How to Apply for Paraguay No Tax* Residency in 2024 after the law changed | visadb.io tax series
ฝัง
- เผยแพร่เมื่อ 25 ก.ค. 2024
- 00:00 Introduction
03:12 Why did Paraguay change its law in 2022?
06:58 Is it possible to get Paraguay Permanent Residency by Investment?
07:55 What documents do I need to get Residency in Paraguay?
09:00 Do I need to apostille my documents to get Residency in Paraguay?
10:40 What is the process like to get Residency in Paraguay?
11:32 How much is it to apply for Paraguay's Tax Residency?
12:38 Do I need to travel to Paraguay to apply for the Residency?
15:00 From where should my criminal record for Paraguay Tax Residency be?
16:33 When can I get my Paraguay Tax Residency?
17:36 Which countries need a tourist visa to enter Paraguay?
19:41 Are there any additional requirements to get a Paraguay Permanent Residency after two years?
21:58 How can I get my documents for Paraguay Tax Residency as a Canadian?
22:52 If I am a United States citizen, do I have to get my criminal record from the FBI?
23:11 From where should my criminal record be if I have lived in a different country for two years?
24:01 Is Permanent Residency necessary to get Paraguay Citizenship?
25:25 Where do I apostille my documents if they are from different countries?
26:31 Can I benefit from Paraguay’s Tax Residency as a Canadian citizen?
28:00 How much do I need to apply for Permanent Residency in Paraguay through Investment?
28:55 As a US citizen, where do I get my documents apostilled?
29:57 If I do not bring money into Paraguay, is it a taxable income?
33:17 Any bank recommendations to receive money in Paraguay?
34:29 Should I tell immigration I will apply for Permanent Residency when I enter Paraguay?
34:57 What are the requirements to acquire Paraguay Permanent Residency? Is it a long process?
35:41 How much is Paraguay’s monthly accountancy service?
36:32 Do I get the Tax ID and the Temporary Residency for Paraguay at once?
41:58 What documents do I receive after applying?
42:21 How much is it to get expert help for Paraguay's Permanent Residency?
43:38 Do you need to purchase real estate to get a Paraguay Permanent Residency?
45:19 If I am already a Paraguay Resident, do I need to travel to Paraguay to get the Tax ID?
46:11 Can South Africans or Russians apply for Paraguay Tax Residency?
47:31 How complicated is it to acquire Paraguay's citizenship?
49:37 Is there any special discount for Paraguay Residency for digital nomads?
49:53 What is better to get a Paraguay Tax ID, a Temporary or a Permanent Residency?
50:34 If I already have a residency in South America, is it easier to get Paraguay's Residency?
51:14 Why do digital nomads need to get a Tax ID?
52:04 How early can I start the process for Paraguay's Temporary Residency and Tax ID?
Paraguay is a convenient option for digital nomads and expats who want to optimize their taxation setup. In this video session, Natalia, visadb's verified Paraguay expert, and Danish, the CEO, explain all the requirements, the process, and FAQs for acquiring Paraguay Tax Residency.
• Reach out to Natalia with your case and questions today. Start a case by clicking on "Chat Now" here: visadb.io/service/61ce1d9f1fb....
Benefits:
• Paraguay has a 0% taxation policy on income sourced from abroad.
• Visiting Paraguay for three days is enough to complete the process.
• You must enter Paraguay once every three years and renew your ID every ten years.
• If you have any income deposit in Paraguay, you only pay 10% of VAT.
PRICE FOR COMPLETE TAX ID SERVICE: USD 2600
With the code "NOMAD" you can apply for your Paraguay Temporary Residency + Tax ID and get six months of accountancy for free to maintain healthy tax records*
SEPARATE PRICING
Temporary Residency: USD 2100
Only Tax ID: USD 500
Summary of the key information in the video:
In October 2022, Paraguay's government decided to change the law and the process for applying for Permanent Residency. Now, you first apply for a Temporary Residency before acquiring your Permanent Residency after two years.
Paraguay Permanent Residency and Tax ID Process Timeline in 2023:
Temporary Residency → Cedula (ID) ready in 3-4 months → Tax ID → Permanent Residency (after two years).
To acquire Paraguay's Residency, you need your birth certificate, marriage certificate (if applicable), criminal records, and to pay the government fee. You must translate and apostille all your documents to be accepted by the government of Paraguay. Remember that some documents (such as criminal records) might expire. Once you acquire them, you must apply soon.
*Even if you do not have income in Paraguay, you must submit reports about your null or minimum income. After the first free six months that visadb offers, the accountancy service is 30 USD monthly.
Disclaimer: Visadb.io does not engage in or promote any practices that violate the tax laws or regulations of any country. We do not condone tax evasion or other illegal activities that could put our community at risk of legal or financial penalties.
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🇵🇾 Reach out to Natalia with your case and questions today. Start a case by clicking on "Chat Now" here: visadb.io/service/61ce1d9f1fb2848b0b1f885c
Benefits:
• Paraguay has a 0% taxation policy on income sourced from abroad.
• Visiting Paraguay for three days is enough to complete the process.
• You must enter Paraguay once every three years and renew your ID every ten years.
• If you have any income deposit in Paraguay, you only pay 10% of VAT.
PRICE FOR COMPLETE TAX ID SERVICE: USD 2600
With the code "NOMAD" you can apply for your Paraguay Temporary Residency + Tax ID and get six months of accountancy for free to maintain healthy tax records*
SEPARATE PRICING
Temporary Residency: USD 2100
Only Tax ID: USD 500
In the US, apostile services are provided by the Department of State for the specific state where the record of interest is recorded -- birth, marriage, etc. Except possibly for DC, the federal government has nothing to do with apostiling original documents of record for Americans.
