How to Be a Digital Nomad in Paraguay [Costs, Benefits, & Residency Guide w/ Plan B Paraguay]

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  • เผยแพร่เมื่อ 22 ธ.ค. 2024
  • Have you ever considered quitting your job and moving down south? Somewhere warm, cheap, and welcoming to digital nomads? Well Paraguay is becoming a popular location to do just that.
    In today's video, we'll take a look at the benefits of life in Paraguay via an interview between myself and the co-founder of Plan B Paraguay (an agency that helps foreigners set up residency in the country).
    If you want to reach out to Paul, here is his info:
    Book a meeting: calendly.com/p...
    Twitter: / planbparaguay
    #paraguay #digitalnomad #liveinparaguay
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ความคิดเห็น • 116

  • @FreeInPanama
    @FreeInPanama ปีที่แล้ว +34

    Good material, thank you. Paraguay is really the fastest raising magnet for immigrants in Latin America.
    One misinformation: Panama did not stop friendly nations visa. They only raised the minimum level for initial investment (property purchase) to scare away low budget potential immigrants here. Simply due to inflation, the net was wider and wider and they decided to adjust a little bit the entry level not to over-flood the country with foreigners. Also traditionally they do not want backpackers type of immigrants. They prefer middle and higher financial level ones which somehow makes sense.
    Another one is that there is no unrest going on in Panama. It is typical Latin country where political scene is always changing as every 4 years they have elections. But nothing uncommon going on there.
    Few pluses of Panama (we did that homework deeply visiting both countries) comparing to Paraguay:
    - way better climate, where on the beaches area you have 26-32C degree whole year round. A little big more hot in Panama City and much colder in the mountains (Boquete). Never as hot as in Paraguay
    - very low crime rate. Paraguay is not bad either, but not on the same level like Panama
    - higher standard of living (better infrastructure)
    - location: much closer to North America or Europe, comparing to Paraguay
    - Panama has 2,500 km long coastline, while Paraguay is landlocked. So not the same views...
    True that Panama is more expensive than Paraguay. But most of manufactured products cost the same as both Panama and Paraguay have the lowest prices and custom taxes in Latin America. Very often you can see Uruguayans and Argentinians flying to all-inclusive in Panama not to spend time on a beach, but to go buy their new cell phones, tablets and laptops as it is very cheap there. Restaurants and services are way cheaper than in North America, so the comment "the same prices" is really missing the point here.
    Secondary, you save LOTS on taxes (in both countries) especially when you are still working and then your standard of living already jumps (our case) 4 times, so all seems suddenly relatively cheap.
    Again, Paraguay is a very good destination. Seems to be a perfect match to those who are mostly focused on low-cost. While for middle and higher-income expats Panama is still much better option.

    • @MarkFarfan
      @MarkFarfan  ปีที่แล้ว +6

      I am actually living in Panama, so I totally agree on the benefits ;)

    • @kashifsheikh836
      @kashifsheikh836 ปีที่แล้ว +4

      Very well and balanced explanation. I liked it. Keep it up.

    • @pardal902
      @pardal902 10 หลายเดือนก่อน +5

      Panama is much expensive than Paraguay for sure

    • @TomM60
      @TomM60 9 หลายเดือนก่อน +4

      Low crime rate in Panama? Get serious.

  • @DavidSinghiser
    @DavidSinghiser 3 หลายเดือนก่อน +9

    I've had permanent Paraguayan Residency since 2015. Paraguay was not my first choice. I wanted to live in Argentina, and I did. I also lived, taught or studied in Thailand, Mexico, Spain, Singapore, Việt-Nam and 16 years in Hawai'i (which I love), however to my surprise, I was happiest in Paraguay. I had to come back to the US to take care of my mother, but I will be back. I love Mexico too, but I always said to myself, that if I had children, I would immediately choose Paraguay first. I also thought that Paraguay reminded me more of the 70s and 80s when I was a kid. It's like going back in time in a good way. It's far from perfect, but in the end it's my home. I didn't adopt Paraguay so much as Paraguayans adopted me. I lived in a small town and only associated with locals. I didn't know any expats. They were mostly Germans. Go visit, then go and live somewhere else, especially Thailand and then Paraguay will seem sane, peaceful, and stress free.

    • @Guillermo-ym5yn
      @Guillermo-ym5yn 2 หลายเดือนก่อน

      Thank you for sharing!

    • @watthaile2053
      @watthaile2053 27 วันที่ผ่านมา

      Thank You. Enjoyed your perspective.

