its overall score is above the world and regional averages.

199

Passport Rank

Paraguay's passport ranking 33rd in the world passport index. With access to 143 visa-free destinations

Population
Inflation (CPI)
GDP (PPP)
Cost of Living

*For family of four in Asuncion (without rent)

MERCOSUR
Explore Mercosur with a Paraguayan ID
Unlock easy travel across South America with a Paraguayan ID. As part of Mercosur, Paraguay offers hassle-free travel to exciting destinations like Brazil and Uruguay - no passport needed! This freedom is perfect for adventurers and business-minded individuals alike. Dive into diverse cultures, expand your business, or simply enjoy seamless journeys.
GET YOUR PARAGUAYAN ID

Frequently Asked Questions

We have curated a comprehensive list of frequently asked questions for your convenience. Should you require further assistance or if your question remains unanswered, please do not hesitate to contact us.

SKIP

General

Untapped Beauty: At the heart of South America lies Paraguay, a country rich in natural beauty, from the Gran Chaco’s vast plains to the verdant forests of the Eastern region. It’s a place where nature’s magic remains beautifully intact, waiting for you to explore.

Cultural Richness: Dive deep into a mesmerizing blend of indigenous Guaraní and Spanish influences. The traditions, music, and festivals here tell a tale of a nation’s resilient spirit and vibrant soul.

Economic Advantages: Paraguay boasts one of the lowest costs of living in South America. From housing to food, your dollar stretches further, making for a comfortable and even luxurious lifestyle.

Property Ownership: Unlike some countries, Paraguay offers a straightforward process for foreigners to own land, making it an attractive destination for those looking to invest or settle down.

Sustainable Living: With initiatives like the massive Itaipú Dam, Paraguay is at the forefront of renewable energy. Here, living sustainably isn’t just a choice; it’s ingrained in the way of life.

Paraguay is located in central South America, bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest.

The official languages of Paraguay are Spanish and Guaraní. The majority of the population is bilingual in both languages.

The official currency of Paraguay is the Paraguayan guaraní (PYG).

Yes, Paraguay is one of the two landlocked countries in South America, the other being Bolivia.

Live like royalty without the royal price tag! Whether it’s gourmet dining, spacious housing, or weekend getaways, in Paraguay, your money doesn’t just talk, it sings. Luxury becomes your daily life.

Housing: Renting an apartment in the city center of Asunción, the capital, is significantly cheaper than in major cities in Europe or North America. For example:

    • A one-bedroom apartment in the city center may cost between $300 and $600 per month.
    • A three-bedroom apartment in the city center may range from $600 to $1,200.

Utilities: Basic utilities (electricity, heating, cooling, water, and garbage) for an 85m2 apartment may cost between $50 and $100 per month.

Food: Local groceries are affordable. Some price estimates include:

    • A liter of milk: $0.80 – $1.20
    • A loaf of bread: $1.00 – $2.00
    • A dozen eggs: $1.50 – $2.50
    • A kilogram of chicken breast: $5.00 – $8.00
    • Dining out is also relatively inexpensive. A meal at an inexpensive restaurant might cost between $5 and $10, while a three-course meal for two people at a mid-range restaurant could be between $20 and $50.

Transportation: Public transportation is affordable, with monthly passes ranging from $20 to $40. Gasoline prices.

Healthcare: Public healthcare facilities are available, but they might not meet the standards that expatriates from Western countries are accustomed to. Many residents and expatriates opt for private healthcare. Health insurance for a private plan might range from $50 to $200 per month, depending on the coverage and individual’s age.

Entertainment: Leisure activities like cinema tickets or gym memberships are affordable, usually ranging from $20 to $50 per month for the latter.

Education: While public education is free, many expatriates choose international or private schools for their children, which can be a significant expense ranging from a few hundred to a couple of thousand dollars per month.

Paraguayans are generally warm and hospitable. The concept of time might be more relaxed, and family is a central aspect of the culture.

Historically, Paraguay is one of the more peaceful countries in South America, like any other country, there are areas and situations that one should approach with caution. It’s essential to stay informed, take common-sense precautions, and connect with local communities to ensure a safe and enjoyable experience in Paraguay.

Like many places, safety can vary based on the area. In general, central and well-lit areas of major cities are safer, but it’s advisable to be cautious and avoid poorly lit or unfamiliar areas after dark.

Initially, yes. But after a certain period, you might need to obtain a Paraguayan license.

Family & Education

Paraguay has both public and private schools. In cities like Asunción, there are international schools that offer curricula in English or other languages, catering to the expat community. These schools generally maintain higher standards than local public institutions, making them a popular choice among expats.

There are private and international schools in larger cities, which many expats prefer for their children.