Thanks for the info. You mentioned that the physical presence requirement for TR would be clarified by April, 2023. Was it clarified? Does maintaining TR require just 2 visits to Paraguay (one to apply and one to renew and apply for PR?) or does it require 3 visits (one to apply, one within one year to maintain and one to renew and apply for PR? As applying for residency is very costly for some folks, (plane tickets, accomodation, food, lawyers, helpers, etc.), details about physical presence requirements are very important. It would be most unfortunate to unwittingly wreck one's chances for renewal by neglecting to follow the rules, due to not being informed. If you could clarify the physical presence requirement it would be most appreciated. Thanks in advance!
So I'm still unclear about one thing: let's say you're getting the temporary residency in Paraguay and you've cut all ties with your home country, can you benefit from the tax residency while living in 2-3 countries excluded Paraguay for less than 6 months in each one?
Hi Geo. You can benefit, but you need to consider other countries' laws as well. Some can be very strict and will be making you a tax resident after spending 183 days in the country even if you show a tax certificate, others will not. It is better to inform per country.
Canada will become a member of hague convention next year. Getting legalized is such a pain.
how does that affect the process, can you explain a bit more?
Are Pakistan nationals not allowed for temporary residence?
Hi. You’ve said few times that Paraguay is not the best option for those who seek 2nd passport. What are better options? Is it Canada you’ve mentioned?
Argentina can be a good option. We recommend you visit visadb.io to browse +700 immigration visas for free :)
If its earned abroad you shouldn't need to pay territorial tax otherwise it wouldn't be a territorial tax system. What your thinking of is non dom in ireland which only taxes you on remitted income but not income remainig abroad. If you earn dividends or capital gains in Canada or US you shouldnt have to pay taxes again. If you do, then Paraguay is a dead option.
Hi. , the documents I prepared in my country Taiwan, to your agency , is it English version or Spanish version ?
Hello please reach out to visadb experts to learn more and find what documents you need for your case: visadb.io/service/61ce1d9f1fb2848b0b1f885c.
Is there need of local address for permanent residency? How long permanent residence is valide? What are the requirements for citizenship?
Hello, yes. The local address is included in Natalia's service. Citizenship is really difficult to obtain: you need Spanish and a knowledge test. Regards!
she's made over $5 million dollars in the past four years. incredible.
Good for her and her team.
After your last video for Paraguay residency few months ago, I contacted Natalia. No response. Then I sent few gentle reminders. No response. Then I contacted Danish, Visadb owner. No response. Utterly unproferssional.
Sorry to hear that, after the last video we received hundreds of emails so your message might have missed or may be the country you are applying form is not supported by Natalia office. Can you share what's your case, let us help you right here :)
@@ken8971 Hi Ken, good for you! Could you please share the name / contact of your consultant?
@@danishsoomro1238 well why don't you list the countries supported?
Say the Canadian successfully renounces residency in Canada
Then becomes temporary resident of Paraguay and gains tax ID from Paraguay
Does he have to maintain 120 days in Paraguay to maintain tax residency?
No, you have to make a visit once every three years : )
Does it make sense to get the tax residency if I'm not planning to actually live there until three years from now?
Yes. Totally. You do not need to live there to keep your tax residency status, and you could have become a Permanent Resident by the time you move to Paraguay. We recommend you start a chat with Natalia: visadb.io/service/61ce1d9f1fb2848b0b1f885c.
Why for people who enter with visa Paraguay is not the best option? Is there a different or more complicated process? What exactly?
Yes, it is a more complicated option unfortunately.
Does the whole family have to travel the first time, for that 3-day visit?
All applicants need to attend Paraguay. This is to take biometrics for the process :)
What is the différence temporary only package and full package?
Hi! Thank you for your comment. Temporary only does not include tax residency. The full package, on the other hand, includes tax residency too :)
Maybe stupid question but... when you take the investment route for permanent residency. Is that for 1 person OR your all family??? In my case a family of 3??? Thank you in advance...
Entire family
Please reach out to visadb.io to assess your case here: visadb.io/service/61ce1d9f1fb2848b0b1f885c. :)
Nathalia is not answering my chat since how many days
Indians are eligible for residence permit of Paraguay
Nage, yes sometimes, Natalia takes time to answer up to 4-5 business days or you may not get a reply if she can't process a particular case. Please share the name you created the case so I can personally see and reply if she can take your case. Appreciate.
Do I need a local and federal criminal records.
Hello, please reach out to Natalia. She is better qualified to answer your questions: visadb.io/service/61ce1d9f1fb2848b0b1f885c.
Is it still available for Chinese mainland?
You need to get a visa to enter Paraguay first. If you have the visa acquired from your country's embassy, then Natalia can help you start the process.
Can a 16yrs old get paraguay residence?
Yes, if they go through the process with their parents.
Is there any Paraguay official immigration site?
Hello, yes you can find the published law here: www.bacn.gov.py/leyes-paraguayas/10973/ley-n-6984-de-migraciones.
@@visadb Thank you
I have Documents from India of Police clearance Certificate, birth certificate, marriage certificate apostle from India
That's great. You first need to the tourist visa in India and then need to find a service provider who will support your citizenship. As Natalia said, there are delays and longer process for certain citizens. Wish you good luck.
@@danishsoomro1238 one of the other providers said they are turning down all south asians. on what grounds are they doing this?
@@danishsoomro1238 oh are you saying you do not offer your service for indians and pakistanis?
Indians are eligible for residence permit of Paraguay
Hello! You might be eligible. You need to acquire a visa in your country's embassy of Paraguay beforehand.
@@visadb can a tourist visa for south asians be obtained in, say, Colombia?