    • @gaiaarrigoni
      @gaiaarrigoni 24 วันที่ผ่านมา

      Very interesting point of view ❤.We are thinking to move from Sweden,but we are italian, with a 6years old son. The big concern is that we aren't digital workers, we have had experience abroad as entrepreneurs and we are still working in restaurants/bakery/gelato businesses. So if we want to consider any destinations is as entrepreneur and investors. So big differences in choosing where to live and work...

  • @jenv9782
    @jenv9782 11 หลายเดือนก่อน +45

    My heart is breaking as I am considering a move away from the West; it is becoming just too insane living here. Have watched other, and am watching this video to glean as much information as possible to see if this is something I can do.

    • @helena_aña
      @helena_aña 11 หลายเดือนก่อน +10

      Culturally Paraguay is part of the West (all Iberoamerica actually is), but not of the Global North.

    • @jenv9782
      @jenv9782 11 หลายเดือนก่อน +13

      @@helena_aña I should have said anglosphere which I take to mean North America, Canada, U.K., Europe and Australia.

    • @ChineduOpara
      @ChineduOpara 10 หลายเดือนก่อน +9

      I've been living in Colombia for a year now as a Digital Nomad. Heading to Paraguay to apply for Temporary residency in March. So I'll see you there 😄

    • @lulylucero
      @lulylucero 9 หลายเดือนก่อน +8

      I’m considering Paraguay also. I just saw a facebook group called “digital nomads and expats in Asuncion Paraguay”.

    • @paulinefriend9455
      @paulinefriend9455 9 หลายเดือนก่อน +1

      @jen9782, I understand you, believe in me..!

  • @Patriot_Eke
    @Patriot_Eke 9 หลายเดือนก่อน +4

    It's good to see the face behind the Plan B account. Hello, sir! ha ha

  • @sc3639
    @sc3639 2 หลายเดือนก่อน +3

    It was a great video. Unfortunately Plan B was too expensive for my family to use but I am sure that they do a good job.

  • @LunaMiel186
    @LunaMiel186 2 หลายเดือนก่อน +6

    Py is a hidden gem but he greatly downplayed how hot it is. 104-110º F is common.

    • @MorganInColombia
      @MorganInColombia หลายเดือนก่อน

      year round ? And what about humidity and rain?

  • @rafaeldla
    @rafaeldla 2 หลายเดือนก่อน +2

    Its awesome that you mentioned the friendliness aspect and how Paraguay fares better then other LATAM countries. How would Paraguay compare to say Mexico, Colombia or Brazil?

  • @mwaynerowe4782
    @mwaynerowe4782 8 หลายเดือนก่อน +11

    Super hot 104 degrees 5 months out of the year. Just oppressive the heat and limits any outdoor activity.

    • @SenorJuan2023
      @SenorJuan2023 7 หลายเดือนก่อน +3

      Well, I guess I won't be there for those 5 months!

    • @Eliasrs-iw9hk
      @Eliasrs-iw9hk 6 หลายเดือนก่อน +4

      No es tan así, tranquilamente te puedes acostumbrar rápidamente y ni sentirás el calor.

    • @flia0davalos
      @flia0davalos 5 หลายเดือนก่อน +2

      Yeah if you’re a gringo from a cold place you’re going to be limited by the weather

    • @SenorJuan2023
      @SenorJuan2023 5 หลายเดือนก่อน +3

      @@flia0davalos Actually, most of my life was in Deep South USA...so I'm used to hot weather. As I got older, though, I have less tolerance for it.

    • @chipaguasustudios
      @chipaguasustudios 4 หลายเดือนก่อน +1

      Yes, it is a very hot country, but you can go to the south (Encarnación) there is more "Cold"

  • @paulinefriend9455
    @paulinefriend9455 9 หลายเดือนก่อน +8

    I have been searching for information about Paraguay for 5 months. After watching this video, I made up my mind to apply for residency in Paraguay, but later, after reading all the comments here, I stepped back..! I have mixed feelings now: I do not now if I have been lucky to be warned about the hardship I might face for Paraguay or I have to go through more unpleasant surprises in my next search for a country to live in??

    • @Eliasrs-iw9hk
      @Eliasrs-iw9hk 6 หลายเดือนก่อน +8

      Paraguay is a quiet country, you will not regret it, it is the safest country at least in Latin America.

    • @changaaleikum2954
      @changaaleikum2954 6 หลายเดือนก่อน +5

      before moving to any country, you should spend a few months there at least , everything else will set you up for failure. all the best

    • @chipaguasustudios
      @chipaguasustudios 4 หลายเดือนก่อน +1

      Just do it. Paraguay is a very good country.

