Getting a temporary residence card in Paraguay is easy, and Resolution 407 leaves that untouched. Converting it to permanent residency is where the country now wants to see something real, and for one kind of applicant, that changes the math.
On May 28, 2026, the Dirección Nacional de Migraciones (DNM) signed Resolution D.N.M. N° 407, unifying the criteria for proving solvencia económica, economic solvency, at the permanent-residency stage. To convert a temporary card to permanent status, you now have to demonstrate genuine economic activity that generates income, documented and consistent with the activity you declared on the way in.
A diploma, a status, or time on the clock is no longer enough.” What used to be a simple, near automatic process is now getting noticeably harder,” said Jeremy Savory of Savory & Partners, who has held Paraguayan permanent residency himself for about a year and a half.
He took the older productive-investment route, creating the five jobs it requires, because it meant fewer visits, though he says most investors have no appetite for that hassle.
What the conversion now requires
Solvency applies only at the permanent stage; the resolution is explicit that the temporary requirements are untouched. At conversion, it becomes an admissibility requirement that cannot be presumed.
Meeting it takes current, verifiable documentation of real income or real available resources, corresponding to the profession or activity declared at the temporary stage. The DNM is, in effect, checking that the economic life you described actually exists. Also, no absence for more than one year in a row during the temporary residency is now strictly enforced to convert to permanent residency.
There are 12 categories through which applicants can prove it: Professionals, technicians, employees, independent workers, remote workers and digital nomads, real-estate owners, company shareholders and partners, farmers and ranchers, religious workers, pensioners, dependents, and students.
For most of them, the test is active income, evidenced by Instituto de Previsión Social (IPS) social-security registration, a labor contract registered and homologated by the Ministry of Labor, or three months of value-added tax (VAT) returns alongside a tax-compliance certificate.
Nowhere is this sharper than in the professional and technical categories: A university or technical title, on its own, no longer counts. Its holder has to show the qualification is actually generating income.
In large part, 407 is a clean-up. Since 2024, the rules had been spread across six instruments: Two base resolutions, 710/2024 and 905/2024, with 710 later amended by 124/2025 and 22/2026, and 905 by 394/2025 and 012/2026.
The DNM’s own legal opinion called the result a normative dispersion that undermined coherence and uniform application. Resolution 407 folds the instruments into a single Anexo Único, applied under both the Migrations Law (Ley N° 6984/22) and the Residence Agreement of the Southern Common Market (MERCOSUR), Ley N° 3565/08.
Profession and the solvency route invoked also come off the printed Carnet de Residencia and now live only in the system. But the settled rule is the one above: Economic activity is the price of conversion.
To those still headed down the activity route, Savory’s counsel is to “start solvency documentation early” and to “build in more time than you would have a year ago.” The days of treating compliance as a formality, in his reading, are over.
Is there a passive route?
Here is where it bites. For someone who is not going to live in Paraguay and is not going to be economically active there, the activity-based categories simply do not apply.
They are not employed, not practicing a registered profession, not invoicing anyone. So what is left?
Less than the list suggests. Real-estate ownership looks passive, but the category requires a title carrying a two-year registration condition, and the authority may ask the owner to show the income the property generates.
A shareholding looks passive, but the whole Anexo is built to evidence real income or real available resources, and a dormant holding in a company that does nothing is a weak fit for that test. The pensioner route is genuinely passive and clean, but only if you are actually drawing a pension.
For a working-age applicant who wants the status without the life, none of these is a certain route. That is the gap, and it is the gap the Paraguay Investor Pass fills.
Savory frames the same shift as repositioning rather than closure. What is happening, he said, is “not Paraguay just purely closing the doors,” but the country “wanting to target a different audience” and offering “an easier path.”
The Investor Pass, by contrast
The Investor Pass (Resolution 0283/2026) runs on a separate track and answers the passive question directly. It takes a qualifying investor to permanent residency through the investment itself, bypassing the temporary stage entirely, with the investment assessed under its own rules rather than against 407’s categories. Four routes qualify:
- Real estate: US$200,000, with no business plan or job creation and an annual report to file. An applicant can qualify on a registered transfer deed, or on a notarized purchase contract with at least 30% of the declared value paid.
- Financial instruments: US$200,000, held for a minimum of two years, with an annual report and, again, no business plan or job creation.
- Productive business: US$70,000, requiring a business plan and at least five formal jobs.
- Tourism: US$150,000, requiring a business plan and half-yearly progress reporting.
Only the first two suit a non-resident: Capital in, no activity required. Business and tourism both need an operating enterprise. Permanent status, once granted, asks for nothing more than a single visit every three years.
“Reaching permanent status remains the real turning point for flexibility,” Savory said. The Investor Pass reaches that point in a single step, without the temporary stage’s presence and paperwork.
Set the two doors side by side. One door asks you to prove economic activity, file by file, year on year. By contrast, the Investor Pass lets capital answer the question once, with no economic activity and a visit only every three years.
Resolution 407 did not change the Investor Pass. But by settling, in one place, that the route around it runs on economic activity, it makes the passive pathway the more straightforward of the two for anyone whose plan is a Plan B rather than a move.
“I see Paraguay entering a new, more mature and exciting phase,” Savory said. He plans to return within months to study what he called a “highly unusual real estate market.” By his own account, demand at his firm is up 40% on last year, with a target of more than 80% by year-end.
One detail of the 407 regime is still bedding in: The text sets no explicit minimum income for the filing window. That will settle at the counter over the coming months.
Paraguay has now drawn the line in regulation. It is one more marker in the region’s arrival as investment migration’s third pillar.