Immigration

Paraguay offers one of the most straightforward and quickest residency processes in the region. While there’s paperwork involved, like any bureaucratic process, the requirements aren’t overly stringent. Many expats appreciate that with just a few essential documents, a clean criminal record, and proof of income or a bank statement, you can start the residency application. Moreover, after three years of permanent residency, you can even apply for citizenship. This easy residency process, combined with the country’s many attractions, makes Paraguay a hidden gem for expatriates.

To obtain residency in Paraguay, you’ll generally need to apply for a permanent residency visa at the Migration Office in Asunción. This involves submitting various documents and undergoing a medical examination locally.

The required documents can vary depending on individual circumstances, but generally include:

  • Passport with a valid Paraguayan visa or entry stamp.
  • Birth certificate (apostilled or authenticated by the Paraguayan consulate in your country).
  • Proof of no criminal record from your home country and any country you’ve lived in for the past five years (also apostilled or authenticated).
  • Health certificate from a local Paraguayan doctor.
  • Proof of income or a job.
  • Life insurance policy.
  • Two passport-size photos.
  • Note: All foreign documents should be translated into Spanish by a recognized professional in Paraguay.

The residency application process in Paraguay is relatively quick compared to many countries. Once all the required documents are submitted, it can take anywhere from 3 to 6 months to receive your permanent residency card. However, timelines might vary depending on the volume of applications and any changes in the administrative process.

Yes, holding a permanent residency allows you to work legally in Paraguay, either as an employee or by starting your own business.

Residency allows you to live, work, and remain in Paraguay long-term, but you don’t get a Paraguayan passport, nor can you vote in national elections. After holding permanent residency for three years (or two years if you have a Paraguayan child or spouse), you can apply for naturalization to become a Paraguayan citizen. This process involves proving your integration into Paraguayan society and may require an interview and/or test about the country’s history, culture, and language.

In addition to the documents provided for your residency application, you’d typically need:

  • Proof of continuous residence in Paraguay during the qualifying period.
  • Proof of good conduct while residing in Paraguay.
  • Evidence of integration, which might include speaking basic Guaraní or Spanish, having a local job, or other cultural ties.

The naturalization process can take longer than the residency process, potentially up to 2 years or more. It varies depending on individual cases and administrative changes.

Real Estate

Yes, foreigners can buy property in Paraguay with the same rights as local residents. There are no restrictions on property ownership for non-residents.

Yes, whether you’re looking for city apartments or countryside homes, there’s a range of housing options suitable for families. In urban areas, gated communities with added security are popular among expatriates.

Here are some of the top areas in Paraguay that are particularly appealing to expats:

Asunción: The capital and largest city of Paraguay. It’s the primary hub for business, culture, and entertainment in the country.Popular neighborhoods for expats within Asunción include Villa Morra, Carmelitas, and Las Lomas, known for their safety and modern amenities.

Encarnación: Located in the southeastern part of the country, it’s often called the “Pearl of the South”. The city has a relaxed atmosphere and offers beautiful riverfront views of the Paraná River. It’s also close to the Jesuit Missions, a UNESCO World Heritage site, and offers a more laid-back lifestyle compared to Asunción.

San Bernardino: A lakeside town located on the shores of Lake Ypacaraí. Popular among both locals and foreigners, especially during the summer months. It’s known for its scenic beauty, outdoor recreational opportunities, and a growing community of expats, especially from Germany.

Luque: Located near Asunción, it’s a city known for its artisan workshops and for being the location of the Silvio Pettirossi International Airport.The area provides a blend of urban and suburban living, making it suitable for families looking for proximity to city amenities without the hustle and bustle of the capital.

Altos: Situated in the hills not far from Asunción, Altos provides a cooler climate compared to other regions in Paraguay.Its tranquil environment surrounded by nature makes it ideal for those looking for a peaceful retreat while still having access to city amenities in Asunción.

Caacupé: Located in the Cordillera department, it’s known for its famous basilica and annual pilgrimage. It offers a mix of urban amenities and natural beauty, with a slower pace of life and a rich cultural scene.

Villarrica: A city known for its academic institutions and cultural activities. The presence of several universities and schools means it has a vibrant young population. It’s surrounded by scenic landscapes and offers a mix of urban life and access to nature.

No, you do not need to be a resident or live in Paraguay to own property there.

The price of a luxury villa in prime areas like Asunción can range from $250,000 to $1 million USD or even more, depending on the location, size, and amenities. However, prices can be significantly lower in less urbanized areas.

Retirement

Yes, Paraguay offers a “permanent residency” visa, which many retirees qualify for. Once obtained, after three years of permanent residency, one can apply for naturalization if desired.

Generally, the requirements include a clean criminal record, proof of steady income or pension to ensure you can sustain yourself, and some basic health checks. Always check with the Paraguayan consulate or an immigration lawyer for the most updated requirements.

Private healthcare in Paraguay is quite affordable compared to North America or Europe. There are good hospitals in cities like Asunción. However, it’s advisable for retirees to have a comprehensive health insurance plan.

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