    • @neverlookback7039
      @neverlookback7039 3 หลายเดือนก่อน

      Have you moved ? I think we can take a flight any time we want, so if you try for 1 year and you don’t like it…. You can move on !!! I will move in January

    • @paulinefriend9455
      @paulinefriend9455 3 หลายเดือนก่อน

      @@neverlookback7039 who are you??

  • @ricksilver55
    @ricksilver55 23 วันที่ผ่านมา

    Is it possible to get residency with two dwis on my record? Thanks

  • @Thejerzway
    @Thejerzway 11 หลายเดือนก่อน +6

    The Paraguayan Tax Free Residency is possible, there is not a specific number of days that you are required to spend in Paraguay each year to apply for this permanent residency or citizenship..

    • @MorganInColombia
      @MorganInColombia หลายเดือนก่อน

      can you do that as a expat, digital nomad?

  • @abrahamjohn803
    @abrahamjohn803 ปีที่แล้ว +1

    Whai is the expenses? Govt fee and your service charges??
    How family members areincluded.. Till what age? What about parents¿

  • @mkishon
    @mkishon ปีที่แล้ว +4

    Were you implying that money remitting to a Paragauyan bank from overseas is subject to Paraguayan tax?

    • @MarkFarfan
      @MarkFarfan  ปีที่แล้ว +3

      Hmm, I'm not sure... That doesn't sound quite right to me but if you want to know 100% for sure I recommend reaching out to Paul on Twitter!

    • @attentioncestpaslegal7847
      @attentioncestpaslegal7847 10 หลายเดือนก่อน +2

      He is basically promoting tax evasion.
      Money earned while working in Paraguay is subject to Paraguayan tax. Remote workers need to pay taxes in Paraguay.

  • @levi3970
    @levi3970 10 หลายเดือนก่อน +3

    what if you earn and move the money and bring it to paraguay in banks?

    • @catalinadasilvamello8499
      @catalinadasilvamello8499 4 หลายเดือนก่อน +2

      En Paraguay puedes movilizar tu capital de dinero sin problemas, producir aquí y llevarte donde quieras tu dinero no es problema, sin trabas

  • @DivineSoulWorship
    @DivineSoulWorship 8 หลายเดือนก่อน +1

    Any such info on Bolivia

  • @kn-qz7by
    @kn-qz7by 4 หลายเดือนก่อน

    I’m getting lots of thumbnails for Paraguay videos but none at all for Uruguay. Why?

  • @Xrp944
    @Xrp944 5 หลายเดือนก่อน

    Do you have to live there all year round, i like to go home to my country for when it’s to hot there,

  • @destinationmax
    @destinationmax ปีที่แล้ว +2

    What about citizenship? I’m interested in getting a second passport, and I understand that Paraguay only recognizes dual citizenship for Spanish or Italian Citizenship. I honestly want the citizenship option to seal the deal that I have a plan B or C.

    • @Thejerzway
      @Thejerzway 11 หลายเดือนก่อน +1

      The Paraguayan Tax Free Residency is possible, there is not a specific number of days that you are required to spend in Paraguay each year to apply for this permanent residency or citizenship..contact us..

    • @destinationmax
      @destinationmax 11 หลายเดือนก่อน +1

      @@Thejerzway In other words no dual citizenship for Americans?

    • @John-pl8fe
      @John-pl8fe 10 หลายเดือนก่อน

      Rubbish they allow dual nationality.

    • @mygoogle1525
      @mygoogle1525 6 หลายเดือนก่อน +1

      People will try to rip you off. They are nice but hard to trust

  • @drewforest
    @drewforest 11 หลายเดือนก่อน +2

    What is the minimum down payment to buy a property there? Can't seem to find an answer to this question online.

    • @GothicRK
      @GothicRK 9 หลายเดือนก่อน +1

      It depends on the contract. Usually it is either 10% or 5% of the total price amount. However, for foreigners, there's a 15% fee extra that you have to pay for taxes.

    • @drewforest
      @drewforest 9 หลายเดือนก่อน

      Thanks

  • @mkishon
    @mkishon ปีที่แล้ว +8

    great convo! but 'warm'? hotter than hades more likely.

    • @annedechamplain3078
      @annedechamplain3078 ปีที่แล้ว +2

      Yes that king of heat is very difficult to live with. One could live there 4 month of the year in their winter (may to september) and go elsewhere the rest of the time.

    • @Eliasrs-iw9hk
      @Eliasrs-iw9hk 6 หลายเดือนก่อน

      Tampoco es el país mas caluroso, tranquilamente te puedes acostumbrar.

    • @savosaren856
      @savosaren856 หลายเดือนก่อน

      @Eliasrs-iw9hk
      Con esa tasa de humedad al mismo tiempo sí que lo es, codo a codo con partes de Filipinas, India y Bangladesh...

  • @Patriot_Eke
    @Patriot_Eke 9 หลายเดือนก่อน +3

    I went through tons of paperwork to get it all done and apostilled. Bring the birth certificate and have it confirmed there? Have Interpol there do the criminal check there? It sounds a lot easier than the thief and scammer Lorena Latera told me.

    • @LifeParaguay
      @LifeParaguay 9 หลายเดือนก่อน +1

      I have heard that name a few times. She has been doing the rounds it seems? One to avoid.

  • @riedodenise1236
    @riedodenise1236 11 หลายเดือนก่อน +1

    works. as long as you have much money and oral Spanish... otherwise hell... Swiss, lic.oec.Paraguay for 10 years.

    • @lulylucero
      @lulylucero 9 หลายเดือนก่อน +2

      Language is achieved in less than two years and I see learning another language as a plus.

    • @jmtrevijano9160
      @jmtrevijano9160 4 หลายเดือนก่อน +1

      @@lulylucero Y si vienes desde España, ni dos minutos. Aprender guaraní puede ser divertido.

    • @lulylucero
      @lulylucero 4 หลายเดือนก่อน

      @@jmtrevijano9160 ayyy, me encantaría aprender guaraní!

    • @savosaren856
      @savosaren856 หลายเดือนก่อน

      @jmtrevijano9160
      Sí y te vale para más o menos lo mismo que el catalán, coges un vuelo de media hora y adiós al esfuerzo de años.

  • @nicog3230
    @nicog3230 3 หลายเดือนก่อน

    @Mark Farfan, the cost of Plan B is not shared for what they have to offer and I could not find it on their website. Except for a zoom call. Any idea ?
    Great video anyway

    • @Road2Paraguay
      @Road2Paraguay 3 หลายเดือนก่อน

      We offer residency permit + cedula for 1400€

  • @Patriot_Eke
    @Patriot_Eke 9 หลายเดือนก่อน +7

    Panama is on the Ring of Fire. They are not as welcoming to outsiders. The law is not anywhere close to as focused on individual liberty.

  • @paulamessier6915
    @paulamessier6915 7 หลายเดือนก่อน

    Is it difficult for a foreigner to find a job in Paraguay?

    • @mygoogle1525
      @mygoogle1525 6 หลายเดือนก่อน +1

      Yap. Depends what is your profession i guess. Minimum wage is around 15€ a day. We came here with 50000€. Thought to buy a land and start growing my food and stuff but no way. Paraguayans will rip you off ,if ypu're white or a foreigner. Quality of houses and products in general are very low. Keep that in mind.

    • @StardustAnnE
      @StardustAnnE 4 หลายเดือนก่อน

      ​@@mygoogle1525so like Americans.. People here are very much delusionals. You want to go to live to another country but you want to spent the less possible because somehow you think Paraguay should be cheap? Makes me think if paraguayans would be treated right in the US when lost Americans are racists and especially around Latin American people. Paraguayans are one of the most nice people around the world and for the comments I read here most you want to go to colonize it. Just like Israel

    • @Guillermo-ym5yn
      @Guillermo-ym5yn 2 หลายเดือนก่อน

      ​@@StardustAnnE
      All comments welcomed!
      ;)

  • @st.marcfishing7839
    @st.marcfishing7839 6 หลายเดือนก่อน

    Very usefull! Thanks.😂

  • @g.f.w.6402
    @g.f.w.6402 5 หลายเดือนก่อน +2

    Pro: no taxes if set up properly. Con: Paraguay.

  • @bettycarol8752
    @bettycarol8752 หลายเดือนก่อน

    Cost of living

  • @mygoogle1525
    @mygoogle1525 6 หลายเดือนก่อน +1

    I've been here for 9ver two yrs. People are nice and friendly,which is nice. Now...there is no accessable nature,you gotta pay ,if you want to see any nature. Quality of products are very low,not much variety when it comes to fruits and vegetables. In many cases it is more expensive than in europe with worse quality. Foget bout finding a job(minimum wage is around 15€ a day)
    Like i said,people are very nice and friendly,weather is very nice and it feels quite safe. Probably will leave sometime next year.

    • @Guillermo-ym5yn
      @Guillermo-ym5yn 3 หลายเดือนก่อน

      I guess I won't go because of your comment!

    • @watthaile2053
      @watthaile2053 27 วันที่ผ่านมา

      😮

    • @mygoogle1525
      @mygoogle1525 27 วันที่ผ่านมา

      @@Guillermo-ym5yn
      I guess you gotta see it for yourself.

  • @cycleofficial4744
    @cycleofficial4744 5 หลายเดือนก่อน

    All you need to figure out is your tax situation. How it feels to live in another country is individual you gotta go yourself anyway. Ah ... and you are able to pack a bag with a laptop and to press three buttons online (oneway flight and hostel / airbnb, flight back but that you dont even know) ? Then what are you waiting for ?

  • @attentioncestpaslegal7847
    @attentioncestpaslegal7847 10 หลายเดือนก่อน +10

    *BEWARE OF TAX AVOIDANCE*
    11:10 “Also not brought to Paraguay in bank”
    What this guy really means is: since Paraguay is too poor and not a part of the Common Reporting Standards, if you work in Paraguay and “forget” to declare your money, Paraguay has no way to find out.
    Come on guys, income tax is only 10 % in Paraguay. Make an effort and live in the country legally.

    • @etticys7057
      @etticys7057 8 หลายเดือนก่อน +4

      You were clearly not paying attention 😂

  • @vastworld-mp8oc
    @vastworld-mp8oc 3 หลายเดือนก่อน

    Is it safe country really worry about that if I want to migrate somewhere I look for safety , ??? Or dangerous like Brazil

  • @efdlg3147
    @efdlg3147 ปีที่แล้ว +6

    Now i just need to figure out how to make $18000/year

    • @MarkFarfan
      @MarkFarfan  ปีที่แล้ว +6

      Shouldn’t be too hard to reach that target 🤑

    • @youngwynn333
      @youngwynn333 9 หลายเดือนก่อน

      Do a clinical study

  • @sheepdogonthehill
    @sheepdogonthehill 2 หลายเดือนก่อน

    It’s HOT, damn hot

  • @bettycarol8752
    @bettycarol8752 หลายเดือนก่อน

    Rentals

  • @fredglobal9675
    @fredglobal9675 2 หลายเดือนก่อน

    old outdated information. now argentina is hot.argentinans going back. investments going to argentina

  • @HughSmiley
    @HughSmiley 5 หลายเดือนก่อน +1

    More than a "little bit" too hot!

  • @attentioncestpaslegal7847
    @attentioncestpaslegal7847 10 หลายเดือนก่อน +7

    *ZERO TAXES DO NOT EXIST MOST OF THE TIME*
    2:30 That's a pretty wrong advice. People working in Paraguay need to pay taxes in Paraguay.
    Him being wrong on taxes makes me worried about his advice on the rest.

    • @2ndTim3_1-6
      @2ndTim3_1-6 8 หลายเดือนก่อน +5

      you didnt listen to what he said

    • @attentioncestpaslegal7847
      @attentioncestpaslegal7847 8 หลายเดือนก่อน

      @@2ndTim3_1-6 What in particular ?

  • @CravenStudiosArt
    @CravenStudiosArt 10 หลายเดือนก่อน +5

    The profound ignorance of third-world conditions/countries and their accompanying implications / troubles / corruption / etc. never cease to amaze

  • @StardustAnnE
    @StardustAnnE 4 หลายเดือนก่อน +1

    If you want to go to Paraguay to be a settler Stay in your country

    • @mutiny_on_the_bounty
      @mutiny_on_the_bounty 4 หลายเดือนก่อน

      Yeah we say that in the US. We are getting ready to deport 30 million people. Gonna be crazy seeing all that money that people send back to South America just stop.

  • @fredglobal9675
    @fredglobal9675 4 หลายเดือนก่อน

    It gets very cold in the winter. No one has appropriate heating. Extremely hot in the summer. Meat is inferior compared to Uruguay and argentina

    • @catalinadasilvamello8499
      @catalinadasilvamello8499 4 หลายเดือนก่อน +2

      La carne paraguaya esta entre los mejores del continente, evidentemente no lo conoces

    • @fredglobal9675
      @fredglobal9675 4 หลายเดือนก่อน

      @@catalinadasilvamello8499 soy en para .la carne es siempre duro como comer zapatas. Tu no saves otras paises como argentina,Texas y Alberta donde carne es excellente

    • @fredglobal9675
      @fredglobal9675 3 หลายเดือนก่อน

      ​@@catalinadasilvamello8499 carne es peor de otras paises
      Todo Bueno carne es exportado: Ojo de bife o Wagyu. venden carne sin madurar y con muchos tendones que son impossible de comer.

  • @LeahVu-p9u
    @LeahVu-p9u 7 หลายเดือนก่อน

    Dating is easier there . . . Passport bros welcome 🤮